Chinese Development in Brisbane’s CBD Gets Approval

 Chinese Development in Brisbane’s CBD Gets Approval

A Chinese backed developer has had plans approved for a $200 million subtropical twin-tower development in the heart of Brisbane.

Maple Development Group, owned by the Beijing-based Peng Bo Group, are behind the mixed-use project after they secured the site in 2015 for $16.75 million.

The development, at 57 Coronation Drive, includes 255 residential apartments, 168 five-star serviced apartments and commercial offices spread across two separate towers.

Maple Development Group Development Manager Gilbert Zhu said: “We’ve gone to great lengths to ensure that the project will make a significant contribution to the city of Brisbane.”

“Residents will be able to enjoy riverside living while at the ground floor the open space would provide a 24-hour accessible ground plane that would connect residents, visitors and locals to future shopping and dining options, as well as Roma Street Station and the Bicentennial Bikeway,” he said.

Construction is set to start next year, although a builder has not yet been appointed for the exciting project which incorporates the Davidson’s Residence, one of the last remaining 19th-century residences in the city’s CBD.

Built in 1868, the Davidson’s Residence is currently home to a backpacker’s hotel, but will become part of the new 30 and 35-storey tower complex.

This comes after Dexus recently announced their own plans for a $2.1 billion makeover of Brisbane’s Eagle Street Pier as developers look to capitalise on the city’s incredible riverside opportunities.