Luxury-focused developer, Crown Group, has announced plans to launch its West End residential project in late 2020, in order to coincide with the anticipated completion of the Queen’s Wharf redevelopment.
The West End development will be Crown Group’s first premium apartment project in Queensland.
Crown Group Chief Operating Officer, Pierre Abrahamse, explained that the project’s revised timeline would allow for demand in the Brisbane market to catch up with supply, while allowing for current West End tenant Queensland Ballet to move into its redeveloped headquarters at the Thomas Dixon Centre in nearby Montague Road.
The latest findings from economic forecaster, BIS Oxford Economics, anticipate Brisbane’s median house price could rise by 20 per cent over the three years to June 2022, and unit prices to grow 14 per cent.
“Brisbane is showing the healthiest growth of any of the major markets in Australia, and given that construction has started on the Queens Wharf project, bringing billions of dollars’ worth of construction and thousands of jobs, we see a very bright future for the residential market in the city,” Mr Abrahamse confirmed.
Designed by renowned architectural firm, Francis-Jones Morehen Thorp (fjmt), the development aims to create a living garden lifestyle for its residents that brings alive its picturesque riverfront setting and Brisbane’s glorious climate.
Amendments to the development’s initial design will now see four 12-storey structures built over a common podium, allowing more landscaped walkways that connect with the riverfront public land. The new design also includes 4200 square metres of communal open space.
Architect Richard Francis-Jones said the design would offer a unique riverfront garden lifestyle and an intimacy with the natural landscape.
“The design has an organic style of architecture that is riverside-inspired,” he said.
“There will be plenty of shared garden areas and private terraces. The residential towers are tall and slender forms that rise and bring to life the views – the natural river landscape, the lagoons and pools, river gums and tropical plant life.”
The project will see 455 spacious and modern luxury apartments built on 1.25 hecatres of prime waterfront land at 117 Victoria Street in the rapidly redeveloping suburb of West End, featuring a mix of studio, one, two and three-bedroom apartments, in addition to four-bedroom penthouses.
Residents and guests are also sure to relish Crown Group’s signature resort-style facilities on-site including a 25-metre pool, cabana and poolside lounges, barbecue facilities, gym and plenty of breakout spaces for yoga and relaxation.