Plans for an eight level apartment building have been submitted to replace three Kensington industrial sites.
Forty one dwellings are mooted for the 1068 square metre holding covering 415-423 Macaulay Road, three kilometres north west of Melbourne.
The parcel is about 200 metres from Kensington train station, 250m from Macaulay and less than a kilometre from the Arden station, under construction as part of the Metro Tunnel initiative.
The Neil Architecture project branded 415 Macaulay Road contains 27 two bedroom dwellings and nine with one bedroom. The balance are designed with three.
The project also contains 45 car parks and two commercial tenancies, of 67 sqm and 68 sqm.
Bridport Property Group is the owner.
Building costs are estimated at c$13 million.
The Albert Park group acquired the mixed-use zoned Macaulay Rd block last year for $4.8m.
Elsewhere in the suburb, Impact Investment Group is repurposing the historic Younghusbands Limited Tallow complex as an industrial village, the first stage with offices and a rooftop restaurant.