The project, which is planned for 1,400 square meters at 21 Duke Street, Kangaroo Point, will include 86 one- and two-bedroom apartments.
Known as Story House and designed by DBI Architecture, the eight-storey building will include 800 square meters of common space, two levels of basement parking for 73 vehicles, and a rooftop garden.
The roof will also feature a swimming pool with a pool and spa, a yoga lawn, a dining and barbeque area, and an outdoor gym.
Pelicano identified the suburb for its significant growth potential long before the Olympic Games were announced for Brisbane in 2032. The developer combined two adjacent sites in 2019 for about $2.8 million.
Due to the project’s immediate proximity to the planned Brisbane Olympic Stadium, the development will contain 32 studio apartments between levels one and three designed as short term rentals.
Pellicano is a family owned development company with a diverse portfolio of projects from residential parks to industrial and commercial parks across Victoria and Queensland.
The developer has 500 apartments in the pipeline – including the 77-residence Berry House in Boyne Hills, 70-residence Solarino House in Brunswick, 63-residence Pivot House in Geelong and 110-residence Berwick House in Fortitude Valley.
Nearby, Pellicano has recently begun construction on Hillyard House – the next $85 million phase of Woolloongabba’s $700 million South City SQ, which is being delivered in partnership with Perri Projects.
The district consists of 570 apartments in four residential towers. It also provides 15,000 square meters of retail – including national retailers such as Woolworths, Angelika Film Centre, Reading Cinema and Priceline.
Upon completion, the project will include three more buildings of 15 to 18 floors, providing approximately 1,000 residences throughout the project.
Phases 1 through 3 have already been completed, which includes Towers 1 South City, New Deshon and The Mews, which includes commercial and retail space, as well as residential apartments.
Phase 4A is under construction in a mixed-use development, set to feature a central plaza, with basement levels one through five and retail warehouses within the podium.
Phase 4b is also under construction, which will include retail rentals, a plaza and a cinema within another podium, located below a residential tower planned for Phase 5a, consisting of a mix of short-term accommodation and multiple residential apartments.
The 150-apartment Hillyard House is a 15-storey build-to-let development, designed by architect DBI Design.
Similar to her now-certified Duke Street project, the project’s amenities combine a heated magnesium pool—complete with a swim-up island lounge, cabana lounges, panoramic city views, and a wellness area with sauna, steam room, and massage treatment rooms.