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If it proceeds, community members say the $130 million development would completely re-shape the area, eclipsing any other building along the bay.
The proposal includes 275 units in a 27-storey mixed-use tower on the corner of Bay Terrace and Charlotte Street in the Wynnum CBD.
It would host roof-top pools, restaurants, a gym, cinema and a five-storey carpark.
The development application was lodged last week by Ham Bros Pty Ltd.
The site currently has a zoning limit of eight storeys.
Opposition councillor Peter Cumming said he feared the area could be turned into a “mini Gold Coast” if it went ahead in its current form.
“This proposal is more than three times the height limit of what’s allowed under the neighbourhood plan,” he said.
“Local residents wouldn’t want the Wynnum-Manly foreshore to become a mini-Gold Coast.”
A Brisbane City Council spokeswoman said the application was yet to be assessed.
If proposals do not fit within current zoning regulations, developers are allowed to lodge a special appeal to get projects passed.
The proposed tower would sit on two lots, including a 1619 square metre parcel of land purchased from Brisbane City Council a year ago for almost $2.5 million and an existing shopping centre purchased from a private seller in 2018 for about $11.25 million.
Neighbouring shop owner Patricia Garofalo said she would welcome a new development but had reservations about the shadow from such a tall structure.
“I don’t mind a new development but I think the shadow cast from something that’s 27 storeys is probably not reasonable,” she said.
“The shadow cast is not ideal.
“I’m all for new developments coming in and people coming into the area but I think 10 storeys might be the max.”
Ham Bros director Justin Ham told Nine News he welcomed community feedback on the proposal.
“The Wynnum CBD has had very little development in the last 30 years,” he said.
“It is largely a commercial precinct and we believe it needs an influx of mixed developments incorporating residential units to stimulate its economic activity.
“Our proposed development is in the designated Wynnum CBD area only and it is not meant as a model for all of Wynnum.
“We await feedback from council and are happy for community feedback as the proposal takes form over the coming months.”