Recently, the Brisbane City Council has approved the Zononos Pty Ltd development of a three-tower which is situated in 352-364 Vulture Street and Main Street in Kangaroo Point. The development is expected to give rise to an entertainment, retail, a 325 unit residential apartment and hotel. The plan was to house a multinational-hotel in one of the towers with 290 rooms in it. A hotel bar shall be located at the 20th level of the hotel. The hotel was also planned to have a convention area to host corporate events and weddings and a sky garden on the rooftop to give a 360 degree view of the city. The brewery and restaurant precinct will be located in the ground floor of the tower. The new development known as the “K” which means K Point (Kangaroo Point) is situated close to CBD, near the famous Story Bridge, The Gabba, Kangaroo Point Cliffs, and Southbank Parklands. The said tower is very accessible through public transportation and will be linked to the proposed Cross River Rail/ TOD.