The project would lead to the construction of 30 apartments on the Hungry Jack’s site on the corner of David and Hume Streets.

The fast food restaurant is moving to former petrol station land on the corner of Hume and Townsend Streets, opposite McDonald's. 

Under the development proposal, the current restaurant will be knocked down to construct the six-storey residential building, which will also include commercial and retail space. 

Barker Group developer Travis Barker said the company had been working on the proposal for about 18 months.

“We’re going to the market to test the water, test the market,” he said.

“We think there is a need for inner city apartment style living, with all the conveniences available around you.

“We’re trying to meet that need for inner city living.

“It’s a very significant structure.

“It will be very impressive.” 

The plans include ground level parking, two levels of commercial and retail space and 30 apartments.

The developer, which owns the land, has been in discussion with council staff. 

Mr Barker said it was hoped the project could start next year, subject to council approval. 

“If we can get it through council in a timely manner, we expect to be able to commence construction work mid-next year, with a completion in mid-2020,” he said. 

Stean Nicholls agent Jack Stean said the building would feature a mix of one, two and three bedroom properties. 

He said the architect had tried to create a design that fit in well with the surrounding area. 

“I think with Baby Boomers, this is what they’re asking for in Albury,” he said. 

“We think it’s going to be amazing for the area.

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“It will be the biggest residential development in Albury.”

Mr Barker said plans would be lodged with the council in coming weeks. 

He did not reveal the cost of the project, but it will be a multi-million dollar development. 

There have been several similar apartment projects built in central Albury in recent years, including six-storey The Botanic at the western end of Dean Street. 

The former Wool Stores building on Smollett and Townsend Street, which had housed the Australian Tax Office, was also converted to house 104 short stay Quest apartments. 

Mr Barker said there had been a shift in recent years to apartment style living in central Albury.