- Approvals granted from Economic Development Queensland.
- New development is part of the $1.3B Portside Wharf community on the Brisbane River.
- The Hamilton based addition is a premium $141M development.
- 19 stories high, developed by Brookfield Residential Properties.
Brisbane is set to see another new development along the banks of the Brisbane River.
Set in the blue-chip suburb of Hamilton, the $141M premium residential building will be developed by Brookfield Residential Properties.
Across 19 levels, the development offers a variety of residential options, 150 apartments and penthouses altogether.
The new property will be another addition to the $1.3B Portside Wharf development, with previous sales in the area a promising sign.
Brookfield said recent neighbouring properties also developed by Brookfield fetched more than $238M in sales since launch.
The Property Tribune recently reported many local [Queenslanders’] buyers “were out in force”.
Brookfield’s managing director, Lee Butterworth, said this was definitely the case in Hamilton, but with small exceptions:
“Traditionally, our buyers have predominately come from within a 10 kilometre radius of Portside, although we have also attracted those from across Australia, and we expect our latest stage to follow in those footsteps.”
Mr Butterworth also mentioned they were expecting many down-sizers and urbanites to move in:
“We expect it will draw significant interest from empty-nesters looking to right-size in a premium lifestyle location right through to young professionals who want a home that delivers the perfect work-life balance.”
This is one of the earlier projects which form part of the larger plan for Brisbane’s urban renewal.