The Urban Developer
Watpac Limited announced it has been awarded the contract by property developer Mary 111 Pty Ltd to build Mary Lane – a prestigious $325 million residential, hotel and dining precinct in the Brisbane CBD. The 37-storey Mary Street tower will feature Brisbane’s newest 5-star international hotel, The Westin, and 184 luxury one, two and three bedroom residences, in addition to a multilayered atrium with laneways, fine dining restaurants and bars.
Designed by international architects Woods Bagot, the development incorporates separate facilities for residents and guests including a roof top recreation deck with pool, gymnasium, BBQ and function areas. The 286-room 5-star hotel element includes four podium levels with a large, resort-style pool with swim up bar, gymnasium, day spa, function space, lobby bar and restaurant.
Watpac Limited Managing Director Martin Monro said the Group was delighted to be awarded the contract to build this exceptional development in Brisbane. “Mary Lane is going to shape executive living in Brisbane, and the standard of luxury hotels in the CBD, so we are delighted to be delivering this project on behalf of Mary 111 Pty Ltd,” Mr Monro said. “This has been a highly anticipated development for Brisbane and Watpac’s appointment as builder is a strong endorsement of our skills and experience in delivering major projects in challenging CBD locations. “Mary Lane is a great addition to our workbook and we are very proud to be involved in the delivery of another landmark project in Brisbane.”
Mary Lane Development Manager Ian Pert, of GMP Management, said Mary Lane would breathe new life into Brisbane, creating an iconic precinct for the new world city. “This long-awaited development will transform Brisbane’s CBD and elevate its status as a desirable address and sought-after lifestyle location,” Mr Pert said. “We are pleased to welcome Watpac to the team and are confident the Group’s extensive building experience will be a major asset to a project of this calibre. “We expect a build timeframe in the vicinity of 24 months which points to completion of Mary Lane in 2018.”
Internal features include high quality finishes and fittings, stone benchtops, air-conditioning as well as European style appliances with apartments priced from $460,000 to more than $2 million. The developer owns significant properties within Brisbane CBD and also owns the neighbouring Four Points by Sheraton hotel at 99 Mary Street.