Pikos Group Hits Construction Milestone at Skye Residences in Kangaroo Point

Skye Residences, a development on 8 River Terrace by the Pikos Group, is now one step closer to transforming the skyline with its impressive, $300 million clifftop apartment project in Kangaroo Point.

Local South East Queensland builder Tomkins Commercial has successfully completed major excavation works and completed the basement car park that will accommodate up to 165 vehicles.  

This milestone required the efforts of three excavators, including a formidable 40-tonne rock breaker, to extract an impressive 24,000 cubic meters of earth and rock and achieving a depth of 12.3 meters.

Pedro Pikos, the Managing Director of Pikos Group, emphasised the significance of this milestone, stating, “It has been a major undertaking and a sure sign that this landmark development is moving forward to redefine residential living in Brisbane.”

Pikos, who founded the company in Darwin in 1989 before relocating operations to Brisbane, highlighted the robust demand for premium residential apartments in the Queensland capital.

“In a climate where many other residential builds have been put on hold, the ones that are progressing are the ones in the best positions with premium offerings and world-class appeal,” Pikos stated confidently, reflecting the success of the Skye Residences project.

Skye Residences
Photo Credit: Skye Residences

Skye Residences, spanning an expansive 2,300 sqm site above Kangaroo Point’s cliffs, will comprise three striking towers meticulously designed by Conrad Gargett.

These towers will house a total of 68 luxury apartments, with future residents gaining exclusive access to a sprawling 1,000 sqm sky deck boasting an infinity pool and a rooftop leisure and restaurant precinct.

Skye Residences
Photo Credit: Skye Residences

Offering uninterrupted panoramic views encompassing the Brisbane City skyline, South Bank, the Botanic Gardens, and the Brisbane River, Skye Residences aims to redefine opulent urban living.

Against the backdrop of a significant decline in new apartment projects in a city where there were only 1,300 apartments finished in 2022 compared to a peak of 11,000 in 2016, Skye Residences stands out.

Construction is expected to finish in 2025.

Published 25-Aug-2023