Construction commences on Brisbane waterfront Portside Wharf’s Pinnacle
The next development phase for Queensland’s Portside Wharf, residential stage Pinnacle, has commenced, with the 16 level luxury apartment building expecting completion for 2015.
Pinnacle will include 162 one-, two- and three-bedroom apartments, terrace homes and penthouses, and is the only riverfront building at Portside Wharf. It has had $54 million of sales, with prices ranging from $390,000 to $2.4 million. Prices for those currently available start from $435,000, with a sales display currently open.
The apartments are sized from 58 square metres to 241 square metres and more than 70% of the offerings have river and city views.
Click to enlarge
Photo: Indicative view from rooftop
Portside Wharf is a mixed-use development, including the Brisbane Cruise Ship Terminal and a waterfront restaurant and retail hub. There are already 300 people in residence across the first four stages, called Promenade, Flare, Loft and Infinity.
Brisbane Lord Mayor, Graham Quirk, and Portside Wharf project director, Lee Butterworth, unveiled the construction at the end of last week.
The Brisbane waterfront will be redeveloped under the greater Northshore Hamilton plan, with new retail precincts, residential options and green space all earmarked for the area.
"Pinnacle will be the first residential building constructed at Portside Wharf since works began on Promenade in late 2010, proving we have weathered the global financial crisis and are ready to move forward with the development of this iconic address," said Butterworth.
"With Pinnacle's strong off the plan sales, it is clear that confidence is returning to the market, with total sales at Portside Wharf now reaching more than $83 million.”
Currently, more than 250,000 visitors each year come to the area through the Cruise Ship Terminal.
"Our vision for Portside Wharf is to be the beating heart of the entire Northshore Hamilton development. We have so far achieved that vision and established Portside Wharf as a Brisbane landmark and a vibrant community that has reinvented this once overlooked part of the Brisbane River,” he said.
Pinnacle will have a rooftop terrace with a pool, BBQ, gym, entertainment area and onsite guards and management.
Located six kilometres from the CBD, Butterworth is marketing it towards ‘high flyers and executives’ as well as ‘empty nesters’ and young couples.
Portside Wharf also houses big brand retailers such as Dendy Cinema, IGA, Jetts Fitness and a number of hairdressing and restaurant outlets.
Photos are artistic impressions.
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