Key features:

<ul>
	<li>Two 12-storey apartments towers</li>
	<li>Apartments: 79 one-bedroom, 83 two-bedroom, 62 three-bedroom, 2 four-bedroom apartments (226&nbsp;total)</li>
	<li>Communal Space: Managers Office, Mail Room, Community Garden / Dog Walk, Yoga Lawn, Dining and Function area, Theatre, Alfresco Dining, Pool and Communal Deck, Change rooms and bathrooms, gym.</li>
	<li>Car Parking: 273 spaces (including 10 Share Car spaces) Total: 330 spaces</li>
	<li>Bike Parking: 226 spaces</li>
</ul>

73-85 Cleveland Street, Stones Corner

The <a href="https://www.urban.com.au/developments/brisbane-qld">Brisbane</a> property market continued to experience significant growth over May, growth that took it past Canberra to become Australia's second most expensive capital city property market.

"With Brisbane housing values consistently posting solid capital gains while ACT values remain relatively stable, we saw a changing of the guard in May," CoreLogic Research Director Tim Lawless said.

"Brisbane overtook Canberra as having the second-highest median dwelling value across the capitals in May, a position Brisbane hasn’t recorded since 1997."

Brisbane's median dwelling value (which incorporates both units and houses), is now $843,000, above Canberra's $840,000.

It was another big month for the unit market (just townhouses and apartments). The 1.9 per cent growth took the median unit value above Melbourne to $615,000, above Melbourne's $614,000.

Brisbane's rolling quarterly growth is now 5.3 per cent, the strongest eastern seaboard capital. Brisbane's housing market was up 3.7 per cent over the same period.

&nbsp;

CoreLogic's Home Value Index rose by 0.8 per cent during the month, marking the 16th consecutive month of growth and the largest monthly gain since October of the previous year.

Lawless attributed the strong market performance to extremely low levels of available supply in Brisbane and other strong markets. Brisbane's property listings are 34 per cent below the five-year average for this time of year. Despite an increase in vendor activity compared to last year, fresh listings are quickly absorbed by market demand, maintaining low stock levels and exerting upward pressure on prices.

<h2>What happened in Brisbane’s off-the-plan apartment market in May</h2>

There was only one new project for buyers to look at in May. It came from veteran Brisbane apartment developer <a href="https://www.urban.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, who launched their <a href="https://www.urban.com.au/developments/nundah-qld-4012">Nundah</a> village mixed-use development, <a href="/new-apartments/danby-ln-nundah">DANBY LN</a>.

The 12-level development comprises 84 apartments ranging from one to four bedrooms, priced between $599,000 and $3,199,000.&nbsp;

[smartcode_project:default project_id=112531 project_image_fid=280772]

The project integrates residential units with ground-floor retail, commercial spaces, and extensive recreational facilities including&nbsp;a rooftop with BBQ facilities, a herb and vegetable garden and outdoor dining areas.

There were more developments submitted to the Brisbane City Council in May, a positive sign for future apartment supply.

One of the most anticipated was the first stage of&nbsp;<a href="https://www.urban.com.au/new-apartments/bulimba-barracks-stage-1-167-apollo-road-bulimba">Bulimba Barracks</a>, the inner-city masterplan by&nbsp;<a href="https://www.urban.com.au/developers/shayher-group">Shayher Group</a>.

The site, acquired from the Department of Defence in 2020, has undergone extensive demolition, retaining only a fabrication workshop from World War II.&nbsp;

<img alt="First look exclusive: Shayher Group file for first stage of Bulimba Barracks" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-05-13%20at%209.44.35%20am.png?VersionId=0QiWfBCEHwkZsoTqcEEwe9wBoEnqpqJY" />

The initial phase focuses on a 6,382 sqm block on Apollo Road, featuring two low-rise buildings with 69 apartments.&nbsp; Designed by the <a href="https://www.urban.com.au/architects/the-buchan-group">Buchan Group</a>, these three-level buildings will be separated by a laneway from the restored workshop.

<a href="https://www.urban.com.au/developers/mirvac">Mirvac</a> too submitted major plans, however they're at the tail end of the inner-city precinct, the $1 billion Newstead waterfront precinct,&nbsp;<a href="/new-apartments/sky-waterfront-newstead-13-cunningham-street-newstead-qld-4006">Sky Waterfront</a>.&nbsp;

The 27-level tower, the tallest in the precinct, will house 138 apartments.

With a focus on owner-occupiers, it includes a variety of unit sizes, and extensive amenities and public spaces to enhance connectivity and community engagement.&nbsp;

<img alt="Mirvac files plans for final stage of Sky Waterfront, Newstead precinct" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-05-13%20at%2012.43.59%20pm.png?VersionId=IwKr5QwWpLW9yKCFIr2jaBJXC8BlUUiO" />

&nbsp;

Developer <a href="https://www.urban.com.au/developers/skyhold">Skyhold</a> settled on its <a href="https://www.urban.com.au/developments/balmoral-qld-4171">Balmoral</a> site, where they're planning a $150 million apartment development.&nbsp;

The project includes four medium-density buildings, offering a mix of two and three-bedroom apartments, penthouses, and 14 townhouses. Approved by Brisbane City Council, the development is set to launch soon.

<a href="https://www.urban.com.au/developers/huon-property-group">Huon Property Group</a> received approval for a 15-level, 114-apartment tower at 22 Cleveland Street, <a href="https://www.urban.com.au/developments/stones-corner-qld-4120">Stones Corner</a>, while there was another 226-apartment project on Cleveland Street approved for the family-run Idec Group.

&nbsp;

&nbsp;

&nbsp;

&nbsp;

&nbsp;

Tim Forrester's Aria Property Group looks to have finalized its plans for its South Brisbane tower at 164-190 Melbourne Street.&nbsp;

They secured approval for a 14-level tower with 84 apartments designed in collaboration with <a href="https://www.urban.com.au/architects/bates-smart">Bates Smart</a> and <a href="https://www.urban.com.au/architects/richards-and-spence">Richards &amp; Spence</a>.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/aria-set-for-new-south-brisbane-apartment-tower-after-council-nod">Aria set for new South Brisbane apartment tower after council nod</a>

&nbsp;

&nbsp;

&nbsp;Outside of the city in <a href="https://www.urban.com.au/developments/rochedale-qld-4123">Rochedale</a>, 17km south of Brisbane, <a href="https://www.urban.com.au/developers/kinstone-group">Kinstone Group</a> has sought to create a $380 million mixed-use community, Rochedale Terrace.

The first stage will introduce retail and dining options, a tavern, and a 75-room boutique hotel.&nbsp;Later stages will add around 280 apartments and more commercial spaces, aiming to provide diverse housing and community-focused amenities.

&nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/kinstone-plot-380-million-rochedale-precinct-rochedale-terrace">Kinstone plot $380 million Rochedale precinct, Rochedale Terrace</a>

Joel Robinson

City Beat June 2024: Brisbane overtakes Canberra as Australia's second most expensive capital

The project will comprise 226 apartments ranging from one to four bedrooms on a 3,846 sqm site at 75-85 Cleveland Street

The burgeoning Stones Corner in Brisbane, on the fringe of the Woolloongabba Olympic precinct, is set for a new apartment development with the recent approval of a two-tower project just off Hanlon Park.

Peter Gartshore from the family-ran Idec Group is behind the plans on the 3,846 sqm site at <a href="https://www.urban.com.au/new-apartments/73-85-cleveland-street-stones-corner">73-85 Cleveland Street</a>, which will feature a striking skybridge connecting the two recreational rooftops designed by NMDS Architecture.

The development will have 226 apartments, split into 79 one-bedroom apartments, 83 two-bedders, 62 three-bedroom units, and only two four-bedroom apartments.

The skybridge will connect the two rooftop recreation areas that total 1273 sqm, allowing residents from both towers to access the full range of recreational facilities that include&nbsp;a pool, spa, terrace area, gym, sauna, showers, change rooms, alfresco and indoor dining areas, a theatre, community garden, and a dedicated dog walking area.

The submitted town planning report highlights the strategic importance of the proposed site in&nbsp;<a href="/developments/stones-corner-qld-4120">Stones Corner</a>, stating that it falls within a growth node on a selected transport corridor identified under the City Plan. It emphasises that areas within these nodes offer opportunities for more intense urban forms that cater to the needs of the local community.

<img alt="Twin tower apartment development proposed for Stones Corner" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-16%20at%2010.57.15%20am_0.png?VersionId=HA9ugUKWWoVT.sMLNezZta6A1OGOH1dn" />Render of the proposed twin tower&nbsp;<a href="/developments/stones-corner-qld-4120">Stones Corner</a>&nbsp;development. Credit: NMDA Architecture

The report emphasises the housing crisis in the southeast Queensland region, with low rental and housing stock levels, and states that the project will provide 226 additional housing opportunities near centres, community services, and transport options.

<a href="/developments/stones-corner-qld-4120">Stones Corner</a>, located just over two kilometres from Woolloongabba, the home of the 2032 Olympic Games, is undergoing significant urban transformation with the aim of residential and mixed-use densification.<img alt="Twin tower apartment development proposed for Stones Corner" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-16%20at%2010.57.40%20am.png?VersionId=gqA7E4EGRrPWzlrhMaNWTPJ1RuYS0exI" />Render of the proposed twin tower&nbsp;<a href="/developments/stones-corner-qld-4120">Stones Corner</a>&nbsp;development. Credit: NMDA Architecture

The development will prioritise green spaces and landscaping. The landscaping design by Wild Studio includes vertical green walls extending the full height of the building, feature trees at the main entrance on Cleveland Street, raised garden beds, and planter boxes with climbing and cascading plants.

The integration of greenery aims to create a vertical, subtropical micro-climate that enhances the building's appearance, provides cooling to residents, and contributes to the overall streetscape.

The development will include three basement levels with space for 330 cars. While the area is well-serviced by public transport, alternative transportation options will also be provided to residents. A car share system will enable those without vehicles to access ten electric vehicles, and there will be ample bicycle parking spaces, 283 in total, supported by an on-site bicycle workshop.

Urban Editorial

New apartment development approved for Stones Corner

Peter Gartshore from the family-ran Idec Group are behind the plans at 73-85 Cleveland Street, which will feature a striking skybridge connecting the two recreational rooftops



Plans have been filed for a twin tower project in Brisbane's south side suburb of Stones Corner.

Peter Gartshore from the family-ran Idec Group are behind the plans on the 3,846 sqm site at 73-85 Cleveland Street, which will feature a striking skybridge connecting the two recreational rooftops designed by NMDS Architecture.

&nbsp;

The submitted town planning report highlights the strategic importance of the proposed site in Stones Corner, stating that it falls within a growth node on a selected transport corridor identified under the City Plan. It emphasises that areas within these nodes offer opportunities for more intense urban forms that cater to the needs of the local community.

Despite exceeding the prescribed eight-storey height limit, the report argues that the proposed development is appropriate for the site and aligns with the desired outcomes of the high-density residential zone.

<img alt="Render of the proposed twin tower Stones Corner development" data-entity-type="file" data-entity-uuid="ad02c016-d0b0-4a00-8987-94391df7526c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-16%20at%2010.57.15%20am_0.png?VersionId=HA9ugUKWWoVT.sMLNezZta6A1OGOH1dn" />Render of the proposed twin tower Stones Corner development. Credit: NMDA Architecture

The report also emphasises the housing crisis in the southeast Queensland region, with low rental and housing stock levels, and states that the project will provide 226 additional housing opportunities in close proximity to centres, community services, and transport options.

Stones Corner, located just over two kilometres from Woollongabba, the home of the 2032 Olympic Games, is undergoing significant urban transformation with the aim of residential and mixed-use densification.

&nbsp;

The towers will boast a design incorporating extensive use of planter boxes adorned with climbing and cascading plants.&nbsp;&nbsp;NMDS Architecture have designed the project.

The skybridge, spanning the gap between the north and south towers, will link a spacious 1273 sqm of communal rooftop recreation space. The recreational area will include amenities such as a pool, spa, terrace area, gymnasium, sauna, showers, change rooms, alfresco and indoor dining areas, a theatre, community garden, and a dedicated dog walking area.

<img alt="Render of the proposed twin tower Stones Corner development. Credit: NMDA Architecture" data-entity-type="file" data-entity-uuid="c6ac9511-8c9d-4850-abfa-110185477d10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-16%20at%2010.57.40%20am.png?VersionId=gqA7E4EGRrPWzlrhMaNWTPJ1RuYS0exI" />Render of the proposed twin tower Stones Corner development. Credit: NMDA Architecture

The proposed development will prioritise green spaces and landscaping. The landscaping design by Wild Studio includes vertical green walls extending the full height of the building, feature trees at the main entrance on Cleveland Street, raised garden beds, and planter boxes with climbing and cascading plants.

The integration of greenery aims to create a vertical, subtropical micro-climate that enhances the building's appearance, provides cooling to residents, and contributes to the overall streetscape.

The development will include three basement levels with space for 330 cars. While the area is well-serviced by public transport, alternative transportation options will also be provided to residents. A car share system will enable those without vehicles to access ten electric vehicles, and there will be ample bicycle parking spaces, 283 in total, supported by an on-site bicycle workshop.

[smartcode_project_cta:default project_id=140109]

73-85 Cleveland Street, Stones Corner

Apartments

Estimated completion date

Buildings

Building Type

More about 73-85 Cleveland Street, Stones Corner

Development information for 73-85 Cleveland Street, Stones Corner

Meet the team behind 73-85 Cleveland Street, Stones Corner

Location of 73-85 Cleveland Street, Stones Corner

News about 73-85 Cleveland Street, Stones Corner

City Beat June 2024: Brisbane overtakes Canberra as Australia's second most expensive capital

New apartment development approved for Stones Corner

Twin tower apartment development proposed for Stones Corner

You may also like

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.