Cavcorp Files Plans, Frank Turns Dirt as Brisbane’s Teneriffe Rises

Cavcorp has revealed plans for its latest wellness-anchored addition to the inner-city Brisbane skyline, lodging a proposal for vertical “house-scale living” across a 15-storey luxury tower.

Slated for a prime 3401sq m site at 55 Wyandra Street, Teneriffe, it is one of two projects in the neighbourhood moving forward.

About 4km north-east of the CBD, it is a familiar stomping ground for Brisbane developer Cavcorp—with its portfolio of developments including the nearby Long Island Wellness Precinct and towers Luminare and LeBain.

To be known as Teneriffe House, the new proposal supersedes a previous 2008-2012 approval for the site, upgrading the vision to meet contemporary demands for high-end urban living.

This includes  a lower ground mobility and lifestyle hub including golf simulators, a bike workshop, Optimus robot logistics room, climate-controlled wine storage and a dedicated Uber pick-up zone for additional resident safety and security

At the heart of the revised scheme, designed by Plazibat Architects, is an 85m cross-block pedestrian link—dubbed Teneriffe Lane—between Wyandra and Helen streets, providing a connection to the heritage riverwalk.

Cavcorp director Damien Cavallucci said Teneriffe Lane was central to the vision for Teneriffe House.

“Teneriffe Lane is more than a laneway—it is a permanent contribution to Brisbane’s public fabric,” he said.

“The 85m connection links into Cavcorp’s broader Long Island Gasworks vision, including the 8000sq m public piazza at Newstead, and transforms a former private easement into a safe, activated pedestrian route for the whole community.

“This is the kind of public realm that makes a neighbourhood more walkable, more connected and more enjoyable. It strengthens the relationship between the heritage riverwalk, Teneriffe’s Woolstore character, transport, dining, retail and the next generation of Brisbane’s urban village living.”

The laneway would be embedded within a loggia—a reverse podium structure inspired by Mediterranean climatic adaptation principles and Brisbane’s “urban verandah” concept.

▲ Renderings of the 15-storey tower proposed by Cavcorp for 55 Wyandra Street, Teneriffe.

Overall, the proposed tower would accommodate 93 apartments—73 of them with sprawling four-bedroom “sky terrace” and “sky pool” floor plans—targeting affluent downsizers and families.

“The larger-format apartments…offer the scale and comfort of a suburban house, thoughtfully reinterpreted within a contemporary vertical living environment,” the application said.

Upper-level apartments would include expansive ceiling heights and custom wellness-focused features “including private balcony thermal pools and high-performance acoustic floor, ceiling and wall systems to support privacy, comfort and long-term liveability”.

Under the plans, five levels of wellness and communal amenities are to be integrated across the tower “layering resort‑grade recreation, work‑from‑home facilities and everyday convenience from lower levels to rooftop…positioning Teneriffe House as a ‘longevity wellness’ residential address”.

Crowning the tower, a rooftop swim and racquet club would feature a tennis court and two pools surrounded by shaded lounge decks, spas, outdoor gym, fitness/meditation lawn, barbecue and dining terraces.

▲ A rendering of the rooftop of the 15-storey tower proposed by Cavcorp for 55 Wyandra Street, Teneriffe.

According to an architectural statement, the proposed development is “a slender, clearly defined tower form…[that] establishes a landmark outcome”—transitioning from 15 to eight storeys “maintaining the visual prominence of the former Woolstores”.

Basement parking would include 231 resident car parking spaces, 17 visitor spaces and 10 auto-drive spaces.

“Teneriffe House is about creating a lasting contribution to the precinct,” Cavallucci said. 

“It respects the character of Teneriffe while adding new public connections, new lifestyle infrastructure and a new benchmark for elevated subtropical living in Brisbane.”

Frank Group midrise tower under way

Meanwhile, up the road at 37 Wyandra Street, another local developer has turned dirt on a midrise tower comprising 45 apartments across 10 levels—without inking a sale.

Frank Developments—led by Frank Licastro—is doubling down in Teneriffe with its Murano project, just two doors up from 33 Wyandra Street where its almost sold-out 26-apartment Ducale development is also under construction.

Named after the Venetian island renowned as the world's centre of glass-making artistry, it will accommodate a mix of one to four-bedroom apartments—including two half-floor penthouses.

▲ Renderings of Frank Developments' midrise Murano project under construction at 37 Wyandra Street, Teneriffe.

According to the developer, the project's pre-release launch has hit the ground running, drawing more than 500 buyer inquiries.

“Murano is the natural evolution of what we started with Ducale. The streets of Teneriffe and New Farm mean a lot to me as they are the same streets I grew up in,” Licastro said.

“These projects are cousins: same street, same commitment to craft, the same belief that Teneriffe deserves. Ducale proved the market was ready for that. Murano takes it further.”

The ByCulprit-designed scheme—with a facade featuring “Venetian curves”—is capped by a resort-style rooftop with a pool, private daybeds, sauna, gym, barbecue terrace with a pizza oven and seating, as well as a private dining room.

Murano is one of 15 active residential and industrial projects that Frank Developments has on its workbook with a combined value of $1.85 billion.