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.