Shayher Group's The One begins construction; Pentridge Coburg awaits
Builder Multiplex will deliver the final stage of Brisbane Quarter, continuing their presence onsite which has seen earlier commercial and hotel stages realised under the mixed-use project.
The 84-storey residential tower is being backed by Shayher Group; Brisbane Quarter along with Melbourne's Pentridge Coburg represent the developer's current Australian projects. Dubbed The One, the 263 metre residential tower is also the latest high profile, high-rise development successfully secured by Multiplex.
This month's instalment of the tier one builder for the project's final stage build will see the $300 million 84 level residential tower aim for an anticipated completion date of late 2021.
The One's basic podium structure is in place, delivered as part of earlier site works.
Shayher Group has successfully landed W Hotel to its 34 level hotel component which is nearing completion, whilst Multiplex are progressing a 42 level commercial tower with an eye toward completion mid next year.
The One's comparatively small floorplates at approximately 900 square metres will see the tower form shoot up relatively quickly. Expected within the tower are 76 one bedroom, 286 two bedroom and 87 three bedroom apartments, whilst 18 four bedroom apartments and three penthouses constitute the tower's premium living component.
Multiplex will also oversee the creation of dual swimming pools as well as various other amenities such as a cinema and gym.
The rapid progression of Brisbane Quarter is in contrast to Shayher Group's roll out of their Melbourne development.
The developer has taken a more measured approach with their Pentridge Coburg project which will account for much of the former Melbourne prison. Pentridge Coburg will ultimately provide Shayher Group 18 separate development lots under the project masterplan.
For now though Construction Engineering is undertaking a current build that will see a new central retail building created consisting of a cinema complex, supermarket and specialty shops over two levels. To date Shayher Group has only pursued one apartment development of note onsite; Horizon Apartments consists of 53 apartments over two 6 level buildings.
Towers though are envisaged for forthcoming stages of Pentridge Village.
21 Pentridge Boulevard is an approved Particular-designed apartment buildings containing 190 apartments. The adjoining 19 Pentridge Boulevard was slated for a Cox Architecture-designed hotel and apartment tower, although VCAT earlier this year requested that be project be redesigned.
