A RESIDENTIAL and commercial development is set to become a major new landmark in the Top of Town section of the CBD.
The development will be next to the McDonald's outlet and will fill the block between Brisbane and Limestone Sts.
Plans for the development show retail area of 896 square metres and 1029sqm of commercial office area.
On top of that, there are 40 residential units including eight one-bedroom and 16 two-bedroom units with another 16 having two bedrooms and a study.
There are also 63 car park spaces and a loading bay.
The property at 182 Brisbane St and 95 Limestone St is being developed by Brisbane Prestige Property Developments.
Director John Samios said his company had partnered with another leading Brisbane property developer to create the development.
Mr Samios described it as "a keenly-anticipated mix of residential and commercial development with its own distinctly cosmopolitan flavour".
"The property has two main street frontages, boasting a high exposure position in the CBD," he said.
"Research shows Ipswich is now one of the highest growth regions in south-east Queensland so there is no reason not to invest, live and work in Ipswich."
Mr Samios said that once all approvals were finalised, building would begin late this year or early next year and he anticipated the development would sell-out fast.
"We currently have an Asian consortium from Beijing which has expressed interest in the property with the intent to develop immediately," he said.
"Depending on these negotiations we will list the property for sale in the next few months."
AAA rated water conservation devices including rainwater tanks, water tap flow regulators, dual flush toilets and compliant hot water systems are to be used.