Brisbane council approves $325 million inner city tower and hotel

A $325 million project comprising a five-star hotel and an apartment tower has received approval from Brisbane City Council.

Christened Mary Lane, the project will be developed by Mary 111 Pty Ltd - associated with local businessman Sam Chong.

Set at 111 Mary Street in Brisbane's CBD, the project has been designed by Woods Bagot.

“The combination of a five-star hotel, luxury residences and dining precinct is popular in cities such as Singapore, Hong Kong and New York but until now has not been seen in Australia on this scale,” said Ian Pert, development manager of GMP Management.

The approval is for 286 hotel rooms and 167 residences, however, the developer has since lodged an amendment which will retain the current building form but increase the residences to 184. 

Mary Lane will comprise a mix of one-, two- and three- bedroom units as well as some penthouses.

The developer will retain the building’s 400 square metre retail space which will include a café, restaurants and bar.

Construction of the tower is set to begin in early 2016 and an agreement with a international hotel operator is in its final stages.

The residences will be marketed by Colliers International.

Brisbane-based Chong also owns the neighbouring Four Points by Sheraton.