Artist's impression of the 44-100 Barry Parade development in Brisbane's Fortitude Valley.
The $400 million Fortitude Valley glass towers development has been granted the go ahead by the Brisbane City Council adding to the number of new projects rising in the inner city Brisbane area.
The site at 44-100 Barry Parade currently home to a number of businesses will be developed into two 25-story towers comprising of almost 600 residential apartments and 900-square meters of prime retail space.
The development is just one of many large scale buildings to be approved this year with the new Tatts Group headquarters set to be approved in the neighbouring Riverside precinct later this week.
Urban Construct's Managing Director Todd Brown believes the new glass towers will capitalise on the growing demand for the inner city location while helping to revitalise the local area.
"Urban Construct has rapidly built Brisbane's largest multi-density residential property pipeline, comprising some 4,500 apartments and more than 1,500 townhouses in prime locations including Newstead, South Brisbane, Toowong, West End and Woolloongabba," Mr Brown said.
"This latest development demonstrates our commitment to South East Queensland, with a focus on architectural build quality excellence in development outstanding places for people to live and work," he said.
Developer Urban Construct has a number of inner city developments in the works including Vulture & Tribune (South Brisbane), Ella & Chester (Newstead) and Vulture Street (South Brisbane).