Citimark’s $120 million Hercules project verges on sell-out

Strong sales activity has prompted the start of construction at Citimark’s $120 million Hercules project at Portside Wharf in Brisbane’s Hamilton Northshore precinct.The off-the-plan sales run has seen more than 95 per cent of apartments sold since the project launched in December last year, equating to $105 million in sales.Leading contractor Hutchinson Builders has been awarded the construction contract following a competitive tender and began work onsite last month.Citimark Properties joint managing director Robert Pullar said Hercules’ Portside gateway location, residential amenities and high quality finishes including an innovative two storey, 30m digital screen located on the building’s façade had been major drawcards for buyers.“The design and finishes of the apartments are synonymous with riverside living,” Mr Pullar said.“We believe Hercules has set a new benchmark for attainable luxury riverfront product in Hamilton.“Coming so close to a sell-out with construction just beginning tells a story of strong demand for riverfront product in Brisbane but also says the product we’re delivering at Hercules is resonating with buyers.”The 2963sqm site is located at the entrance of Northshore Hamilton’s Portside Wharf, just six kilometres from Brisbane’s CBD and will feature 228 residential apartments across 16 levels.The project will offer a north-facing podium level boasting multiple resort and spa-style recreational zones.Marketing agent Paul Lambert of McGraths said the positive response to the project was reflective of Hamilton’s evolving urban renewal.“Northshore Hamilton is the largest urban regeneration project in Brisbane – six times the size of the Brisbane CBD,” he said“With 95 per cent of apartments now sold, this represents an opportunity for buyers to position themselves within one of Brisbane’s most sought after addresses.”Hercules will comprise 84 two-bedroom, two-bathroom designs plus a number of one-bedroom configurations, including 32 one-bedroom apartments, 56 with one-bedroom plus a study and a further 56 with one bedroom and a multipurpose room.Apartments at Hercules range in size from 51sqm to 77sqm and are priced from $369,000 for one-bedroom apartments with two-bedroom apartments from $520,000.Construction is due for completion in mid 2017.Hercules is conveniently located within a two kilometre radius yielding eight public and private schools, medical facilities, golf courses and racecourses Key public transport and more than 140 shops, restaurants, cinemas and boutique retail outlets.Apartments will have high-end finishes and features including stone benchtops, air-conditioning to the living area and main bedrooms, European style appliances and secure building access.Resident-only facilities are designed in zones with will include a resort-style pool, urban garden rooms, yoga lawns and outdoor kitchen facilities.Landscaped surrounds complement the vibrant community, which features an array of restaurants and cafés, local amenities and retail precinct.For more information visit www.herculesnorthshore.com.au.