The foundations for another new luxury apartment complex are being laid in a huge hole at Teneriffe as the Brisbane property market continues to boom.
Dubbed “Brera”, the building at 31 Doggett Street in Teneriffe will include 14 three-bedroom units across eight storeys, a food and drink outlet on the ground floor, office space and a rooftop recreational area with a 25-metre swimming pool.
The block has a direct line of sight to the CBD and Fortitude Valley, and is about a 300-metre walk to the centre of James Street in New Farm.
There’s no information on the developer’s website about prices, but the apartments are unlikely to come cheap – the median price for three-bedroom units in Teneriffe was just under $2 million at the start of 2026.
Before its transformation into a 15-metre-deep pit, the address was an unassuming three-story commercial building occupied by furniture and homewares store Life.
The huge area dug out will house 68 car spaces – more than three per apartment – across three underground levels.
On Friday afternoon about half-a-dozen workers were on the site, where a towering crane had been erected for the beginning of construction.
The development is likely to be completed in mid-2027. New documents were lodged with Brisbane City Council in January outlining the building schedule.
Developers did not respond to a request for comment from this masthead, but a website for the project describes the building as a “genuine urban landmark” and says it will be unlike anything else in the city.
“Brera is an unprecedented lifestyle opportunity,” the page proclaims in all capital letters.
“Each day will … place a plethora of health and wellness offerings at your doorstep, and put you close to the heart of Brisbane’s premier dining and shopping precinct.”
Some residents previously raised concerns about the development, arguing it would increase traffic along Doggett Street and overshadow surrounding buildings.
“This proposal significantly increases the risk of a traffic or pedestrian incident occurring, potentially resulting in significant injury,” one said in a submission to council.
Another added: “The building is too high, and bulky, it does not provide proper setback, and it’s significant over development of the site.”
Architect firm Richards & Spence designed Brera on behalf of developer Forme. Graya has been contracted for its construction.
This masthead reached out to all for further information.
