Brisbane City Council has given the green light to a $325 million luxury five-star hotel and apartment tower which will see the renaissance of a landmark site in the heart of the CBD.
Developer Mary 111 Pty Ltd, associated with local businessman Sam Chong, will fuse a five-star international hotel with executive residences in a format popular around the world but not seen before in Brisbane.
The approval is for 286 hotel rooms and 167 residences, however the developer has since lodged an amendment which will retain the current building form but bring the number of residences to 184.
The developer will retain control of the building’s 400sqm retail element which will include a café, restaurants and bar.
Development manager Ian Pert, of GMP Management, said Mary Lane was a unique offering in the Australian market by incorporating an executive residential offering atop a five-star hotel.
“The combination of a five-star hotel, luxury residences and dining precinct is popular in cities such as Singapore, Hong Kong and New York but until now has not been seen in Australia on this scale,” he said.