Huge $1.5bn waterfront project approved for 200 homes, hotel
A $1.5bn inner Brisbane waterfront project has been approved, turning a gravel factory into a new lifestyle precinct with 200 homes, a five-star hotel and more.
A $1.5bn inner Brisbane waterfront project has been approved, turning a gravel factory into a new lifestyle precinct with 200 homes, a five-star hotel and more.
Developer Kokoda Property confirmed it has been given the go-ahead by the Brisbane City Council for what it believes to be the largest private development the city has seen.
The transformational project at 17-27 Skyring Terrace will replace Teneriffe’s Industrial Riverside Sands business which operated on the 17,612sq m site for about 50 years.
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The project had initially proposed over 300 new homes, a 160-room hotel, skybridge and an extension to the riverwalk.
The approval is for a revised plan for 200 new homes across luxury residences, lofts and penthouses.
The hotel plans will see Brisbane’s first international five-star offering by The Kimpton Hotels & Restaurants, and there will be over 4,800 sqm of absolute waterfront dining and retail and a Community Hub.
Kokoda Property founder Mark Stevens said they were creating “not just a global destination in Brisbane, we are breathing new life into a currently underserved yet highly coveted piece of land”.
He said greater detail around the Skyring Terrace project would be revealed soon, including its unique blend of heritage and modernity which is expected to define the new globally-inspired waterfront landmark.
“Our vision for the project is to reignite the Brisbane riverfront for a new generation, with 9,331sq m of the Skyring Terrace development dedicated to being open, lush green public spaces with sprawling laneways and a 220m riverwalk extension.”
“With 53 per cent of the site being open, green and for public use, our vision sees this reconnection to the Brisbane River in a unique and creative way.”
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Kokoda Property bought the site for “upwards of $100m” in May last year in what was reportedly the biggest waterfront sale of its kind in the Queensland capital.
The firm is collaborating with partners Carr, Cottee Parker Architects and Urbis Town Planning and Landscaping to bring the project to life.
Its architecture draws inspiration from Teneriffe’s iconic brick woolstores and structural remnants of the suburbs river industries, with the subtropical Queensland climate in mind with its multitude of outdoor and semi-outdoor active spaces.
Originally published as Huge $1.5bn waterfront project approved for 200 homes, hotel