Sydney based Mirvac has unveiled three projects of varying budgets in the capitals north and south of it.
In Melbourne’s east Doncaster, on part of the 47 hectare ex-Eastern Golf Club course which is making way for the Tullamore housing estate, it has started converting historic stables Elephant House into a hospitality venue – and found an operator.
The Stables Provedore Café, a restaurant and fresh produce store, is designed with an outdoor deck capable of seating 45 people.
It will offer indoor dining too.
Wedged between apartment complexes fronting Doncaster Road, and townhouses, the landlord said the Stables Circuit complex will trade between 7am-4pm and be available for events.
More than 500 BTR units for Brunswick
In Brunswick, six kilometres north of Melbourne, Mirvac with Milieu has lodged plans for a 10-level Build to Rent investment at 395-411 Albert Street.
Albert Fields, with 527 dwellings, would replace a collection of commercial development sites and terrace homes between Clifton and Gilpin parks.
Stockland owns a nearby block where it is proposing own-your-own dwellings – a mix of townhouses and flats.
Mirvac was in May shortlisted against Cbus Property to buy a 1.4 hectare East Melbourne parcel opposite Treasury Gardens from the state government’s VicTrack. The incoming owner is expected to propose a mixed-use village with apartments, and possibly a hotel and office, over ground floor retail (story continues below).
Mirvac refocuses in Queensland
Meanwhile Mirvac has released details of the lower level plane at a 35-storey office it is developing with co-owner M&G Real Estate at 80 Ann St in Brisbane.
Designed by Woods Bagot, the investment is replacing a mid-rise building once occupied by Queensland’s Primary Industries Board. It is due for completion in 2022.
Over two floors, the proposed Fruit & Produce Exchange will contain 1900 square metres of public space and connect to Turbot St via a restaurant-themed laneway.
Mirvac has 27 per cent of the tower to fill; pre-commitments so far have been by Suncorp (for 39,000 sqm) and serviced office company Spaces (6000 sqm).
The project will include terraces and be landscaped.
Four street artists, chosen in partnership with Vast Yonder as part of the Brisbane Street Art Festival, will have work displayed at 80 Ann St until building is finished.
On Monday we reported Mirvac sold a Brisbane CBD office to Forza Capital for $86.8m – 11pc over the June, 2020, book value.