Keylin Files Build-to-Rent Plans for Brisbane

South-east Queensland developer Keylin Group has filed plans for a 478-apartment build-to-rent development at Indooroopilly, which would be a first for the suburb.

The Jackson Teece-designed project slated for a 6331sq m site at Station Road would be a catalyst for urban renewal in the inner-west suburb with four towers up to 20 storeys across the site near to Indooroopilly Shopping Centre.

Keylin managing director Louis Cheung said the site would be transformed into a “suburban rainforest” with a mixed-use community and greenery covering 45 per cent of the site.

Buildings 1 and 2 would front Station Road and rise to 20 storeys, while buildings 3 and 4 will be 15-storey towers. The project would comprise a mix of 388 build-to-rent apartments, of which 39 are affordable housing, 44 short-term accommodation apartments, and a further 46 as build-to-sell.

“It is one of the most significant development opportunities in Brisbane’s inner city and Keylin is excited to be able to present such a diverse project to Indooroopilly,’’ Cheung said.

“The project’s strategic location is perfect for delivering a reimagined ‘high street’ in this historic and established suburb.

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▲ The Suburban Rainforest will rise to between 15 and 20 storeys and comprise build-to-rent, affordable housing, short-stay and also build-to-sell apartments at Indooroopilly.

“The broad range of accommodation will result in a highly diverse community and provide much needed housing supply so close to the city, shopping centre and university with multiple modes of public transport on the doorstop.

“We are particularly proud that the proposed development achieves significant objectives under the Brisbane Sustainable Growth Strategy for renewal planning that encourages higher density in areas with access to public transport and services.”

The build-to-rent development would include a health and wellness precinct, which would include a commercial grade gym, spa and 20m recreation and lap pool with city views, while a ground floor ‘Cycle Club’ will offer bike service facilities.

Other flexible spaces for residents include rooftop gardens, entertaining areas, a creative arts and media hub with recording and podcast studios, and co-working open areas, meeting rooms and private office pods.

Apartments range from studio, one, two and three-bedrooms across three buildings with 46 premium apartments offered for private ownership in the fourth building.

The affordable housing apartments, with the support of the Housing Investment Fund, will target lower rents, while the 44 short-term rental apartments support visitation and deliver an offering not currently available in the area.

Jackson Teece, creators of the iconic transit-oriented Southpoint masterplan at South Brisbane and Scott Street apartments at Kangaroo Point, were engaged to design the Indooroopilly build-to-rent project.

The firm has incorporated innovative design features into the development including a series of arches that draws inspiration from the nearby heritage-listed Walter Taylor Bridge and an extensive ‘veranda’ facing Station Road, reflecting the character of the suburb’s many classic Queenslander-style homes.

Article source: Queensland Property Investor