New details are set to be released on plans for a coveted development site on Lambert Street in Kangaroo Point, where approval already exists for 200 luxury apartments across three towers.
Read: Pikos Group Hits Construction Milestone at Skye Residences in Kangaroo Point
Developer Pikos Group had faced opposition from community groups when plans were originally submitted, but won an appeal in the Planning & Environment Court in May 2021 allowing the project to proceed.
Construction on the triple tower project, located at 108 Lambert Street in Kangaroo Point, was originally expected to begin this year.
Designed by architecture firm Conrad Gargett, the development dubbed ‘La Storia’ will feature a mix of two and three bedroom residences ranging in size from 135 sqm to 151 sqm. Each apartment will have custom stone island benches and integrated premium appliances and fixtures.
The site was previously home to a row of worker cottages, which have since been relocated and restored in nearby Kelvin Grove as part of the development plans.
A spokesperson for Pikos Group said they will remain committed to developing the iconic site and that they will be working closely with their consultants and builder partners to deliver this landmark project for Kangaroo Point.
Kangaroo Point has seen several major development projects in recent years, sparking fears of overdevelopment in some circles. But the City of Brisbane has defended the need for increased housing density in appropriate locations.
The La Storia site is considered a prime spot given its proximity to the CBD and public transport, one of the reasons why developers continue to flock to the area despite some lingering community opposition.
Read: GCB Constructions Crisis Forces Abandonment of Kangaroo Point Luxury Development, Other Projects
Pikos Group has not indicated when construction will commence following previous delays. But their recommitment to the project will be welcome news to those eager to see the vacant lot turned into a new landmark development for Kangaroo Point. Units are priced between $1.1 million and $1.6 million.
Published 8-September-2023
