Brisbane-based builder-developer BPG Developments has secured Development Approval for a new luxury residential project to be built on a 2,430sqm amalgamated super-site created from three adjoining properties acquired over the past year.

Designed by Plus Studio and located at 16–22 Maud Street in the inner-city suburb of Newstead, the 15-storey, $250-million residential tower is BPG’s largest project to date and will feature 103 high-end residences supported by a rooftop wellness facility for residents as well as ground floor retail space. The developer will build the project in-house, which is expected to boost buyer confidence given the firm’s strong track record.

The tower features a curvilinear facade with detailed screening brickwork and lush greenery cascading down from each level. The rooftop, which will capture the best of Brisbane’s skyline views, spans 1,380sqm of space dedicated to wellness-inspired amenities including shaded outdoor dining nooks, a fire pit, barbeque area, sunset lounge, gym, yoga deck, magnesium lap pool, sun deck, a sauna, steam room and cold plunge pool.

Residences will range from large two-bedroom apartments to expansive penthouses on Level 15, offering an exceptional sense of scale and exclusivity.

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Having spent the majority of their lives in the inner north, BPG Developments co-founders Nick Parr and Glen Williams see the Newstead site “as an opportunity to deliver a timeless project in arguably Brisbane’s most popular suburb, where the standard for luxury design and amenities is incredibly high”.

“We are one of the few builder-developers who can build our own projects at scale so we are able to move quickly into delivery mode, which gives confidence to our purchasers,” says Parr.

BPG Projects prioritises quality over volume, explains Williams, which means they approach one project at a time.

“For us we are motivated by creating a lasting legacy in our projects, so working with Plus Studio to realise this vision has been a rewarding journey.”

Elaborating on the design journey, Plus Studio Principal Chrisney Formosa says, “Our approach was to create something emblematic that honours the precinct’s industrial heritage while establishing a new benchmark for this emerging riverside neighbourhood.”

“At ground level, a strong sculptural presence defines the building’s form, with the activated ground plane integrating retail and landscaped public spaces that will serve both residents and the broader Newstead community.”

Demand for Newstead property remains strong, with REA data showing the suburb is the sixth most searched in the Brisbane metro region and recording a 20% year-on-year rise in buyer interest – more than any other suburb in the top 10*.

MOTIV Founder Carly Cottam describes Newstead as a huge success story in the revitalisation of Brisbane, making it one of the most popular inner suburbs, characterised by its exceptional urban design and wellness-driven lifestyle.

“This new project from BPG Developments epitomises everything Newstead is about,” she observes. “Designing an entire building around the owner-occupier market with 100 percent of the floorplates representing two or three-bedroom residences means this project is primed to appeal to the right audience.”

With this approval, BPG’s portfolio grows to roughly $500 million in luxury projects across Brisbane and the Gold Coast. The Maud Street, Newstead project is expected to launch early next year.

*REA data September 2025

Architecture News & Editorial Desk

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