A luxury $650 million development featuring a five-star hotel has been given approval in Brisbane’s inner-north.
Australian private property trust Wentworth Equities was given the go-ahead for the four-tower project, by Economic Development Queensland.
The company said the development, known as ICON, would sit on a 7637-square-metre site and become the centrepiece of Northshore Hamilton.
The design was selected after a national competition.
The winning concept, by Australasian design firm Custance, features four distinctive towers and a connective sky-bridge.
The buildings will have 567 residential apartments, an international standard five-star 227-room hotel, a retail and restaurant precinct, an open air public realm and community civic plaza, known as Hamilton Place.
Wentworth Equities executive chairman Sameh Ibrahim said the time was right for significant investment in Brisbane, as it was now growing into a recognisable new world city.
“Brisbane’s diverse economy, growing population base, great employment opportunities, excellent relative housing affordability and availability, climate and natural attributes really make it the place to be,” Mr Ibrahim said.
“The recent G20 Leaders’ Summit further enhanced Brisbane’s international profile and we see only good things for the city’s future. Leveraging this global spotlight, ICON will set a new architectural, lifestyle and economic benchmark for Brisbane, supporting its ongoing transformation into a sophisticated, world-class city.
“As part of Northshore Hamilton, the gateway to Brisbane CBD, ICON will be the jewel in the crown of Australia’s largest waterfront urban renewal project and Brisbane’s premier riverfront precinct, representing a unique lifestyle opportunity for astute buyers looking for style and sophistication.”
The development will be located seven kilometres from the Brisbane airport and also close to the Brisbane cruise ship terminal.
Custance design director Craig Shelsher said ICON’s design was based on four key principles: water, people, place and connectivity.
“Designed to create a visual link to the water, ICON will connect the Brisbane River to Hercules Street Park and onwards to Kingsford Smith Drive, enhancing accessibility to neighbouring developments and throughout the Hamilton northshore precinct,” he said.
“All residences, from studio and one-bedroom apartments, through to three-bedroom luxury villas, will provide views of the river, park or Hamilton Place, which will feature boutique shopping, alfresco dining, a lawn area, subtropical planting and water features.”
Tower one will be 34 storeys and include the 227 five-star hotel rooms. Tower two will be 31 storeys, tower three 11 storeys, and tower four, 18 storeys.
For more information go to http://www.wentworthequities上海龙凤419m.au/portfolio/icon/