Brisbane's Urban Construct has commenced site works at its $80 million Manhattan Terraces project in West End.
The developer has appointed Queensland-based Condev Construction to build the 80 luxury terrace home complex which has started sooner than expected with over 85 per cent of properties already sold.
Since launching in August last year, just 12 of the project’s two-, three- and four-bedroom terrace homes remain.
Urban Construct managing director Todd Brown said the company brought forward construction in response to buyer demand, predominantly from discerning owner-occupiers.
“The response to Manhattan Terraces tells us we’ve set a benchmark for this type of product in West End,” he said.
“As a response to the overwhelming demand for luxury, owner occupier terrace homes within the inner CBD we have introduced more three-bedroom product to cater to this market.
“West End’s ongoing gentrification has made it one of Brisbane’s most sought after areas with restaurants, shops, public transport services and tourist attractions within walking distance.”
Mr Brown said reaching the construction phase was a major milestone for the development.
“Seeing activity onsite brings certainty around delivery for buyers with settlements commencing March next year. This allows purchasers and specifically owner occupiers to plan their moving process and transition into their new home,” he said.
The community will feature private courtyards and pocket parks with many terrace homes having private rooftop retreats.
The terraces will be situated in the Brisbane State High School catchment and will be close to a range of amenities and public transport options.
Established in 1998, Urban Construct has delivered over $2.5 billion worth of developments with a project pipeline in excess of $1.5 billion.