Mair Street will soon be home to another restaurant, after a liquor licence application was submitted to council.
Construction work is under way at the former Mary and Peg retail store, between Doveton and Armstrong streets, to create what council documents state is a "modern Italian restaurant", with a cafe and restaurant licence.
Plans show a bar and kitchen, and state the restaurant would seat up to 42 patrons, and will be open seven days a week between 11am and 11pm.
The building will be made wheelchair-accessible, with the existing floor being demolished and ramps installed.
Drew Harry, who is behind the venture with business partner Teddy Powlett, said he hoped to open the venue by late March or early April, but was keeping the new name close to his chest.
"We took over the lease in November last year, but it has been a bit of a pipe dream for a couple of years," he said in a statement.
"Renovations have been going smoothly so far, (we're) hoping it stays that way."
It's one of several new hospitality ventures on the block, including cafes, bars, and what is understood to be a brewery, which have opened recently or are currently under construction, as well as the Pub With Two Names on the Doveton Street corner.
The City of Ballarat's Civic Hall reopened in March last year, while the massive GovHub project, on the opposite side of the block, is expected to be finished by the end of 2020.
About 1000 state government employees will work at the building when it opens.
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