The second phase of a South Shore multifamily project is moving forward almost a decade after the first building opened.

Quincy's Planning Board has scheduled a public hearing for Wednesday for a 100-unit apartment building called East of Chestnut in the city's Quincy Center neighborhood.

The project includes a five-story building that would replace the former Sully's bar, which closed in 2018, the Boston Business Journal reported.

The parcels at 12-18 Chestnut St. consist of a surface parking lot and two vacant commercial buildings. The multifamily project would also include one level of underground parking for 100 vehicles.

The plans were filed by Quincy Mutual Fire Insurance Co., which has owned the surface parking lot on the site since 2004. The insurance company also acquired the commercial building that once housed Sully's and another adjacent property for $5.5M in two separate deals in 2017 and 2018.

Quincy Mutual was also part of another project almost a decade prior called West of Chestnut. The new project was envisioned as the second phase.

The $60M first phase opened in 2016 from developer Gate Residential with 169 apartments. Other projects that have opened nearby include developer LBC Boston's 171-unit Nova Quincy apartments and a 15-story apartment tower at One Chestnut Place.

The projects were built on a 50-acre site where the city had previously partnered with a New York-based developer for a $1.6B plan, but that deal fell through in 2014 and Quincy then decided to approach it one parcel at a time.

Other projects underway in the area now include Grossman Cos.' 256-unit project on Burgin Parkway, LBC Boston's 215-unit development on Hancock Street, and another 297-unit apartment building in the center.