Brisbane's Albion Mill Village remains on track following flour mill fire
The $330 million Albion Mill Village in Brisbane’s inner north still remains on track following the fire in late November, which destroyed the heritage listed brick flour mill.
Developed by FKP Property Group, the first stage of the development – The Hudson – has recorded $38 million in sales and is currently 50% sold.
The Hudson comprises of 140 one-, two- and three-bedroom apartments plus skyhomes.
The development was in partnership with Jan Powers Farmers Market, with the farmers market to be held on the heritage site on the second and fourth Sunday of every month, but following the fire, the market has had to relocate.
“The fire was a major shock to us; the heritage listed nature of the building and the history of the site is one we as developers hold very close to the essence of the masterplan,” says Aveo Group’s Gary Kordic, executive general manager developments Queensland.
“It is a history we have worked to celebrate in the masterplan, and this will continue.
“The demolition of the Albion Flour Mill is not something that we wanted to see, however, due to the damaged occurred as a result of the heat generated from the fire, the building lost its structural integrity,” says Kordic.
Kordic says stage one remains on track, with construction due to commence this year.
“The Albion Mill development appeals to discerning buyers – it is a once-in-a-lifetime development, paying homage to the history of the site and transforming it through innovative design into one of the city’s most contemporary multi-use urban developments, a flagship for modern living with stunning fitout and penthouse level finishes,” says Kordic.
A limited number of three-bedroom apartments were released following buyer demand, priced from $389,000.
In August last year, the development secured a $2.2 million sky home sale on the 12th floor.
Remaining apartments are priced from $399,000 for a one-bedder and $455,000 for a two-bedroom apartment.