The SkyTower is set to begin construction in just a few weeks in Brisbane’s CBD and developers believe it will become an iconic Brisbane building. Once fully-built, this modern marvel will tower above Brisbane’s skyline, a colossus of the clouds, overtaking all other skyscrapers to become the city’s tallest building standing at 274 metres.
Despite SkyTower being one of Brisbane’s most prestigious and widely-touted luxury apartment developments in years, only a third of investors are Queenslanders. 20% are from overseas, while the rest are from interstate.
Next door at 111 Mary Street, a luxury hotel will also be erected. Hutchinson Builders are also hoping to win the contract for the hotel development.
The SkyTower project along with 111 Mary St, is set to bring in jobs for construction workers from now until project completion in a few years.
The SkyTower may have to share the status of Brisbane’s tallest building with another development at 300 George St which ought to reach the 274 metre mark as well once complete. These two Brisbane skyscrapers will be Australia’s equal, 3rd highest behind Melbourne’s Eureka Tower and Gold Coast’s Q1.
AMP fund manager Warwick Petschack would like people to understand that the SkyTower will become famous and synonymous with Brisbane due to its sheer size and not for any architectural significance. "It will become an iconic building because of its scale, but others will add to the Brisbane story”, he said.