East Brisbane’s urban renewal will receive another boost this month with the start of a new $25 million boutique, mixed-use development catering to demand for apartment living in the popular riverside precinct.
Mowbray East Brisbane is a nine-level complex featuring one and two bedroom apartments and street-level commercial space. It is being developed by one of Brisbane’s leading private developers QM Properties and will occupy the site on the corner of Lytton Road and Manilla Street, next to the Shafston Hotel in East Brisbane.
The pre-sales marketing period is to commence next week coinciding with the commencement of the demolition of the site. The project will be officially launched in April 2013. Construction is expected to commence in July, with completion due in late 2014.
Project Manager Nick Haseler said Mowbray East Brisbane will continue the suburb’s regeneration by complementing the area’s local character, while meeting the need for contemporary living.
“Given the areas natural assets and close proximity to the CBD, East Brisbane is really only now starting to see the renewal momentum that other similarly-placed suburbs like Kangaroo Point, South Brisbane and New Farm have already enjoyed,” he said.
“Mowbray East Brisbane is catering to this growing demand for well-planned, well-designed, medium density communities in near-city suburbs, which are supported by great local retail and recreation facilities.
“Located just two kilometres to Brisbane’s CBD, with bus and ferry connections on its doorstep and close proximity to major universities and hospitals, Mowbray East Brisbane is sure to be popular with investors and owner occupiers alike.”
The majority of the one and two bedroom apartments priced from $339,000 will feature river and/or city views, and are complemented by secure basement parking and a residents’ rooftop terrace. There will be a variety of well-designed apartment with quality finished that are sure to appeal to both investors and owner occupiers alike.
QM Properties is one of the largest and most successful property development companies in Queensland with more than 40 projects throughout south east Queensland including award winning work at master planned communities such as Pacific Harbour at Bribie Island and Noosa Waters along with commercial precincts like ‘The Barracks’ on Petrie Terrace.
More information is available at www.mowbrayeast.com.au or by phoning 1800 354 443