NSW Builder Tapped for $140m Abbotsford Project

Binah Constructions has expanded north of the NSW border to put shovels to dirt at Bowen Hills’ Abbotsford project this week. 

The residential project slated for a 4092sq m site at 23-29 Abbotsford Road will transform the vacant block into 122 luxury apartments across two eight-storey buildings, as well as a restored heritage-listed residence. 

The $140-million residential project won approval from Economic Development Queensland in February. 

The project by Cintra Properties and Core Property Partners tapped the Gold Star iCIRT registered builder for the inner-north Brisbane project to add to its growing Queensland pipeline of work. 

Binah Constructions is also working on projects on the Sunshine Coast. 

The Abbotsford is in the Bowen Hills Priority Development Area, on the doorstep of major transport infrastructure, employment, health, retail and dining precincts.

▲ The 1870s heritage-listed home on the site will be restored with the two towers wrapping around it.

Core Property Partners managing director Nathan Andersen said there had been strong sales results before construction commenced. 

“Fifty per cent of our first release of 60 apartments have sold before the official start of construction,” Andersen said. 

“A large part of its appeal is the ability to live on the Newstead fringe, with the precincts of James Street, Gasworks and King Street just a short stroll away, without the Newstead price tag.

“It also enjoys greater connectivity, with Bowen Hills train station and access to major bus routes at its doorstep, and close proximity to future Olympic venues.

“The luxury apartments have been embraced by a wide demographic of purchasers ranging from first home buyers to downsizers looking to move from large homes in Hamilton and Brisbane’s inner-northern suburbs.”

The site is opposite the Bowen Hills train station. 

Core Property Partners senior development manager Bikram Kaler said a focal point of the development was an historic house on the site dating back to the 1870s.

“The heritage home has been preserved on the site and will be meticulously restored to become a striking central hub connecting the two residential buildings with shared recreation areas and landscaped gardens,” Kaler said.

“Designed by DKO Architecture, The Abbotsford takes inspiration from the heritage residence while complementing Brisbane’s contemporary sub-tropical lifestyle.

“An emphasis on lifestyle and wellness is a focus for both rooftops, with entertainment spaces for residents that include pools, yoga lawns and open areas to take in the views to the city and mountains.”

Prices start at $950,000 for a two-bedroom apartment and $1.6 million for a three-bedroom apartment.

Construction is due for completion at the end of 2026.