Licastro Duo Drifts into Hamilton with Tower Redesign

Queensland developer duo Frank and Joe Licastro have drifted into one of the Brisbane River’s most affluent reaches for their latest residential project. The cousins have secured a prime 1792sq m riverfront site at 92 Kingsford Smith Drive at Hamilton in the city’s inner-north. It was acquired with an existing approval in place for a 14-story tower comprising 62 apartments but the Licastros have submitted a change application for a reworked scheme increasing the yield to 72 units across 15 storeys. The deal was negotiated by MP Commercial’s Mike Walsh and Peter Court for an undisclosed sum. “I’m looking forward to finally seeing a premium project that the site warrants come to life,” Walsh said. “I’ve had an extensive history with the site. “In the early part of my career I was involved in the sale to the current owners, in 2008, and then had it under contract to [Melbourne-based developer] Gurner in 2015 with the adjoining property.” That deal eventually fell over. Its acquisition and redesigned-tower proposal is the third collaboration between Frank Licastro’s Frank Developments and Joe Licastro’s Signature Property Partners. The cousins also joined forces on the four-storey Della Rosa project comprising 12 apartments at New Farm, which is nearing completion, and the recently approved 37-storey Maya accommodating 57 units along Surfers Paradise’s Garfield Terrace. To be known as Alba, the Hamilton proposal would comprise a mix of two, three and four-bedroom apartments plus wellness amenities—including a rooftop recreation terrace featuring a pool, sauna and cold plunge pool, yoga studio and gym—private dining and entertaining areas. The plans also include dedicated work-from-home lounges, a drone delivery landing pad, dog wash bays and resident mopeds for shared use. ▲ A rendering of the 15-storey reworked tower proposed for 92 Kingsford Smith Drive at Hamilton. BYculprit design director Luke Henderson said the tower was designed “to reflect the river’s fluidity, rhythm, and lightness, while its contrasting base firmly anchors into the ground with strong, sculpted earth forms that create canyons of light, lush greenery, and calming water”. Joe Licastro said the joint-venture high-end projects—all designed by architects BYculprit—were resonating with buyers. “With Alba, we’re seeing growing buyer confidence—not just in the strength of the location but in the trust we’ve built through past projects,” he said. Frank Licastro said Hamilton was undergoing a transformation and would benefit from significant infrastructure investment leading up to the 2032 Brisbane Olympics. Upgrades to Kingsford Smith Drive and the construction of the Yowoggera Green Bridge linking riverfront walkways directly to the Newstead parklands are among the latest additions. “We’re seeing a genuine shift in Hamilton—it’s quickly becoming one of Brisbane’s most connected and liveable suburbs,” he said. “And with Alba, we saw the opportunity to create something that not only reflects this evolution but enhances it.”

Licastro Duo Drifts into Hamilton with Tower Redesign

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