Transit Hub Hits Market After Delays
MILTON'S skyline will soon get its tallest tower with the launch yesterday of a controversial 30-storey building next to the railway station.
Known as The Milton, the tower is Brisbane's first Transit Oriented Development under the South East Queensland Regional Plan.
The project was first touted three years ago, when it was to be built over the railway line but developer FKP soon realised that would be logistically too difficult and cost too much to deliver.
New plans for a 31-storey tower on Railway Tce, next to the rail line were then revealed and approved by Brisbane City Council, before community protests erupted.
Concerned these would lead to the development being held up in the court system, Planning and Infrastructure Minister Sterling Hinchliffe called it in.
He approved the projectwith the condition it be reduced to 30-storeys in line with the draft Milton Neighbourhood Plan.
FKP executive general manager residential Evian Delfabbro said the development would now have 298 one and two-bedroom apartments, starting at $369,000.
The bottom levels of the building will house office space and retail. Part of the deal includes FKP helping fund an upgrade of the Milton railway station.
"We will be improving the access to the railway station it is in the order of $6 million worth of upgrades," Ms Delfabbro said.
Not all unit owners will get a car parking space as there are only 271 allocated and some of those are for commercial use.
Mr Hinchliffe said the project would offer a "15-minute lifestyle", with all major facilities within 15 minutes travelling distance whether by car, foot or public transport.
But he does not believe it will be a catalyst for Milton to become a suburb of 30-storey towers.
Construction is expected to start early next year with units released for sale tomorrow.