STRONG interest is expected in the second stage of Mirvac’s billion dollar plus Waterfront, development when it is released to the market today.
Named Park, the second stage will open up the prestigious community to a wider range of purchasers including first-home buyers and investors with its affordable price points.
The architecturally designed complex features a 16-storey and eight storey tower and will comprise 102 two and three-bedroom apartments, five one-bedroom apartments and a ground floor retail space.
Mirvac Queensland chief executive Development Matthew Wallace said Park would have broad appeal and the pricing would enable a significant sector of the Brisbane community to seriously consider it as a lifestyle option.
He said the project’s riverfront first stage Pier North and Pier South had an average price of around $3 million, representing the development’s premium product.
“However, with Park we have been able to lower the entry price considerably and residents will still get to use and appreciate all the community facilities within the project as well as enjoying superb views from all levels,” Mr Wallace said.
To be released across seven stages, Pier, Park, Lake, Shore, Sky and Waterloo, Waterfront, Newstead is a masterplanned community on Brisbane’s riverfront.
Taking centre stage within the community will be a 10,000sq m lake that will be complemented by more than five hectares of parkland to create an inner-city recreation space for the community to enjoy.
All but three apartments within Park will boast views of Waterfront Park with 98 per cent enjoying direct frontage and nearly the same amount enjoying river glimpses.
In line with Mirvac’s traditional apartment product, the 23 three-bedroom apartments have been designed for maximum liveability.
At the same time, the 65 two-bedroom apartments provide owners with adequate living space and have been designed to capture breezes.
Each of the apartments will include a range of appliances as standard, including integrated refrigerators and freezers, dishwashers, microwaves, washing machines and dryers.
Mr Wallace said the apartments in the south tower would also feature integrated television plinths to maximise the floor space.
“The whole aim was to make moving into these properties a simple proposition with the need to only bring or update soft furnishings,” he said.
Set on more than 10 hectares, the development’s perimeter is surrounded by the tree-lined Skyline Terrace which will extend through the site to Breakfast Creek Road.
Running through the development is a pedestrian arc that provides access to the myriad of cafes, restaurants and shopping facilities that will line the terrace.
Mr Wallace said Waterfront was virtually a mini-suburb in the making and once finished would be a community facility for the whole Brisbane community to enjoy.
“The fact that we are going to deliver all the parkland and the lake as part of the first stage means that the surrounding residents will also reap the benefits immediately once the first stage is completed,” he said.