New rules means big buildings!
The South Brisbane Riverside Neighbourhood Plan released by the Brisbane City Council this week should see the once unloved suburb emerge as a genuine alternative for CBD business. Ahead of the release, Council approved a 10 storey Commercial building to replace 6 Cordelia Street (pictured). Under the new proposal, it could be possible to go as high as 30 storeys for sites of 1800m2 and greater. With Council’s renewed favour for commercial developments in the area, it’ll be interesting to see how residential values improve through a shortage of available stock.