Brisbane’s inner west is on the cusp of one of its most significant transformations. Plans have been unveiled for Toowong Central — a $1 billion mixed-use precinct featuring three landmark towers, expansive public spaces, and more than 1,100 new residences. If approved, the project will reshape the skyline and redefine the lifestyle offering of Toowong.

The Vision

Proposed by Verso Development Group in partnership with IJ Capital, the project occupies a prime 14,000m² site bounded by Sherwood Road, Jephson Street, and High Street. Designed by Kerry Hill Architects, the development proposal includes:

Three residential towers ranging from 49 to 58 storeys
~1,100 apartments (1–4 bedrooms, plus penthouses)
12,000m² of retail and dining including supermarket, cafes, and specialty stores
Commercial office space integrated into the podiums
4,500m² of green space and a network of landscaped plazas and laneways

Design & Lifestyle Features

Toowong Central has been carefully planned to deliver more than just housing. Key features include:

Public plazas: Four distinct civic spaces (Sherwood Plaza, High Street Park, Central Plaza, Jephson Terrace) connected by walkable laneways
Subtropical landscaping: Rooftop gardens, podium planting, and “slot gardens” built into the towers
Amenities: Pools, gym facilities, rooftop terraces, and generous communal areas
Heritage integration: Retention of historic structures such as Carver & Co for adaptive reuse
Sustainability: Rooftop solar, shading, stormwater reuse, and waste recycling initiatives

Connectivity

The site’s location provides exceptional transport and lifestyle access:

Adjacent to Toowong Village & train station
Close to the Bicentennial Bikeway and multiple bus routes
Plans for improved pedestrian connectivity and road reconfiguration along Sherwood Road

For residents, this means car-free convenience, easy city access, and a strong walkable lifestyle.

Community Conversation

While the project promises transformative benefits, it has also attracted discussion:

Scale and height: At up to 58 storeys, the towers would become some of Brisbane’s tallest outside the CBD
Traffic and infrastructure: Around 1,100 households will place new demands on roads and services
Neighbourhood character: Balancing Toowong’s established streetscape with high-rise living is a key consideration

The proposal is currently under assessment, with outcomes expected to be debated at both council and community levels.

Local Insight: What This Means for Toowong Property Owners

For homeowners and investors in Toowong and neighbouring suburbs such as St Lucia, Taringa, and Indooroopilly, the Toowong Central proposal is more than a skyline change — it has direct implications for the local property market:

Increased Buyer Attention: High-profile developments attract interest not just in the towers themselves, but in surrounding housing, units, and townhomes. Buyers drawn to the lifestyle and amenity often expand their search radius.
Flow-On Value Growth: Similar projects near transport and retail hubs (e.g., Milton’s “The Ambrose” or West End’s “West Village”) have helped strengthen neighbouring property values. Owners in Toowong can reasonably expect a similar uplift once momentum builds.
Changing Buyer Demographics: Projects of this scale tend to attract professionals, downsizers, and investors — broadening the buyer mix and fuelling competition.
Neighbourhood Activation: Retail, dining, and laneway culture will increase Toowong’s lifestyle appeal, which historically boosts demand for nearby established homes.

For owners, the takeaway is simple: market energy tends to rise with major projects like this. Even if you’re not planning to sell, keeping updated on buyer activity around Toowong Central will help you stay ahead of the curve.

Final Thoughts

The unveiling of Toowong Central is more than just another development application. It’s a vision of how Brisbane’s suburbs are evolving — denser, greener, and more connected. For residents, investors, and business owners in Toowong, this billion-dollar project could mark the beginning of a new chapter. '

From a density point of view, has there been enough consideration given to the roads surrounding the development? Toowong isn’t just accessed by locals and people who work nearby; it is the gateway to the Western Suburbs that sees thousands of residents commute through the suburb each day… Similar-sized developments like West End Village and Newstead Gasworks do not share this concern or add to the potential daily traffic jams.

Major $1b ‘Toowong Central’ Plan Unveiled Featuring Three Landmark Towers