Pikos Group plan $200 million luxury Brisbane apartment project
Brisbane-based developer Pikos Group is planning a $200 million luxury apartment project on a Kangaroo Point site that will feature a floating 1,000 sqm Sky Deck. With a design inspired by the famous Marina Bay Sands development in Singapore, Pikos will deliver a boutique collection of 68 luxury apartments over three towers, topped by a rooftop bar and restaurant to accompany a private residents’ pool deck overlooking the city skyline.
The 2,330 sqm landmark site located atop the Kangaroo Point cliffs on the corner of River Terrace and Main Street, was acquired by Pikos Group from international hotels group Banyan Tree. The Singapore-based company, which paid $16.8 million for the site in 2014, had planned a major apartment project on the holding. Pikos has amended Banyan Tree’s original single-tower design with plans for three boutique towers of up to 13 storeys on the site.
Designed by Brisbane architectural firm Arkhefield, the project will deliver apartments that span the entire east-west width of each tower, providing uninterrupted views of the Botanic Gardens, the Brisbane River, Storey Bridge and the city, as well as views across to the eastern arm of the Brisbane River to New Farm and beyond. Each building will have two apartments per floor with balconies along the River Terrace frontage.
Plans for the 8 River Terrace site a floating Sky Deck spanning two of the buildings which will feature a world-class restaurant and bar facility that will be open to the general public.
The apartment offering will include six penthouses, each with their own private rooftop terraces. Pikos says the project is aimed at the booming owner-occupier market seeking inner-city living. Ground floor amenities will include a fully equipped gym and a private, secure sub-tropical garden, while a separate café will service both residents and the general public.
The private company has a workbook in Southeast Queensland of $1.3 billion, with a large portfolio in Kangaroo Point which is it believes is shaping up as Brisbane’s hotspot. Recent commercial developments include the South Brisbane Health and Wellness centre at Mater Hill. Pikos has lodged a development application with the Brisbane City Council for the 8 River Terrace project and the company plans to begin construction in 2021 once approvals are granted.
