Brisbane’s urban landscape has reached a significant milestone as Pikos Group officially commenced construction on its $620 million Gaia Riverfront project.
This ambitious development, set to reshape Kangaroo Point, will comprise two residential towers and an expansive private parkland.
The project will also deliver the inner city’s largest private parkland, featuring more than 20 wellness and leisure zones, marking a new standard for urban living in Brisbane.
With Gaia, Pikos Group solidifies its commitment to Brisbane’s property market, adding to its growing portfolio of riverfront projects. The development’s two-and-a-half-year construction phase will create 695 jobs and inject $110 million into the local economy.
Pikos Group Founder and Executive Director Pedro Pikos, highlighted the strategic vision behind Gaia, which has been in the making for over a decade. The carefully curated 5,300sqm riverfront site will offer a luxurious living experience, seamlessly blending urban convenience with natural beauty.
“Since 2014, we have amalgamated eight individual lots to open up over 5,300sqm of pure river frontage and deliver an unrepeatable opportunity to create high-end apartments and sprawling green spaces that connect with their natural and urban settings,” Mr Pikos stated.
The project’s namesake, Gaia, emphasises sustainability and wellness. The extensive private parkland will feature over 20 recreational areas, providing residents with a serene oasis within the bustling city.
Designed by acclaimed DKO Architecture, Gaia’s two residential towers have been thoughtfully oriented to capture sweeping views of the city and Brisbane River. The high-quality finishes include natural stone, timber flooring, and premium appliances, enhancing the luxury appeal.
Michelle Wooldridge, CEO of Pikos Group, expressed confidence in the company’s ability to deliver large-scale projects, even amidst challenging market conditions. The partnership with the Mastrocostas family, resulting in the formation of M2M Constructions, underscores the collaborative approach required to bring such ambitious developments to life.
“Gaia is the second project we have commenced construction in as many years, and it takes our projects under construction to circa $1 billion,” Ms Wooldridge said. “To break ground on a project of this scale in today’s construction market is a testament to Pikos Group’s experience and trusted partnerships built over 35 years.”
Kangaroo Point’s prime location, offering picturesque river views and easy access to the CBD, is a key drawcard for the project. The upcoming Kangaroo Point Green Bridge will further enhance connectivity, enabling effortless walking access to Brisbane’s city centre while preserving the site’s peaceful atmosphere.
Designed by renowned DKO Architecture, Gaia’s two towers will feature striking designs that maximise natural light and river views. Each apartment will boast high-quality finishes, including natural stone, timber flooring, and premium appliances.
Residents can also access world-class amenities like a state-of-the-art gym, rooftop entertainment areas, and serene outdoor spaces. Additional facilities include a yoga lawn, outdoor cinema, garden workshop, and work-from-home lounge, offering an unmatched level of comfort and convenience for residents.
As construction progresses, Gaia is poised to become a landmark development, shaping the future of Kangaroo Point and setting a new benchmark for luxury living in Brisbane.
Published Date 18-November-2024
