Apartment developer buys South Brisbane site
Sherpa Group has paid $14.9 million for a South Brisbane site.
The Gold Coast based developer has already lodged plans to replace a low office at 21-23 Cordelia Street with a 27 level apartment building.
It has also branded the tower Symphony, as part of an off-the-plan marketing campaign kicked off last quarter.
The end value has been put at c$240m.
Gard Property’s Michael Gard, Andrew Gard, Simon Strohfeldt and Harry Lipke were the agents.
Flourish brand
The South Brisbane sites are between the Jolly & Butcher factory and former Catholic Apostolic Church – both heritage protected.
Part of Sherpa’s Flourish brad, Symphony will contain 138 apartments – the cheapest starting at $695,000.
The bulk (113) are priced over $1m.
The design also includes 1400 sqm of resort style amenity with a wellness centre, steam room, sauna, hot and cold plunge pools, heated pool, deck with cabana, outdoor dining space with a BBQ, private indoor dining room, gym and yoga room.
Vertical gardens will cover a four storey podium.
There is also parking in a two level basement.
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