Consolidated Properties Group has unveiled new plans for a $520m project. The luxury project will sit on a highly coveted riverfront address, only 3.5km from Brisbane CBD and is set to appeal to a broad range of buyers from local downsizers to ex-pats returning to the Sunshine State.
The project will be known as Monarch with the DA outlining plans for three residential buildings up to 15-storeys with the heritage-registered Middenbury House to be retained as a key element. The development is being designed by AIA Gold Medal award-winning John Wardle Architects and will be constructed by Hutchinson Builders.
Don O’Rorke, Chairman of Consolidated Properties Group, says the 292-unit complex will feature extensive views toward the city, wide 100m river frontage, and access to the nearby University of Queensland and Toowong’s shopping precincts.
“There’s a lot of demand for apartments in the inner west, which has been unsatisfied for years. There’s a lot of downsizers in Toowong, and buyers will also hail from St Lucia, and then all the way down to Pullenvale and Brookfield,” he explains.
James MacGinley, Head of Residential at Consolidated Properties Group, comments that the expectation is that one tower site will be reserved for the construction of the Toowong-West End Green Bridge. “The council previously identified the site as one of its three preferred locations for the bridge, which is expected to be built at the end of 2023,” he says.
“We are working closely with the Brisbane City Council’s green bridges team to maximise the use of open public space while producing a world-class outcome for the precinct at the same time.”
“The bridge is a big win for cyclists and pedestrians and will be a key linkage to Monarch, which will also include a dedicated pedestrian walkway and a separate dedicated cycle path connecting Coronation Drive through to Archer Street.”
“The plans not only allow for 15-storey buildings that meet Brisbane City Council’s City Plan, but more importantly, the John Wardle design reflects quintessential Queensland living while paying homage to the past.”
James MacGinley, Consolidated Properties Group
Monarch will offer a selection of one, two, three and four-bedroom apartments, skyhomes, and villas to be priced from $550,000 through to +$7m for the penthouses. It will also feature 12,500sqm of landscaped gardens - 3,000sqm of which will be public parklands and pathways connected to the riverfront. “The oversized apartments have been carefully designed to celebrate the front-row river views both north and south. They range from the affordable through to the luxury but are all uncompromising in their layout and liveability,” says James.
“This site has been spoken about for many years in terms of its development potential; now it is going to happen, it is by far the best site, with its north-facing views over the city towards the river.”
Don O’Rorke, Consolidated Properties Group
James adds, “There is no better-connected site in Brisbane than 600 Coronation Drive, which has rail, bus, ferry, pedestrian and cycleway linkages as well as a proposed green bridge at its footstep.”
Consolidated Properties Group filed the development application last week. If approved, construction is expected to start in the second half of next year and will be completed within 24 months. The group’s recent projects include the Australian Architectural Award-winning Spire Residences and the exceptionally sustainable Yeerongpilly Green Riverside precinct.