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Fortis wins DA approval for $110m Kangaroo Point apartment project

Market Insights
7 months ago
3 minutes

Sydney-based property developer Fortis has recently secured development approval from the Brisbane City Council for its new luxury apartment development, River House in Kangaroo Point – the developer’s first Brisbane project.

Construction is set to commence in the second quarter of 2024 on the 44 O’Connell Street site, boasting over 20 metres of absolute Brisbane River frontage.

The $110 million project will comprise 14 whole-floor three-bedroom apartments with an exquisitely designed two-level penthouse. Each boutique residence will showcase an exclusive north-east aspect, offering uninterrupted northeast views of the renowned Story Bridge and to the north.

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Each of River House’s 14 residences has been elegantly designed and boasts breathtaking Brisbane views.

Speaking on its design, Danny Juric, Director of Plus Architecture – the architects behind River House’s design, elegantly describes it as “A site with profound historic and environmental significance.

“Our design, a slender tower with a curved sculptural form, seeks to exude elegance and establish a harmonious connection with its surroundings.

Imbued with understated luxury, the design has residents’ comfort, privacy, but also connection, with both one another and the river, at its heart.”

The landmark project has also been collectively creditable to Mim Design as the interior architects and Brisbane's local landscape design practice, Lat Studios.

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Relax poolside at River House’s river-facing infinity-edged pool.

Residents will value the extensive resident wellness facilities, which include a stunning infinity-edge pool, sauna, steam room, gym, as well as generous gardens that step down to the river’s edge. Ideal for socialising, the development also offers a communal lawn and a private pontoon.

Dan Boman, Associate Director, Fortis, expressed the company’s enthusiasm, stating, “Fortis has always had its sights set on Australia’s Sunshine State.

“Kangaroo Point stood out as the perfect site for our inaugural Brisbane project, representing the city’s finest.

“In collaboration with Mim Design and Plus Architecture, River House presents fourteen exceptional full-floor residences.

“These homes offer the first north-east aspect in over a decade, ensuring uninterrupted riverfront views.

“We are thrilled to be bringing the same level of quality and reputation synonymous with our Sydney Eastern Suburbs projects to this remarkable destination.”

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Panoramic views of Brisbane’s best can be enjoyed throughout the home at River House.

Viewing the development's potential, Boman added, “With an expected end value of $110 million, we envisage that the project will be celebrated for its contribution to the iconic Brisbane riverfront and local surrounds.”

Simon Caulfield, Director of Place Kangaroo Point, shared similar sentiments on the project's appeal. He said, “We have received significant early interest in this development from a range of buyer segments including downsizers and young families, signifying that the top-end of the market in Brisbane remains strong.

“With Fortis’ proven track record, we anticipate that the launch of their maiden Queensland project will be no exception when it comes to achieving outstanding results.”

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River House will be an entertainer’s dream, complete with a riverfront garden.

The River House site sits just 800 metres east of the Brisbane CBD and enjoys close proximity to the iconic Story Bridge, the Kangaroo Point Cliffs, and adjoining parklands, supplemented by riverside access.

A much-anticipated $190 million Green Bridge project is now under construction by the Brisbane City Council. It will directly connect Kangaroo Point to the CBD and sits just one kilometre from River House.

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