Prominent developer Kokoda Property is on the hunt for a builder after its 21-storey residential tower was approved for a site in Brisbane’s inner west.
Works are now expected to begin on the Melbourne-based developer’s Ruby Ruby in Milton early next year.
The tower comprises 144 apartments in a mix of two and three bedrooms of 65sq m to 155sq m, with six sub-penthouses and two master penthouses from 188sq m to 392 square metres.
It is set to rise on a 1640sq m site at 12-18 Crombie Street that Kokoda acquired for $11 million in May this year.
Designed by Cottee Parker, the tower “blends modern aesthetics with a nod to Brisbane’s subtropical climate and Milton’s cotton production history, with elements reminiscent of woven textures, lightweight and flowing forms, and the use of natural materials”.
Carr Design is responsible for the sub and master penthouse interior design.
Kokoda Property founder Mark Stevens said Brisbane was “rapidly transforming into a new world city; its culture, business centre, technology, and lifestyle is evolving”.
“With more than $40 billion of infrastructure investment planned, naturally there is a shift occurring with demand now skewed towards sophistication and luxury residential design.”
Ruby Ruby amenities include a large rooftop infinity pool with landscaped barbecue space and deck, floating daybeds and cabanas, fire pit, private dining and bar, a state-of-the-art private cinema lounge, billiards room, meeting rooms, dog wash, and a health and wellness space with sauna, spa, plunge pool, yoga studio and gym.
Kokoda expects to appoint a builder before the end of the year and that the project will be completed towards the end of 2025.
Kokoda Property Group this month lodged plans for a giant three-tower residential and hotel development on the inner-Brisbane riverfront.
Plans for the site, which it reportedly spent $100 million acquiring, include 381 apartments and a 160-key hotel plus nearly 5000sq m of retail, office, food, drink and recreational space along the river in the inner-city suburb of Teneriffe.
