DESIGN A BREATH OF FRESH AIR
A Singaporean company will build its first Brisbane residential development just 3km from the CBD, with local building firm Tomkins appointed to construct the two-tower project.
Park Central will be built next to the Buranda Train Station, the Eastern and South Eastern busways and the Pacific Motorway.
Developer Wee Hur Holdings chose the Woolloongabba site, which was bought from another developer for more than $50 million, due to its proximity to major public transport infrastructure and arterials.
Just over 10 per cent of apartments within the first building have sold off-the-plan during presales, with an official launch expected when construction starts later this year.
Rachel Hutson of Colliers International, which is marketing the project, said early purchasers had been a mix of local owneroccupiers and first home buyers.
She said Park Central One – the first residential building to be constructed – was proving attractive due its central location.
“The buildings have been designed by multiaward winning Woods Bagot architects, reflecting a design ethos for ‘Buildings that Breathe’,” she said. “The first building, Park Central One, references the neighbouring green corridor via a vertical living facade that complements the adjacent parklands and draws them into the residences and up to a spectacular rooftop garden terrace taking in spectacular views of the CBD and surrounds.”
Park Central One will consist of 168 one and two bedroom apartments over 18 levels, with prices starting from $350,000. CoreLogic data shows the median sales price for a unit in Woolloongabba is currently $451,500.
Each apartment has been designed to maximise space and views, with a designer kitchen featuring a distinctive splashback, reconstituted stone island bench and quality appliances. The open plan living spaces flow to a spacious balcony.
Park Central, as a whole, will be a $1 billion masterplanned, transit-oriented, development hub, comprising student accommodation, luxury apartments, retail, entertainment and dining precincts.
The two student accommodation towers are under construction now, and are expected to be completed mid-year. Park Central One is expected to be completed by the end of next year.
The developer will then construct a retail podium, from which two more residential towers will rise.
A “sky park” will be built on top of the two tower complex, and will include a club lounge, outdoor dining and entertaining areas, lap and lagoon pool with infinity edge and waterfall, jogging track, outdoor gym equipment, table tennis, bocce, yoga lawn, grassed kick-about area, outdoor cinema and fenced off-leash dog park.
Park Central One is proving attractive due its central location in Woolloongabba. It is next to the Buranda Train Station, the Eastern and South Eastern busways and the Pacific Motorway.