Pioneering loft-style apartments

MAB Corporation is targeting young professionals in its upcoming NewQuay development Elm & Stone.

According to MAB general manager of residential David Allt-Graham, the influx of young professionals in Docklands is driving demand for more “youthful” apartment developments.

In Docklands this has taken the form of loft apartments in the $150 million Elm & Stone development. The industrial style loft apartments will use a split-level to create a mezzanine space that could be used as a living area, children’s play space, extra bedroom or studio.

“Elm & Stone is one of the first genuine loft developments to be built in Melbourne and is definitely a first for Docklands,” Mr Allt-Graham said.

“We prototyped multiple variations of this design to deliver the height and space that you might find in a converted warehouse, whilst capitalising on the great design benefits of secure, elevated, north facing, apartment living.”

Alongside the one and two bedroom loft apartments, Elm & Stone will also feature traditional one, two and three-bedroom apartments and three-level townhouses.

Prices start at $384,000 for apartments and $535,000 for lofts and construction is expected to be completed by late 2018.