The first residential tower within Park Central – a new AU$1 billion (US$760 million) master planned, transit-oriented development in Woolloongabba – will be launched in June 2017.
Park Central One will feature 168 one- and two-bedroom apartments across 18 levels with ground floor retail and a rooftop garden terrace that will include a swimming pool, deck, and gym.
Developed by Singapore based Wee Hur Holdings Ltd, the residential tower is designed by Woods Bagot, and Tomkins has recently been appointed as the builder, with construction expected to commence later this year.
“Park Central One was designed for a local owner or a tenant wanting a convenient and active lifestyle, only seven minutes from the Brisbane CBD,” said Rachel Hutson, Residential Project Manager at Colliers International, who is marketing the development. “Being part of a transit-oriented development, Park Central One will be a hub of activity offering residents direct connection to Buranda busway and rail stations, as well as dedicated bikeways link to Southeast Freeway and the Norman Creek Bikeway and Greenway.”
One-bedroom apartments, averaging 60 square meters, are reportedly selling anywhere from AU$350,000 to AU$425,000 (US$266,000 to US$323,000). Meanwhile, two-bedroom apartments average 90 square meters, with prices ranging from AU$485,000 to AU$690,000 (US$368,600 to US$524,400).
“Full-height glazing and spacious balcony maximize both space and views, with Brisbane CBD views seen from one side of the building and extensive green views of Hanlon Park and Thompson Estate Reserve on the other side,” Hutson added.
The future stages at the development will include additional residential apartments and student accommodation, all positioned around a 4,300-square-meter “sky park” and a 16,000-square-meters retail precinct anchored by a supermarket, specialty stores, and dining.
For more on this story, go to Brisbane Development.