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Unit High Rise for Ipswich CBD posted on the 30th January 2015
Want to Invest in the Ipswich area ? See the following extract from the local Queensland Times (QT)
108 Unit High Rise for Ipswich CBD
QT – Peter Foley
26.11.14
A $40 MILLION Top of Town Ipswich development will feature two residential towers, 108 apartments with more than 2100sq m of retail/business space, with cafes, wine bar and fresh food markets.
The Precinct, on Ellenborough St, has been given the green light by Ipswich City Council and its developers predict the project will revolutionise the residential unit market in Ipswich.
Ipswich Developments Queensland chief executive Dean Pegg boasted Ellenborough Precinct was “the first apartment development of its calibre for Ipswich City and is expected to be the pioneer for similar ventures”.
Mr Pegg said: “With a strong economy, affordable land and the development of major infrastructure, Ipswich is becoming an excellent place to buy.
“The population of Ipswich has seen continual growth and there is demand in the market for more living options,” he said.
“Staying true to its part heritage listing, The Precinct will preserve the rich history of Ipswich by blending traditional building forms and industrial materials with contemporary design, throughout both the residential and retail spaces.”
Superior Properties chief executive Paul Rubin said: “This is the start of urban gentrification for Ipswich’s top of town.
“While you could pay through the roof for an apartment in the heart of Brisbane, Ellenborough Towers provides an opportunity to secure an affordable investment, without compromising lifestyle or amenity.”
“The precinct will be a continuation of everything that is great about Brisbane, with shops, professional services; literally everything you need at your doorstep.”
Mayor Paul Pisasale said people were making the move to Ipswich due to “liveability factors and existing and future infrastructure upgrades that supported residential and commercial growth”.
“Ellenborough Precinct and apartment towers are just one of many examples where Ipswich can accommodate new developments and retain our built heritage,” he said.
“We want to keep up with the demands of new infrastructure and improved services.”
Stage one of construction is expected to begin mid next year (2015), with the project scheduled to be completed within 18-24 months from then.
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With the population for Ipswich expected to hit 435,000 by 2031, it’s one of the fastest growing areas in Queensland. All good things for the local Ipswich market – and with developments such as this in the CBD, a sign of a moving market …