- Plans accommodate buyers desire for nature-orientated buildings
- Isle will be home to 136 apartments
- Comes as Quay officially sold out in just seven months
Mirvac’s latest plans for its premium apartment building, Isle Waterfront Newstead, have been unveiled following development approval from the Brisbane City Council.
The new design has been heavily influenced by increasing buyer demand for dwellings with a strong connection to nature and wellness.
The approvals come as the previous stage of Waterfront Newstead – Quay – has been officially sold out.
“All 136 apartments in the 25-level building were snapped up off-the-plan within just seven months of release for a total of $197 million. Construction of Quay is already underway and due for completion in early 2024,” said Stuart Penklis, Mirvac’s Head of Residential.
“We have launched nine major apartment projects in last 12 months, including Isle Waterfront Newstead.
“We are seeing a rise in demand for premium, well-located, larger and higher specification apartments from owner occupiers, which is what Isle will respond to – with everything from one bedroom apartments to four-bedroom penthouses.”
Stuart Penklis, Mirvac Head of Residential
Isle will home 135 residences across 25 levels, with a range of configurations. These include penthouses that span half a level.
Designed in-house by Mirvac’s award-winning team, Isle fronts Waterfront Park and is near the Gasworks Plaza.
Warwick Bible, Mirvac General Manager Residential Queensland, added that the success of Quay reflected the preference of buyers for premium apartments and amenities.
“The success of Quay and our plans for Isle demonstrate our commitment to the Brisbane market, where we are well placed to deliver exceptional quality in response to significant demand for apartments in the city and the Waterfront Newstead community,” he said.
“Now we have development approval for Isle, we’re working to bring the apartments to market as soon as possible to meet demand for this style of living in the heart of the city.
Warwick Bible, Mirvac General Manager Residential Queensland
“We’re seeing buyers looking for apartments with a sustainable design, where they can live feeling connected to nature and enjoy holistic health benefits.
“We embraced these concepts at Quay and purchasers responded extremely well. Isle will take them to the next level, creating a unique experience for residents.
Isle will also feature an infinity-edge lap pool on the rooftop along with a business lounge for those working from home.