The draft master plan for the riverside Bulimba Barracks site will be released on Monday, with Brisbane City Council hailing it as a win for a local community that feared high-density development on the property.

But if the community still had concerns about the draft plan, which would allow for about 850 new homes, it only had about two weeks to make submissions.

The master plan, which was formally incorporated into the city plan on Tuesday afternoon, allowed for a maximum of five storeys on the site.

The council's neighbourhood planning chairman Amanda Cooper said the results of a community survey, released last week, were largely reflected in the draft document.

"The community said that they were extremely keen for significant green open space for the community to access and there's 2.1 hectares of land along the riverfront – that's the whole strip – that's been preserved as a park for the community," she said.