Australia’s construction industry is gaining momentum in 2025, with a series of high-profile projects set to redefine Brisbane’s urban landscape. Kangaroo Point, one of the city’s most sought-after riverfront precincts, is at the heart of this transformation.
Read: Kangaroo Point’s Skye by Pikos Nears Completion for 2025
Three major developments—Skye Residences at 8 River Terrace, a controversial tower proposal at Castlebar Street, and a luxury high-rise with the suburb’s first supermarket at Ferry Street—are poised to bring new levels of sophistication and convenience to the area.
8 River Terrace
Pikos Group’s Skye Residences (A006599922) is already taking shape, with construction well underway and completion expected by late 2025. The ultra-luxurious 69-apartment tower boasts the highest residential rooftop in Brisbane, featuring a breathtaking infinity pool and a private dining space with uninterrupted city views.
The high-end residences, priced between $4 million and $5 million each, offer open-plan layouts designed to maximise the spectacular vistas. Interiors are fitted with top-tier Swiss V-ZUG appliances, elevating the standard for luxury living in the city. With its commanding position above the Kangaroo Point cliffs, Skye Residences is set to become a defining landmark on Brisbane’s skyline.
23 Castlebar Street
Just a short distance away, a proposed 28-storey tower (25 residential levels) at Castlebar Street has sparked community opposition, with nearly 100 formal objections lodged and protests held against the project. If approved, Verso Developments’ plan (A006656931) would see the construction of 51 luxury apartments and communal spaces over two stages.
A major point of contention is the site’s proximity to Shafston House, a 172-year-old colonial-era mansion with deep historical significance. Once owned by a shipping magnate who famously installed two cannons on its waterfront lawn, the grand residence is now the focus of heritage concerns.
The state heritage regulator has requested more details on how Verso intends to “adaptively reuse” the historic home, ensuring that the development integrates with the site’s storied past.
25 Ferry Street
Meanwhile, at Ferry Street, Mosaic Property Group is moving forward with a long-anticipated project on a site that has remained vacant for 30 years. The $210 million development (A006632355) has already secured substantial presales and will deliver 128 luxury apartments alongside Kangaroo Point’s first-ever Woolworths supermarket.
Designed by Cottee Parker Architects, the 15-storey tower will feature panoramic views of the CBD, Brisbane River, and Bay Islands. Residents will enjoy high-end amenities, including an infinity pool, gym, and BBQ area. The apartments, ranging from two-bedroom residences to penthouse-style “sky homes,” cater to Brisbane’s growing demand for premium inner-city living.
Construction is expected to begin this year, with completion scheduled for 2027.
Read: Residents Voice Concerns Over Proposal to Restore and Reuse Shafston House
A New Era for Kangaroo Point
These three projects mark a significant shift for Kangaroo Point, elevating its status as a premier residential destination. While the construction industry has faced challenges in recent years, the scale and ambition of these developments highlight renewed confidence in Brisbane’s property market.
As the city gears up for the 2032 Olympics, Kangaroo Point is set to become a focal point of high-end urban living. With luxury residences, enhanced public spaces, and improved retail options, the suburb’s transformation is well underway—promising a vibrant and modern future for one of Brisbane’s most iconic riverside precincts.
Published 3-February-2025
