- Mirvac's $1 billion development reaches new stage
- The first stage is seeing success with a near sell-out
- The new development will be a 25-level building featuring 135 apartments
Property group Mirvac is taking the next step by lodging a development application for Sky Stage 2, a part of its $1 billion Waterfront Newstead community on the Brisbane River.
This comes after success in its first stage, Quay Waterfront Newstead, which is nearing sell-out following over $155 million in sales.
Mirvac head of residential Stuart Penklis said, “The response to Quay has been phenomenal and we realised early on it was going to reach its sales targets well ahead of schedule, prompting us to start looking at expediting timelines for this exciting next stage.”
The development, at 57 Skyring Terrace, will be a 25-level sculptured building featuring 135 apartments and 825sqm of retail.
The building will feature a mix of one, two, and three bedroom residences, along with expansive four bedroom pavilions and penthouses.
It will include extensive resident amenities, with a riverside rooftop featuring a pool, sunset bar, sky gardens, wellness spaces, a gym, and business centre.
On the ground floor, Waterfront will offer retail spaces connected to the neighbouring Waterfront Park.
Mirvac said the new building will likely be released to market in mid-2022, pending approval from Brisbane City Council.
Mr Penklis said, “We look forward to working with Brisbane City Council and the community on our plans for this new stage over the coming weeks.”
Mirvac has been developing its Waterfront Newstead community since 2001, including the completed Pier, Park and Unison buildings, and its latest stage Quay, which is under construction and due for completion in early 2024.
Mirvac design director Michael Wiener said the team worked closely with landscape architects RPS to develop a planting palette to enhance the liveability of the building and the urban space.
“Integrating living greenery with architecture is essential to subtropical design and we’ve placed significant focus on this, both in terms of the planned building and how it interfaces with, and expands, Waterfront Park.
“In the public space, there will be sculptural shade structures with greenery, screening elements, and luxuriant trees, which will look fantastic and enhance people’s experience.”
The apartments have been designed with variable balcony widths to create deep eaves for shelter, planting and cross-ventilation, said Mr Wiener.