Two thirds of new Collins Wharf project already sold

Victoria Harbour developer Lendlease’s latest apartment project for the precinct dubbed “Regatta” is already two-thirds sold since its off-market launch in March this year.

The results are a positive indication as to the strong interest in the off-the-plan market in Docklands, with most of the early apartment purchases reportedly being made by first-home buyers and downsizers.

Located at 951 Collins St and designed by architect Warren and Mahoney, Regatta at Collins Wharf is a 29-storey development comprising a mix of 317 residences, including 290 one-, two- and three-bedroom apartments and a collection of luxury four-bedroom residences.

Built atop the “finger wharf” between Victoria Harbour and the Yarra River, Lendlease’s head of apartments Daniel Dugina said buyer interest has been buoyed by confidence in the delivery of the development.

“With two thirds of the homes at Regatta at Collins Wharf now sold, the significant demand demonstrates the return of confidence in the off-the-plan housing market with the development welcomed by first home buyers through to downsizers seeking a quality home within this desirable dual-waterfront neighbourhood with easy access to the CBD,” he said.

“Regatta at Collins Wharf is the next stage of our ongoing investment in the area, with the precinct’s location presenting an exciting opportunity for Melbourne’s city centre to stretch further westwards and engage with the water, connecting its maritime past with the contemporary vibrancy of the city for residents, workers and visitors.”

Early works have already commenced, with construction expected to start in early 2024 and anticipated for completion in 2026.

As part of the project, Lendlease said new parks and open spaces would also be created for the community.

In preparation for its build-to-rent development opposite Buluk Park, the developer recently cleared the site at the end of Collins and Bourke streets, which included temporary outdoor play and fitness equipment.

Lendlease has pointed the community to instead use the Docklands Sports Courts located at 68 Harbour Esplanade as an alternative option. These courts can be used as casual walk-ins as well bookings: activemelbourne.ymca.org.au/venues/docklands-sports-courts •