15-level apartment tower set to come up in Brisbane's Newstead

A new 15-level residential tower overlooking the heritage-listed Gasometer will come up in Brisbane's Newstead.

Gasworks Residences by Tom Dooley Developments will comprise 182 apartments over 14 storeys. Construction is expected to later this year, said a media release.

Some are two-bedroom apartments, but nearly half boast a multi-purpose room that could be used as a media room, office or third bedroom. Priced range from $525,000 to $1.15 million.

Designed by Shane Plazibat Architects, all of the apartments will have balconies between 16 sqm and 34 sqm, floor-to-ceiling glass and stone benchtops.

The rooftop area on the fifteenth floor features a 25-metre infinity pool, yoga terrace, gym, private sunken courtyards and an outdoor kitchen.

The ground floor will have 1,500 sqm of retail space. 

TDD managing director Tom Dooley said the suburb had strong appeal, particularly for local buyers looking to buy into the urban village lifestyle.

“Gasworks is really the epicentre of urban renewal in Brisbane, which is why we are building our second major development there," he said.

“Our first Gasworks development – Skyring – sold out in weeks. There’s plenty of interest in good quality, well sized apartments, particularly when they’re close to Brisbane’s best food, shopping and nightlife.”

Skyring is currently under construction in Newstead.

Dooley said initial sales were strong, driven by young professionals and downsizers in search of the urban village lifestyle.

More than 70 percent of Newstead households are couples without children or singles, with more than half aged between 25 and 44, said the media release.