First stage of Brisbane 1 project completed
The landmark Brisbane 1 residential project at South Brisbane has achieved another major milestone with the completion of construction on the first stage – Tower 2 of the development.
Brisbane 1 is the tallest and largest new development in the thriving suburb of South Brisbane, featuring 608 apartments across three separate towers of up to 33 storeys.
The completion of Tower 2 also represents an important milestone for R&F as the first completed stage of an Australian project.
Brisbane 1 occupies an entire block in South Brisbane, bordered by Cordelia, Peel and Boundary Streets, and includes a mix of one, two and three bedroom units and exclusive penthouses. A ground floor retail component is also planned and expected to include a cafe and other services.
The project includes extensive resident amenities such as a 25-metre lagoon pool, two spas, barbecue areas, lush rooftop terraces, a gymnasium, a media room, children’s play area and other exclusive use lounge and dining areas. It offers sweeping views of Brisbane city and surrounding areas.
R&F’s construction partner, Hutchinson Builders, has made exceptional progress at Brisbane 1 with the remaining two towers expected to be completed ahead of schedule later this year.
The excellent progress is due in part to R&F’s decision to construct all three towers concurrently, cutting the time that first residents will face ongoing construction activity and reducing disruption to streets around the site.
Brisbane 1 appeals to a wide range of buyers due to its diverse mix of one, two and three-bedroom apartments and luxury penthouses. Purchasers include first home buyers, second and third homebuyers, empty nesters, and both local and overseas investors.
South Brisbane remains one of the most sought-after locations for investors and owner occupiers alike and Brisbane 1 is the premier new development in this rapidly growing inner-city suburb.