Property developer Grant Stafford Borthwick Ltd is seeking to transform the site west of 331 Bell Street.

Under plans designed by Jewitt and Wilkie Architects, the seven-storey building will contain a mixture of one, two and three-bedroom units.

The developer is nearing the completion of 54 flats at an adjacent site.

It noted: “‘Phase 1’ has proven to be a very successful development for the rental housing market and the proposals reflect the success of this formula.”