A $60m apartment tower in East Brisbane is on track for delivery.
The Wellington by EPV Development is on schedule with the erection of a major construction crane and the pouring of the basement level this week.
The Wellington will stand nine-storeys tall and include 127 one-bedroom and two-bedroom apartments.
Construction preparation commenced in early April 2017 on the 3,339-square-metre development on the corner of Wellington Road and Overend Street. Completion is estimated for October 2017.
The Wellington marketing manager and TOTAL Property Group managing director Adrian Parsons said it is great to see the development start to take shape and noted East Brisbane has promising prospects.
“East Brisbane is the next inner-city suburb to undergo a contemporary transformation and is quickly becoming a hot spot for young professionals,” a release about the development said.
Mr Parsons said the development had received strong interest from a range of buyers.
One-bedroom apartments are priced from $339,000. Two-bedroom options start at $450,000.