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Waterfront
CUNNINGHAM STREET, NEWSTEAD, QLD
DESCRIPTION
Waterfront, Newstead is a premium residential, retail and parkland development, located on a prime 10.5 hectare, north-east facing riverfront site. The site is located in the inner city suburb of Newstead which is 2km from the Brisbane CBD and 8km for the Brisbane Airport.
| SUMMARY INFORMATION – 31 DECEMBER 2011 | ||
|---|---|---|
| IN PROGRESS | ||
| ACQUISITION DATE | Apr 08 | |
| LOCATION | Newstead | |
| PROJECT VALUE (INCL. GST) | $107m | |
| TOTAL LOTS | 102 | |
| PROJECT PERIOD | mid 2010 – mid 2014 | |
| OWNERSHIP STRUCTURE | 100% Mirvac Limited | |
UPDATE
Stage 2, is a 8-16 storey building comprising 102, 1,2 and 3 bedroom apartments and 400sqm of retail space on the ground floor. Park has an eastern aspect overlooking the parklands and represents the entry price point for Waterfront with prices starting just under $500k. The target market is both investors and owner occupiers. Park was released on 29 March 2010 and there have been 37 apartments sold to date.