The private developer has lodged a DA for two, 25-storey towers comprising 592 apartments and a three-storey comprising 900 square metres of retail space at 40-100 Barry Parade, Fortitude Valley with a total gross floor area of 72,117 square metres.
Urban Construct’s Managing Director, Todd Brown
, said the unique development would be another standout in Brisbane’s largest multi-density residential property pipeline, with the new towers set to capitalise on growing demand for the near-city location while helping revitalise an important public area.
The development will feature urban common spaces, resident sky lobbies and roof-top recreation areas including an infinity pool and city sky viewing platform.
Upper level apartments will have exclusive winter garden terraces which can be enclosed or left open.
Drawing inspiration from innovative designs across Europe, the striking dual glass towers designed by leading architects ML Design, blend traditional materials with oversized glass boxes, creating a modern twist on classic design.
The unique glass box façade will illuminate the valley skyline, while providing natural light and an open atmosphere from the inside.
At street level, the design has been influenced by the Valley’s laneways and urban commons with the sleek polish of the city with double-height retail feature areas.
Urban Construct’s Chairman, Bevan Lynch
, said the new development demonstrated the Valley’s importance in accommodating the expected doubling of Brisbane’s economy over the next 20 years, with a resulting increase in demand for near-city residential and retail space.
“Demand for office, retail, residential and hotel space in the city centre is expected to equate to around 50 new towers by 2034. Commercial precincts such as Fortitude Valley will be vital in accommodating this growth due to their proximity to the CBD, strengthening connections to business and lifestyle precincts,” said Mr Lynch, who also serves as Chair of the Urban Futures Brisbane board and Chair of ML Design.
“Urban Construct estimates Brisbane needs almost 7,000 residential dwellings of a medium-high density nature to be built every year to satisfy demand, compared to the average 1,600 a year delivered since 2006.
Our latest project will help accommodate the city’s growth, in an area enjoying rapid urban transformation,” he added.