Mirvac fast tracks second 25-storey apartment tower at Sky Precinct after Quay Waterfront success

A near sellout of its first apartment tower at a $1bn Brisbane waterfront community has prompted the developer to push forward plans for a new 25-storey tower. SEE THE PICTURES

A leading developer has fast tracked plans for the next stage of its $1bn Waterfront

Newstead community on the Brisbane River, lodging a development application for a 25-storey apartment tower.

ASX-listed Mirvac has brought forward plans for the new building, which is the second stage of its Sky Precinct at 57 Skyring Tce, following the success of stage one, Quay Waterfront Newstead, which is nearing sellout following over $155m in sales.

Mirvac head of residential Stuart Penklis said the planning phase for the new stage was brought forward shortly after Quay’s successful debut to the market in April.

“The response to Quay has been phenomenal and we realised early on it was going to reach its sales targets well ahead of schedule, prompting us to start looking at expediting timelines for this exciting next stage,” he said.

“Our vision is to create a unique building that complements Quay and again develops the Buildings that Breathe principles, with a living green facade, soft organic form and significant connection to the surrounding natural environment.

“The proposed building takes full advantage of its northern aspect towards the Brisbane River and Waterfront Park, with apartments capturing cooling breezes and residents enjoying significant resort-style amenity designed for lifestyle and wellness.”

An artist's impression of the second apartment tower in Mirvac's Sky Precinct.

The subtropical design tower, which will have 135 apartments and 825sq m of retail, is focused on organic forms and a connection to nature. It will have a mix of one, two and three bedroom residences, along with expansive four-bedroom pavilions and penthouses.

It will include extensive resident amenity, with a riverside rooftop featuring a pool, sunset bar, sky gardens, wellness spaces, along with a gym and business centre on level 2 to facilitate the continued trend towards working from home.

On the ground-floor, it will offer a collection of prime retail spaces, which integrate with landscaped green enclaves, water features and shaded areas connected to the neighbouring Waterfront Park.

It is anticipated the new building will be released to market in mid-2022, pending approval from Brisbane City Council.

An artist's impression of the view from the second apartment tower in Mirvac's Sky Precinct.

Mirvac Design director Michael Wiener said the team worked closely with landscape architects, RPS, to develop a lush planting palette that will enhance the liveability of the building and the urban space.

“Integrating living greenery with architecture is essential to subtropical design and we’ve placed significant focus on this, both in terms of the planned building and how it interfaces with — and expands — Waterfront Park,” he said.

“In the public space, there will be sculptural shade structures with greenery, screening elements and luxuriant trees, which will look fantastic and enhance people’s experience. We see it as the rebirth of a new Waterfront Park that is more reflective of the vibrant Newstead neighbourhood of today.”

Mirvac has been developing its Waterfront Newstead community since 2001, including the completed Pier, Park and Unison buildings and its latest stage, Quay, which is under construction and due for completion in early 2024.