The fate of a controversial proposed apartment tower in Brunswick is hanging in the balance, with the developer expected to reveal its next step on Monday.

A pitch for a 12-storey block was deemed too tall by the state planning tribunal earlier this year, amid worries about overshadowing of popular Princes Park.

Moreland City Council rejected the amended plans for a 10-storey project at 699 Park Street, on the corner of bustling Sydney Road, late last month in a decision welcomed by some locals.