Australian construction firm Watpac has secured a contract to build the $325m Mary Lane, a residential, hotel and dining precinct in the Brisbane CBD, Australia.

The contract, awarded by property developer Mary 111, is valued at $188m. Designed by architects Woods Bagot, the project will include the construction of a 37-storey tower.

The tower will feature The Westin five-star international hotel, 184 luxury one-, two- and three-bedroom residences, a multilayered atrium with laneways, fine dining restaurants as well as bars.

The 286-room hotel will include four podium levels with a large, resort-style pool with swim up bar, a gymnasium, a day spa, function space, a lobby bar and restaurant.

The building will have separate facilities for residents and guests including a roof top recreation deck comprising pool, a gymnasium, BBQ and function spaces.

Mary Lane development manager Ian Pert, of GMP Management, said: “We expect a build timeframe in the vicinity of 24 months which points to completion of Mary Lane in 2018.”