The 22-level building will be developed between the prominent blue Conder building and the Boyd building in Newquay. It will be accessed from Aquitania Way. H1 will include about 300 apartments starting from $395,000, and topping out at $950,000.
Residents get at least one car park, and full use of a library and gymnasium. They will also be able to host their own exclusive dinner parties in a supper club that is part of the development.
MAB Corporation chief operating officer Guy Pahor says there is significant pent-up demand for quality apartments in Docklands from both owner occupiers and investors.
“Given the fundamental under-supply of rental accommodation in Melbourne, coupled with falling interest rates and a volatile share market, an investment in H1 provides an opportunity to invest in an iconic new development in Melbourne’s established Docklands neighbourhood,” he said.
H1 is due for completion in 2011.