Brookfield Residential Properties is planning to launch the next stage of the $1.3 billion Portside Wharf community on the Brisbane River in Hamilton, after receiving development approval for a new $141 million premium residential building from Economic Development Queensland.
Located within the Portside East precinct, the new building will be the ninth developed at Portside by Brookfield Residential Properties, which has already delivered over 850 luxury riverside apartments within the vibrant dining and shopping precinct.
The 19 level building will enjoy 50 metres of absolute Brisbane riverfront, the last of its kind in Northshore Hamilton, with all future riverfront developments required to have a greater setback from the river.
The development will feature 150 one, two, three and four bedroom apartments, sub-penthouses and two ultra-opulent penthouses, with commanding 270 degree views.
The building will showcase exclusive resort-style sanctuaries for the ultimate in entertaining and relaxation, boasting an infinity-edge pool with views across the Brisbane River to the CBD, a private function room with kitchen and bar for more intimate gatherings, a resident’s lounge, wine cellar and boardroom. Residents can also unwind in the outdoor gardens, which include barbeque areas, outdoor seating and lush landscaping.
The new building will be developed on a 2,829sqm site, neighbouring Brookfield Residential Properties’ most recent residential projects – Gallery House One and Two, which together have achieved more than $238 million in sales since launch.
Brookfield Residential Properties managing director, Lee Butterworth, said the developer was confident in the strength of the Brisbane market and was working toward launching the new apartments later this year.
“The opportunities to secure an absolute riverfront apartment that can never be built-out, in a sought-after, blue-chip location such as this, are few and far between,” he said.
“When you couple that with the unrivalled lifestyle on offer at Portside, this new building will be a true stand-out and, as a result, we are confident it will be met with significant interest.
“It will feature an urban sub-tropical character that embraces and celebrates the riverfront address, with a suite of luxurious amenities for residents to enjoy as they take in the stunning location.
“As part of a meticulously designed precinct with liveability and connectivity at its core, residents will also have access to dining, shopping and entertainment, quite literally at the doorstep, with all the city centre has to offer in easy reach.
“Now we officially have the green light from the planning authority, we are looking forward to moving ahead with our plans, including making preparations for construction, to deliver the high-quality finish our buyers have come to expect.”
Mr Butterworth said most apartments in the new building would boast river views, with a diverse mix of floorplans available to suit purchasers in varying stages of life.
“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,” he said.
“Buyers recognise Portside is the north side’s premier lifestyle destination, just six kilometres from Brisbane CBD and easily accessible via a short stroll along the boardwalk to the City Cat, by bus or major arterial roads, including the recently upgraded Kingsford Smith Drive, with Brisbane’s airports also close by.
“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.”
Portside is the first stage of one of Brisbane’s largest urban renewal projects, the $5 billion Northshore Hamilton Priority Development Area, which on completion will extend approximately 2.5 kilometres along the Brisbane River to the Gateway Bridge and occupy a total of 304 hectares.
Northshore Hamilton’s range of amenities complement Portside Wharf, with the recently completed $10 million Hamilton Recreation Reserve conveniently located close by, featuring extensive green space, a children’s playground, amphitheatre, picnic areas, a dog park and water play facilities.
“As the original and most active developer in the Northshore Hamilton precinct, Brookfield Residential Properties has a proud track record of delivering high quality and highly sought-after apartments that have played a significant role in spurring urban regeneration in this area,” said Mr Butterworth.
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