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THE next stage of a $1.2 billion masterplanned community in Brisbane’s eastern suburbs is underway, delivering a boost to the local construction industry.
Mirvac has started construction of Tulloch House, the $77 million second stage of the masterplanned development within the Eagle Farm Racecourse precinct, which will have 1300 workers on the site at avrious times throughout the construction period until late 2021.
The eight-level luxury apartment building will be built by Mirvac Construction, the building arm of the ASX-listed developer which is also developing the $851 million 80 Ann St tower which will be Suncorp’s new headquarters.
Ascot Green is the first racecourse-fronting apartment project to be delivered in Australia.
It forms part of Brisbane Racing Club’s $1.2 billion masterplanned redevelopment, to include luxury apartments, retirement living and aged care, commercial offices, a mix of retail, dining, medical services along with childcare and a swim school.
Mirvac general manager of residential development in Queensland Warwick Bible said construction of Tulloch House showed the demand for quality developments with owner-occupier appeal.
“Mirvac has a strong history in Brisbane — we have delivered some of the city’s most iconic project. This commitment to deliver high quality communities for our customers to call home continues now more than ever,” he said.
“We know how important it is for local construction workers and suppliers that new projects like Tulloch House continue to go ahead in this climate, and we are in a strong position to do that.
“We completed the site works for this phase of the project as part of the delivery of our first building, Ascot House, meaning we can now hit the ground running with construction of Tulloch House.”
Tulloch House features 84 one, two and three-bedroom apartments across eight-levels, with the neighbouring Ascot House recently completed comprising 90 apartments across nine-levels. Only three apartments remain at Ascot House.
Brisbane Racing Club chairman Neville Bell said it was more important than ever to move forward with projects like Tulloch House.
“Tulloch House is the next step in our masterplan and to progress it at this time, employing more than a thousand locals, is significant not just for this project but the broader industry in Queensland,” he said.
Brisbane Racing Club has already delivered a number of projects in the precinct including the Racecourse Village Shopping Centre and a state-of-the-art childcare facility, and construction is underway on the new Ascot Aquatics Centre and a retirement living and aged care project. It is also planning a new commercial office building.
Source: The Courier Mail