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Mirvac adds another gem to Newstead's urban renewal treasure chest

Business

A 135-unit development will be the newest addition to developer Mirvac’s plans for Newstead, one of south-east Queensland’s urban renewal success stories.

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Isle Waterfront will be a 25-level project on Skyring Terrace and sit alongside its sold out Quay Waterfront, which generated almost $200 million in sales.

It adds to Mirvac’s $1 billion Newstead community, which it has held since 2001 and where its Pier, Park and Unison projects have helped transform a precinct of disused wharves and dilapidated warehouses into one of the most sought-after places to live in Brisbane.

The Quay and the build-to-rent 396-unit LIV Anura projects are under construction.

The Waterfront projects were its next stage and would be followed by Sky stage two and three and the Lake precinct.

Mirvac general manager of residential in Queensland Warwick Bible said there was an increased preference for premium apartments.

He said buyers were looking for sustainable design.

Isle would have a rooftop pool and spas, a dining room and cocktail bar. It would also include a gym and business lounge for residents working from home.

 

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