A Melbourne-based private development company has entered the Brisbane market with a bang by submitting plans for a $600 million mega-project in Fortitude Valley.
The proposed high-rise trilogy includes two residential towers comprising more than 700 apartments as well as a 100-room hotel.
The building at the apex of the cone shaped site has drawn many similarities to New York’s Flatiron Building.
“I went to New York and London to study how they live and I want to take this project to the next level. The scale of this site will offer a lot of amenities. We will have a pool bar, karaoke bar and outdoor cinema.”
Known as “FV“, the project has been designed by Melbourne architect
Elenberg Fraser together with
“I am confident about Brisbane. Western Australia I couldn’t get my head around, Sydney was too hot and Melbourne hasn’t seen the yield you get in Brisbane for 15 years,” the BRW Young Rich Lister said.
“I am aiming for the 24- to 40-year-old demographic,” he said, “That demographic accounts for 76 per cent of Fortitude Valley.”
The second stage consists of approximately 400 apartments, while the third stage consists of a 100 room hotel. All three buildings sit atop an integrated retail and commercial podium.
The development application was made to Brisbane City Council earlier this month and it is yet to be approved.
The project is expected to be delivered over the next 5-7 years.