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Maple Development Group, an arm of Chinese developer Peng Bo, has been given planning approval for its largest residential project yet, a $200 million apartment tower in central Brisbane's Quay Street precinct.
The Rothelowman design for the mixed use project comprises 255 apartments, a five-star serviced apartment building, commercial offices and podium-level shopping and dining across two 30- and 35-storey buildings.
"Brisbane has in recent years experienced a period of evolution and significant growth, primarily focused on quality riverfront amenity and experiences, which make the most of the city’s climate and riverine landscape,” Maple's group development manager, Gilbert Zhu, said.
The proposal includes a restoration of the historic Davidson’s Residence, built in 1868. After its revamp, the heritage-listed home will serve as a reception area for the serviced apartments.
Maple, a subsidiary of Hebei Province-based developer Peng Bo, has been pursuing a series of residential and commercial projects in south-east Queensland over the past five years. Two years ago, it launched Arcadia Apartments, a boutique 29-unit project in Indooroopilly.
Rothelowman principal Jeff Brown said the design of the project was based on the city council's "Buildings that Breathe" guidelines.
That led to the inclusion of a series of initiatives including extensive use of greenery, sky gardens, passive ventilation and building shading.
"This project represents the future of the Quay Street precinct and we hope to set a design precedent for future development in the area," he said.