WATPAC has started construction on the Mary Lane’s $325 million mixed-use development at 111 Mary St in Brisbane.
Watpac is developing the project, which will feature 184 residences, a five-star Westin Hotel with 286 rooms and suites and a range of dining and entertainment options.
Almost half of the project has sold since its launch in March, with sales totalling more than $60 million.
Urbis’ Paul Riga said Mary Lane was the best-performing residential project in Brisbane’s CBD in the first quarter of 2016, with 79 unconditional sales reported.
“The CBD was the only precinct out of the six within inner Brisbane to record an increase in transactions in the March quarter, with the 64 per cent jump being due to the launch of Mary Lane,” he added.
The project was designed by architectural firm Woods Bagot, with residences totaling 152sqm in area.
Andrew Roubicek, director of residential at Colliers International, which is marketing the project, said north-facing three bedroom residences are selling for an average price of $1.49 million and feature two bathrooms and two car spaces with views across the Story Bridge, Brisbane River and the City.
Australian Property Journal
