Tulloch House under construction
Mirvac has started on the next stage of its Ascot Green community in Brisbane, delivering a boost for the local construction industry.
Work has started on Tulloch House, the $77 million second stage of the masterplanned development, with approximately 1,300 workers to be inducted on site throughout the construction period until late 2021.
The much anticipated eight-level luxury apartment building will be constructed by Mirvac Construction, the building arm of the publicly-listed developer. Mirvac is also developing the $851 million 80 Ann St Commercial building in Brisbane’s CBD.
Located within the Eagle Farm Racecourse precinct, Ascot Green is the first racecourse-fronting apartment project to be delivered in Australia and forms part of Brisbane Racing Club's $1.2 billion masterplan redevelopment, to include luxury apartments, retirement living and aged care, commercial offices, a mix of retail, dining, medical services along with childcare and a swim school.
Mirvac General Manager of Residential Development in Queensland, Warwick Bible, said construction of Tulloch House is a demonstration of the demand for quality developments with owner occupier appeal and Mirvac’s commitment to the Brisbane market.
"Mirvac has a strong history in Brisbane - we have delivered some of the city’s most iconic projects. This commitment to deliver high quality communities for our customers to call home continues now more than ever. The local team here in Queensland is committed to supporting the development and construction industry more broadly," he said.
"We know how important it is for local construction workers and suppliers that new projects like Tulloch House continue to go ahead in this climate, and we are in a strong position to do that.
"We completed the site works for this phase of the project as part of the delivery of our first building, Ascot House, meaning we can now hit the ground running with construction of Tulloch House."
Tulloch House features 84 one, two and three bedroom apartments across eight-levels, with the neighbouring Ascot House recently completed comprising 90 apartments across nine-levels. Only three apartments remain at Ascot House.
Mr Bible said the allure of living alongside 50 hectares of green open space had made the community popular with buyers across a broad spectrum.
"The racing community was certainly among the first to secure their place at Ascot Green, however the project has appealed to an array of buyers from young professionals, to families and downsizers," he said.
"They love the feeling of being surrounded by green open space in a village environment, with significant lifestyle amenity at the doorstep, while being within an easy commute of the city centre and close to the motorway and airport."
Brisbane Racing Club Chairman, Neville Bell, said it was more important than ever to move forward with projects like Tulloch House.
"Tulloch House is the next step in our masterplan and to progress it at this time, employing more than a thousand locals, is significant not just for this project but the broader industry in Queensland," he said.
"The Eagle Farm Racecourse redevelopment has been setting a new standard for how we can better activate prime racecourse land in Australia, and to again be leading the charge in starting work and generating employment at this time is just another milestone in the masterplan.
"We have a proud 150-year legacy in Brisbane and, with partners like Mirvac by our side, we will ensure we build on that strong legacy over the next 150."
Brisbane Racing Club has already delivered a number of projects in the precinct including the Racecourse Village Shopping Centre and a state-of-the-art childcare facility, and construction is underway on the new Ascot Aquatics Centre and a retirement living and aged care project. It is also planning a new commercial office building.