Twin Ocean Corporation celebrated a job well done in Albion after fast tracking the construction of 'The Hudson', a 164-apartment mixed-use development, bringing the project to practical completion.
The mixed-use apartment building is part of their envisioned masterplanned community, 'Albion Mill Village', which is situated on the former Albion Flour Mill site. The site was purchased two years ago from Aveo Group.
Residents will move in over the next few weeks and Twin Ocean’s Managing Director Tim Jones said The Hudson’s completion marks a new era for the site after the flour mill was destroyed by fire in 2013.
“We purchased the site 12 months after the fire and within three months, had appointed Hutchinson Builders to bring The Hudson out of the ground,” Mr Jones said.
Positioned on Albion Hill’s most elevated site bordering Albion and Hudson Roads, The Hudson is located in the heart of the Albion Mill Village masterplan and is spearheading the inner-city suburb’s urban renewal from its light industrial past, to a dynamic residential and lifestyle precinct.
Scott Hutchinson, Tim Jones, David Halpin and Kris Kowalski.
“The Hudson is a true transport-oriented development located within arms length to rail, bus, Airport Link and major arterial roads offering easy access to the north and south coasts,” Mr Jones said.
120 apartments have been sold to mainly owner-occupiers and some investors with rental and sales enquiries primarily coming from professional couples.
“The majority of our premium $3M and $4M penthouses have been sold to owner-occupiers further validating the quality of apartment designs and finishes with only 3 penthouses remaining," he said.
“Most of our buyers had underestimated the incredible city and hinterland views from apartments as low as level two and since the preview evening, our sales team has been inundated with enquiries from buyers and prospective tenants, largely driven by word-of- mouth.
“Of the 45 apartments remaining, the majority are one- and larger two-bedroom residences ranging from $399,000 to a three-bedroom 3 bathroom penthouse for $1.35 million.
“The two-bedroom and three-bedroom apartments/penthouses are ideal for downsizers while the large one-bedroom apartments would appeal to professional couples given Albion’s proximity to some of Brisbane’s most exclusive residential suburbs such as Ascot, Hamilton and Teneriffe, without the hefty price tags.
“According to a recent report, homes in Albion can be purchased for around $700,000 to $800,000 while just one kilometre away in Hamilton, you’ll be paying over $1 million,” Mr Jones said.
The Hudson also boasts a private residents’ pool deck, fully equipped gym and bbq facilities, a concierge service and 24-hour onsite manager, together with five ground level retail spaces that are all fully leased.
The tenants who will be occupying the retail spaces include a convenience store, café operator, and restaurant along with a commercial office spread across two tenancies