MIRVAC has started construction on the $135 million Charlton House, the latest stage of Australia’s first racecourse fronting new community, Ascot Green.
Work begins on the 14-level apartment building just three months after its launch to market, chalking up more than $70 million in sales.
Mirvac general manager residential Queensland Warwick Bible said the start of construction was a major milestone for the community, following the fast-tracking of Charlton House to meet demand.
“Our buyers have shown strong confidence in Charlton House and, to start construction just three months after launch, shows we echo that confidence in this development and the broader Brisbane apartment market.
“The start of construction also signals the next phase of urban renewal for the historic Eagle Farm, giving more people the opportunity to live in this fantastic location,” he added.
Charlton House joins the $197 million Quay luxury riverside apartments, along with Mirvac’s first QLD build to rent project, the $270 million dual-tower LIV Anura, which are both under construction in the $1 billion Waterfront Newstead masterplanned development, on the Brisbane River.
Brisbane Racing Club chairman Neville Bell said the start of construction is an important stage in the BRC Masterplan.
“The commencement of Charlton House is the third stage of our partnership with Mirvac, undoubtedly a significant milestone in working towards the completion of the Brisbane Racing Club’s $1.5 billion Masterplan,” he concluded.
