Prestigious St Lucia Riverfront site put on the market to developers

A rare Brisbane riverfront opportunity in one of the city’s most sought after suburbs has been put to market to developers for a potential north-facing 15 storey development. FIND OUT WHERE

178 and 180 Macquarie St, St Lucia Photo: Colliers Queensland

A ‘rare’ Brisbane riverfront opportunity has been put to market to developers for a potential north-facing 15-storey development.

The site at 178 and 180 Macquarie St, St Lucia, is set to unlock sought-after prime Brisbane riverfront real estate.

Colliers Queensland Director of Residential Development Sites Brendan Hogan said the property had the potential for a prestigious residential development with a code assessable height limit of 15 storeys with potential upside, subject to Brisbane City Council approval.

“With a northerly aspect and expansive 360 views over the river and city and only 2.5 kilometres from the Brisbane CBD, this presents a once-in-a-generation opportunity,” Mr Hogan said.

“The site is within walking distance to the world-renowned University of Queensland and only minutes away from the Toowong Village Shopping Centre and bustling retail and dining precincts of Brisbane’s Inner-West.

“It is located within a quiet residential enclave, and sites with these attributes present the rarest opportunities and will satisfy the unrivalled demand for premium riverfront residential products.”

Colliers Queensland Director of Residential Development Sites Troy Linnane said there had been a lot of interest from developers in the site.

“We’re in our third week to market, and we’ve had over 150 enquiries with predominantly local developers interested in the site so far.” Mr Linnane said.

“This is one of the best opportunities in Brisbane given that it is a high-end riverfront opportunity in one of the best suburbs in Brisbane with north-facing views in a quiet residential enclave; it’s a once-in-a-generation opportunity.

“This site will provide high-end quality residential living, which will be suitable for downsizers and buyers wanting to sell the family home buy into a boutique project with good amenities and attributes. These properties are finite and very rare in Brisbane.

Mr Linnane said the project’s legacy was up to the purchasers and developers.

“There is an opportunity for the developers to create something of a high-end standard,” he said.

“If a developer does something very special they should achieve premium prices like the location deserves.”