Construction has commenced on 160 Macquarie Street, St Lucia’s first riverfront residential development in more than a decade.
Developer QM Properties has appointed construction firm McNab to build the luxury development at 160 Macquarie Street on the Brisbane River.
The Rothelowman-designed development of 33 three-bedroom apartments is already 80 per cent sold, with 27 apartments raking in $58 million, an average sale price of $2.28 million.
Prices start from $1,375,000 for the three-bedroom apartments spanning 139 sqm of living space.
Andrew Roubicek, Director of Residential at Colliers International, said 160 Macquarie Street has been one of the best performing residential projects in Brisbane.
“160 Macquarie Street is a remarkable project as evidenced by the strong sales achieved prior to construction,” Roubicek said.
“Since April 2020 the median sale price for apartments in St Lucia has increased by 9.1 per cent revealing the suburb to be one of the most in-demand areas in Brisbane.”
The project will feature a sky garden on its rooftop, with mature trees as part of an expansive recreation terrace which will also offer a private dining room with city skyline views from the 15th level.
QM development manager Glenn Rix said there were no other riverfront projects in the pipeline at St Lucia, making 160 Macquarie ‘one of a kind’.
“Neighbouring areas like West End, Toowong and South Bank have a number of riverfront projects in train, but St Lucia has remained a tightly-held pocket and sites like the one we have for 160 Macquarie are extremely rare,” he said.
“We’ve taken a unique site and have worked with award-winning architects Rothelowman to create a building to match, with statement features like the sky garden, which connects the rooftop with the riverfront.
“We’ve brought the outside in throughout the whole building, with a natural interior palette led by finishes such as oak timber floors and natural dolomite stone benchtops, in oversize apartments offering up to 246 sqm of living space.
Article Source: www.urban.com.au