Plans to build a 10-storey residential tower and supermarket on Ferry St and Prospect St in Kangaroo Point have been revised, to allow for a 17-storey building instead, with the number of residential units increasing from 53 to 130 units.
Approved in December 2021, Fabcot Pty Ltd is now seeking approval to expand its approved development plan on a site located at 23-31 Ferry Street and 16-30 Prospect Street, Kangaroo Point.
“Since the previous approval was obtained, there have been significant changes to the City Plan that are relevant to development on the site. Specifically, the height limitations within the Kangaroo Point Peninsula Neighbourhood Plan have increased. The current City Plan allows for a maximum of 15 storeys on the site, in comparison to the previous version of the City Plan which allowed for a maximum of 10 storeys,” Urbis’ wrote in their planning report.
The existing development approval allows for a 10-storey residential tower comprising 53 units of 2-bedroom and 3-bedroom dwellings with commercial components, including a Woolworths supermarket, situated on the podium levels. There are also 56 car parking spaces across three levels of basement parking, accessible for both residents and users of the commercial tenancies.
The revised plans include 130 high-density residential units across 17 storeys, or an additional seven residential storeys, plus a rooftop garden. The proposal also seeks to change the approved “Metro” store and be expanded to a full-line supermarket located on the ground floor.
The development is proposed to be constructed in two stages to enable the supermarket to be opened ahead of the completion of the residential apartment above it and provide “more certainty and flexibility in securing either a JV partnership or contract for a separate entity to construct the residential component of the development.”
Stage 1 will construct Basement Levels 01 – 04 and Ground Level, plus podium rooftop services (condenser deck and plant rooms and retail condenser). It will also deliver external roadworks and streetscape upgrades. Whilst Stage 2 will involve the construction of Levels 01 to 15 and the rooftop.
A total of 112 residential, 8 visitor car parking spaces and 56 retail car parking spaces are also proposed.
23-31 Ferry St, Kangaroo Point QLD 4169, Australia