First look: Pikos redesigns Kangaroo Point apartment development, creating one acre of inner-city parkland
Fresh off the back of relaunching its luxury Kangaroo Point apartment developer Skye Residences, Brisbane developer Pikos Group is preparing to re-work its other project in the in demand riverside suburb.
They've applied to redesigned their Lambert Street, Kangaroo Point project, creating a full acre of inner-city parklands in the process while also improving building efficiency, river views, and community amenity.
The 5,284 sqm site is now being earmarked for two 15-level towers with 214 one, two and three-bedroom apartments stretching between the Brisbane River and Lambert and O’Connell Streets.
“After working closely for several months with key consultants, Brisbane City Council, and builder partners to understand delivery costs and timeframes for the current development, we have decided to progress a redesign of the project,” Pikos Group Managing Director Pedro Pikos said.
“Pikos Group is now proposing to redevelop the site into a private riverside community-focused enclave that celebrates socially-conscious living, centred around over 4,000 sqm leisure inspired naturescape that will transcend inner urban living.
“With over an acre of terraced landscaping, it will be the largest private riverside park in Brisbane."
Pikos says the new design will consolidate the number of buildings from three to two, allow them to significantly open the ground plane for the delivery of greater privacy, multiple leisure activities and connectivity between the residential galleries, wider neighbourhood and the Brisbane River.
The apartments will be defined by a series of soft curves echoing the Brisbane River and strong overtones of Queensland architecture. They will include a high level of luxury finishes including natural limestone kitchen benches and tiling, V-ZUG appliances, customised engineered timber floors, feature lighting and ducted air-conditioning.
More than 20 nature and leisure zones will incorporate a three-tiered aquatic leisure pool, wellness centre with infrared sauna and heated spa, outdoor lounges, meditation spaces, outdoor kitchens and dining rooms, terraced BBQ areas, outdoor gym, outdoor cinema and dog park.
The development will also include 1077sqm of private rooftop gardens, 384 resident and visitor carparks, 9 EV charging stations and 268 bicycle racks.
Pikos have also undertaken with Brisbane City Council to extend the Riverwalk at the development site to provide pedestrian river promenade connection to the city and the Docklands City Cat Ferry Terminal.
Pikos Group CEO Michelle Wooldridge said the project would redefine luxury riverfront living in Brisbane.
“Pikos Group is committed to developing world class projects in Brisbane’s most iconic locations," Wooldridge said.
"Our newest project continues the tradition, delivering an unrivalled living and leisure experience on the last undeveloped riverfront site in inner-city Brisbane."
Subject to approval, Pikos Group aims to commence construction in 2024 with an estimated completion in mid-2027. The developer is progressing discussions with several builders, with an announcement due in the coming months.
Existing buyers of the formerly named La Storia project will be offered first access to new residences prior to being released to market, with the option of a fully refunded deposit if they choose not to proceed.