Construction starts at Mirvac's Quay Waterfront apartments in Brisbane's Newstead
The ASX-listed developer Mirvac has started work on their $180 million Brisbane apartment tower, Quay Waterfront Newstead, part of its $1 billion Waterfront community.
Queensland Treasurer and Minister for Investment, Cameron Dick, joined Mirvac General Manager Build to Rent, Angela Buckley, and Mirvac General Manager Residential Queensland, Warwick Bible, to turn the first sod on the buildings.
The 25-level Quay Waterfront has already secured 70 per cent of its 143 riverside apartments, with prices starting from $475,000.
It will feature a luxury rooftop pool and entertainment area, exclusive shared dining room, wine room and ground-floor yoga studio, gym and wellness rooms. Construction is also anticipated for completion in early 2024.
More than half the site area of Quay will be dedicated to open space, injecting more than 2,000 sqm of parkland to expand Waterfront Park.
Mirvac has also commenced construction on LIV Anura, their dual-tower $270 million built-to-rent project in the same precinct. It is set to be one of the first large-scale built to rent projects in Brisbane when completed in early 2024.
LIV Anura will contribute more than 1,000sqm of retail and deliver a new cross block linkage connecting Skyring Terrace and Festival Place for easy pedestrian access to the parkland and riverfront.
The development, which is being delivered in partnership with the Queensland Government as part of its Build to Rent Pilot Project, will have 395 apartments exclusively for renters, including 25 per cent for key workers, across the 23 level and 25 level buildings.
The development will feature a dedicated community team, a suite of sustainability initiatives including 100 per cent renewable energy to all apartments and car, bike, scooter and E-bike share, and an entire level dedicated to facilities, such as a cinema, games room, yoga studio, gym, pool, co-working spaces and a pet park.
Mirvac General Manager Residential Queensland, Warwick Bible, said LIV Anura and Quay were the next transformative chapters in the mixed-use Waterfront Newstead community, which Mirvac had been delivering for two decades.
“When we completed the first stage of Waterfront Newstead, Pier, in 2011 we spearheaded the urban renewal of Newstead and LIV Anura and Quay follow that proud legacy,” Bible said.
“The two projects complement each other, providing a range of new opportunities to live in this fantastic location, with our Quay apartments setting a new standard for holistic riverside living.
“Quay is designed to make a statement with a bold organic architecture and lush landscaping spilling from its balconies, while inside residents enjoy refined interiors and stunning Brisbane River views.