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Construction Starts at Charlton House in Ascot Green

Photo Credit: Charlton House/Mirvac

Construction has begun at Charlton House, the third residential apartment site in Mirvac’s Ascot Green community, after Tulloch House and Ascot House at the Eagle Farm racecourse.

The project’s kickoff comes after reports suggested Brisbane’s apartment supply has been dwindling due to the strong sales. Charlton House has actually sold out 75 per cent of the apartments within three months following its launch. The sales are estimated to have raked around $70 million.

Warwick Bible, the general manager of Mirvac residential developments in Queensland said that they are fast-tracking the completion of Charlton House to address the demand. Buyers are also showing strong confidence in the Ascot property and the larger Brisbane unit market.

Charlton House Ascot Green — Photo Credit: CharltonHouse/Mirvac

Charlton House has one to four-bedroom apartments and a few three and four-bedroom villas. These villas are a first for Ascot Green.

The building has a rooftop sanctuary private recreation and dining. The ground level has a resort-style pool and gym, overlooking the racecourse.

Charlton House pool — Photo Credit: CharltonHouse/Mirvac

The construction also marks a milestone in the historical changes at Eagle Farm that will allow more residents to call this location their home for years to come. Charlton House is expected to be ready by mid-2024, creating over 300 construction jobs.

Mirvac has collaborated with Brisbane Racing Club to develop the Ascot Green community, which will also see additional commercial and recreational sites apart from the residential apartments.

Plans Lodged for Third Apartment Block for Ascot Green

After selling out the first two residential developments of Ascot Green, Mirvac has lodged plans for the next apartment block in the precinct, which will comprise hundreds of apartments and a rooftop boasting gorgeous city views.

Comprising twin towers, the development application (DA A005794918) seeks to build 256 multiple dwellings over the course of two stages. The first stage will deliver 115 apartments and the second stage will complete 141 units.

Ascot Green‘s Building C and D have been designed as subtropical-inspired apartments, which will have the precinct’s first four-bedroom units and four integrated terraces fronting the racecourse. The rooftop enclave will have a private dining area and plush lounges for entertaining and leisure.

On the other hand, the ground floor spaces will include a resort-style pool overlooking the racecourse and gym facilities. Some 475 car parks across two basement levels have also been included in the design.

Once approved, the dwellings will go to market by late 2021 or early 2022.

“In keeping with the peaceful and natural surrounds, residents will enjoy the authentically Queenslander experiences of shade and shelter, and screening and greenery, with the ability to open and close elements as they wish to maximise natural light and ventilation,” Mirvac Design director Nicolas Thioulouse said.

It comes as Mirvac has successfully sold out the first two buildings, Ascot House and Tulloch House, as part of the Brisbane Racing Club‘s master plan. Ascot House, with 90 apartments, has been completed, whilst Tullock House, with 84 apartments is expected to finish by the end of the year.

Aside from the luxury apartments and the retirement living spaces, Ascot Green will also house commercial spaces, medical services, retail, dining, childcare, and swim school.

Green Development in Ascot Cited as an Example for a Smart Development in Brisbane

According to an executive of a leading sustainable real estate company, Brisbane is currently on the right track to becoming a well-planned and sustainable city.

Stuart Penklis, Mirvac‘s Head of Residential said that smart development is the key to a sustainable enhancement of Queensland’s way of life as Brisbane’s population is expected to grow to 4.2 million by 2050.

As part of Brisbane’s Sustainable City Framework, the Council plans to have a Compact Urban Form to achieve a more compact development within and around regional activity centres and public transport nodes and corridors.

Photo credit: CC-BY/Brisbane City Council/Flickr

Having a more compact development means having higher density accommodations around the inner ring of Brisbane. As more people live in areas close to transport and activity centres, the need for car travel will be reduced, encouraging locals to adopt a more sustainable lifestyle.

In Rosemary Kennedy and Laurie Buys’ study called the Dimensions of Liveability: A Tool for Sustainable Cities, they have found that people prefer to live in high-density areas due to the walkable access to services, recreation, and work. Such liveability aspects are important for environmental, social, and economic reasons.

Since the Council considers increasing the density within the city limits, the Mirvac head also cited that providing energy and having cost-efficient homes should also be prioritised by the Council.

An example of a pioneer green energy development in the area is Mirvac’s Ascot Green development at the Eagle Farm Racecourse.

With their solar initiative, the nine-storey building will have solar panels and batteries installed on the rooftop recreation deck that will take advantage of the sunny subtropical environment in the area. Individual apartments will be connected to the renewable power source to help residents reduce electricity costs by as much as 70 percent.

Such initiative not only addresses the community’s concern on the rising energy prices. It also helps the government achieve its target of having zero net emissions by 2050.

Ascot House Construction on Track for Completion by Mid-2018

Mirvac, the real estate group behind Ascot House, announced that the construction of Ascot Green’s pioneer residential tower is on track for completion by mid-2018. Various fixtures in both interiors and exteriors had been successfully in place.

The firm had just finished the rooftop slab and had been in the process of installing high level services, which includes fire protection, hydraulics/plumbing, and electrical. The ceilings and partitions on Level 4 had commenced. Cladding has started on Level 3, including columns which extend down to the ground floor.

Meanwhile, laying of asphalt to the internal road had been completed in the first weeks of October. The roadway that would link Lancaster Road with Nudgee Road is supposed open by the time that Ascot House opens. The widening of Nudgee Road is expected to be finished before Christmas.

Credit: Mirvac YouTube

The $950-million worth Ascot House will be the first Ascot Green project that will benefit from Mirvac’s pioneering sustainability initiative developed under Hatch. Solar panels and batteries were installed on the rooftop of the residential building. With this, future residents would reduce their electricity bills by up to 70 per cent.

Hatch had been Mirvac’s award-winning internal innovation program, which uses customer insights to drive innovative ideas in the property space for development.

Credit: Mirvac YouTube

Future residents of Ascot House will also enjoy the view of the Eagle Farm, along with the nearby parks and recreational places. The riverfront in Hamilton is just a short walk down the Racecourse Road. Clayfield and Hendra is also just within walking distance.

Completion of the Racecourse Village, a two-storey shopping centre just next to the Eagle Farm Racecourse, was also set to be completed by mid-2018, just in time for the first residents to be moving in to Ascot House. The complex would have Woolworths store and other eleven retail stores at ground level, including an open car park with 297 parking spaces.

Credit: Brisbane Racing Club YouTube

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