The application to develop 11 stories worth of mixed-use buildings at 12 Kyabra Street has been submitted by TikTokThree Pty Ltd.
With its striking looks and eco-friendly credentials, the proposed development design by Cottee Parker Architects aims to create a sustainable building made of Cross-Laminated Timber that offers future residents an experience worth remembering while they’re living in it.
According to Cottee Parker Architects, this building will function as a “key address” for small business owners in Newstead and give them an opportunity they never had before.
The proposed development aims to create small business strata office tenancies, provide ground floor food and drink opportunities with Kyabra street engagement. Market research shows that there is a severe shortage of these types in Newstead which led developers to undertake a market survey showing current demand for the area will be met by their proposals.
The new development, which will be located on Kyabra Street and feature outdoor dining as well as an internal walkway to link it with the cross-block link that is currently under construction.
One of Brisbane’s most innovative building materials—Cross Laminated Timber (CLT)–is being used for its third major commercial project after 1 King Street (commercial)and Monterrey at 9 Lambert St Kangaroo Point-a residential complex made entirely out of this sustainable material.
The development is located on the site of a well-known Fortitude Boxing Gym that was destroyed by fire last year. The 12 Kyabra Street project saw its most recent sale in July 2019 and it sold for $4,147,700 dollars.