CONSTRUCTION is now underway at Consolidated Properties Group’s $450 million Monarch Residences in Toowong.
Hutchinson Builders has commenced works on the 1.2-hectare site, which includes 130 metres of river frontage and will comprise 224 apartments and penthouse residences across two buildings.
“The scale of Monarch Residences means we will have the opportunity to provide work to hundreds of people in a variety of trades through to anticipated completion in late-2025,” said Scott Hutchinson, chairman at Hutchinson Builders.
“The early sales success of the project is testament to the reputation of Consolidated Properties Group and the skill of Wardle and Cottee Parker Architects, and with more than a century of building experience under our belts, we are confident we can bring the vision for Monarch to life.”
The Consolidated Properties Group project, in conjunction with funding partner Qualitas, has already seen $160 million worth of apartments sold since launching in March.
“The Brisbane River is such a quintessential and iconic part of Brisbane’s culture, so the opportunity to have a new stretch open to the public to enjoy while relaxing in the park or having lunch is welcome news,” said James Mackay, councillor for Walter Taylor Ward, who was present at the sod turning.
“The future Toowong-to-West End Green Bridge will create another point of accessibility to the site which is already well serviced by bus, ferry, road and rail.”
One-, two-, three- and four-bedroom apartments at Monarch are priced from $645,000, with penthouses priced from $4.15 million.
Consolidated Properties Group purchased the Monarch site at 600 Coronation Drive for $43.5 million from Sunland in March 2021. The Group lodged a DA for the site in November 2021, which was approved in July 2022.
Consolidated Properties, alongside CVS Lane, have also recently secured major retailers for their Wilsonton Shopping Centre in West Toowoomba, including Petbarn, Starbucks and 7-Eleven.
