Cavcorp Files Plans, Frank Turns Dirt as Teneriffe Rises

To be known as Teneriffe House, the new proposal supersedes a previous 2008-2012 approval for the site, upgrading the vision to meet contemporary demands for high-end urban living.

Overall, the proposed tower would accommodate 93 apartments—73 of them with sprawling four-bedroom “sky terrace” and “sky pool” floor plans—targeting affluent downsizers and families.

"The larger-format apartments…offer the scale and comfort of a suburban house, thoughtfully reinterpreted within a contemporary vertical living environment," the application said.

▲ Renderings of the 15-storey tower proposed by Cavcorp for 55 Wyandra Street, Teneriffe.

Upper-level apartments would include expansive ceiling heights and custom wellness-focused features “including private balcony thermal pools and high-performance acoustic floor, ceiling and wall systems to support privacy, comfort and long-term liveability”.

Under the plans, five levels of wellness and communal amenities are to be integrated across the tower “layering resort‑grade recreation, work‑from‑home facilities and everyday convenience from lower levels to rooftop…positioning Teneriffe House as a ‘longevity wellness’ residential address”.

Crowning the tower, a rooftop swim and racquet club would feature a tennis court and two pools surrounded by shaded lounge decks, spas, outdoor gym, fitness/meditation lawn, barbecue and dining terraces.

At the heart of the revised scheme designed by Plazibat Architects is an 85m cross-block pedestrian link—to be dubbed Teneriffe Lane—between Wyandra and Helen streets, providing a connection to the heritage riverwalk.

The laneway would be embedded within a loggia—a reverse podium structure inspired by Mediterranean climatic adaptation principles and Brisbane’s “urban verandah” concept.

▲ A rendering of the rooftop of the 15-storey tower proposed by Cavcorp for 55 Wyandra Street, Teneriffe.

“Activated by residential amenities and immersive landscaping, the former Woolstore service lane is transformed into a safe, legible, and engaging pedestrian environment— establishing a new civic landmark and sensory public-realm experience,” the documents said.

According to an architectural statement, the proposed development is “a slender, clearly defined tower form…[that] establishes a landmark outcome”—transitioning from 15 to eight storeys “maintaining the visual prominence of the former Woolstores”.

Basement parking would include 231 resident car parking spaces, 17 visitor spaces and 10 auto-drive spaces.

Frank midrise tower under way

Meanwhile, up the road at 37 Wyandra Street, another local developer has turned dirt on a midrise tower comprising 45 apartments across 10 levels—without inking a sale.

Frank Developments—led by Frank Licastro—is doubling down in Teneriffe with its Murano project, just two doors up from 33 Wyandra Street where its almost sold-out 26-apartment Ducale development is also under construction.

Named after the Venetian island renowned as the world's centre of glass-making artistry, it will accommodate a mix of one to four-bedroom apartments—including two half-floor penthouses.

▲ Renderings of Frank Developments' midrise Murano project under construction at 37 Wyandra Street, Teneriffe.

According to the developer, the project's pre-release launch has hit the ground running, drawing more than 500 buyer inquiries.

“Murano is the natural evolution of what we started with Ducale. The streets of Teneriffe and New Farm mean a lot to me as they are the same streets I grew up in,” Licastro said.

“These projects are cousins: same street, same commitment to craft, the same belief that Teneriffe deserves. Ducale proved the market was ready for that. Murano takes it further.”

The ByCulprit-designed scheme—with a facade featuring “Venetian curves”—is capped by a resort-style rooftop with a pool, private daybeds, sauna, gym, barbecue terrace with a pizza oven and seating, as well as a private dining room.

Murano is one of 15 active residential and industrial projects that Frank Developments has on its workbook with a combined value of $1.85 billion.