Mirvac secures $234 million in sales at Waterfront Newstead, including $14 million penthouse sale
More than $234 million worth of apartments have sold in the first two releases of Mirvac’s $350 million luxury residential precinct Waterfront Newstead.
Located two kilometres from the Brisbane CBD in the Newstead Riverpark community, the 10.6-hectare site will feature six residential precincts once complete, accommodating over 1,000 residents.
Construction on the first release, Pier, began in 2009 with construction starting on the second release, Park, in 2010.
Pier features three- and four-bedroom apartments priced from $2.35 million and Park features two- and three-bedroom apartments priced from $650,000.
A luxury penthouse in the Pier development sold for over $14 million, a Brisbane property record.
“Newstead Riverpark is already becoming a vibrant new community and destination," says Mirvac’s Queensland development director apartments Brett Robinson.
“Across our various stages, Mirvac will offer a variety of apartments to accommodate the diverse mix of residents the precinct will attract - from young professionals through to empty nesters and retirees.
“Pier boasts absolute premium three and four bedroom apartments, right on the riverfront, with the finest of fittings and finishes and an on-site concierge, adding to the luxury and convenience available and making it an extremely rare residential offering,” says Robinson.
Mirvac’s Waterfront Newstead community will take around 15 years to complete.
The residential community will be part of the larger scale Newstead Riverpark, which will feature FKP’s $1.1 billion Gasworks development.
Upon completion, the Gasworks development will include seven buildings offering 17,000 square metres of retail, 103,500 square metres of commercial space and around 750 residential apartments.
