Earthworks at Monarch Residences, a 1.2-hectare project along Coronation Drive in Toowong that has been called Brisbane’s best-performing project in the latest Urbis report, are now finished, pushing the project one step closer to completion.
With $300 million locked in sales, the project will ultimately comprise 224 apartments and penthouse residences spread across two imposing towers. The development includes a suite of facilities including a riverside pool, gym, sauna, and an expansive rooftop terrace.
Recent developments have seen the successful completion of earthworks at Monarch Residences, reaching the basement level. This paved the way for both towers, named River 1 and River 2, to rise from the ground in the first half of 2024. The simultaneous construction of these towers is expected to culminate in the entire project’s completion by the end of 2025.
Don O’Rorke, Chairman, and CEO of Consolidated Properties Group, attributes the project’s swift progress to strong buyer demand for larger riverfront apartments and the unwavering capability of Hutchinson Builders. Past the holiday season and the New Year, sales have surged, particularly for River 2, where fewer than 10 residences remain available for purchase.
Scott Hutchinson, Chairman of Hutchinson Builders, reports that the construction site continues to be very active. This number is expected to double during peak construction phases.