Check out one of East Brisbane's last riverside apartment developments

Element Residences in East Brisbane has began construction on one of the last remaining spaces along the East Brisbane riverside promenade.

The boutique eight level tower at 248 Wellington Road is being developed by the family-ran development firm Bellevue Queensland. The Zullo family, including the Sydney FC soccer player Michael Zullo, bought the 478 sqm site for $1.5 million in 2020 from developer Alphaprop.

Alphaprop had been planning four full floor apartments with three bedrooms.

But Bellevue had bureau^proberts tweak the plans, turning the three level penthouse to two levels to allow for another apartment. They also changed the number of bedrooms from three to four per apartment, apart from the five bedroom penthouse.

Construction is expected to be completed at the end of the year. 

The five bedroom penthouse has already been snapped up by a local buyer.

The remaining five apartments, all with four bedrooms and a master retreat with opulent ensuite featuring twin rain showerhead and a bath, have been listed for sale, with prices starting from $2.7 million.

"The one per floor offering is definitely the hottest buying requirement for the large downsizer segment of the market," Ray White New Farm marketing agent Hamish Bowman said.