Construction has been underway for The Ambrose, a new $150 million residential luxury tower set to rise with 19 storeys on McDougall Street in Milton.
The building is the second Brisbane project for Kokoda Property after Chester & Ella apartments in Newstead. Kokoda re-hired Hutchinson Builders to build The Ambrose, which has an expected completion in 2022.
“The selection of Hutchinson Builders, being Australia’s second-largest residential builder, means that purchasers at The Ambrose can not only have every confidence that the project will be delivered reliably on schedule, but to a standard of workmanship that they can be truly proud of,” Kokoda’s founder Mark Stevens said.
“The Brisbane property market has faired comparatively well amidst the headwinds of 2020, and with falling residential supply over the last four years we are optimistic that The Ambrose is launching at an opportune time to take advantage of what we anticipate to be a strong market rebound.”
The Ambrose has been designed by Cottee Parker with 181 units, its own cinema centre, a gym and rooftop pool. The site will also have 14 units eligible for disability housing, in compliance with the Disability Discrimination Act of Australia.
The price range per unit is expected to fall between $400,000 to $2 million, depending on the number of rooms.
The construction project itself, however, has been projected to generate 500 local jobs.
The Ambrose is located near the Miton Station and several cultural sites like the QPAC and the GOMA.
