SkyTower Construction in Brisbane CBD to Begin in Weeks

The SkyTower is set to begin construction in just a few weeks in Brisbane’s CBD and developers believe it will become an iconic Brisbane building. Once fully-built, this modern marvel will tower above Brisbane’s skyline, a colossus of the clouds, overtaking all other skyscrapers to become the city’s tallest building standing at 274 metres.

Despite SkyTower being one of Brisbane’s most prestigious and widely-touted luxury apartment developments in years, only a third of investors are Queenslanders. 20% are from overseas, while the rest are from interstate.

Next door at 111 Mary Street, a luxury hotel will also be erected. Hutchinson Builders are also hoping to win the contract for the hotel development.

The SkyTower project along with 111 Mary St, is set to bring in jobs for construction workers from now until project completion in a few years.

How Does SkyTower Compare to Other Buildings?

The SkyTower may have to share the status of Brisbane’s tallest building with another development at 300 George St which ought to reach the 274 metre mark as well once complete. These two Brisbane skyscrapers will be Australia’s equal, 3^rd highest behind Melbourne’s Eureka Tower and Gold Coast’s Q1.

AMP fund manager Warwick Petschack would like people to understand that the SkyTower will become famous and synonymous with Brisbane due to its sheer size and not for any architectural significance. "It will become an iconic building because of its scale, but others will add to the Brisbane story”, he said.

SkyTower Facts

1. First residents should be able to move in from 2017.
2. The $1 billion SkyTower will be built by Hutchinson Builders, contracted by Billbergia, a Sydney-based property developer and AMP Capital, an investment company.
3. SkyTower address: 222 Margaret St.
4. 274 metres is the maximum building height in Queensland due to aviation laws.
5. It will house 1119 apartments.  550 of which have already been sold.
6. Most of the apartments will be either one or two bedroom.
7. Prices start from $425,000.
8. Second stage of selling will begin from the 6^th of June 2015.
9. 8 levels of underground parking have already been constructed.
10. The 89^th floor will feature a sky recreation deck and Australia’s highest infinity edged pool.

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