A $10 million restoration program for two heritage-listed buildings in the Yeerongpilly Green precinct is underway.
Consolidated Properties started the restorations on The Institute (brick building) and The Stables (timber building) last month.
Following the restoration, The Stables building will serve as an “experience centre’’, incorporating a new Yeerongpilly Green sales and display suite.
Consolidated Properties executive chairman Don O’Rorke said he anticipated the new sales and display centre would be complete by mid year, paving the way for the launch of Yeerongpilly Green’s first residential precinct in August.
“We are aiming to launch our first three boutique and bespoke apartment buildings on August 3, with Park House comprising just 35 apartments, Garden House comprising 56 apartments, and Green Terraces comprising 10 luxury townhomes,” Mr O’Rorke said.
Pricing in the first stage of the development is expected to range from $450,000 through to $1 million-plus.
Yeerongpilly Green will be delivered in approximately 12 stages, with the project taking about a decade to complete.
Mr O’Rorke said Yeerongpilly Green would become a new place to live, work and play at the doorstep of the Brisbane River, Yeerongpilly train station and Queensland Tennis Centre.