A 23-storey residential tower overlooking the Brisbane River has been proposed for Kangaroo Point, with a development application lodged with Brisbane for 84 apartments along the suburb’s Shafston Avenue riverfront precinct.
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Just six months after the site changed hands for $6.55 million, a company named JMT Mega Capital, understood to be interstate investors, has lodged plans to transform the 1,222 sqm double block at 212-220 Shafston Avenue. The site was sold last year through Patona Property, and the existing low-rise buildings would be demolished to make way for the proposed tower.
Designed by Aplus Design Group, the building would offer a mix of 25 one-bedroom, 34 two-bedroom and 25 three-bedroom apartments, with rooftop communal open space and resident amenities crowning the top. Six basement levels would accommodate 104 car spaces in total, including 93 resident and 11 visitor spaces, along with 84 resident and 21 visitor bicycle parking spaces.
Design that aims to earn its height
The tower draws on subtropical sensibilities, incorporating recessed balconies, curved facades and planted edges throughout the podium and tower levels. According to the Urban Design Report submitted with the application, Aplus Design Group said the building had been shaped with a “slender vertical expression” and “integrated planting” to help reduce perceived bulk and create a more elegant contribution to the Shafston Avenue streetscape. The project also sets aside 35 per cent communal space coverage and a 17.5 per cent deep soil zone for urban greening.
The proposed height exceeds what is mapped under the Kangaroo Point Peninsula Neighbourhood Plan, meaning the application is subject to impact assessment. The town planning report submitted to Brisbane argues the height is justified given the site’s “strategic location, high-density zoning, established surrounding built form” and strong access to public transport.
The proposal adds to a growing pipeline of apartment developments reshaping Kangaroo Point. Mosaic Property has nearly sold out its under-construction projects The Bedford and The Carter, while Pikos Group recently completed Skye Residences and is currently delivering Gaia on Lambert Street, a project spanning more than 230 three- and four-bedroom apartments. The activity comes ahead of the 2032 Brisbane Olympic Games, with demand continuing to strengthen for new housing in well-connected inner-city precincts.
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For residents already watching what goes up along Shafston Avenue, this latest proposal will no doubt spark fresh conversation about how much higher the suburb’s skyline should climb and whether the neighbourhood’s riverfront character can be preserved as the towers keep coming.
The application (A007021113) can be viewed on Brisbane City Council’s Development.i portal at developmenti.brisbane.qld.gov.au.
Published 20-May-2026
