Work Under Way on $190m Bulimba Retail Precinct

Cielo Group’s domination of the Brisbane riverside suburb of Bulimba continues as the developer starts work on its latest project. 

Construction has begun on its $190-million Oxford Street development, dubbed Lua, hot on the heels of the approval of its 13-apartment project, Bhode, at the end of last year.

The “transformative” urban village project is already 100 per cent leased, Cielo Group said in a statement. 

The Brisbane developer filed the plans for the site at 187-193 Oxford Street in 2022 and they were approved by Brisbane City Council in 2023, according to planning documents.

The 3085sq m site consists of four amalgamated lots, and will offer retail and restaurant tenancies including Chargrill Charlie’s, and an anchor supermarket named as Harris Farms, with a gross floor area of 1908 square metres.

The site was home to a small apartment block of apartments, which Cielo purportedly acquired for $15 million.

The Z Architects-designed project will rise three storeys and include 241 carparking spaces in three basement levels. 

▲ A renders of the Oxford Street project now under construction.

The development has open-air dining and a rooftop wellness space, and is named Lua in homage to the First Nations name for the region, Toogoolawah, meaning “place of the Magpie” in the Turrbal language. 

The inner-southside suburb has experienced something of a renaissance in recent years, with developers moving in for luxury apartment builds, including Zephyr, which lodged revised plans for a site with river frontage last year, while major plans were also filed for the latest stage of the Bulimba Barracks redevelopment that will deliver 800 homes.