First look: New plans lodged set to tap into high end Bulimba apartment market

Brisbane's premier riverfront suburbs have long been sought-after for apartment dwellers.

It's more common for new projects to appear in the likes of Newstead, Albion and New Farm, than it is in Bulimba.

But the small suburb south of the Brisbane River looks set for a new development, with Chris Mundey, Founder and Managing Director of Friday Capital, submitting plans for a new development at 43 Wambool Street.

Looking to tap into the high-end downsizer market, the building will comprise just eight three-bedroom apartments across a three-level building.

Brisbane locals, Gatehouse Architects have been appointed to design the project on the large 1,012 sqm site, with the main design intent focusing on seamlessly integrating into the existing neighbourhood's character and charm.

Render of the proposed Bulimba development. Credit: Gatehouse Architects.

Located at 43 Wambool Street, the development's design is centred around the concept of incorporating natural light into the living spaces, creating an open and airy atmosphere that encourages a sense of community, harmony, and tranquility. The architecture blends modern and traditional elements, using carefully selected building materials that match the surrounding context.

The building's large windows, balconies, and terraces take advantage of Brisbane's sunny climate and leafy green surroundings, providing residents with a sense of openness and connection to the outside world while maintaining privacy and security.

The addition of a rooftop communal area is designed to encourage social interaction and community across the site, with the 84 sqm space featuring a permeable pergola structure, as well as a range of passive and active recreation opportunities, including a lounge area and outdoor dining space.

The development is designed to respond to Brisbane's subtropical climate and lifestyle, with all units featuring well-proportioned living areas and balconies that create indoor/outdoor living spaces, maximising access to natural light and ventilation.

Ground level units include private open spaces comprising patio areas ranging in size between 25 sqm to 46 sqm, while upper-level units feature balconies ranging in size between 19 sqm through to 48 sqm.

The additional landscaping on the rooftop space further softens the built form from the streetscape and adjoining properties, adding to the amenity of the communal area.

Aerial shot of the proposed Bulimba site. Credit: Google Earth

Residents will be just over 200 metres from the bustling Oxford Street, which is home to a mix of retail and food outlets, health care services, bars and cinemas. A number of bus routes also run along Oxford Street, while the Bulimba Ferry Terminal is less than a kilometre away.

The heritage-listed Bulimba Memorial Park is also just a short walk.

Prior to launching Friday Capital, Mundey was the Head of Consulting and Capital Management at an East Coast Boutique Advisory firm and was the lead partner in its Sydney office, with the group working across the eastern seaboard, with projects in Sydney, Brisbane and the Gold Coast.