70 Sylvan Road, Toowong

Over 12 months after securing a prime Toowong site on Sylvan Road, local developer&nbsp;<a href="https://www.urban.com.au/developers/pradella-property">Pradella</a>&nbsp;has revealed what it envisages for the site.

They've submitted plans to the Brisbane City Council for <a href="https://www.urban.com.au/new-apartments/70-sylvan-road-toowong">Sylvan Residences</a>, 53 two and three-bedroom apartments across a 12-level building opposite <a href="https://www.urban.com.au/developments/toowong-qld-4066">Toowong</a> Memorial Park.

<a href="https://www.urban.com.au/architects/hal-architects">HAL Architects</a> have been tasked with the design of the building. They say it "evokes opulence,&nbsp;underpinned by the classic subtropical Queenslander vernacular," drawing inspiration from Toowong’s rowing history with a curved and sculpted form.

<img alt="Sylvan Residences" data-entity-type="file" data-entity-uuid="fdf4def8-8df3-4942-bd77-937b42fb6919" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sylvan%20Residences%20podium.png?VersionId=vx3uU1wkWOP5CXqNET960_C.JHWqoh6d" />

31 two-bed and 22 three-bed apartments have been pitched, above basement levels with 83 parking spaces.

A significant rooftop terrace will serve as a "lush oasis nestled in the urban convenience of Toowong," according to HAL.&nbsp;

Planned amenities include an infinity lap pool, fitness centre, steam room, sauna, community garden, private dining and lounge spaces, and barbecue facilities.&nbsp;

The landscaping and terracing are designed to complement Brisbane’s active, outdoor lifestyle, with views of the city and Mt Coot-tha.

<img alt="Sylvan Residences amenities" data-entity-type="file" data-entity-uuid="a5239aad-df11-4721-8153-65992dfe0862" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sylvan%20Residences%20amenities.png?VersionId=fkDuy6QaCqw9Lg_XW3I03JAH4EJZoBuB" />

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The town planning report by Plan A said "the proposal is consistent with surrounding development in the Toowong area and will provide a positive contribution to the streetscape."

Pradella <a href="https://www.urban.com.au/news/qld/pradella-secure-their-next-brisbane-apartment-development">bought the 1,083 sqm corner site</a> at 70 Sylvan Road for $6.1 million in late 2023.&nbsp;

CBRE’s Adelaide O’Brien and Will Carman, who facilitated the sale, noted strong developer interest in the suburb. O’Brien highlighted <a href="https://www.urban.com.au/developments/toowong-qld-4066">Toowong</a>’s appeal to both owner-occupiers and investors, adding that the site also provides Pradella with secure rental income while planning its development strategy.

Pradella is most known for its development in West End where they're behind the $1.5 billion Montague Markets mixed-use precinct.

Joel Robinson

First look exclusive: Pradella plot Sylvan Road, Toowong apartment development

There had been strong developer interest in the suburb, CBRE's Adelaide O’Brien and Will Carman said

Queensland-based property developer Pradella has secured its next Brisbane apartment development site.

They've paid $6.1 million for a&nbsp;1,083 sqm site in Toowong, opposite Toowong Memorial Park.&nbsp;

The corner site at <a href="https://www.urban.com.au/new-apartments/70-sylvan-road-toowong">70 Sylvan Road</a> is zoned for&nbsp;medium-density residential and has development potential for an eight-storey residential development.

The property is currently fully occupied by a mix of residential and office tenants on short-term leases.

There had been strong developer interest in the suburb, CBRE's&nbsp;Adelaide O’Brien and Will Carman said.

"The location has been a great success story for local and interstate developers who recognise its attraction to both the owner occupier and investor market,” O’Brien said.

“The property has the ability to generate a robust fully leased net annual income providing Pradella with secure earnings to strategise for future development.”

Toowong is located between Mount Coot-tha and the north bank of the Brisbane River and is surrounded by successful Brisbane developments by companies such as <a href="https://www.urban.com.au/developers/mosaic-property-group">Mosaic</a>, BPM and <a href="https://www.urban.com.au/developers/consolidated-properties">Consolidated Properties</a>.

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