COVID-19, poor market blamed for delay on Mt Gravatt apartment block

Economic pressures from the coronavirus have been blamed for another holdup on a proposed new apartment complex south of Brisbane.

The developers behind a 29-unit Upper Mount Gravatt apartment complex have written to the council asking to delay the works. They blame COVID-19 and poor market conditions for the holdup.

ECONOMIC pressures from the coronavirus have been blamed for another holdup on a proposed apartment complex in Upper Mount Gravatt.

Brisbane City Council approved the construction of the 29 unit apartment complex along Pickworth St in September 2016.

But the applicants, Biguang Pan, Chun Jing, Mary Jane and Jean-Marc Laurillard, have since written to the council requesting an extension to the development.

Concept plans of the proposed apartment complex to be built in Pickworth St, Upper Mount Gravatt. Coronavirus and changed economic pressures have caused a delay in the construction.

They claim the circumstances from coronavirus have caused a delay in the works.

“As a consequence, it will not be possible to complete the development in the remainder of the relevant period,” the letter, sent by Wiltshire Stevens Architects, reads.

It’s the second time development of the residential project has been deferred after the four decided to delay progress due to “an oversupply and change in demand for Apartment Units and Townhouses” in the area.

The letter asks for a four year extension to the currency period for the development.

A site plan of the apartment complex to be built along Pickworth St.

The proposed complex will cover about 1300sqm and house 29 residential dwellings when completed.

Coronavirus has placed additional strain on Queensland’s building industry as construction slows to a crawl and apartment sales slow.

Last month, Consolidated Properties announced they were deferring work on the $850 Yeerongpilly Green, south of Brisbane CBD.