The proposals cover 21,400 square feet and will include 16 new residential units and 2,700 square feet of ground floor retail space. Derwent applied for full planning permission for the scheme, located at 96-98 Bishops Bridge Road, last November.
Construction is expected to begin in early 2013 with completion due in late 2014.
The proposed plans for the former Queens Cinema were draw up by architects Stiff and Trevillion. Plans are to retain the art deco facade and build 18,700 square feet of apartments, together with retail space. The developer is targeting art galleries and boutique retailers as potential tenants of the retail units.
The development will build on the success of nearby Notting Hill and Westbourne Grove, the developer said.
The planned apartments will be a mix of one, two or three bedroom units. New public space on the opposite side of Queensway will also be created.
