Demolition and construction of a mixed use development comprising of residential apratments with ground floor retail teneancies and associated basement carparking
Brady Group plans 59-level apartment tower
The three-level Phillips Shirts building in Little Lonsdale Street is set to be transformed into a 59-level residential apartment tower under plans submitted by local developer Brady Group.
A $60 million tower planned for the small 702-square-metre site will have 314 apartments and 158 sqm of retail space on the ground floor, planning documents show.
Most of the existing brick building that sits on the corner of Zevenboom Lane will be demolished to make way for the development, although the facade that fronts Little Lonsdale Street will be kept and incorporated in the new building.
Brady Group bought the Phillips Shirt site in May this year for $15 million.
The development company was founded by Irish-born Tony Brady more than two decades ago and includes among current projects 524 units over 69 levels in the Vision apartment building on the site of the old Stork Hotel at 500 Elizabeth Street.
The group is one of Melbourne's most prolific developers, building more than 20 large-scale city residential developments over the past two decades.
It recently completed two similar-sized towers on neighbouring sites next to Phillips Shirts.