RESIDENTS of Newstead and surrounding suburbs could be in for 12 years of construction and added traffic as a new waterfront development takes shape.
Two apartment blocks have been completed at Waterfront Newstead, but a spokesperson for development company Mirvac said the finish date could be more than a decade away, depending on market demand.
Of the 99 apartments already constructed, 54 have been sold, with the penthouse selling at a Brisbane property industry record of $14.25million.
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