Consolidated Finds Feasibility with Fresh Yeerongpilly Plan

A decade after it won the tender to develop the site, Consolidated Properties Group has reworked plans to find feasibility for a precinct near the future home of tennis during the Brisbane Olympics. The developer has filed plans for a 25-storey residential tower with the Brisbane City Council, increasing the height—and revenue—for the site 10km south of the CBD along the Brisbane River. The project within the Yeerongpilly Green neighbourhood has been on the cards since 2015 when Consolidated Properties won a state government tender to develop the 14ha precinct. The Rothelowman-designed tower is the first for the precinct and planned for a 4423sq m parcel at 30 Bedivere Street. It comprises 181 apartments, rooftop amenities, ground-floor lobby and 2500sq m of public gardens on the ground plane, which has frontage to Queens Way and King Arthur Terrace. The ground around the lower level is to be built up to extend the parkland and hide visitor parking by “essentially burying it”. ▲ A rendering of the proposed 25-storey residential tower. This tower is to be the first in a series of buildings at Yeerongpilly Green which was originally planned for 1200 homes , 8000sq m of commercial, 8750sq m of retail and 1.8ha of parkland. Hutchinson Builders will be the builder of the new scheme, continuing a decades-long relationship between the builder and developer. Consolidated Properties head of residential James MacGinley said the plans for Yeerongpilly Green had changed considerably due to feasibility issues. &ldquo;The original concept for the area was a typical suburban apartment, mid-rise, broad based&hellip;,&rdquo; MacGinley told The Urban Developer . &ldquo;We tried to deliver one in 2021 but we just could not get feasibility to work in the end, so we had to rethink the concept of the whole area. --> “We have worked closely with Hutchinson Builders during the past two years to come up with the best possible solution—to shrink the footprint of the building significantly and go higher to maintain a similar density,” MacGinley said. The tower footprint covers 34 per cent of the site and increases the green space between neighbouring buildings, which will become a key part of further development in the precinct. “It’s purely to end up with a better outcome for the local neighbourhood and also achieve some better revenues with the heights,” MacGinley said. “Feasibility is extremely difficult at the moment.” ▲ A rendering of the Rothelowman-designed tower at Yeerongpilly. And in a fortunate coincidence, the plans were filed just weeks after the outcome and decisions of the 100-day Olympic Review was made public, which included the Queensland Tennis Centre on King Arthur Terrace as a Games venue. The tennis centre opened in 2008 and includes a main court with seating for 5500, two outdoor show courts and practice courts. A temporary additional show court and six outdoor courts will be built for the Games, a downgrade from the original proposal that included a second main court. Meanwhile, Consolidated Properties Group topped out its $460-million twin towers on the former Brisbane ABC site nearby in Toowong last month. As well, the developer recently completed a shopping centre and 24 townhouses at Yerongpilly.

Consolidated Finds Feasibility with Fresh Yeerongpilly Plan

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Consolidated Finds Feasibility with Fresh Yeerongpilly Plan

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