Developers have cleared a major hurdle for constructing a proposed 15-storey apartment tower called ‘River House’ in Kangaroo Point, after receiving approval for the project, bringing the high-rise building one step closer to breaking ground.
Read: Sydney-Based Developer, Fortis, Lodges a Kangaroo Point Riverfront Apartment Tower Proposal
The luxury development from Fortis Property Group, designed by Plus Architecture and featuring interior design by Mim Design, will bring 14 high-end residences to the neighbourhood.
The site at 44 O’Connell Street has sat vacant for years, but construction is now slated to begin in the second quarter of 2024 according to Fortis. The project, estimated to cost around $100 million, will have three levels sitting above a 1,196 sqm site.
The group acquired the land from previous owner Joe Adsett earlier this year after plans for a similar 14-unit tower were approved but later revoked in 2021 due to legal proceedings.
River House will consist of 14 three-bedroom apartments, each with a multipurpose room and expansive views of the Brisbane River and city skyline. The penthouse will additionally feature a private rooftop terrace and pool. Wellness facilities like an infinity pool, sauna, steam room and landscaped gardens will provide amenities for residents.
The plans also call for 46 total car parking spaces to be built across three underground levels – 43 resident spots and 3 visitor spaces. Vehicle and pedestrian access to the tower would be provided through the current single-lane crossover and driveway on O’Connell Street to the west side of the site.
Read: Elevated 30-Storey Residential Tower Planned for Brisbane’s Dockside Precinct
While best known for luxury developments in Sydney’s prestigious neighbourhoods, River House signifies Fortis Property Group’s inaugural project in Queensland as the developer expands its footprint.
River House is set to launch to buyers in mid to late November 2023, with estimated completion by late 2025. The new development promises to bring modern luxury living to one of Brisbane’s most desirable neighbourhoods along the river.
Published 21-November-2023