Emerging development company Zero Nine has submitted an application with the City of Yarra for a mixed-use redevelopment of a heritage site in Collingwood.
Zero Nine want to develop two existing low-set shops into a 9-storey building comprising 29 residential units and an 86sq m retail tenancy on the ground level.
The developer acquired the 532sq m site at 378-380 Smith Street in late 2015 for $4.9 million, submitting the application in late 2018.
The existing heritage facades bordering the site will be retained and restored, however the remainder of the existing structures will be demolished to make way for the new proposal.
Architects Jackson Clement Burrows are designing the proposal which has a residential mix of mostly one and two bedroom apartments.
Zero Nine’s proposal joins a spate of residential development currently in the works for Collingwood.
In October, developer Gurner received the go ahead for a $40 million residential development comprising 39 high-end apartments at 368-374 Smith Street.
Less than 500 metres away, construction on Cranecorp Group’s $35 million residential project in Collingwood pushed ahead after the Kerry Stokes-backed Flagship stepped in to finance the project.
The application for Zero Nine's 378-380 Smith Street site for a partial demolition of the existing building and construction of the mixed-use building located on the bustling retail strip.
Plan Melbourne, Melbourne's metropolitan planning strategy, estimates that the city's population could be 7.7 million by 2051, requiring around 1.6 million additional dwellings.