BUYERS FLOCK TO CHIC CBD LUXURY
RICH-LISTER Sam Chong said d he has “full confidence” in the $325 million mixed-use project he has backed – and it was easy to see why.
More than $60 million in sales was recorded within days at the newly launched Mary Lane project in Brisbane’s CBD. D.
Mr Chong was in Brisbane for an official launch event of the development, which will include 184 apartments, fivestar Westin hotel with 286 rooms, and high-end retail.
Colliers International director residential Andrew Roubicek is marketing the project, and said within days of the opening of Mary L Lane’s’ sales suite February 20 about 80 sales, worth more than $60 million, had been achieved.
“I would suggest this achievement makes Mary Lane the best performing project in Brisbane considering the average price of all residences e exceeds $900,000” $900,000,” he said said.
Mr Roubicek said Mary Lane had set another Brisbane record, being the quickest time a project has gone to market and started construction, with work due to start this month.
Mary Lane development manager Ian Pert, of GMP Management, said the design was influenced by Asia, where the hotel and residences lifestyle was more common.
However Mr Pert said it was vital for the project’s street level to be “people dominated” rather than the “vehicle dominated” style often seen with hotels.
“Our design is all about the b bar and restaurants that spill out onto Mary Street and Mary Lane. You have to create that connection and make it permeable so people want to go in and use it,” he said.
Apartments and penthouses are priced from $460,00 to more than $2 million.
FUSION DESIGN: The Mary Lane project in the Brisbane CBD will include 184 apartments, five-star hotel with 286 rooms, and high-end retail.