PHOTO: Tom Dooley, of Tom Dooley Developments, at the riverfront development site he has just bought at 42 Maxwell St, New Farm. Picture: Richard Walker/RDW Photography. Source: Supplied

BRISBANE’S high-end apartment market is about to hit new heights with a major developer snapping up a prime riverfront site for about $23 million, amid a growing hunger for luxury living.

Tom Dooley plans to build a multimillion-dollar residential development on the massive 2333 sqm of land, spanning three blocks, at 42 Maxwell Street in New Farm, as the battle for Brisbane’s riverfront heats up.

Revealing the purchase exclusively to The Courier-Mail, Mr Dooley, of Tom Dooley Developments, said he could not pass up the opportunity to buy the site as it was the best parcel of land he had ever seen in New Farm.