A 22-storey luxury hotel may soon soar from an under-utilised, 10-storey office building at 422 Little Collins St.
Dilato Investments has submitted a planning application to the City of Melbourne to build an additional 13 levels, including a mezzanine, on top of the existing structure.
The current building will be retrofitted and the new roof will be turned into an outdoor-terraced podium with extensive views.
Melbourne-based Metier 3 Architects designed the $40 million project, which aims for retention and revitalisation of the under-utilised building and surrounding laneways.
Dilato Investments said it wanted to distinguish the city block bound by Queen, Bourke, William and Little Collins streets and will focus on frontage activation.
Normanby Lane, which borders the site, will be activated with restaurants and bars under the plan.
The building will be home to a potential international hotel with 263 rooms on the 956sqm site.
The additional levels will be visually connected to the old building by using similar building materials.