24 Sep 2019

CityShape Residential Round Up: Brisbane

Despite subdued activity in the apartment market, Brisbane’s apartment market value in Brisbane declined by just 1 per cent in 2018 and 0.7 per cent in 2019.

CoreLogic-Moody's Analytics recently noted that that the Queensland housing market was generally faring better than other states and has tipped apartment values across the greater Brisbane area to jump by a strong 5.6 per cent next year with a further 5.8 per cent rise in 2021.

The positivity has filtered back into Brisbane's apartment market with a trove of residential developments lodged and approved in Brisbane over August.

The highlighted properties show a continued focus from developers on boutique projects aimed at owner-occupiers in core apartment markets.

It is no surprise to see two proposals located in New Farm, with planning constraints making smaller complexes ideal and a buyer pool chasing higher-end product with larger floorplates.

Other multiple dwelling proposals not on this list can be found on CityShape, which shows a number of existing approvals being rejigged to accommodate changing market conditions and buyer profiles.

44 Maxwell Street, New Farm

Developer: Pointcorp
Dwellings: 14
Status: Approved
Architect: Elenberg Fraser

Brisbane developer Pointcorp has recieved approval to build a luxury five storey riverfront residential development located at 44 Maxwell Street in New Farm.

Pointcorp, led by Chris Vitale, reapplied for the scheme, which had existing approval for 15 apartments, based on community and council consultation.

According to the architects Elenberg Fraser, the building employs “destination lifting” to provide direct access to the residences and private garages.

94 Lambert Street, Kangaroo Point

Developer: Pikos Group
Dwellings: 200
Status: Lodged
Architect: Kris Kowalski Architects

Private Brisbane-based developer Pikos Group has put plans forward for three 10-storey apartment towers across eight house lots in the riverside suburb of Kangaroo Point.

The proposal includes the amalgamation of eight blocks into three lots in preparation for the towers that will contain a total of 200 units.

Tower One will 61 units including 58 three bedroom apartments, while Tower Two will have 47 residences of which 28 will contain three bedrooms. There will also be a combined total of 326 car parks which includes 50 spaces for visitors.

14 Wyandra Street, Newstead

Developer: Cavcorp
Dwellings: 128
Status: Lodged
Architect: Elenberg Fraser

Luxury apartment developer Cavcorp has unveiled its latest project, Le Bain at Newstead, which founder and director Damien Cavallucci says will be a standout project in Brisbane City.

Cavcorp’s Le Bain, inspired by its namesake — the 5 star hotel in Paris, was first introduced back in 2014 with its latest scheme due for completion in early 2020.

The fifteen storey project will feature 128 one, two and three bedroom apartments. The crown jewel of the project will be the private rooftop pool, inspired by the beaches of southern France.

130 Sydney Street, New Farm

Developer: Purdy Developments
Dwellings: 20
Status: Approved
Architect: Joe Adsett Architects

Brisbane architect-turned-developer Joe Adsett, in partnership with Purdy Developments, has received approval for 20 residential units, each comprising three bedrooms ranging between 132 and 201 square metres in New Farm.

Located at 130-134 Sydney Street, the developers acquired the two adjoining lots earlier this year for $5.3 million, amalgamating them into a 1,265sq m site.

Large balconies and living areas are key features and the design is inspired by its neighbour, New Farm Park.

23 Lambert Road, Indooroopilly

Developer: Mosaic Property Group
Dwellings: 55
Status: Approved
Architect: BDA Architecture

Brook Monahan’s Mosaic Property Group is familiar with Indooroopilly having completed a number of high profile projects.

Early last year the company splashed out more than $5 million on sites at Indooroopilly and Upper Mount Gravatt to build apartment towers worth a combined $53m.

Its Indooroopilly development site adjoins heritage site formerly known as the Hunter Residences.

SOURCE ; https://theurbandeveloper.com/articles/brisbane-residential-project-highlights--cityshape

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