New tower for Yarra’s Edge
31 Aug 2010
Following an eight year hiatus, Mirvac has revealed its sixth Yarra’s Edge residential tower - Yarra Point.
Overlooking the 1 hectare Point Park, the $200 million north-facing Yarra Point development will be set over 31 levels and feature 201 one, two and three bedroom apartments. Prices start from about $500,000.
The launch of Yarra Point follows the sell out success of the developer’s five existing Yarra’s Edge residential towers – T1-T5 and Stages 1 and 2 of the exclusive River precinct.
Mirvac Development Victoria and New South Wales CEO John Carfi believes the premium reputation of Yarra’s Edge is underscored by its riverside north-facing waterfront aspect and unique apartment designs.
“Mirvac’s apartments are typically more spacious than other developments and enjoy stunning city, river and bay views. These defining attributes have led to the median price of Yarra’s Edge apartments increasing to $780,000 in 2010, over 20 per cent higher than in Docklands and 50 per cent more than Melbourne as a whole,” Mr Carfi said. “Quite simply, there is nothing else on our waterfront like Yarra Point,” he said.
Reflecting the area’s design evolution, Yarra Point will be the precinct’s newest and most finely detailed building to date. The facade will feature extensive tinted environmental glazing to optimise views, while transparent edges and vertical tower elements showcase the building’s strong, slender form.
“Yarra Point is a contemporary new addition to Yarra’s Edge, its light structure a striking contrast to the form of Tower 5,” Mirvac design director Julian Venning said.
The only apartment building within the precinct to enjoy direct park views and access to Point Park, Mr Venning was inspired to create a breathtaking two-level lobby featuring mature trees, a garden of succulent plantings and bluestone paving that extends from the adjacent park into the building’s inner sanctum.
Defying the trend towards smaller apartments, Yarra Point apartments boast spacious layouts and range in size from about 55m2 to 200m2 with quality interiors. In addition, with sustainability becoming increasingly important, sustainability requirements are met with master electrical switches, visual energy meters, double glazing, water harvesting and a selection of efficient fixtures and appliances.
Throughout the design process, Mirvac undertook extensive research to gain a better understanding of the needs of its customers.
Their feedback inspired Mirvac to create a landscaped garden and meeting space atop an adjoining low rise podium where residents can enjoy communal barbecue facilities, patio and contemplative space.
Yarra Point residents will also benefit from a minimum of one car parking space included in each apartment.
As an integrated real estate group, Mirvac will exercise total control over the entire development process, from concept to completion. Construction is anticipated to commence soon after release with completion anticipated for 2013.
For further information visit yarrapoint.com or contact Mirvac on 9645 9400.
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