Kokoda Property’s $1.5 billion Teneriffe Banks project on Skyring Terrace receives approval

Award-winning developer Kokoda Property has been given the green light for its $1.5 billion Skyring Terrace project, the largest private development in Brisbane.

Located at 17-27 Skyring Terrace, Teneriffe Banks will feature five distinct, slender buildings across 17,612 sqm which will become home to over 200 luxury residences, lofts and penthouses, and the first The Kimpton Hotels & Restaurants. There will also be an expansive commercial offering including over 4,800 sqm of absolute waterfront dining and retail, and a redeveloped, purpose-built community centre. 

Kokoda collaborated with partners Carr, Cottee Parker Architects and Urbis to create the precinct.

The project’s architecture draws inspiration from Teneriffe’s iconic brick woolstores and structural remnants of the suburb's river industries and was designed with the subtropical Queensland climate in mind, maximising opportunities for outdoor and semi-outdoor active spaces. 

Kokoda Property Founder and Managing Director Mark Stevens emphasised the importance of enhancing public accessibility to the Brisbane River as a key motivation for acquiring the Skyring Terrace site. 

“Our vision for the project is to reignite the Brisbane riverfront for a new generation, with 9,331 sqm of the Skyring Terrace development dedicated to being open, lush green public spaces with sprawling laneways and a 220m riverwalk extension," Stevens says.

“With 53 per cent of the site being open, green and for public use, our vision sees this reconnection to the Brisbane River in a unique and creative way.

“What Kokoda Property and our project partners are creating is not just a global destination in Brisbane, we are breathing new life into a currently underserved yet highly coveted piece of land."

Kokoda says they will release more information on the project in the coming months.