Recently created property company Lacey Group has launched its first solo project, the $36 million Bodhi Apartments in Upper Mount Gravatt.
Bodhi will feature 78 one, two and three bedroom apartments across eight levels on a prime corner site, fronting Mascar and Everett Street which is just five minutes walk to one of Brisbane's largest shopping centres, Westfield Garden City.
Designed by RealSpace Creative, in association with BDA, the majority of apartments feature sought-after north-east aspects, creating light filled spaces.
The design inspired the name, Bodhi, a Sanskrit word that traditionally translates into English as 'enlightenment'.
Bodhi will also include a landscaped ground-floor barbeque and recreation space for residents, with construction expected to get underway mid-2017.
Mr Lacey said he was expecting interest from both owner-occupiers and investors.
"Bodhi will fill a void for spacious, liveable apartments in the region," he said.
"The apartments will feature open-plan living and generous balconies with secure parking for residents and low body corporate.
"Bodhi is designed to suit those looking to downsize from large family homes in surrounding suburbs like Sunnybank, together with young professionals wanting a lifestyle location outside of the hustle and bustle of the CBD.
"The position in the core Upper Mount Gravatt redevelopment precinct is also likely to appeal to investors wanting to capitalise on the future growth earmarked for the suburb."The recent $400 million revamp of Westfield Garden City has injected new cafes, restaurants and shopping into the centre of the suburb, with ample public transport accessibility due to the link to the South-East Busway and heavy rail, as well as major roadways including Logan Road and the M1 motorway.
Bodhi responds to prospective families, located no more than five kilometres from six different schools with easy access to sporting fields, hospitals, parklands and the Toohey Forest.
"Upper Mount Gravatt is recognised as a major city centre outside the CBD and Bodhi presents an opportunity of uncapped potential for buyers looking to capitalise on the emerging property hot spot," Mr Lacey said.
Mr Lacey said Lacey Group's immediate focus will be to provide for the south east Queensland corridor's rapid growth.