Developer defies market fears to start build on $486m Brisbane luxury tower

The 29-level Solais Residences at Newstead overlooks heritage-listed Newstead House and Newstead Park, as well as the river. With the Brisbane property market entering a correction period, the high-profile developer behind a $486m tower in Newstead says he remains confident in the city’s long-term fundamentals. Brisbane builder-developer Tom Dooley Developments, which has a long list of credentials including Gasworks Residences in Newstead and Argyle, New Farm, has kicked off construction on their latest project, the 29-level Solais Residences. The 29-level Solais Residences at Newstead. Tom Dooley Developments founder Tom Dooley and Total Property Group managing director Adrian Parsons. The luxury residential development at 176 Breakfast Creek Rd overlooks heritage-listed Newstead House and Newstead Park, and will include 164 apartments, each priced from $1.698m. “Brisbane continues to benefit from population growth, major infrastructure investment, expanding employment opportunities and constrained housing supply, while the investment and transformation underway in the lead-up to the 2032 Olympic and Paralympic Games will continue to strengthen the city’s appeal,” said founder To...