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Yarra's Edge
35 SOUTH WHARF DRIVE, DOCKLANDS, VIC
DESCRIPTION
Yarra Point is a 31 level residential tower of 201 apartments located within the Park Precinct of Mirvac's Yarra's Edge development at Melbourne's Docklands. The site benefits from views to the City, Yarra River and Port Phillip Bay.
Also located at Yarra's Edge is River Homes Precinct which consists 82 strata-free homes across a mix of Riverfront, Terrace and Home Office product offerings, River Precinct is just minutes from Melbourne's CBD and benefits from incredible views of the river and city skyline.
A 149 berth marina is located on the river to the north of the residential component.
| SUMMARY INFORMATION – 31 December 2011 | ||
|---|---|---|
| IN PROGRESS | ||
| ACQUISITION DATE | Mar 04 | |
| LOCATION | Docklands | |
| PROJECT VALUE (INCL. GST) | $411m | |
| TOTAL LOTS | 432 | |
| PROJECT PERIOD | mid 2004 – mid 2014 | |
| OWNERSHIP STRUCTURE | 100% Mirvac Limited | |
UPDATE
Yarra Point was launched in October 2010 and over 80% of the apartments are now sold. Construction commenced in December 2010 with completion expected in FY13.
Construction on River Homes Stages 1 & 2 is complete and 47 of the 48 homes are sold and settled. The final Stages of River precinct (Stages 3 & 4) are currently under construction and are anticipated to be completed and settled in FY13. To date 31 of the 34 homes in Stages 3 & 4 are sold.
Of the 149 marina berths, 96 are settled and a further 4 exchanged, construction was completed Dec 2008.