This article is from the Australian Property Journal archive
BYRON Bay-based developer Molti has won approval from Brisbane City Council for five single-floor luxury apartments on one of Kangaroo Point’s last riverfront sites.
Each residence at 4 MacDonald Street will span almost 350 sqm and feature open plan living spaces and master bedrooms on the northern side of the building to maximise city frontage and never-to-be-built-out views of the CBD, river and Story Bridge.
“We are confidence that what we’re bringing to Kangaroo Point will captivate luxury property buyers and become a cherished future heirloom for its residents,” said Molti managing director, Ben Teague.
Crowning the project will be a penthouse rooftop with an infinity pool set amongst landscaping.
“Despite being home to just five residences, the building will feature wellness amenities akin to that of a luxury wellness club,” Teague said.
Demolition on the 797 sqm site will begin in the coming months, with a similar horizon given to the development’s launch through sales and marketing agency WhiteFox Brisbane.
Molti has confirmed Carr Design will be working with the project’s architects Bureau Proberts to design each home’s interiors, in the first instance of the pair working collaborating on the same project.
Kangaroo Point made headlines in April with the penthouse at Sorano House selling off-to-plan for a Brisbane record internal square metre rate of $45,000, for $14 million in total.
“The luxury market in Kangaroo Point is one of the most tightly held in south-east Queensland, with buyers recognising that the riverfront position, city views and connectivity make this one of Australia’s most unique real estate locations,” said WhiteFox Brisbane’s Phillip Rand.
