Mirvac Gets Ready to market Sixth Docklands Skyscraper

At its entrance, Mirvac’s new tower will include a double-storey lobby with mature trees, a garden of succulent plantings and bluestone pavings that extends into the building from the adjacent, one-hectare Point Park.

A resident lounge will suspend from a mezzanine level in the entrance lobby.

Yarra Point will be developed on the corner of Lorimer Street and Point Piper Crescent. Upon completion the tower will rob city views from West Gate Freeway car commuters, around the Montague Street intersection.

Mirvac is developing the $2 billion Yarra’s Edge piece of Docklands, which runs south of the Yarra River to Lorimer Street, between the Charles Grimes Bridge and the Bolte Bridge.

The southern edge of Yarra’s Edge is also the suburb border of South Melbourne and Port Melbourne.

Yarra Point is Mirvac’s first skyscraper proposal at Yarra’s Edge since T5 was launched in 2002. In recent years at Docklands, the developer and fund manager has instead developed luxury townhouses, one which recently made headlines for selling at $6 million.

Rival developer MAB Corporation also developed townhouses at Docklands during the economic downturn, but it announced it would build a new skyscraper earlier this year.

Elsewhere in town, Mirvac owns what is considered the best remaining residential development sites in Southbank, currently configured as low rise offices in front of the Eureka Tower, and Freshwater Place.

In metropolitan Melbourne, Mirvac’s property portfolio includes a 56 hectare residential development site spread over two south-eastern suburbs: Scoresby, and Wantirna South – set to become a major housing estate.

In the west, Mirvac and joint venture partner, the Malaysia-based Jayaland, have reignited plans to redevelop 737 hectares of former Department of Defence land into a major village of shops, offices and dwellings.

Mirvac says the Rockbank development will be the group’s largest master planned community in Victoria. Until recently the land was outside the area defined as the Urban Growth Boundary.

Share or Recommend article

Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.