Newstead Riverfront Tower Approved for Construction
A landmark 25-storey apartment tower has received final approval for Newstead, marking a major milestone for one of Brisbane’s last remaining riverfront development sites. The project at 47 Skyring Terrace was given the green light by planners on Tuesday, clearing the way for a development the builder describes as a legacy designed to last a century.
Developer Consolidated Properties Group (CPG) confirmed the approval, stating the building aims to become a new signature for the Brisbane skyline. The group plans to begin construction in August 2026, with Hutchinson Builders expected on site within weeks to prepare the sales office.
Design Focuses on Enduring Materials and River Views
The approved development will comprise 227 apartments across the main tower, with more than 75 per cent offering northeast river views. A separate six-storey boutique building will sit on the riverfront, housing 12 residences that each boast over 21 metres of direct river frontage.
Architectural firm Woods Bagot designed the project using a contemporary interpretation of Brisbane’s classical architecture. The design prioritises enduring materials, specifically brick and stone, to ensure the building stands the test of time rather than following short-term trends.
CPG Head of Residential James MacGinley said the design draws from the past to create an enduring legacy. “First and foremost, these are beautiful homes designed to enjoy river views that will never be built out,” Mr MacGinley said.
He added that the homes are expected to become tightly held assets passed from generation to generation. “We want this building to be considered one of Brisbane’s best in 100 years,” CPG Chairman and CEO Don O’Rorke said.
Sales Strategy and Future Timeline
The project will form part of CPG’s broader riverfront portfolio, which includes the Gloriette development at Yeerongpilly. Mr O’Rorke noted that this approval is a significant step for the group’s riverfront development pipeline, which is valued at over $1.5 billion.
CPG has outlined a staged release strategy for the apartments. The developer intends to target a select group of buyers before launching a broader market campaign later this year. A fully fitted-out sales office is scheduled to open to the public in the coming months.
While the design and timeline are now set, specific pricing for the residences has not yet been released. The focus for the immediate future remains on site preparation and the upcoming construction start date.
