A 10-storey rooftop development is coming to Coronation Drive in Toowong. The $110-million apartment tower near the Regatta ferry terminal will offer city views and 65 metres of direct river frontage.
Approved in early June 2022, development plans for “Arc” include 27 three-bedroom apartments and a penthouse with four beds plus a rooftop pool and barbecue area on a 1,500-sqm site at 570 Coronation Drive.
Designed by Bureau Proberts, the project will have all of its apartment units facing the riverfront which Bureau Proberts Design Director Terry McQuillan said is something that someone who has lived their whole life in Brisbane City could move into and be proud of.
“In response to the Triangular site, but it actually forms a sweeping Arc, we’ve taken that and shaped it and morphed it to resemble the river and context that it’s in.”
“We wanted something that was water sculpted and ephemeral,” adds Spyre Group Design Manager Kent Pinel, “which as it sort of sits in its entirety means that there’s (sic) small crevices for landscaping and shading.”
The undulating design, he explains, adds beauty and control of privacy and the sunlight that comes into the entertainment spaces. These aspects of the design assure that no resident is preferred over the other and anyone who chooses to buy into the building will get the best possible outcome.
Arc is now selling and for Spyre Group, it is an opportune time to launch the project considering the rising demand for luxury apartments in Brisbane particularly for downsizers who are looking into newly built high-rise dwellings.
Spyre Group is an Australian residential property development company with more than $750 million worth of projects including several upcoming and underway developments such as the Moray House in New Farm, Cala Dei in Coolangatta and Natura in Burleigh Heads.
Recently, the group successfully sold the penthouse inside its Glasshouse apartment project on Goodwin Terrace, Burleigh Heads for an off-the-plan record of $20 million.
Construction of the Arc project is slated to commence in early 2023.