A run-down South Brisbane motel could be replaced by a 41-storey tower, including 35 levels of rental units, in the latest development to take advantaged of relaxed zoning laws on the Kurilpa peninsula.
If approved and built, Pellicano Living would provide 570 new rentals to Brisbane’s inner-city market, including 205 studios, 320 one-bedroom and 45 two-bedroom units.
The site, at 55 Boundary Street, was formerly a low-rise motel. Property records show Pellicano Living bought the site in 2023 for $22 million.
Pellicano Living’s plans for a 41-storey build-to-rent development at 55 Boundary Street, South Brisbane. Credit: MAS Architecture
Beneath the units would be a podium, including a wellness centre, a food and drink tenancy and 2173 square metres of available office space.
“It offers a centralised building management, and a high-quality resident experience distinct from traditional strata,” town planning firm Property Projects Australia says in its assessment report, submitted to Brisbane City Council on Pellicano’s behalf.
“This proposal reflects the demand for flexible and affordable housing with a high level of amenity that directly addresses the increasing concern regarding housing affordability and supply constraints.”
Like ICD Property’s planned $2 billion riverside precinct at nearby West End, Pellicano’s proposal will be assessed through the Kurilpa temporary local planning instrument, a short-term override of the Brisbane City Plan Act to “facilitate housing supply, affordability and diversity” in the area.
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