DA approved riverfront Toowong site will be home to CPG’s $375 million Monarch Residences

Market Insights
1 year ago
3 minutes

A development-approved $375 million project is set to occupy the enviable riverfront address of 600 Coronation Drive, Toowong.

The prominent private Brisbane developer, Consolidated Properties Group, in joint venture with Qualitas Real Estate Opportunity Fund 2, will develop the highly-anticipated Monarch Residences on the site.

Comprising two 15-storey towers, Monarch Residences will be situated amongst three acres of verdant riverfront gardens and approximately 130 metres of absolute river frontage.

The two residential towers will boast 233 luxury apartments comprising one, two, three, and four bedroom skyhomes, river villas, and penthouses. Set to launch to market in the Spring of this year, prices start at $550,000 for one-bedroom apartments ranging to over $8 million for penthouses.

Don O’Rorke, Chairman of Consolidated Properties Group, says that Monarch Residences will become the signature address in Brisbane’s inner west.

“Monarch Residences will set a new standard in apartment living in Toowong with its premium location and unsurpassed quality and style,” O’Rorke says. “Monarch Residences is an outstanding offer and will be unique for the area with its extensive
gardens which run to the river’s edge. It will become renowned in the local area, and we look forward to working with Hutchinson Builders to get it started.”

Monarch Residences will overlook the Brisbane River. Image courtesy of Consolidated Properties Group.

AIA Gold Medal Award-winning architect John Wardle Architects (JWA), with support from Brisbane-based architects Cottee Parker Associates, have designed Monarch Residences to reflect the epitome of luxury apartment living. These apartments will combine the expansiveness of a riverside home with the ease of inner-city living. To further maximise its desirable riverside address, apartments at Monarch Residences will boast exquisite views of the Brisbane River all the way to Brisbane city.

The promise of a premium residential development in the coveted Toowong suburb has garnered over 300 registrations of interest for the upcoming sales launch in the spring.

James MacGinley, Head of Residential at Consolidated Properties Group, says that “Of the people who have registered interest so far, 85% have been local Brisbane residents. Sitting riverfront in one of Brisbane’s most sought after suburbs, Monarch Residences places you right in the heart of Brisbane’s best. It’s easy to see why there has been an overwhelming demand from locals who have been seeking a unique location to live and enjoy the views and lifestyle.”

The DA approved site is rich in history, with the Heritage-listed Middenbury House sharing the address. Upon the arrival of Monarch Residences, the local Toowong community will see a significant lift as the development approval includes the restoration of Middenbury House, a new riverfront park, and an extension of the Bicentennial Bikeway.

While the DA also allows for a third Monarch Residences tower to be built, plans will continue with two towers to allow for the forthcoming Toowong to West End Green Bridge project.

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Header image of Monarch Residences courtesy of Consolidated Properties Group.