First Foray Into Mixed Use Development Hot on the heels of completion of its commercial space, the residential component of developer and construction giant, Laing ORourkes first mixed-use development in Australia, M&A is now complete. Bound by McLachlan, Ann and Connor Streets in Brisbanes Fortitude Valley, M&A is set to welcome its first residents in early November 2013 with the first restaurants in the retail and dining precinct opening soon after in late November 2013. On the back of minimal marketing outstanding sales and leasing results have been achieved by the developer. In M&As 21- level residential tower comprising 234 apartments, 178 have already been sold. Mirroring M&As residential success, the 17,000 square metre, 12-level commercial tower named 825, is fully leased with blue-chip tenants including Macquarie Group, Ergon Energy and Beca together with Laing ORourkes Queensland head office. US-based Hines Group purchased the commercial tower in early 2013. A further two floors of boutique office space fronting McLachlan Street has also been leased to pdt architects. Adding weight to M&As strong residential and commercial results is Laing ORourkes ground level retail and public space linking Ann Street to McLachlan and James Streets. To be known as M&A Lane, it will soon feature some of Brisbanes most notable restaurant and retail identities. M&A development manager, Mark Grant has kept M&A Lane under wraps until the majority of retail tenancies were committed. His strategy has netted enviable results with eleven of the thirteen available areas now leased. Some of Brisbanes best-known restaurants, bars and retail outlets will open in M&A Lane over the coming months. The quality of our retail offer is testament to M&As location in the best part of the Valley and our revolutionary design melding work, living and lifestyle in the one location. Brisbane City Council has embraced Brisbanes growing appetite for laneway precincts and M&A Lane will be the citys newest and most vibrant to date, with almost 2000 people predicted to eventually live, stay or work at M&A, Mr Grant added. With an end value in excess of $250 million, what sets M&A apart from other mixed-use projects is its quality of design coupled with its prime location. Features also include a private recreational deck and pool for residents, extensive public artwork and an onsite concierge, and employees and residents have direct access to public transport networks, together with ready access to Brisbane Airport, the CBD and new toll road infrastructure projects. Laing O’Rourke has engaged specialist retail leasing agent, Graeme Wakefield of Race Property, to fill the final two retail tenancies available at M&A. ift.tt/16QD0df
Posted on: Wed, 13 Nov 2013 02:11:55 +0000
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