Mary Lane, a luxury mixed-use development combining residences and a dining precinct with the five-star Westin Hotel, has launched to the public today.
The occasion was marked with the unveiling of a display suite at 113 Margaret Street.
Development manager Ian Pert said Mary Lane will become the place to live, dine and be seen in Brisbane.
Mr Pert said the display centre will give visitors an idea of what the Mary Lane concept is set to become.
“The display suite really puts things into context for off-the-plan buyers, providing them with an opportunity to experience the ambience of the project through a combination of display fittings, a large scale model, actual finishes, video and the mock up of kitchen, living and bathroom areas,” he said.
Designed by international architects Woods Bagot, Mary Lane will comprise of one-, two- and three-bedroom residences, as well as limited penthouses.
Colliers International director residential Andrew Roubicek, who is marketing the project, said Mary Lane would “revolutionise” life in Brisbane’s inner city.
Mr Roubicek said that since the opening of the project’s sales centre last month, more than $60 million in sales have been made.
“I would suggest this achievement makes Mary Lane the best performing project in Brisbane, considering the average price of all residences exceeds $900,000,” he said.
“Buyers both locally and afar have been attracted to the idea of having high quality retail and entertainment at their doorstep.
“The developer has taken inspiration from projects in Singapore and Hong Kong and introduced a unique concept to the Australian market.
“The fusion of residences, hotel and high-end restaurants and bars will play a major part in the revival of the city as a sought-after destination for both business and leisure.
“This will make the Mary Lane experience unrivalled by anything else in the country and will give the project local, interstate and international appeal.”
The tower, to be located at 111 Mary Street, will comprise of 184 luxury residences and 286 hotel rooms, with separate facilities for residents and guests.
Residents will have on-floor storage rooms and enjoy exclusive use of the recreation deck, with an infinity edge pool, gymnasium, BBQ and function area.
Guests at the hotel — to be operated by Starwood Hotels under the Westin brand — will have access to a large resort-style pool with swim-up bar, gymnasium, day spa, function space, lobby bar and restaurant.
Construction is expected to begin on Mary Lane within the first quarter of this year.
The developer, Mary 111 Pty Ltd, owns a number of properties within the CBD, including the neighbouring Four Points by Sheraton hotel at 99 Mary Street.
The display suite at 113 Margaret Street is open by appointment only. For more information, visit marylanebrisbane.com.au.