FKP flagship The Milton Residences Underway
CONSTRUCTION of FKP’s $210 million Milton Residences is well underway with on-site demolition now complete and earthworks well advanced.
Lord Mayor of Brisbane Graham Quirk joined FKP Director of Developments Mark Jewell and other community representatives in March to officially mark the start of construction.
The Milton Residences, which is located nearby Milton Railway Station, integrates transport with residential living in the heart of Milton’s famous lifestyle precinct.
Mr Jewell says the start of construction is a fantastic milestone for Brisbane, as The Milton Residences is the first major integrated Transit Oriented Development (TOD) to be released under the South East Queensland Regional Plan.
“The exciting notion of TOD has been embraced in major metropolitan centres around the world and we expect The Milton Residences will pave the way for more TOD to be released right across the city,” he said.
“Milton is just two train stops from the CBD, giving residents accessibility and convenience, reducing the reliance on cars and allowing them easy access to destinations right across Brisbane.”
Mr Jewell says the start of construction on this landmark project will create local jobs, local business opportunities and local community partnerships in Brisbane’s Inner West.
“During construction, the project is expected to generate over 275 jobs, while also introducing new retail and commercial spaces with ongoing employment opportunities,” he said.
“The Milton will be a great boost for local residents and businesses alike, injecting new retail options into the precinct.”
FKP has released approximately 1200sqm of street level retail space at the mixed-use development, which will front Railway Terrace and extend
into the Park Road restaurant and café precinct.
Mr Jewell says FKP is looking forward to getting The Milton Residences out of the ground.
“The site has been cleared and the first phase of construction is well and truly underway,” he said.
“This day has been a long time coming and it is exciting to see activity on-site.”
Mr Jewell says the TOD concept has appealed to buyers, with The Milton Residences one of the fastest selling developments in the Inner West since it was launched to the market.
More than 65 per cent of apartments have already sold off-the-plan for a total of $110 million.
“Sales have been consistently strong since The Milton Residences was launched to the market and we expect the momentum to continue with the project entering an exciting new phase, with construction officially underway,” Mr Jewell said.
“Milton has historically been one of Brisbane’s most sought-after suburbs and is one of the most undersupplied markets in inner Brisbane.
“The Milton Residences is meeting demand with its prime location, access to transport and the array of renowned restaurants, cafes and shops along Park Road.”
The Milton Residences, which will feature 298 one and two bedroom apartments, and will be Australia’s first five-star Minor International (MINT)
MINT, synonymous with style, elegance and exemplary service, operates across 22 countries as a residential manager, hotel owner, operator and
investor has a portfolio of over 8,500 rooms globally including under the Anantara and St Regis brands.
The cutting-edge development on Railway Street, Milton, was designed by award-winning architects and interior designers DBI Design and will feature contemporary design, with well thought out spacious and liveable apartments with generous balconies.
Resort style facilities, including a roof top observation deck and leisure deck featuring pools, gymnasium and landscaped barbeque retreats and a street level retail promenade, will complement Milton’s modern style living.
With one and two-bedroom Brisbane apartments for sale off-the-plan, priced from just $410,000, with completion expected in 2015.
For further information, visit The Milton Residences Sales Centre, featuring a display apartment, at 50 Railway Terrace, Milton. The centre is open between 10am and 4pm daily, visit the website or call 1800 247 119.