Mirvac's Portman, Green Square apartments hits 63 percent sold
Mirvac has advised the sales tally at its $216 million Portman, Green Square project has hit 63 percent.
The apartment project is on Portman Street, Zetland.
Located seven kilometres from the Sydney CBD the project was designed as art deco-inspired architecture.
Due for completion in 2023, 119 residences will form Portman on the Park and 45 will be built in Portman House. Portman House is over 50% sold, with apartments in Portman on the Park 67% sold.
Portman House joined Portman on the Park in being Australia’s first residential building registered to pursue WELL Certification.
The 12-level Portman on the Park is made up of one, two and three-bedroom apartments.
Guided by the 11 concepts of WELL, the luxury Mirvac apartments were designed in partnership with Sydney architects CO-AP in collaboration with Mirvac Design.
Its pricing in 2021 included 1 Bed, 1 Bath, 0 Car from $740,000 to $810,000 and 2 Bed, 2 Bath, 0 Car from $999,000 to $1,050,000.
Mirvac is also securing sales at the nearby $207 million The Frederick project which is 29 percent sold. It is 23 storeys, a collaboration between Smart Design Studio and Mirvac Design.
The Green Square Town Centre is home to many affluent, young professionals with convenient access to major employment centres, transport and amenity.
The construction of a major residential, retail and cultural hub sees current planning for 35,000 new dwellings, 13,400 sq.m of retail, 50,500 sq.m of office floorspace and community facilities at Green Square.
The staged development has already delivered the Green Square Library, the creative arts centre, childcare, Green Square Community Hall, small scale retail and residential apartments.
Population forecasts developed by Transport for NSW prior to the onset of COVID-19 forecast the population of the Green Square area to increase to 62,259 in 2036, significant growth from the 2016 population of 36,195.
The projected growth equates to around 1,300 additional residents per year at an average annual growth rate of 2.7%, which is higher than Greater Sydney (1.7% per annum).