Developer Pradella has started construction on the first stage of a $125 million dual tower community centred around the city’s iconic SkyNeedle.CONSTRUCTION on the first stage of South Brisbane’s dual tower $125 million SkyNeedle project has kicked off, centred around the city’s iconic Sky Needle.SkyNeedle, an 88 metre pillar, was a key feature of Brisbane’s World Expo in 1988, and remains a prominent marker on the city skyline.Last Thursday, Pradella director Kim Pradella joined Brisbane Lord Mayor Graham Quirk to officially launch the start of construction on the first tower, comprising 110 of the total 237 apartments in the project, which will incorporate a refurbished SkyNeedle as part of its design.SkyNeedle in South Brisbane.More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoPradella has appointed RCC Builders to build SkyNeedle Apartments. The two-stage project will be complete with a cafe at the base of the second tower and a tropical garden oasis with a pool and barbecue terrace for the exclusive use of residents.More than 70 per cent of apartments in the first stage have already sold for a total of $38 million, with remaining one-bedroom apartments priced from $428,000 and two-bedroom abodes available from $544,000.“Brisbane is evolving into a new world city and it’s important that as we usher in this next chapter of growth, we recognise the foundations this fantastic city was built on by preserving monuments of the past, like the SkyNeedle and the old gas and light station,” Mr Pradella said.“SkyNeedle has already attracted strong interest from both owner occupiers and investors not only from Brisbane, but also nationally and internationally, who are ready to be a part of what will undoubtedly be one of Australia’s most unique and identifiable addresses.”Lord Mayor Graham Quirk said the SkyNeedle had been a much-loved icon of Brisbane for nearly 30 years and it was exciting to see it returning to its true home in South Brisbane to be restored to its former glory as part of a high-quality residential project.
Less then a year after taking the position, Stephen Koukoulas, has resigned in his post as Australian Prime Minister Julia Gillard’s economic adviser. The Gillard Government has not yet officially appointed or announced who will be replacing Koukoulas; they are expected to wait until he has officially left to do so. Four weeks ago, Gillard mentioned that after returning from extended leave, former Treasury secretary, Ken Henry, will take the part-time post of a special advisor in the Department of Prime Minister and Cabinet, but it is unknown when this will occur. Stephen Koukoulas, the former head of income at Toronto Domain Bank in London, is said to be relocating to either Melbourne or Sydney to continue to work in his desired field of the financial markets. Facebook Twitter: @NeosKosmos Instagram