Mosaic Property Group is planning to build its third tower in 12 months in the inner Brisbane suburb of Toowong, lodging an application for the 101-apartment project.
The 14-storey residential tower plans also included a rooftop communal garden and two levels of basement parking for the 28 Lissner Street site.
Mosaic is currently building an eight-storey development on 36 Sylvan Road, called Kensington.
It recently settled on the four-property amalgamated Lissner Street site for $5.7 million.
The Queensland developer also recently sold out The Patterson project in the riverside suburb.
The latest tower, near Toowong Village Shopping Centre, was designed by DKO Architecture.
“The development is inspired by the detailing and repetition of the traditional Queenslander,” the application stated.
“The veiled podium design references the nearby iconic Regatta Hotel and surrounding masonry apartment context with the inclusion of breeze blocks.”
The tower would replace the three-storey Toowong Inn and Suites currently on the 2108sq m site.
Mosaic managing director Brook Monahan said they were continuing to experience strong demand for premium product in the area.
“It will be our 11th release to Brisbane’s inner-west in the past six years,” he said.
“There is a real appetite from people chasing the incredible offerings of Brisbane's inner-west, which is why we have invested so much in this area over many years and will continue to do so.
“Everything you could want is in such close reach, including some of the most significant infrastructure projects of our generation, such as Brisbane Live, the Victoria Park redevelopment, Queensland Wharf, and Toowong's new $450m mixed-use town centre, The Aviary.”
Monahan said they were pleased to be partner with DKO as incredible attention has gone into the scheme.
“Dynamic architecture reflects an appealing, subtropical theme, with a simple yet elegant material and colour palette and extensive deep planting and landscaping,” he said.
“There is a real emphasis on sustainable principles which is reflected throughout the design.”