Award-winning developer Kokoda Property Group has officially settled the riverfront site for its landmark $1.5 billion Teneriffe Banks project, setting the stage for construction to commence on the developer’s flagship Brisbane development.
Kokoda Property Group’s Founder and Managing Director, Mark Stevens said that the site’s successful settlement marks the culmination of years of detailed planning, design collaboration and advisory expertise, enabling the developer to bring its vision from concept to delivery.
“The history of this site is significant, and we are honoured to continue its legacy by shaping the next chapter through Teneriffe Banks, a precinct that will contribute to the community for future generations to enjoy.
“This achievement reflects the expertise and dedication of many. We acknowledge our financier along with our design, planning and advisory partners, whose contributions have been vital in realising our collective vision,” said Mark Stevens.
Design-led by Kokoda Property Group in collaboration with Studio McCue, Cottee Parker Architects, Carr, Urbis, Flood Studio and Era Co, Teneriffe Banks has already made headlines as one of Queensland’s most successful off-the-plan launches, with $285 million in sales secured on its first day on market, setting a new state record.
Spanning a rare north-facing Brisbane River-front site, the Teneriffe Banks masterplan will deliver over 200 residences across four architecturally distinct buildings: The Interloom, The Ferry Building, The Store Houses and The Skyform.
Anchoring the precinct is Brisbane’s first-ever five-star Kimpton Hotel which will introduce an urban resort experience to the city. Residents will also enjoy access to The Canopy Club – one of Queensland’s largest private member’s venues designed for leisure, dining and connection.
Wellness is woven into the everyday, with Banks Athletic offering a private health club complete with rooftop pools, hydrotherapy zones, and movement decks overlooking the city and river.
Activated laneways, boutique retail and hospitality, and a proposed new marina will further transform the site into a vibrant new destination for residents and visitors alike.
“This location has long been one of Brisbane’s most coveted and culturally rich precincts, and Teneriffe Banks will not only celebrate that history but elevate it, bringing world-class design, hospitality, and community infrastructure to the river’s edge,” said Mark Stevens.
“Teneriffe Banks is a precinct built to endure, designed to contribute to the local community and Brisbane’s skyline for generations to come,” said Mark Stevens.
With the site now settled, Kokoda Property Group will soon confirm its appointed builder as preparations for construction commence.
Please visit www.teneriffebanks.com.au to register your interest and book an appointment.
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