Developer Kokoda Property has acquired a 1,640 sqm site in the Brisbane suburb of Milton for about $11 million, with plans to develop a $160 million apartment tower.  

The Crombie Street project will comprise about 160 apartments across 22-storeys, with a rooftop pool, private dining, health and wellness space and gym.   

Kokoda has appointed architects Cottee Parker for the new project, having worked with them on The Ambrose project. 

Since launching in early 2021, The Ambrose was over 98% sold with the four remaining penthouses due to tip the project to a sell-out success once they hit the market. 

The Crombie Street project will add to Kokoda’s $2.5 billion pipeline of projects across both Queensland and Victoria, inclusive of 1,600 apartments under development.  

Kokoda Property Founder and Managing Director Mark Stevens said all indicators point towards a robust market.  

“Brisbane is a market primed for growth and Kokoda is excited to be playing a leading role with the announcement of another first-class development, in a sublime location,” Stevens said.  

“Brisbane is rapidly transforming into a new world city; its culture, business centre, technology, and lifestyle is evolving with over $40 billion of infrastructure investment planned, so naturally there is a shift occurring with demand now skewed towards sophistication and luxury residential design. 

“Kokoda’s heritage lies in high-end luxury so this narrative carries through our brand into all our projects. Continuing this history is extremely important to us as this high-grade offering lies at the core of the company’s value proposition.” 

The project is earmarked to launch an expression of interest campaign in late March 2023. 

Kokoda Property was founded more than 25 years ago and has a development portfolio of $2.5 billion across Victoria and Queensland. 

An artist impression of the Crombie Street project.