A $1 Billion Vision for Toowong — Three Landmark Towers

Brisbane’s inner west is on the cusp of one of its most significant transformations. Plans have now been unveiled for Toowong Central, a proposed $1 billion mixed-use precinct featuring three landmark towers, expansive public spaces and more than 1,100 new residences. Currently in its community feedback stage, if approved, the project would reshape the skyline and significantly change the lifestyle offering of Toowong.

The Vision

Proposed by Verso Development Group in partnership with IJ Capital, the project occupies a prime 14,000sqm site bounded by Sherwood Road, Jephson Street and High Street. Designed by Kerry Hill Architects, the development application includes three residential towers ranging from 49 to 58 storeys, approximately 1,100 apartments spanning one to four bedrooms plus penthouses, around 12,000sqm of retail and dining space including a supermarket, cafes and specialty stores, commercial office space integrated into the podiums, and approximately 4,500sqm of green space supported by landscaped plazas and laneways.

ABOVE: Aerial view of the landscaped civic spaces, rooftop gardens and central pavilion proposed for the precinct.

Design and Lifestyle Features

Toowong Central has been positioned as more than just a high-density residential project. The proposal includes four distinct civic spaces — Sherwood Plaza, High Street Park, Central Plaza and Jephson Terrace — all connected by walkable laneways and public realm improvements. The design also incorporates subtropical landscaping through rooftop gardens, podium planting and slot gardens within the towers themselves.

Residents would have access to lifestyle amenities such as pools, gym facilities, rooftop terraces and generous communal spaces. There is also a heritage component, with historic structures such as Carver & Co proposed to be retained and adaptively reused. Sustainability measures flagged within the proposal include rooftop solar, external shading, stormwater reuse and waste recycling initiatives.

ABOVE: An evening view of the proposed Central Plaza, with dining and gathering space beneath the landmark pavilion.

Connectivity

One of the project’s strongest features is its location. The site sits immediately adjacent to Toowong Village and Toowong train station, and is close to the Bicentennial Bikeway and several major bus routes. The proposal also includes plans to improve pedestrian connectivity and reconfigure parts of Sherwood Road to better manage access and movement around the site.

For future residents, this points to a more walkable and potentially car-light lifestyle, with strong access to the CBD, major education hubs and surrounding amenity.

Community Conversation

As expected for a project of this scale, the proposal has already generated discussion around its broader impact on the suburb. At up to 58 storeys, the towers would become some of Brisbane’s tallest outside the CBD, which naturally raises questions around built form, skyline change and neighbourhood character.

Traffic and infrastructure are also likely to be major points of debate. Introducing around 1,100 households into this part of Toowong will place additional pressure on local roads, services and public infrastructure. While higher density close to transport is sensible in principle, the practical question is whether the surrounding road network has been given enough consideration.

That issue feels particularly relevant in Toowong because the suburb does not only serve its own local population. It also acts as a gateway to the western suburbs, with thousands of residents moving through the area each day. That makes the conversation here slightly different to similarly scaled precincts such as West End Village or Newstead Gasworks, which do not carry the same level of through-traffic pressure.

The Hurdle: What Brisbane City Council Has Asked For

That community conversation is no longer just theoretical. On 8 May 2026, Brisbane City Council issued a formal ‘further advice’ letter on the application (reference A006836692) following public notification. Rather than waving the plans through, Council identified a lengthy list of matters — 48 in total — requiring amended plans and additional information before the proposal would be consistent with the expectations of the Major centre zone and the Toowong–Auchenflower Neighbourhood Plan under Brisbane City Plan 2014. It is not a refusal, but it is a significant roadblock: the project cannot meaningfully progress until the developer reworks several key elements and responds.

The single biggest sticking point is height. Council considers the proposed towers a clear departure from what is anticipated for the site, noting that “Toowong centre does not form part of the inner city context” and is therefore not intended to carry inner-city densities, heights or built form. The proposed heights are also expected to cast extended overshadowing. On top of that, the six-storey podium fronting Sherwood Road exceeds the four storeys anticipated in the neighbourhood plan and, at roughly 26 metres, is described as “imposing” to the street. Council has asked for a revised proposal with lower, more contextual building heights.

Heritage is another major theme. Council raised serious concerns about the proposed gutting and stripping of the historic Carver & Co building, the plan to build over and below it, and excavation beneath its original Brisbane Tuff footings — warning the current design could substantially impact the heritage values of the place. The proposed demolition of the building’s internal stairs and half of its upper floor was found to lack valid justification under the Heritage overlay code, and building around the structure would erode its setting and visibility in the High Street streetscape. Council wants the heritage place better respected, restored and sensitively integrated.

The letter also pushes hard on street life. The Sherwood Road ground level is dominated by hotel, office and residential lobbies rather than the active, small-scale retail and food and beverage uses expected on what the plan treats as a primary frontage. Relatedly, the proposed ‘Toowong Watering Hole’ public space was found not to deliver the vibrant, equitable ‘precinct heart’ the neighbourhood plan envisages for the corner of Sherwood Road and High Street, partly because of its location away from the retail precinct and the access barrier created by extensive stairs.

Beyond these headline issues sit dozens of more technical requirements: increasing tower setbacks so neighbouring sites can still achieve the required separation, enlarging and relocating the urban common, committing to public art, and a long run of transport matters — Council rejected the report’s 0% traffic-growth assumption as unreasonable, flagged an oversupply of non-residential parking at double the maximum rate, and did not support a proposed mitigation at the Sherwood Road/High Street intersection. Add to that road dedications, loading and waste-servicing redesigns, stormwater and overland-flow investigation, a request to lift deep planting above the current 6.2%, and noise concerns around co-located uses, and the scale of the rework becomes clear.

In practical terms, the ball is now back with the developer and its consultants. Addressing this volume of feedback — most importantly a meaningful reduction in height and a reworked heritage and street-level design — is likely to take months, and there is no guarantee the amended scheme will resemble the towers first unveiled. For now, the timeline for any decision is genuinely uncertain.

What This Means for Toowong Property Owners

For homeowners and investors in Toowong, as well as neighbouring suburbs such as St Lucia, Taringa and Indooroopilly, the Toowong Central proposal is more than just a skyline story. It has direct implications for the local property market.

Projects of this scale tend to attract significant buyer attention, not only to the development itself but also to the surrounding housing, townhome and unit markets. Buyers drawn to improved amenity, retail, dining and transport often widen their search radius once they become more engaged with a suburb.

There is also the potential for flow-on value growth. Comparable projects near key transport and retail nodes, such as The Ambrose in Milton or West Village in West End, have helped strengthen surrounding property values over time. While every precinct is different, there is a reasonable argument that Toowong could experience a similar uplift if this project gains momentum and successfully activates the suburb.

Developments of this nature also tend to change buyer demographics. Professionals, downsizers and investors are often drawn to new mixed-use precincts, which broadens the buyer pool and can intensify competition across neighbouring established stock. Perhaps just as importantly, retail activation, dining offerings and laneway-style public spaces can materially improve a suburb’s lifestyle appeal — which historically has supported stronger demand for nearby established homes and investment properties.

Final Thoughts

The unveiling of Toowong Central is more than just another development application. It represents a broader vision for how Brisbane’s established suburbs may evolve over time, becoming denser, greener and more connected. For residents, investors and business owners in Toowong, this billion-dollar proposal could mark the beginning of a very different chapter for the suburb.

That said, from a density point of view, one of the biggest questions remains whether enough consideration has been given to the roads surrounding the development. Toowong is not simply accessed by locals and nearby workers. It is a key gateway to the western suburbs and already absorbs substantial daily traffic movement. That makes traffic impact, road capacity and broader infrastructure planning far more important here than in other large-scale precincts around Brisbane. The opportunity is significant, but so is the need to get the balance right.

⚠ Disclaimer: Images are artist’s impressions of the proposed Toowong Central development by Verso Development Group and are subject to change and planning approval. This article is general information only and does not constitute financial, property or legal advice.