Demand for apartments has changed in Brisbane over recent years. The expectations of the size and features of the apartments has also evolved. Some suburbs have an oversupply while others are ripe for opportunity. With the development of the university in the Kallangur region, the opportunities for this site certainly outweigh the challenges.
In addition to measuring demand for new apartment stock, Stitch must also work within the constraints of the planning zone. A Next Generation Neighbourhood, the site will require a frontage that allows for pedestrian priority, incorporates sub-tropical urban design principles that respond to local climatic conditions, maximise energy efficiency and water conservation, and be of a scale and density consistent with the low to medium density residential character of the area.
Even with existing apartment supply in the area, opportunity exists to offer a product that has a real point of difference and Stitch sees this as the main drawcard of the Kallangur property. The site is set back from the road and has a large, established garden with mature trees on site. If development of the property goes ahead, Stitch envisages buildings that are different from the standard apartment design and will cater for a variety of investors and tenants.
Images: Kart Projects