One of Brisbane's most famous residential properties is no more as developer Sunland takes the wraps of its latest $45 million project - Shea Residences at St Lucia.
Sunland acquired the opulent Pink Palace mansion in St Lucia last year and with plans for 28 boutique townhouses on the prime 6,300 sqm site. A development application was approved by the Brisbane City Council in February for construction of 28 luxury villas.
“This sensitive planning approach has enabled us to create a series of unique home designs that do not exceed the current parapet of the existing building, ensuring the scale is both appropriate and responsive to the surrounding neighbourhood.
“Furthermore, the proposed design will deliver expansive landscaping to enhance the beauty and privacy of the residences, as well as a unique basement car park design to enable resident parking to be contained within the site, including additional visitor parking.”
Sunland acquired the site for $11.125 million following the death in 2014 of socialite Cindy Fleming from an asthma attack. Ms Fleming purchased the property for $7 million from internet porn king Greg Lasarado.
The home was originally developed by Brisbane builder Noel Kratzmann over 14 prime residential blocks, taking six years to complete. Mr Kratzmann died in 1989 just before it was completed.