May 19 2023 -
Monarch Residences under construction
Hutchinson Builders has commenced construction on the $450 million Monarch Residences in Toowong, with $160million worth of apartments already sold since their March launch.
The project, which is being delivered by Consolidated Properties Group in conjunction with funding partner Qualitas, is positioned on a 1.2 hectare site with 130 metres of river frontage, and will boast 224 apartments and penthouse residences across two buildings.
Councillor James Mackay, today joined Consolidated Properties Group CEO Don O’Rorke, and Hutchinson Builders chairman Scott Hutchinson to turn the first sod on a project that has been 150 years in the making.
Mr O’Rorke says Monarch Residences will be ‘transformative’ for Brisbane.
“Today we are transforming one of Brisbane’s largest and most prized riverfront sites into a new community that will be a landmark for generations to come,” he said.
“The journey to breaking ground today started in 1865 with the heritage-listed Middenbury House which sits at the heart of the Monarch Residences site – and was once a popular venue for exclusive gatherings for society’s elite.
“We are honouring the past by restoring Middenbury House, which will soon be open to the public for the first time in more than a century.
“We are also building for the future – with a variety of luxury apartments and penthouses which cater to market trends indicating more people are looking for home-sized residences with the benefits of apartment living.
“With a planned Toowong-to-West-End Green Bridge at the entry to our new 3,000sqm riverfront parkland, Monarch Residences really is the missing piece of the puzzle for riverfront living in Brisbane.”
Mr Hutchinson says it’s a privilege to be working on a ‘legacy’ project for the city, which will heavily support a range of jobs throughout the construction period.
“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,” he said.
“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.”
Councillor James Mackay said the new riverfront park and future Toowong-to-West End Green Bridge connecting to the site would make Monarch Residences a destination for Brisbane residents and visitors.
“Monarch Residences is more than an apartment project – it’s a new lifestyle precinct for Brisbane,” he said.
“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.
“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.”
Consolidated Properties Group purchased the Monarch site at 600 Coronation Drive for $43.5 million from Sunland in March 2021. The development application was filed in November 2021 and approved in July last year.
Monarch’s one, two, three and four bedroom apartments are now selling priced from $645,000, with penthouses priced from $4.15 million.
For more information or to register your interest, visit https://monarchresidences.com.au/.