A man has been charged 11 months after a pedestrian was struck and killed by car while crossing Chapel Street.

The pedestrian, a 73-year-old man, was hit by a silver Mercedes four-wheel-drive near the Toorak Road intersection in South Yarra just before 9pm on November 18, 2018.

He was taken to hospital where he later died.

The driver, a 28-year-old Balwyn man, was also taken to hospital for observation.

Major Collision Investigation Unit detectives on Saturday charged the Balwyn man with dangerous driving causing death and other traffic related offences.

He has been bailed to appear at Melbourne Magistrates Court on Wednesday.