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A run-down South Brisbane motel could be replaced by a 41-storey tower with 35 storeys of rental units in the latest development to take advantage of relaxed zoning laws on the Kurilpa peninsula.
If approved and built, Pellicano Living will deliver 570 new rentals to Brisbane’s inner-city market, including 205 studios, 320 one-bedrooms and 45 two-bedroom units.
The site at 55 Boundary Street was formerly a low-rise motel. Property records show Pellicano Living purchased the site in 2023 for $22 million.
Pellicano Living’s plans for a 41-storey build-to-rent development at 55 Boundary Street in South Brisbane. Credit: MAS Architecture
Below the units will be a podium containing a wellness centre, food and beverage tenancies and 2,173 square meters of usable office space.
“It offers centralized building management and a high-quality housing experience that is different from traditional strata,” says urban planning firm Property Projects Australia in its evaluation report submitted to the Brisbane City Council on behalf of Pellicano.
“This proposal reflects the demand for high-amenity, flexible and affordable housing, directly addressing growing concerns about housing affordability and supply constraints.”
Like ICD Property’s planned $2 billion riverside precinct in the nearby West End, Pellicano’s proposal will be considered through the Kurilpa interim local planning instrument, a short-term override of the Brisbane City Plan Act to “facilitate housing supply, affordability and diversity” in the area.
