Developer Hamton has unveiled images of its “Circa” apartment building, a $200 million mixed use proposal for the site.
Circa will include an 8-level building on Bell Street, rising to a 13-level tower, within what was once the school grounds.
About 75 per cent of the proposed new apartments will be configured as one bedroom units. Circa will also include 563 basement car parks and 545 bicycle parks.
Hamton paid a reported $10 million for the 1.2 hectare site in early 2008, and is proposing Circa with joint venture partner Macquarie Real Estate Equity Fund No 7. School has been out at Coburg High since 1993.
The site was owned for a period by property spruiker Henry Kaye.
A spokeswoman for the council said it expects to make a decision about the development after August.
Last month, Planning Minister Justin Madden announced he would fast track the development of a high rise apartment at the nearby former Pentridge Prison.