New riverfront project offers last chance for luxury home buyers in the city

A suite of more than 200 premium apartments are coming to market on Brisbane’s riverfront, offering emerging homeowners a chance to grab a home in a tightly held city hotspot.

Consolidated Properties Group has just filed development approval for new project in Newstead, including a 25-storey tower and a four-level luxury building.

Designed by award-winning architects Woods Bagot and to be built by Hutchinson Builders, the project will offer 235 premium apartments, including 12 ultra-luxury homes in the smaller building.

Consolidated Properties Group has filed development approval for a new project in Newstead, set to begin building in 2026.

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CPG head of residential James MacGinley said it was a privilege to be contributing to the select few riverside buildings across Newstead, and the team was focused on creating a strong visual landmark for the area.

“The building will be one of the first things visitors to Brisbane see as they drive along Kingsford Smith Dr, so it needs to be striking and simple from a distance,” he said. “But it is also part of the thriving Newstead community, so it needs to be fascinating up close.”

Homes in the main building range from two to three bedrooms in size, with prices beginning at the high $1 million mark and averaging in the $4m range.

Meanwhile, the luxury river villas – each three or four-bedroom homes with second lounges – will begin above $10m when they go to market.

The development will feature a 25-storey building and a four-floor luxury building by Brisbane the river, offering permanent front-row views of the water.

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“The river villas will be a pinnacle of riverfront luxury,” Mr MacGinley said. “We’ve drawn upon the designs of other landmark New Farm developments like Cutters Landing, to develop a floor plate to surpass anything the market has seen before.”

More than 75 per cent of units in the building are positioned to capture views of the river, with many positioned to capture north-facing views up to Hamilton Hill.

Due to the front-row location of the project, those with riverfront views will be able to enjoy the scenery without worry of it being built out.

CPG head of residential James MacGinley said they intended for the building to make a striking impression for people entering Brisbane through Kingsford Smith Drive.

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Residents in both buildings will be given access to similar shared amenities. Those in the main building will have access to a 25-metre resort-style pool on the roof, along with a picnic lawn area and barbecue spaces. A wellness area is expected to be on the fifth floor of the building, complete with a gymnasium, hot and cold plunge pools and saunas.

Meanwhile, owners in the luxury villas will have their own rooftop retreat and pool, including day rooms allowing for homeowners to comfortably lounge for the whole day.

Inspiration for the design was said to be taken from the nearby Cutters Landing, along with other classic icons across the Brisbane city landscape. Picture: AAP Image/Attila Csaszar

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CPG chairman and CEO Don O’Rorke said the project took inspiration from heritage-listed buildings right opposite their office in the CBD.

“I’ve spent the last 10 years in our office looking next door to Customs House and thinking, imagine if we could build something like that,” he said.

“We want this building to be considered one of Brisbane’s best in 100 years. I want my great, great grandchildren to be proud say that we built this.”

Woods Bagot principal David Lee said the design brief for the development needed to create a distinct presence within the tight-knit Newstead area, with so few riverfront spots left in 2025.

“The design is elegant, confident and timeless,” he said. “Classical motifs are reinterpreted and abstracted to create a modern aesthetic on key architectural elements, like the slab edges, columns and balustrade.”

Homes can range from the high $1m mark to more than $10 million, and construction will complete in 2029.

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The development, which has yet to be named, is part of a larger riverfront collection being offered by CPG across Brisbane.

Other projects being made by the company include Monarch Residences, located in Toowong, and a new 25-storey luxury project to be built in Yeerongpilly.

Interested parties are now able to register with CPG. Apartment sales will launch in early 2026, with construction to commence soon after.

The development will have a three-year build, and residents can be expected to move in by late 2029.