Traders in Purple hope to build a $90 million residential complex at Newport
A suburb north of Brisbane could be home to a $90 million residential unit complex complete with canal access and ocean views if approved by the local council.
Moreton
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A developer hopes to build two six-storey apartment buildings and 11 two-storey townhouses with canal frontages in an expanding estate north of Brisbane.
Traders in Purple lodged the application for the $90 million development with Traders in Purple today.
They plan to build the 115 units and townhouses across two stages on a 11,500 sqm site at Aqua St, within the Stockland Newport Estate.
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Information provided by the developer states the development will be connected via a garden laneway and offer marina berths or direct water or park frontage on three sides.
Traders in Purple CEO Brett Robinson said the development had been designed with owner-occupiers in mind.
“The design for our Aqua Street development capitalises on the beautiful waterfront position, with the orientation of the buildings carefully considered to maximise the aspect outcome for all owners while minimising the traditional ‘back’ of a building,” Mr. Robinson said.
“Creating communities rather than just developments is an integral part of our philosophy at Traders In Purple and the Aqua Street development has been designed to complement the broader master planned community, offering residents a waterfront and community-focused lifestyle.”
If approved it would not be the only multistorey development in the estate with Stockland preparing to compete its vertical retirement village.
Once complete the $60 million project will include 125 apartments (a mix of two and three bedrooms), linked by a communal outdoor recreation space with a swimming pool and views over the 22 hectare man made lake.
Moreton Bay Regional Council did knock back an application for another six-storey apartment building at Newport earlier this year.
The development had been proposed by Kindred Group for the Newport Marina site.
This application is currently pending a decision by the Planning and Environment Court.
Traders in Purple are behind several other Peninsula developments including The Scarborough, Bathers Beachside and the Sebel Hotel in Margate.
They also have plans to redevelop 1 Redcliffe Pde with two high rise residential towers, possibly 30 storeys tall.
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