Australia-based property developer Sunland Group has unveiled plans to build a $420m residential tower project at the former Australian Broadcasting headquarters in Toowong, Brisbane.
Known as 'Grace on Coronation', the project will feature three residential towers that will resemble champagne flutes.
The towers are designed by architect Dame Zaha Hadid and features curtain wall glazing covered with a diamond pattern made from glass reinforced concrete.
Sunland Group managing director Sahba Abedian said: "Our vision is to create a vibrant urban village, which sensitively activates its urban and riverfront context through compelling architecture and landscape design.
"Importantly, it is a vision that opens up the site to the broader community through the creation of expansive public parklands, a riverside viewing platform and the transformation of Middenbury into a meaningful public space."
Ranging from 22 to 25 storeys, the residential towers will feature 486 apartments and eight riverfront villas, as well as 635 car parks and 7,300m² of landscaped public parklands.
The project site also features the heritage-listed Middenbury house built in the 1860s.
Zaha Hadid Architects founder Zaha Hadid said: "The design tapers each structure to minimise their footprint and open the riverfront to the public, creating a vibrant civic space for Toowong within a new riverside park."
Having submitted the development application with Brisbane City Council, Sunland now aims to get approval in the next six months and start construction shortly afterwards.