Tessa Group and Excel Development Group have commenced construction of their $22 million Parkside On Folkestone residential development at Bowen Hills.
Hutchinson Builders has already started on the basement works and pilings at the development, located at 5-9 Folkestone St.
Tessa Group Managing Director Brendan Tutt said that this project is a great example of developing for the market.
“We have delivered a project that offers high end finishes and our units average out at over 90m sqm with some units hitting over 160 sqm – quality and size is the order of the day, this is our difference.
"We are proud to see construction commencing with Hutchinson Builders who are a great friend and supporter of our company and it is great to see them on site turning soil."Located 3 kilometres to the northeast of Brisbane’s CBD, Parkside on Folkestone offers 37 one and two bedroom apartments.
Bowen Hills train station, only a few minutes’ walk away, is one of only four stations through which all northern rail lines pass, and which all southern lines connect.
Tessa Developments has a current pipeline of over $150 million worth of projects totalling 250 dwellings made up of inner city apartments and townhouses and is focussing its efforts on delivering the current pipeline and opportunistic acquisitions.