A riverside site in Milton currently occupied by a four-storey office building could soon be transformed into a 30-storey residential tower, following a development application lodged with Brisbane.
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Silverstone Developments, which owns the 2,339 sqm site at 299 Coronation Drive, had previously secured approval for a 26-storey office building. However, shifting market conditions and rising commercial cap rates led the company to reconsider, opting instead for a residential tower.
The new proposal (A006721031) includes 192 apartments, a four-storey podium, and a rooftop wellness retreat. Designed by architecture firm Woods Bagot, the building’s design incorporates open-air balconies, natural ventilation strategies, and landscaped public spaces. A publicly accessible plaza, deep planting zones, and a café are also planned at street level to enhance pedestrian activity along Coronation Drive.
Located along the northern bank of the Brisbane River, the site benefits from direct access to the Milton Ferry Terminal, Milton Railway Station, and the Bicentennial Bikeway. Traditionally an area dominated by office buildings and light industrial spaces, Milton has seen a growing interest in residential development due to its proximity to the city.
The proposed tower, which retains the same 110.05-metre height as the previously approved office project, features a mix of larger apartments and resident-focused amenities. Its design aligns with Brisbane City Council’s Buildings That Breathe guidelines, which encourage sustainable and climate-responsive architecture. The podium incorporates textured masonry planter boxes, perforated metal screens, and subtropical greenery to create a softened streetscape.
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Because the site was originally zoned for office use, the development application is subject to impact assessment and public consultation. The shift from commercial to residential use reflects broader trends in Brisbane’s property market, where demand for office space has fluctuated while the appetite for well-located housing remains strong.
Published 11-March-2025
