Developer Keylin Group has lodged plans with Brisbane City Council for a $75 million residential development in Brisbane middle ring suburb Upper Mount Gravatt.
The subject site, located at 22-40 Dawson Road, comprises 10 lots on a 4860sq m parcel of land.
The proposal, designed by architect Group GSA, is grouped into three separate buildings along Dawson Road, stepping down in height from seven, six and five levels.
Keylin Group’s Louis Cheung said the group is a big believer of Brisbane’s growth in the middle ring.
The developer says the project is planned in a thriving precinct with a “record growth rate and a high rental demand and yield”.
The development will comprise a total of 138 units offering a mixture of one, two and three bedroom apartments, with the project itself split across two stages.
Historically, Cheung says the trend in development for the area has catered towards the investor market.
“The design of this project focuses more on the owner occupier market, with a large portion offering three bedroom apartments,” Cheung told The Urban Developer.
"One of the key components for the development is car parking and ample storage areas. More than 50 per cent of our two bedroom apartments have two car parks, a point of difference to your typical offering.”
“Throughout the design process we have referenced the New World City Design Guide: Buildings That Breath document and where possible integrated philosophies and key elements into the design,” GSA said in their design statement.
The precinct is close to existing infrastructure such as Griffith University, QEII Jubilee Hospital and Brisbane Technology Park and has proximity to public transport, the M1 and the proposed Brisbane Metro which is set to benefit the area.
The Mount Gravatt area is considered a key economic hub roughly 15 minutes from Brisbane’s CBD, with estimates it will deliver more than 10,000 jobs by 2031.
Other nearby developments include an eight-storey residential building by Brisbane-based developer Opalyn Property Group, which will comprise 67 apartments.