Next stage of Mirvac’s $1b Waterfront Newstead project — Sky Precinct — has been approved
The next stage of a $1b riverside community in Brisbane’s trendy inner north, which has been 20 years in the making, has been given the go ahead and promises to be a “park within a park”. SEE THE ARTIST’S IMPRESSIONS.
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The next stage of the $1b Waterfront Newstead community is set for take off early next year after developers received the green light to start work on its new Sky Precinct.
ASX-listed Mirvac received development approval from the Brisbane City Council for the 25-level apartment tower on the Brisbane River.
It has been designed as a “park within a park”, drawing greenery from neighbouring Waterfront Park up its facade and across lush landscaped balconies.
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The tower will feature 143 one, two, three and four-bedroom apartments, designed for owner-occupiers and will embrace Brisbane River views and the city’s subtropical climate.
At 57 Skyring Terrace in Newstead, it will also include a suite of exclusive resident lifestyle amenities, retail and a ground-level tropical oasis featuring pools of water, shaded enclaves and grassed areas, designed in conjunction with landscape architects RPS, which will connect to — and expand — Waterfront Park.
Work is set to start on a new Waterfront sales and display suite, on the corner of Cunningham Street and Skyring Terrace, in preparation for the project’s launch.
Mirvac head of residential Stuart Penklis said they engaged with the community and council on the design prior to lodging the development application, which was in keeping with the Newstead and Teneriffe Waterfront Neighbourhood Plan.
“We are thrilled to now have approval to bring this exciting vision to life,” he said.
“Our focus has been on creating a building that will become a true landmark of the Brisbane City skyline and a lifestyle destination that does full justice to its prominent location, on the Brisbane River, with an array of amenity at the doorstep and just two kilometres from the CBD.”
Mr Penklis said over 50 per cent of the 5552sq m site dedicated to open space.
Mirvac started developing its vision for the Waterfront Newstead masterplan in 2001 and has delivered the first three stages — Pier, Park and Unison, with development approval in place for another future stage, the Shore Precinct.
Mr Penklis said Mirvac was planning to push the button on the Sky Precinct as the next stage, due to strong interest from potential purchasers and the opportunity to deliver the expanded green open space to the community as soon as possible.
“We have already been receiving interest from potential purchasers, who love the Newstead area and are impressed by our vision for the Sky Precinct,” he said.
“Resident amenities will include a ground level wellness centre with gymnasium and yoga studio that look out to water features and tropical landscaping and a resident’s lounge and private dining room on level 19, with spectacular views of the New Farm reach of Brisbane River.
“The jewel in the crown will be the rooftop 25m infinity edge pool, spa and barbecue terrace, with views over the Brisbane river.”
Mr Penklis said Mirvac was planning a boutique retail precinct at the base of the Sky Precinct.
