The first stage of development of
The Milton was turned at the end of March, officially marking the start of construction on FKP’s $210 million mixed-used development.
The Milton, located on 55 Railway Terrace, integrates transport with residential living, offering residents front door access to Milton Railway Station; one of Brisbane’s busiest railway stations. It is the first major integrated Transit Oriented Development (TOD) to be released under the South East Queensland Regional Plan.
The TOD concept, and the development’s central location near cosmopolitan Park Road, has already appealed to many buyers.
More than 65% of the one and two bedroom apartments, which are 1.5km from Brisbane’s CBD, already sold off-the-plan, for a total of $110 million.
The Milton which includes 298, one- and two-bedroom apartments, over 30-storeys, is designed by award-winning Queensland architects and interior designers, DBI Design, the company behind Jumeirah at Etihad Towers in Abu Dhabi.
One-bed, one-bath apartments range from 59sqm to 64sqm and are priced from $410,000 for apartments without a car park or $459,000 for apartments with a car park. Two-bed, two-bath apartments range from 84sqm to 96sqm and are prices from $655,000. A select number of three bedroom apartments are also available.
Floor-to-ceiling glass allows for natural light in the apartments, while European appliances and modern fittings and finishes in the open-plan spaces give a contemporary and practical feel.
FKP has released approximately 1,200sqm of street level retail space, which will front Railway Terrace and inject new retail options to the existing eclectic mix of cafes, restaurants and boutique shops already on offer on Park Road.
Approximately 1,200sqm of first-floor commercial space will also be available.
The spacious and contemporary development will give buyers a taste of luxury and is set to complement Milton’s modern style living.
Resort style facilities, including a roof top observation deck and leisure deck featuring a pool, gymnasium, sauna and landscaped barbeque area will feature furnishings from Italian fashion house, Armani’s Armani Casa division.
Adding to the luxuries, The Milton will be Australia’s first 5-Star
Minor International (MINT) managed residence offering hotel-style services such as room service, which aims to set The Milton apart from other residences in Brisbane.
DBI Design Managing Director Warren Coyle says their primary goal is to complement the assets of a building's location, and the design inspiration for The Milton initially seeded from the Transit Oriented Development (TOD) focus of the building.
"The Milton integrates public transport with residential living, giving residents front door access to Milton Railway Station," he said.
"It's a mixed-use development that has been designed to offer a truly unique lifestyle, with an unbeatable level of convenience, with residential apartments, commercial space and a ground level retail precinct.
"It offers a contemporary design, with spacious liveable apartments and generous balconies and the majority of apartments have been oriented towards the city, providing panoramic city and river views."
Glynn Tucker Consulting Engineers Director Emilio La Monaca says he has worked closely with DBI to ensure the project’s success.
"The 30 storey development is structurally designed to accommodate the diverse mix of residential, commercial and retail uses, each with their own individual spatial requirements, and above ground parking."
According to marketing agent Bryce O’Connor, of 360 Project Marketing, The Milton will appeal to buyers due to its convenience and the lifestyle it will offer in the sought-after suburb.
“The Milton is Brisbane’s premier buying opportunity for those who want the complete package - a strategic location, strong property fundamentals, fantastic lifestyle and top quality build.
The Milton has appealed to a diverse range of buyers due to its contemporary design and central location, just two train stops from the CBD and in easy reach of an array of amenities.
It’s also luring purchasers who are looking for a property that is attractive from both a lifestyle and investment point of view.”
Apartments are currently for sale off-the-plan, with development scheduled for completion in 2015.