Azure is releasing the final apartment in its One Five Six apartment development in New Farm.&nbsp;

The sub-penthouse in&nbsp;<a href="https://www.urban.com.au/new-apartments/one-five-six-156-oxlade-drive-new-farm">One Five Six</a>, located at 156 Oxlade Drive in the heart of <a href="https://www.urban.com.au/developments/new-farm-qld">New Farm</a>, is the final apartment to be released to the market.

Set on level five of the building, the 226 sqm apartment has three bedrooms, three bathrooms, and a three-car garage. It features a 35 sqm river-facing terrace.

[smartcode_project:default project_id=95611 project_image_fid=180234]

Residence 5.02 is positioned on the north-eastern side of the building taking full advantage of the 11-metre frontage affording elevated, uninterrupted views of the Brisbane River and Oxlade Park.

<a href="https://www.urban.com.au/developers/azure-development-group">Azure</a> Director Trent Kiernan says the apartment is "pretty well irreplaceable."

"In a building without compromise and in the best street in New Farm, someone will be very lucky to secure it,” Keirnan said.

[smartcode_project:default project_id=95611 project_image_fid=180233] 
&nbsp;&nbsp; 
Simon Caulfield, who is marketing the apartment, says the opportunity to purchase something like this is scarce. 
&nbsp; 
“When you consider the location, uninterrupted views, practical floorplan and quality finishes throughout, the sub-penthouse residence has no compromise," Caulfield says.

"In the current market, residential opportunity of this calibre is incredibly scarce. Most importantly, construction is nearing completion where buyers have the benefit of occupying in the later half of this year."

[smartcode_project:default project_id=95611 project_image_fid=180226]

&nbsp;Brisbane remains a standout performer at the prestige end of the market, where it maintains positive growth rates consistently observed month on month.&nbsp; 
&nbsp; 
“While Brisbane continues to grapple with limited inventory, particularly in premium locations, there’s a noticeable influx of buyers, especially in the upper echelons of the market," Caulfield adds.

"This demand underscores Brisbane’s status as an attractive investment destination, offering a compelling mix of lifestyle amenities, urban sophistication, and comparatively more affordable prices compared to <a href="https://www.urban.com.au/new-apartments/sydney-nsw">Sydney</a> and <a href="https://www.urban.com.au/new-apartments/melbourne-vic">Melbourne</a>.”

[smartcode_project:default project_id=95611 project_image_fid=180239] 
&nbsp; 
Affluent buyers are typically looking to transition to a more streamlined lifestyle without sacrificing on quality or comfort, looking to purchase more than just a place to live.&nbsp; 
&nbsp; 
“Understanding and catering to buyers’ preferences in the high-end property market is crucial for developers and agents operating in the prestige property space, One Five Six perfectly exemplifies the desire to purchase a lifestyle statement that encapsulates luxury, security and convenience.” 
&nbsp; 
One Five Six offers a collection of a total of ten residences comprising of a penthouse, garden penthouse and eight apartments, complemented by luxurious amenities that promote rest and recovery from a busy city lifestyle.

[smartcode_project:default project_id=95611 project_image_fid=180240] 
&nbsp; 
The penthouse comprising of 4-bedrooms, 5-bathrooms, 7-car garage, 1500 bottle cellar, complete with a 200sqm rooftop terrace and heated lap pool sold for a Brisbane record of $11.3 million in 2022. 
&nbsp; 
Azure is a privately owned real estate development and investment company that has delivered more than 1,400 terraces, units and residential lots since it was founded in 2014. 
&nbsp; 
The company’s active portfolio of seven developments is valued at more than $500 million including <a href="https://www.urban.com.au/new-apartments/one-earle-lane-toowong-1-earle-lane-toowong">One Earle Lane</a>, Oakmont and <a href="https://www.urban.com.au/buildings/dahlia-residences-106-alex-avenue-schofields">Dahlia</a> and it hosts a future pipeline in excess of $1.3 billion.

One Five Six is set to be completed by the end of 2024.

[smartcode_project_cta:default project_id=95611]

Best and last remaining riverfront-facing residential property launched to market

Urban Editorial

Azure release final apartment in One Five Six, New Farm development

Developer Kinstone Group has lodged plans for a $380 million mixed-use master-planned community in Rochedale, 15 minutes south of the Brisbane CBD, delivering new housing supply alongside expansive green space, retail, and a boutique hotel and tavern.&nbsp;

Designed by award-winning <a href="https://www.urban.com.au/builders/arkhefield">Arkhefield</a>, ‘Rochedale Terrace’ is situated at the four-hectare corner site at 46 West Street and 400 Miles Platting Road. &nbsp;

It has been envisioned as a ‘new community heart’ for the suburb, linking a large new parkland with existing green space to create a walkable corridor that integrates recreation, retail and residential. &nbsp;

<a href="https://www.urban.com.au/developers/kinstone-group">Kinstone Group</a> General Manager, Tommy Hung, said the proposed master plan will be delivered in three stages over the next decade.&nbsp;

“Our vision is to create a vibrant and welcoming destination that celebrates the natural environment and brings people together,” Hung said.&nbsp;

“The first stage of Rochedale Terrace will deliver a contemporary mixed-use precinct that includes a variety of retail and dining options, a local tavern, and a 75-room boutique hotel, deliberately set back from West Street to prioritise the position of the new community park.&nbsp;

“The park is the heart of the precinct, from which the retail pavilion and residential buildings will take shape. It also provides an opportunity to rejuvenate the adjoining creek and connect the precinct to &nbsp;the broader community.”&nbsp;

Around 280 apartments will be delivered during the second and third stages of development, alongside additional retail and commercial spaces, outdoor pavilions and extensive landscaping for the benefit of the broader community. &nbsp;

“Rochedale Terrace will create more green shared spaces, retail and social precincts for the community to connect and will become a vibrant meeting place in years to come,” Hung added.&nbsp;

<a href="https://www.urban.com.au/developments/rochedale-qld">Rochedale</a> is one of <a href="https://www.urban.com.au/developments/brisbane-qld">Brisbane</a>’s original ‘million dollar’ suburbs due to its large family homes and connection to the city and has been the focus of major public and private investment in recent years.&nbsp;

Hung said the Rochedale Terrace master plan responds to this growth with a ‘gentle density’ approach that provides much-needed housing diversity and retail, recreation and events spaces.&nbsp;

Kinstone Group is actively delivering several masterplanned communities in South East Queensland, including the 65-hectare Serenity 4212 master plan in Helensvale and the $1.5 billion Foxwell Coomera mixed-use precinct on the northern <a href="https://www.urban.com.au/gold-coast-qld">Gold Coast</a> – both in a joint venture with Keylin.&nbsp;

&nbsp;

Kinstone Group General Manager, Tommy Hung, said the proposed master plan will be delivered in three stages over the next decade. 

Kinstone plot $380 million Rochedale precinct, Rochedale Terrace

Sherpa Property Group has completed its luxury&nbsp;Mermaid Beach&nbsp;apartment development, Perspective on Albatross.

<a href="https://www.urban.com.au/buildings/perspective-on-albatross-72-74-albatross-avenue-mermaid-beach-qld-4218">Perspective on Albatross</a>, which comprises eight four-bedroom, three-bathroom apartments, is now ready for occupancy with only one ground-floor residence still available for purchase.

[smartcode_project:default project_id=111484 project_image_fid=213896]

The remaining unit features an expansive outdoor terrace upgraded with a private spa, sauna, wine bar, and two fireplaces. It also includes a double lock-up garage with additional storage space.

Designed by award-winning architects <a href="https://www.urban.com.au/architects/hal-architects">HAL</a> and built by <a href="https://www.urban.com.au/builders/5point-projects">5Point Projects</a>, Perspective on Albatross features sculptural Mediterranean minimalism and a natural colour palette to create a timeless design.

[smartcode_project:default project_id=111484 project_image_fid=230561]

<a href="https://www.urban.com.au/developers/sherpa-property-group">Sherpa Property Group</a>&nbsp;Founder Christie Leet says success in sales for Perspective on Albatross has been driven by demand from a mixture of local owner-occupiers and downsizers.

“Many of these buyers are local downsizers who have been enticed by the unique location, spectacular architecture and beautiful living spaces that take full advantage of an elevated beachside location”, Leet said.

“Notching closer to 100 per cent sold is largely due to the surge of owner-occupiers who are continuing to drive the demand for apartment living on the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a>, during a time when available stock is at an all-time low.”

Perspective on Albatross is situated just 160 metres from the beach, offering a prime location in <a href="https://www.urban.com.au/developments/mermaid-beach-qld">Mermaid Beach</a>.&nbsp;

Sherpa Property Group Founder Christie Leet says success in sales for Perspective on Albatross has been driven by demand from a mixture of local owner-occupiers and downsizers

Sherpa completes Perspective on Albatross, Mermaid Beach apartments

Residential construction work has remained stable across Brisbane.

The recently released RLB Crane Index® Q1 2024 shows a slight decline in residential crane numbers in the sky across Brisbane, down from 36 in Q3 2023 to 34 in Q1 2024.

Adding to the supply of new apartments in <a href="https://www.urban.com.au/developments/brisbane-qld">Brisbane</a> is&nbsp;<a href="https://www.urban.com.au/new-apartments/skye-residences-kangaroo-point-8-river-terrace-kangaroo-point">Skye Residences</a> by <a href="https://www.urban.com.au/developers/pikos-group">Pikos</a> and <a href="https://www.urban.com.au/new-apartments/sorano-house-kangaroo-point-12-hamilton-street-kangaroo-point">Sorano House</a>, both&nbsp;in <a href="https://www.urban.com.au/new-apartments/kangaroo-point-qld">Kangaroo Point</a>. They both saw cranes added to their prime sites in the affluent riverside suburb.

[smartcode_project:default project_id=90059 project_image_fid=218021]

The CBD and its surrounding area still have most of the city's cranes, accounting for 62 per cent.&nbsp;There were 15 cranes removed from projects in Brisbane, Kangaroo Point, <a href="https://www.urban.com.au/new-apartments/new-farm-qld">New Farm</a>, <a href="https://www.urban.com.au/new-apartments/south-brisbane-qld">South Brisbane</a>, <a href="https://www.urban.com.au/new-apartments/west-end-qld">West End</a>, and <a href="https://www.urban.com.au/new-apartments/woolloongabba-qld">Woolloongabba</a>.

The <a href="https://www.urban.com.au/new-apartments/queen-s-wharf-residences-23-margaret-street-brisbane">Queen’s Wharf</a> project, previously a major contributor to Brisbane's crane count, saw five cranes removed, leaving four left&nbsp;on site as the project approaches completion.

Activity in Brisbane’s east saw an increase of six cranes to bring the region’s total to seven cranes. This total equals the previous high count of seven cranes in Q1 2021. Only one was a build-to-sell residential project,&nbsp;<a href="https://www.urban.com.au/developers/gardner-vaughan-group">Gardner Vaughan's</a> <a href="https://www.urban.com.au/new-apartments/stones-corner-qld">Stones Corner</a> project <a href="https://www.urban.com.au/new-apartments/stonebrook-stones-corner-10-flora-street-stones-corner">Stonebrook</a>.

[smartcode_project:default project_id=114094 project_image_fid=246997]

Brisbane North saw a significant fall in residential crane numbers, down from 12 to six, as cranes were removed from the completed <a href="https://www.urban.com.au/new-apartments/canvas-bulimba-30-love-street-bulimba-qld-4171">Canvas Bulimba</a> by <a href="https://www.urban.com.au/developers/graya">Graya</a> and <a href="https://www.urban.com.au/buildings/bide-newstead-21-longland-street-newstead">Bide Newstead</a> by <a href="https://www.urban.com.au/developers/dibcorp-properties">Dibcorp</a>, as well as three from Mirvac's Quay tower in Newstead.

There were numerous cranes added to Brisbane West's residential count, with <a href="https://www.urban.com.au/developers/consolidated-properties">Consolidated Properties</a>' <a href="https://www.urban.com.au/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>&nbsp;in <a href="https://www.urban.com.au/new-apartments/toowong-qld">Toowong</a> adding a crane, as well as <a href="https://www.urban.com.au/new-apartments/the-audrey-109-clarence-road-indooroopilly">The Audrey</a> in <a href="https://www.urban.com.au/new-apartments/indooroopilly-qld">Indooroopilly</a>.

Brisbane's residential cranes account for 44 per cent of all cranes in Brisbane.&nbsp;This proportion is lower than in <a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a> and <a href="https://www.urban.com.au/developments/sydney-nsw">Sydney</a>, where residential cranes represent 55 per cent and 64 per cent of all cranes, respectively.

Brisbane's residential cranes account for 44 per cent of all cranes in Brisbane

Brisbane residential work remains stable: RLB Crane Index Brisbane Q1 2024 

Demolition has started on DD Living's prime North Burleigh site that will pave the way for their luxury $510 million apartment development, Burly Residences.

The two old&nbsp;apartment buildings on the 2024 sqm double site at 264-266 Esplanade will make way the for 25-level glass tower.

<a href="https://www.urban.com.au/new-apartments/burly-residences-264-266-esplanade-north-burleigh">Burly Residences</a>&nbsp;will have 101 apartments starting from $2.2 million for the two-bedroom apartments. The private three-bedroom residences start from $8.8 million, while the single-level, four-bedroom penthouses are priced from $13,608,000.&nbsp;

There are two levels of resort-style amenities including several swimming pools, casual and formal dining, kitchen, bar, private office space, an executive lounge and wellness centre with a gym, steam room, sauna and designated space for yoga, Pilates and Peloton workouts.

[smartcode_project:default project_id=134791 project_image_fid=220106]

DD Living Managing Director David Devine says Burly has been designed in response to the premium beachfront location

“When we secured two neighbouring sites with beach frontage on The Esplanade in North Burleigh, it was apparent to us that Burly required an impeccable landmark design, and we are pleased with the result from <a href="https://www.urban.com.au/architects/koichi-takada-architects">Koichi Takada</a>,"&nbsp;Devine said.

“I am thrilled to see progress on site and eagerly await the milestones as it is transformed into Burly Residences over the coming years. Burly has been designed in response to the premium beachfront location - a coastal glamour that is carried through to the interiors with the very best elements of beach living blended into cosmopolitan sophistication and elegance.”&nbsp;

[smartcode_project:default project_id=134791 project_image_fid=220104]

&nbsp;

The sales of Burly Residences are being managed by <a href="https://www.urban.com.au/project-marketer/total-property-group">TOTAL Property Group</a>, who is fielding enquiry from both Australian and international buyers.

The majority of purchasers have come from Queensland (50%), of which half are Gold Coast locals.

Victorian buyers have purchased 23 per cent of apartments sold at Burly, 13 per cent of buyers are from New South Wales, three per cent are from ACT, and 10 per cent have come from overseas.&nbsp;

[smartcode_project:default project_id=134791 project_image_fid=220248]

“Burly Residences offers a level of amenity and apartment quality that is unmatched on the Gold Coast, and savvy buyers are recognising this as a unique opportunity in the sought-after North Burleigh location,” TOTAL Property Group Managing Director Adrian Parsons said.

“The apartments and their residential amenity are beyond anything else currently available on the market in the quieter beachfront area of North Burleigh and prestige property purchasers are responding.

“The six-star amenities DD Living is planning for this residential building are equivalent to a six-star resort hotel in the world’s most premier locations. The amenities and facilities are worldclass offering unparalleled lifestyle for the sophisticated purchaser."

The apartments, with&nbsp;interiors by&nbsp;<a href="https://www.urban.com.au/interior-designers/mim-design">Mim Design</a>, are expected to complete in 2027.

[smartcode_project_cta:default project_id=134791]

The apartments, with interiors by Mim Design, are expected to complete in 2027

Demolition paves the way for DD Living's Burly Residences in North Burleigh

Following the recent completion of its luxury Palm Beach apartment development Cabana Palm Beach, Josh Foote's Ignite Projects has secured its next development site.

They've paid around $7 million for Laurieton House, a 1960s apartment development at 186 Jefferson Lane, up the road from the Palm Beach Surf Club.

They bought the site through GV Property Group's Antonio Mercuri and Luke Reaby, who also sold the 1,600 sqm block to Sydney-based developer Daascon in 2022.

First look exclusive: <a href="https://www.urban.com.au/news/qld/first-look-exclusive-apartment-project-revealed-on-one-of-palm-beachs-biggest-sites">Apartment project revealed on one of Palm Beach's biggest sites</a>

<a href="https://www.urban.com.au/developers/ignite-projects">Ignite</a> will be looking to revise the 14-level plans Daascon had for the site, instead opting for a code assessable nine-level building which Foote says will be similar to Cabana on&nbsp;Nineteenth Avenue.

“No two projects are the same and we define ourselves by our point of difference, as each project is refreshingly original, but there will be similarities to Cabana,” he says.

“We live, surf and socialise in the area and respect the community so our impact is our legacy.”

Ignite sold out Cabana in 2021, within eight weeks of its launch on Boxing Day 2020.

[smartcode_project:default project_id=84861 project_image_fid=142160]

GV Principal Antonio Mercuri says the sale is&nbsp;a great result for the community.

“These older unit blocks like Laurieton House have well and truly had their day, but it’s great to see a local developer see the potential in the property and look to build a project that neighbours would be much happier with.

“I think that comes from just knowing the area. “It certainly helps when the developer lives locally and is raising their own families here - they genuinely want what’s best for the Coast.”

Daascon’s plans for the 14-floor tower on the site were approved by Council but were the subject of an appeal at the time of their decision to sell the property.

Ignite will be looking to revise the 14-level plans Daascon had for the site, instead opting for a code assessable nine-level building which Foote says will be similar to Cabana on Nineteenth Avenue

Joel Robinson

First look exclusive: Ignite Projects line up next luxury Palm Beach apartment development

ASX-listed developer Mirvac has submitted plans for its third and final stage in its $1 billion Newstead waterfront precinct, Sky Waterfront.

Their final tower, following the nearly sold-out Isle and Quay buildings, will be the tallest building in the mini masterplan that also includes the build-to-rent tower LIV Anura. <a href="https://www.urban.com.au/developers/mirvac?referrer=Mirvac">Mirvac</a> is proposing a 27-level tower with 138 apartments.

The apartments will sit above four basement levels that will home 244 car parking spaces and 160 bicycle spaces.

There will be over 3,000 sqm of public open space, as well as 746 sqm of resident space that will include rooftop amenity in the form of&nbsp;a gym, swimming pool, dining area, BBQ facilities, and entertaining spaces. Level two will also home a business centre for residents, catering to the work-from-home lifestyle.

<img alt="Mirvac" data-entity-type="file" data-entity-uuid="fd009e3c-6c58-4663-9303-346b11bfd790" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%2012.50.20%20pm.png?VersionId=YSBjvuAOnG0wJiuyG3c6Yn2BRt.LvWP7" />

The owner-occupier-focussed tower will have just a single one-bed apartment, 85 two-bedders, 42 three-bedroom apartments and 10 apartments with four bedrooms or more.

The development will create a community plaza on the corner of Skyring Terrace and Cunningham Street that will act as the focal point of not only the Sky Precinct but also a destination meeting place for the broader Newstead community.

Mirvac General Manager Residential Queensland, Warwick Bible, said the whole precinct has been designed from the ground up, ensuring the three buildings interact with the surrounding parkland, retail and residential to enhance amenity and connectivity for residents.

“Our vision has always been to create a precinct that acts as a visual gateway to the Teneriffe and New Farm peninsular," Bible said.

"The Civic Square delivered as a part of this proposal on the corner of Cunningham Street and Skyring Terrace will serve as an entrance into the precinct from the west while connecting Gasworks’ retail and Waterfront Park."

Mirvac says given&nbsp;Brisbane's highly amenable climate, diverse public open spaces have been thoughtfully designed on the ground level, providing inviting outdoor areas for community gatherings and interaction.&nbsp;

The project will sit on 4,989 sqm across 13 Cunningham Street and 57 Skyring Terrace, around a third of the wider 14,774 sqm site that will home the other two towers that are currently under construction.

<img alt="Mirvac" data-entity-type="file" data-entity-uuid="c4fadd18-bd1c-4b16-ba9a-a0b720ce23fc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%2012.50.59%20pm.png?VersionId=aZ7pREV9MX7OpagpTuiJ7Q6SmUMiZCZT" />

Mirvac Design said in the documents submitted to the Brisbane City Council the vision for stage three is&nbsp;to complete the family of biophillic buildings by creating a precinct identity and a sense of place.

They said the design shares a language of organic forms and planted green façades with the previous stages but does so in a way that gives it a unique identity.&nbsp;

"The planting strategy differs from stage one and two, a crucial element in establishing a distinct identity for this building. The treatment of the balustrade for the proposed form directly corresponds to the varied placement of planters on each floor. The balustrade sweeps around the planters, generating an undulating pattern of greenery on the façade."'

<img alt="Mirvac" data-entity-type="file" data-entity-uuid="417853c3-2493-4fb7-85d4-99ead36a753f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%2012.50.28%20pm.png?VersionId=QTVs8Y5XwBr2VOy4iXIDCqIagbrlh7Mn" />

Urbis said the proposal for Sky Stage 3 is aligned with the intent of key city strategies, with the greatest reference to Brisbane's Sustainable Growth Strategy.

"Sky Stage 3 offers inner city living at its best, being located across the road from the services and retail of Gasworks shopping centre, within 200m of the Riverwalk, directly on Skyring Terrace which is serviced by the CityGlider bus services and on the Waterfront Park," Urbis noted in the submission documents.

"With delivered experience in design excellence, the proposition by Mirvac is aligned to the future 'brand Brisbane'. With a design for the tower embodying Buildings that Breathe principles and a conscious effort to integrate a high Green factor score, the design proposal will contribute greatly to the skyline of Newstead."

Based on Newstead’s population forecast, the suburb needs an additional 5,800 dwellings by 2041.

Bible said the proposed building would provide much-needed housing to the undersupplied Brisbane market, Australia’s fastest-growing capital city.

“The Queensland Government’s population projections indicate the city will continue to grow by more than 14,000 people each year, with about a third of those to reside in Brisbane’s inner suburbs, making new projects such as this one essential to keeping pace.

“We’ve worked hard to deliver a mix of apartments at Waterfront Newstead to suit a diverse array of residents, from luxury apartments to our build-to-rent project, where 25 per cent of apartments will be key worker affordable housing, offered at a discount to market rent.”

Urbis said the proposal for Sky Stage 3 is aligned with the intent of key city strategies, with the greatest reference to Brisbane's Sustainable Growth Strategy.

Mirvac files plans for final stage of Sky Waterfront, Newstead precinct

Brisbane developer Shayher Group has revealed the first stage of its highly anticipated Bulimba Barracks masterplan.

<a href="https://www.urban.com.au/developers/shayher-group">Shayher</a> secured the <a href="https://www.urban.com.au/new-apartments/bulimba-barracks-stage-1-167-apollo-road-bulimba">Bulimba Barracks</a> in 2020, buying it from the Department of Defence who had owned it since 2015 when the Commonwealth government disposed of the site as a defence asset.

Since 2020 the majority of the buildings that were part of the barracks from World War II to the 1980s have been demolished. The only building that has been retained is the fabrication workshop which was a barge building shop in World War II.

That will form one of three buildings for the <a href="https://www.urban.com.au/new-apartments/bulimba-barracks-stage-1-167-apollo-road-bulimba">first stage of the redevelopment</a> of the 20.73-hectare site. Shayher is first focusing on a 6,382 sqm block fronting Apollo Road in the northwest corner of the site. They're planning two low-rise apartment buildings with 69 apartments, separated by a laneway from the fabrication workshop which will be restored.

<img alt="Bulimba Barracks" data-entity-type="file" data-entity-uuid="20c132a1-f7e0-4120-9d19-c594aa89f9e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%209.44.29%20am.png?VersionId=28UWuHHWpkdbXnno5yIT333N4LdhYD9a" />

The fabrication workshop will home a display suite during the market and construction phase of the development, before being converted into a food and beverage hospitality venue with a cafe and outdoor dining next to the Brisbane River.

Shayher had Buchan Group put together the plans for the two three-level buildings. While not having to bow to strict heritage rules given the former factories on the block had been torn down, there was the consciousness that the buildings be located, designed and constructed to reflect the footprint, overall bulk, and scale of the WWII buildings.

The 69 apartments will be split across two buildings that will be divided by a central community garden, complete with a 13-metre resident swimming pool, activities lawn, sauna, outdoor dining cabana and cabana lounges. Each building will have a rooftop garden with golf-putting greens and open lawn spaces for yoga and lawn bowls. One rooftop will have a reduced-size pickleball court.

<img alt="Bulimba Barracks" data-entity-type="file" data-entity-uuid="935d39ed-5b74-4d3a-a28b-7e5a90bdede2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%209.44.43%20am.png?VersionId=tDMrv1X818lMTsOsN1qaM7fWw7ViUAbW" />

There will be 10 one-bedroom apartments on offer, 38 two-beds and 21 three-bedroom units. They will sit above 180 basement parking spaces.

Buchan Group said in their Urban Context Report the <a href="https://www.urban.com.au/new-apartments/bulimba-qld">Bulimba</a> Barracks represents an eastern gateway to the river’s edge and symbolises the continuing evolution of Brisbane’s inner city.

"The intent is to start creating a new neighbourhood as envisioned in the Masterplan approved in 2022, which seamlessly integrates with adjoining neighbourhoods and surrounding residential areas providing new opportunities for connectivity and access to the riverfront," the architecture firm said.

<img alt="Bulimba Barracks" data-entity-type="file" data-entity-uuid="9753bc6e-8a40-4372-9ce9-407b046c5240" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%2010.18.50%20am.png?VersionId=Z_GE9Amz0oTdce6ntn6U5867g5Enuso2" />

They said the development&nbsp;offers an exciting opportunity for the renewal of an underutilised site and activation to the surrounding area.

"The focus for the development will be on providing a new offering to the local area. The fabrication workshop will be retained and adapted to create a new community heart that will provide a strong visual identity for the neighbourhood and new neighbourhood centre."

Development of the site is set to occur over the next five to 10 years, broadly following the masterplan layout in the Bulimba District Neighbourhood Plan.

Shayher has experience delivering multi-stage developments in Brisbane. They've previously created the $1 billion mixed-use precinct, Brisbane Quarter on George Street. That features three towers, a mix of residential and commercial next door to Brisbane Square and behind Brisbane City Hall.

Development of the site is set to occur over the next five to 10 years, broadly following the masterplan layout in the Bulimba District Neighbourhood Plan.



First look exclusive: Shayher Group file for first stage of Bulimba Barracks

Brisbane's unit growth over April was so strong that it doubled the growth in its house market, which in itself was the third best performing capital city house market in the country.

CoreLogic's Home Value Index showed unit values in the Queensland capital jumped another 1.6 per cent, compared to the 0.8 per cent growth in houses.

It was a fourth straight month of one per cent plus gains in the unit market, which is now up 6.2 per cent over&nbsp;2024, the second best performing capital city unit market only behind Perth (8.2 per cent).

The median value for units in Brisbane has now risen over $600,000 for the first time and is closing the gap on Melbourne's median unit value ($613,000).

<h2>What happened in Brisbane's off the plan apartment market in April?</h2>

The biggest news in the off the plan apartment market in Brisbane came from the riverfront where the two-level penthouse atop <a href="https://www.urban.com.au/new-apartments/sorano-house-kangaroo-point-12-hamilton-street-kangaroo-point">Sorano House</a>&nbsp;in&nbsp;<a href="https://www.urban.com.au/developments/kangaroo-point-qld">Kangaroo Point</a>&nbsp;sold for $14 million, setting a price per square metre record

The sale, to a local, reflected an internal price per sqm of over $45,000, bettering the former record at&nbsp;<a href="https://www.urban.com.au/new-apartments/moray-house-65-moray-street-new-farm">Moray House</a>&nbsp;by&nbsp;<a href="https://www.urban.com.au/developers/spyre-group">Spyre Group</a>&nbsp;in&nbsp;<a href="https://www.urban.com.au/new-apartments/new-farm-qld">New Farm</a>, which set the record at $35,000 per sqm late last year.

The penthouse, with 311 sqm of internal living space, a 39 sqm balcony and a 333 sqm rooftop, is one of just seven apartments in the Hamilton Street development by&nbsp;<a href="https://www.urban.com.au/developers/trezetto-developments">Trezetto Development</a>.

[smartcode_project:default project_id=6206 project_image_fid=231550]

There was more news from the affluent riverside suburb in April with&nbsp;<a href="https://www.urban.com.au/news/pikos-property-group-changes-to-kangaroo-point-maroochydore-employment-hub-of-the-sunshine-coast" target="">Pikos Group</a>&nbsp;securing approval for their latest instalment of apartments in Kangaroo Point.

Having launched Skye Residences late last year, Pikos has been given the green light for&nbsp;Gaia, two 15-level buildings&nbsp;designed by&nbsp;<a href="https://www.urban.com.au/architects/dko-architecture">DKO Architecture</a> at&nbsp;<a href="https://www.urban.com.au/new-apartments/108-lambert-street-kangaroo-point">108 Lambert Street</a>&nbsp;which will home 215 apartments and a full acre of inner-city parklands in the process.

<img alt="Pikos Group secures approval for Gaia Kangaroo Point apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Gaia_0.png?VersionId=4s4TxYvYiVdAXS.zvdzYcdPMrzQRA2z6" />

<a href="https://www.urban.com.au/news/pikos-property-group-changes-to-kangaroo-point-maroochydore-employment-hub-of-the-sunshine-coast" target="">Pikos Group</a>&nbsp;founder and Executive Director Pedro&nbsp;<a href="https://www.urban.com.au/developers/pikos" target="">Pikos</a>&nbsp;said the vision for Gaia has been a decade in the making and follows the amalgamation of eight individual lots to create 5,284 sqm of pure river frontage.&nbsp;

Read more: <a href="https://www.urban.com.au/news/qld/pikos-group-secures-approval-for-gaia-kangaroo-point-apartments">Pikos Group secures approval for Gaia Kangaroo Point apartments</a>

Prominent developer Aria is making further moves in Kangaroo Point, securing the site next to their approved <a href="https://www.urban.com.au/new-apartments/canopy-house-by-aria-58-62-leopard-street-kangaroo-point">Canopy House</a> project which has allowed them to go back to the drawing board and make the project bigger.<img alt="First look: Aria bulk up Canopy House in Kangaroo Point by buying next door" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-16%20at%208.29.27%20pm.png?VersionId=EcbkV1.4aU3qa_g5kxyNXsrkqKpgJOuZ" />

They're trying to bulk up the development, now across 2,300 sqm at 50-62 Leopard Street, proposing to add a further four levels to the 29-level tower by <a href="https://www.urban.com.au/architects/rothelowman" target="">Rothelowman</a>. That will see it add a further 60 apartments, taking it from 136 units to 196.

Read more: <a href="https://www.urban.com.au/news/qld/first-look-aria-bulk-up-canopy-house-in-kangaroo-point-by-buying-next-door">First look: Aria bulk up Canopy House in Kangaroo Point by buying next door</a>

Brisbane townhouse developer <a href="https://www.urban.com.au/developers/tocu-properties">Tocu Properties</a> is too looking central with their first apartment tower.

They've looked to&nbsp;<a href="https://www.urban.com.au/developments/west-end-qld">West End</a> where they've had&nbsp;<a href="https://www.urban.com.au/architects/woods-bagot">Woods Bagot</a>&nbsp;draw up plans for a seven-level apartment development on a six-lot amalgamation, one of the last remaining infill development sites.

<img alt="First look: Tocu Properties file West End apartment plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-08%20at%202.55.00%20pm.png?VersionId=kmmVDJLDjORu2KAAqTiHkM1FwIhGBEPp" />

The proposal is for 42 two and three-bedroom apartments, 30 of which will have an additional multi-purpose room.

Read more: <a href="https://www.urban.com.au/news/qld/first-look-tocu-properties-file-west-end-apartment-plans">First look: Tocu Properties file West End apartment plans</a>

The Gold Coast-based architecture firm&nbsp;<a href="https://www.urban.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>&nbsp;is continuing to add its striking design eye to Brisbane.

Having submitted&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-architectural-apartments-set-for-st-lucia">plans for Vista in St Lucia late last year</a>&nbsp;for five striking apartments,&nbsp;Contreras Earl Architecture has put together a design for Victa's next project in the neighbouring&nbsp;<a href="https://www.urban.com.au/new-apartments/taringa-qld">Taringa</a>.

The project, dubbed La Flor at 128-130 Swann Road will replace two single-level houses on 1,042 sqm.

<img alt="First look: Contreras Earl pen new Taringa apartment project, La Flor" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-22%20at%208.32.15%20pm.png?VersionId=axXVW32r_DyNT1ZFLyGBSZCj1l6xzUZj" />

La Flor draws inspiration from nature, with its design metaphorically likened to the unfolding petals of a flower and translates into an architectural interplay between openness and enclosure.&nbsp;

The six-level building will have eight three-bedroom apartments and a four-bedroom penthouse with a private rooftop. The rest of the rooftop is reserved for resident amenities, comprising a resort-style pool, a sauna, extensive seating, barbecue spaces and sun lounges.

Read more: <a href="https://www.urban.com.au/news/qld/first-look-contreras-earl-pen-new-taringa-apartment-project-la-flor">First look: Contreras Earl pen new Taringa apartment project, La Flor</a>

Another interesting development application came in from the Melbourbe-based&nbsp;diversified investment group and property developer <a href="https://www.urban.com.au/developers/salter-brothers">Salter Brothers</a>.

Salter Brothers, who own and operate a handful of retreats across the Gold Coast and outer Brisbane through their Spicers Retreats brand which they acquired in late 2022, is seeking&nbsp;to demolish the Mercure Brisbane Garden City Hotel in&nbsp;<a href="https://www.urban.com.au/new-apartments/upper-mount-gravatt-qld" target="">Upper Mount Gravatt</a>&nbsp;and develop a new 17-level apartment building at 18 Macgregor Street.

<img alt="First look exclusive: Salter Brothers plot new Brisbane apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-04-23%20at%201.23.47%20pm_0.png?VersionId=LH.BweyVRU7hUcA4BfOYHT5O630PJLYQ" />

They've had&nbsp;<a href="https://www.urban.com.au/architects/bates-smart" target="">Bates Smart</a>, who has worked more in Sydney and Melbourne since it was founded in the mid-1850s, create the plans for the mixed-use building that will have 101 apartments above a four-level podium. That will home a 90-space childcare centre and parking for 107 cars.

The debut project will rise on a 5,356 sqm site ideally located a five-minute walk from Garden City Westfield, one of Brisbane's largest shopping centres.

Read more: <a href="https://www.urban.com.au/news/qld/first-look-exclusive-salter-brothers-plot-new-brisbane-apartments">First look exclusive: Salter Brothers plot new Brisbane apartments</a>

The biggest news in the off the plan apartment market in Brisbane came from the riverfront where the two-level penthouse atop Sorano House in Kangaroo Point sold for a record $14 million

City Beat May 2024: Brisbane unit growth doubles houses in April

The owners of Labrador's&nbsp;Golden Shores Holiday Club have secured development approval to redevelop their Marine Parade resort.

They'll be creating a 25-level tower at&nbsp;<a href="https://www.urban.com.au/new-apartments/210-marine-parade-labrador">210 Marine Parade</a>&nbsp;that will home 85 apartments.

<img alt="First look: Golden Shores Holiday Club to become new apartment tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202023-05-24%20at%208.57.10%20am.png?VersionId=NCdG1Wj0.OsZFiVweU4mPbsv1srIGhXT" />

The development will comprise 49 two-bedroom units, 14 of which will feature a multi-purpose room, and 35 three-bedroom apartments, offering frontage to the Broadwater and adjacent public open space.

A full-floor penthouse spanning 458 sqm with five bedrooms, each with an ensuite and walk-in wardrobe, is also part of the development plan.

<img alt="First look: Golden Shores Holiday Club to become new apartment tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-24%20at%208.57.21%20am.png?VersionId=wZ255HCrEno_MVJwHFHQV59BuFLjC2S_" />

The approval aligns with the broader regional plan for the Gold Coast, which targets an annual supply of 4,010 new high-rise units aiming to address the ongoing demand-supply imbalance.

Designed by <a href="https://www.urban.com.au/architects/bda-architecture">BDA Architecture</a>, all apartments will have glimpses towards <a href="https://www.urban.com.au/developments/broadwater-qld">Broadwater</a> because of the tower's slender form. The building fans out towards the rear, which allows even the apartments at the back of the building to take in water views.&nbsp;

<img alt="First look: Golden Shores Holiday Club to become new apartment tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-24%20at%208.57.39%20am.png?VersionId=omXg3cnQ8YSGmeJDZO1uNzEXFpArCU7b" />

On the roof will be a swimming pool and lounge areas with kitchenettes, while the 24th level will home a gym.

While primarily geared towards permanent residential occupancy, the development includes provisions for short-term accommodation so future apartment owners can rent their apartments as a holiday let.

While primarily geared towards permanent residential occupancy, the development includes provisions for short-term accommodation so future apartment owners can rent their apartments as a holiday let

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