Construction has commenced on the $60 million The Wellington boutique apartment development in East Brisbane, following a strong sales campaign achieving more than $28 million in new apartment sales in less than three months of launching.
The Wellington, the latest project by innovative inner-city property developers EPV Developments, is a nine-storey tower incorporating 127 spacious one-bedroom and two-bedroom apartments, expansive residential recreation facilities, and a ground floor specialty retail and dining precinct just 2.5km from the Brisbane CBD.
Construction preparation commenced early April with the demolition of the existing old buildings on the 3339 square metre development site on the corner of Wellington Road and Overend Street in the highly sought-after inner city suburb of East Brisbane bordering on Woolloongabba, with an estimated completion date of October 2017.
EPV Developments has appointed leading Queensland civil and construction contractor McNab as the builder of The Wellington.
McNab has more than two decades of experience in the construction industry and a well-established reputation for completing projects of the highest quality within development schedules.
Over the years McNab has delivered landmark projects for a broad range of clients including many national industry leaders and state private developers.
EPV Developments director Denis Mackenzie said that after due diligence research and consideration the company was happy to announce McNab as the appointed builders of the nine storey mixed-use The Wellington development.
“It is always exciting to see construction start on any new development, particularly on such a perfectly positioned site in a major growth suburb,” Mr Mackenzie.
“The concept for our latest project was to create affordable, quality apartments in a prime location,” he said.
“Our innovative construction techniques will increase the efficiency of the project while maintaining quality craftsmanship and we are aiming for completion around the end of 2017.
“Our vision as developers is to play a significant role by offering the highest quality, well-positioned, prestige apartment building developments that contribute to the beautification of the cityscape.
“We aim to make the most of The Wellington’s prime location by creating a development where residents can enjoy convenient, luxurious inner-city apartment living with expansive city views and a real sense of style and sophistication about where they are living.”
The Wellington marketing manager and TOTAL Property Group managing director Adrian Parsons said it is an exciting time for the developers and its purchasers, who will be able to see construction of their brand new apartment building rolling out.
“Inner-city apartment living is becoming increasingly popular and the limited availability of new apartment developments in high growth areas like East Brisbane is resulting in ongoing strong demand from buyers and tenants,” Mr Parsons said.
“We are continuing to see very strong interest in The Wellington as we move into the construction phase, with both owner occupiers and investors recognising the unique opportunity presented by this clever and contemporary new development,” he said.
“The Wellington apartments are available in a variety of floor plans and are competitively priced from $354,000 for one bedroom apartments and from $470,000 for two bedroom apartments.
“Buyers are seeing quality and value in the design of The Wellington apartments, which combines chic modern aesthetic with stylish inner city living.
“The Wellington is designed to offer residents captivating city views as well as garden views afforded by unique central atrium, which allows natural light and breezes to flow into the spacious apartments.
“Buyers have responded to The Wellington’s luxurious recreational facilities including a rooftop pool area with spectacular views of the city skyline, a second floor barbecue and garden area, plus a vibrant boutique dining and retail precinct on the ground floor inspired by New York’s Chelsea Markets.
“Savvy owner-occupiers and investors also recognise the lifestyle appeal that comes from The Wellington’s highly desirable location adjacent to the world-class Gabba sporting stadium and within metres of the vibrant Woolloongabba / East Brisbane dining precinct.”