Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.

Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.

The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.

[smartcode_project:default project_id=114246 project_image_fid=378718]

Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

[smartcode_project:default project_id=114246 project_image_fid=378713]

A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.

Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.

"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.

The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.

Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.

[smartcode_project:default project_id=149951 project_image_fid=377072]

Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”

The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.

“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.

“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”

“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”

<img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.

Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.

Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.

The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" />

Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.

Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.

A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.

<img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." />

&nbsp;

&nbsp;

&nbsp;

Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

First look: New apartment tower pitched for Strathfield Town Centre precinct

An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.

Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.

Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.

The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.

[smartcode_project:default project_id=95606 project_image_fid=378731]

All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.

The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.

[smartcode_project:default project_id=95606 project_image_fid=378732]

A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.

OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.

“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”

Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.

“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.

“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

Mirvac

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Mirvac has advised its default rate among its apartment buyers remains below 2 percent.
The group noted defaults were tracking below 2 percent which is in line with where they were at the group's first half financial results advised in February.
Its chief executive Susan Lloyd-Hurwitz said the company's strong performance had been driven largely by a "strategic overweight" position in Sydney and Melbourne.
“We believe we will continue to bene t from the densi cation of these cities in the years to come, through our urban asset creation and mixed-use capabilities."
Residential conditions continue to be mixed nationally, it noted.
"Price growth in the Sydney and Melbourne established markets increased materially, following a strong spring and summer season.
"Recent moves by regulators and lenders will likely see price growth ease, however demand is expected to remain sound. Increasing urban population growth, support from low interest rates and demand for quality dwellings in attractive locations is expected to continue.
"In Brisbane, price growth for apartments has moderated with more solid growth for housing and semi-detached dwellings, while Perth has seen signs of improved demand, particularly among rst home buyers, with support from government incentives. 
"We have seen a solid amount of sales activity, up 18 per cent on the prior corresponding period, and we remain on track to achieve a full-year return on invested capital of more than 15 percent," she said in a statement releasing the group's third-quarter update.
"We also expect to settle approximately 3,300 residential lots in FY17."
“With housing affordability becoming an increasingly concerning issue in Sydney, Mirvac launched its The Right Start initiative during the quarter to assist rst time home buyers in securing their own home.
"The Right Start gave over 50 first home buyers the opportunity to purchase at our Sydney Olympic Park development, and we will continue to look at how we can address housing affordability in Sydney.” 
The major apartment project highlights were the settlement of the group's The Moreton project at Bondi which is now 68 percent settled.
Ebsworth at Green Square, Sydney is now 74 percent settled.
Its launch of new projects and continued sales momentum at existing projects, included Olivine, Melbourne where 100 percent of released lots pre-sold; Woodlea, Melbourne: 100 percent of released lots pre-sold; Pavilions, Sydney Olympic Park, Sydney: 67 percent of released lots pre-sold; and Marrick &amp; Co, Sydney: 69 percent of released lots pre-sold.
Mirvac Group recently announce the appointment of Stuart Penklis as head of residential.
Since joining Mirvac in 2002, Stuart has played a lead role in securing and delivering a diverse set of the Group’s large-scale residential and industrial development projects, such as Harold Park, The Moreton, Hoxton Distribution Park and Calibre in Sydney.
Stuart brings more than 20 years of experience in the property industry, including a number of senior roles in his 15 years with Mirvac, across investment and development in multiple sectors.
Most recently, he led the industrial business as group executive, industrial.
Stuart will commence his role as head of residential on 1 May 2017. 
Mirvac posted a 7 percent rise in profit for its first half ended December 31, capitalising on a record $3.1 billion of residential pre-sales, with CEO Susan Lloyd-Hurwitz going to bat for a taskforce to tackle housing affordability.
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Mixed conditions nationally but Mirvac says apartment default rate below 2 percent

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Mirvac’s headquarters at EY Centre, 200 George Street, Sydney has just received a GOLD certification from the International WELL Building Institute (IWBI), for the building’s features that takes into account the well-being of its occupants. 
The WELL Building Standard measures, certifying, and monitors the performance of a building’s features that focuses primarily on the health and well-being of occupants.
Mirvac’s headquarters has also achieved a 6 Star Green Star Interior rating, further contributing to the sustainable credentials of the building, according to a media release.
Mirvac’s CEO and managing director, Susan Lloyd-Hurwitz, said, "We are extremely proud to have achieved the first GOLD WELL Certification in Australia for our headquarters.
“We aspire to set the benchmark for innovative, healthy workplaces in Australia.”
Rick Fedrizzi, Chairman and CEO of IWBI, presented Mirvac with the certification recently.
“I could not be prouder to be in Australia this week and have the opportunity to personally present a WELL Gold plaque to Mirvac for its 200 George Street Project. 
“Mirvac has given architectural form to the health and well-being focus of WELL… putting humans at the centre of its design decisions, the Mirvac team has underscored how building science and bio science can work seamlessly together to deliver a higher level of health and well-being."
The certification is secured by achieving credits across seven categories including air, water, nourishment, light, fitness, comfort and mind. 
Some of the features to achieve these credits within Mirvac’s workplace at 200 George Street include:
<ul>
<li>Fitness</li>
</ul>
A health and wellness educational seminar series is held in Mirvac’s headquarters in which health professionals educate staff on health and wellbeing;
Pilates classes are held in the office once a week; and
A wellness library with a range of health and wellbeing literature is hosted online for all employees.
<ul>
<li>Air</li>
</ul>
SAMBA sensors throughout the tenancy monitor air quality and create the optimal indoor air quality for employees; and
Air pollution removal, proper ventilation and air filtration are all important aspects Mirvac is implementing to maintain air quality.
<ul>
<li>Water</li>
</ul>
Safe and clean drinking water is provided through proper filtration methods. It is also accessible 30 meters from regularly occupied spaces to encourage hydration.
<ul>
<li>Nourishment</li>
</ul>
Mirvac’s internal café, The Song Kitchen, provides “healthy food” options 
<ul>
<li>Light</li>
</ul>
75 percent of workstations are located within 7.5 meters of a window, increasing access to natural light to provide physiological benefits; and
Lights are also programmed for varying brightness and darkness at appropriate points throughout the day to maintain optimal circadian rhythms.
<ul>
<li>Mind</li>
</ul>
In response to a physiological need to be around nature, Mirvac has developed a Biophilia plan that incorporates nature’s patterns throughout the tenancy design; and
Around 1,171 plants are in the tenancy, which is more than one plant per person.
Over the past few years, Mirvac conducted a series of internal Indoor Environmental Quality (“IEQ”) surveys utilising the Building Occupants Survey System Australia (“BOSSA”) methodology. 
BOSSA is a web-based survey tool designed to assess how satisfied building occupants are with the quality of their indoor environment.
The surveys were performed at Mirvac’s former tenancy at 60 Margaret Street, Sydney and then the new headquarters at 200 George Street, Sydney.
The BOSSA measurements for overall performance, health and productivity improved by 35 per cent since the previous survey. 
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Mirvac's headquarters in Sydney receives WELL certification for healthy workplace

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Developer Mirvac posted a 7 percent rise in profit for its first half ended December 31, capitalising on a record $3.1 billion of residential pre-sales, while its CEO Susan Lloyd-Hurwitz used the occasion to bat for a taskforce to tackle housing affordability.  
Mirvac said statutory profit increased to $508 million from $473 million over the comparable period, while revenue was up 17 percent to $1,36 billion. 
The company announced a half-year distribution of 4.9 cents per stapled security to unit holders and said it would deliver a growth of 9 percent to 11 percent for the full financial year.
CEO and managing director Lloyd-Hurwitz said the company had “delivered a solid set of results in the first half of FY17.”
In its results presentation, Mirvac said it secured future income with a record $3.1 billion of residential pre-sales, while settling 977 residential lots and was on track to settle over 3,300 lots in FY17. The majority of settlements are expected in the second half of the financial year that ends June 30, 2017.
On defaults, Mirvac said the default rate was 2% till January 31, with average price $675,000 per lot, although more than 70% defaults were re-sold with “financial upside”.
She was cited by The Australian as saying that an inclusive taskforce was needed to make housing more affordable. 
“Crisis is a strong word, but when Sydney is the second-most unaffordable city in the world I think it’s probably a justified term,” Lloyd-Hurwitz told The Australian. “It’s something we need to address holistically.”
Sydney was recently ranked second behind Hong Kong in terms of affordability for home buyers, in a study by Demographia. 
Earlier this week, former RBA governor Glenn Stevens was taken on board by NSW Premier Gladys Berejiklian to advise the government on housing affordability.
“We don’t build enough housing for people to come to Australia. There are a whole host of issues around planning, tax — a whole host of issues that need to be thought through,” Lloyd-Hurwitz said. 
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Mirvac posts solid first half results, CEO bats for housing affordability taskforce

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Mirvac Group has been rocked by the departure of its long-time head of residential John Carfi.
The veteran will leave the group to become joint head of global property development at Dubai company Emaar Properties.
The move comes after the listed group unveiled a shift towards more urban regeneration projects in Sydney and Melbourne rather than highrise.
Mirvac holding a record $3 billion of presales and almost 90 per cent of its expected residential earnings secured for this financial year.
Carfi joined Mirvac in 2001.
“I have enjoyed my time at Mirvac and I am extremely pleased to have been able to lead one of Australia’s leading residential businesses for many years.
"The existing business is positioned extremely well to continue to deliver strong earnings and the substantial pipeline will ensure its future success.
"Whilst I am sad to be leaving Mirvac I am looking forward to the opportunity I have ahead of me.”
Mirvac’s chief investment officer, Brett Draffen, who will oversee the residential business in the interim as Mirvac looks to determine a permanent outcome.
Emaar Properties operates in the Middle East, North Africa and Asia.
The iconic Burj Khalifa and The Dubai Mall, the world’s largest shopping and entertainment destination, are among its trophies.
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Mirvac loses its longtime head of residential John Carfi

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The first stage of Mirvac’s Wharf Entrance precinct within Yarra's Edge is nearing completion, with the $200 million Forge residential tower topping out recently. With Forge's topping out ceremony held in recent days, the event also represents a construction milestone for Wharfs Entrance in that it marks the beginning of the end of Mirvac’s Yarra’s Edge precinct.

Construction within the then new precinct began in the early 2000's.

<blockquote>
The topping out of Forge is a significant milestone in this new landmark on Melbourne’s skyline. Forge anchors the Wharf’s Entrance at Yarra’s Edge precinct, providing a distinct new look and fostering a community of diverse residents who want to embrace waterside living.
<cite>John Carfi, Head of Residential, Mirvac</cite>
</blockquote>

The 30-storey tower comprises 228 apartments, of which there are 29 different apartment types. Mirvac's design team were tasked with "designing something different" to what has come before at Yarra's Edge.

Employing concrete, steel and glass, Forge has been designed to respond to its context which has strongly influenced its form. Its location at the threshold between city and bay has resulted in the tower having a dual personality which addresses two distinct conditions.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/30082010340_96719b62c9_b.jpg" rel="gallery-all" title="The 30-storey Forge nears completion at Wharfs Entrance. Photo: Sydney Struwig"><img alt="" class="image-article-full-width-580px" height="870" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/30082010340_96719b62c9_b.jpg?itok=9h2f5ZzN" title="The 30-storey Forge nears completion at Wharfs Entrance. Photo: Sydney Struwig" width="580"></a>

<figcaption>The 30-storey Forge nears completion at Wharfs Entrance. Photo: Sydney Struwig</figcaption></figure>The river side of Forge responds to its immediate context via its sweeping curved glazed form reflecting the movement of the Yarra river as it rises and ripples, announcing the precinct to drivers approaching from the Bolte Bridge, while also acting as the terminus to the Bourke Street axis. Forge's southern side brings a strong urban element that responds to the bayside context of Port Melbourne with strong horizontal white bands.

The building's distinct curve, combined with floor to ceiling glazing allows for a range of expansive views that encompass the water, bright lights of the CBD and Port Phillip Bay to the south.

The 100 metre tall building sits atop a 5-storey podium that also includes 302 parking spaces, 84 bike spaces and 229sqm of retail at ground level, which interfaces with the new Wharf's Landing park. With over 75 per cent of apartments sold, Forge is attracting a broad range of residents through a mix of apartments that appeal to different interests.

This has been achieved with Forge introducing a variety of new apartment options to Yarra’s Edge including five one and two-bedroom artist studios, 10 one-bedroom lofts, 56 one-bedroom apartments, two two-bedroom maisonettes, 111 two-bedroom apartments, five three-bedroom terraces and 39 three-bedroom apartments ranging up to 150sqm in size.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_0458.jpg" rel="gallery-all" title="Forge stands alone for the time being. Image: Mark Baljak"><img alt="" class="image-article-full-width-580px" height="411" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_0458.jpg?itok=2XUzlQ2L" title="Forge stands alone for the time being. Image: Mark Baljak" width="580"></a>

<figcaption>Forge stands alone for the time being. Image: Mark Baljak</figcaption></figure>With full completion slated for early to mid 2017, Mirvac will turn its attention to Stage 2 of Wharfs Entrance, with the $128 million Voyager as its centrepiece. The 43-storey tower will rise 138 metres making it the tallest of all the Yarra's Edge towers and will feature 315 apartments with a mix of 62 one-bedroom; 186 two-bedroom and 67 three-bedroom apartments ranging from $495,000 to $2 million.

A rooftop resident's garden retreat called 'The Societe' will crown the tower.

Construction is expected to commence in March-April 2017, and with over 50% of apartments accounted for, completion of Voyager is expected during late 2019.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/voyager.png" rel="gallery-all" title="Voyager marks the second stage of Wharf's entrance. Image courtesy of Mirvac"><img alt="" class="image-article-full-width-580px" height="370" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/voyager.png?itok=r1PwHGEQ" title="Voyager marks the second stage of Wharf's entrance. Image courtesy of Mirvac" width="580"></a>

<figcaption>Voyager marks the second stage of Wharf's entrance. Image courtesy of Mirvac</figcaption></figure>
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Laurence Dragomir

Mirvac's Forge tops out with Voyager on the horizon

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It's a great time if you happen to be in the market for an ultra-luxury abode withinin one of Melbourne's premier apartment projects. There's no shortage of choice, with some of the more recent releases to the market looking to set new benchmarks for size, price and overall luxury.

Hot on the heels of Mirvac unveiling The Grand Pavilion Penthouse within their Eastbourne development, Optimus Developments are preparing to release K1 Residences.

What makes the K1 Residences unique is that every dwelling within the project spans an entire floor; 13 levels and 13 apartments. Located off St Kilda Road, Optimus Developments have chosen to put the rare offering to market.

The project's smallest residence measures a spacious 175sqm, with every apartment afforded 360 degree views. K1 Residences' penthouse will also include a 135sqm terrace and rooftop lap pool.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image18_11.jpg" rel="gallery-all" title="K1 Residences. Images: DE atelier Architects"><img alt="" class="image-article-full-width-580px" height="404" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image18_11.jpg?itok=gye5IlXb" title="K1 Residences. Images: DE atelier Architects" width="580"></a>

<figcaption>K1 Residences. Images: DE atelier Architects</figcaption></figure><blockquote>
Fully delivered by Optimus Developments, we believe that K1 Residences will set a new benchmark for innovation and elegance in Melbourne. These are sophisticated and generous homes, with a sense of expansiveness that will embrace you upon arrival.

The apartments will feel like grand established mansions with private gardens.
<cite>Andrew Karpati, Chief Executive Officer, Optimus Developments</cite>
</blockquote>

While K1 Residences shapes as a project devoted entirely to penthouse-style dwellings, Mirvac's Grand Pavilion Penthouse shapes as the ultimate offering to the market. Set above the Eastbourne which will account for what is now the Dallas Brooks Centre, the Grand Pavilion Penthouse is a collaboration between Bates Smart and Mirvac Design.

The numbers for the Grand Pavilion Penthouse are impressive with 507 square metres of internal living space, supplemented by a 301 square metre terrace. Outdoor features include an 11 metre long transparent perspex sided pool and spa, and 50m frontage to the Fitzroy Gardens.

Set 11 levels above the street, Mirvac have now opened a tender process for the dwelling, with interested buyers having until mid-November to log their interest.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image21_10.jpg" rel="gallery-all" title="The Grand Pavilion. Image: Mirvac"><img alt="" class="image-article-full-width-580px" height="246" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image21_10.jpg?itok=D5E5DIaL" title="The Grand Pavilion. Image: Mirvac" width="580"></a>

<figcaption>The Grand Pavilion. Image: Mirvac</figcaption></figure>Split between two wings, the Grand Pavilion Penthouse's west wing holds the master bedroom, walk in robes, ensuite, study, retreat and gym which can adapt to become a 5th bedroom. With either wing split between a central living/dining area, the eastern wing is devoted to the three remaining bedrooms, each with its own en suite and an additional bathroom.

The Grand Pavilion Penthouse also comes with parking for six vehicles and a Living Collection experience which includes an all-inclusive butler service, Pet au Pair and art curator provided over the course of a year.
While Mirvac's Grand Pavilion Penthouse shapes as Melbourne's best, competition is likely to come by way of Crown Resorts/Schiavello's One Queensbridge project. According to <a href="http://www.theaustralian.com.au/business/property/knight-frank-to-market-one-queensbridge/news-story/5607dcec8e5f8731963edd4b9e3111a8">The Australian</a>, the tower set for the banks of the Yarra will become Melbourne's first super prime development.

With a six star hotel included, One Queensbridge's private residences are also set to attain a similar level of luxury.
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silvermb

Melbourne's new rash of penthouses continue to set the benchmark

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Diversified property giant Mirvac has secured nearly a 70 percent increase in their profits given booming real estate markets.
The total profit of $1.033 billion is a sharp increase from its $610 million last year.
The group's operating profit however only rose six percent to $482 million from $455 million.
The jump in profits is down to the revaluation of investment properties - and the ones under construction - which totals $497 million, considerably higher than the $141 million posted last year. 
The group's office and industrial assets contributed $796 million to the totter $1.033 billion profit.
The office portfolio was boosted by recycling assets with sales of $1.6 billion since 2014, showing a passing yield of 7.1 percent.
Each sector of the groups market reported large boosts.
<a href="/images/2016/08/16/Screen%20Shot%202016-08-16%20at%2010.59.32%20am.png" target="_blank">Mirvac's property portfolio</a>
<img src="/images/2016/08/16/Screen%20Shot%202016-08-16%20at%2010.59.32%20am.png" alt="" width="575" height="205">
The residential land division business more than doubled from the year before and profits from retail rose to $243 million.
Their Woodlea, Rockbank subdivision in Melbourne's north-west and its Googong project in NSW secured the largest volume of sales.
They negotiated 258 offshore buyers and secured residential presages for the year of $2.9 billion, up nearly $1 billion on the previous year.
New developments for the group included 200 George Street and 8 Chifley in Sydney, Treasury Building in Perth and 699 Bourke Street in Melbourne.
Mirvac declared a final dividend of 5.2 cents a share, taking the total for unit holders over the year to 9.9 cents, up five per cent on the previous year.
<a href="/images/2016/08/16/Screen%20Shot%202016-08-16%20at%2011.02.21%20am.png" target="_blank">Mirvac's diversification of sectors</a>
<img src="/images/2016/08/16/Screen%20Shot%202016-08-16%20at%2011.02.21%20am.png" alt="" width="581" height="223">
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Mirvac's profits increase 69 percent to see over $1 billion sales

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As reported by Apartments.com.au <a href="/news/on-the-bright-side-2-riverside-quay-southbank">early last year</a>, the City of Melbourne and Mirvac are working in partnership to renew Southbank's Riverside Quay area, with particular emphasis placed on Riverside Quay Place. Key elements of Mirvac's office development at 2 Riverside Quay are a new office complex built over the existing car park and a new urban space at the foot of the building.

The planning permit for this site required the development of a master plan outlining the improvements to the surrounding Mirvac-owned buildings which are Q1, Q2 and Q3 as seen below. 2 Riverside Quay (2RSQ) underlines the entire master plan, with two tower cranes currently at work for what will become the new offices of PricewaterhouseCoopers.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/2rsq_stage1.jpg" rel="gallery-all" title="Riverside Quay Masterplan study area - Stage 01. Image courtesy McGregor Coxall "><img alt="" class="image-article-full-width-580px" height="338" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/2rsq_stage1.jpg?itok=M8qSOlZo" title="Riverside Quay Masterplan study area - Stage 01. Image courtesy McGregor Coxall " width="580"></a>

<figcaption>Riverside Quay Masterplan study area - Stage 01. Image courtesy McGregor Coxall</figcaption></figure>Since April, the City of Melbourne have been undertaking community engagement in the Riverside Quay area in an attempt to ascertain who is using the area, how it is being used and what people would like to see. The feedback received during community engagement helped inform council in creating a vision for the Riverside Quay area, which has just been released for further community engagement.

The vision will then inform a master plan that will outline how the existing area could be renewed to meet the needs and values of the local community. Outlined in the vision is a place that:

<ul>
<li>Is welcoming, safe and flexible;</li>
	<li>Allows people to be proud of and invest their time in;</li>
	<li>Is quietly vibrant with different opportunities to engage and experience the place.</li>
</ul>
Key elements of the vision are described in the table extract below:

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/rsq_vision.jpg" rel="gallery-all" title="Riverside Quay Place Key Elements. Image courtesy McGregor Coxall "><img alt="" class="image-article-full-width-580px" height="250" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/rsq_vision.jpg?itok=6k9QwlJl" title="Riverside Quay Place Key Elements. Image courtesy McGregor Coxall " width="580"></a>

<figcaption>Riverside Quay Place Key Elements. Image courtesy McGregor Coxall</figcaption></figure>As part of the further refinement of Riverside Quay, Mirvac have submitted a planning amendment to their permit which would see the main entry lobby moved from the south to the east of the tower under construction in order to provide activation and a stronger interface with the new public space: pedestrian access is now provided directly from Riverside Square.

Alterations have also been made to the ground floor layout to accommodate the relocated main building lobby entry. Additionally the application also includes construction of two new canopies on the eastern façade that will project over Riverside Square.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/2rsq_gf_plan.jpg" rel="gallery-all" title="2 Riverside Quay amended ground floor plan. © Mirvac"><img alt="" class="image-article-full-width-580px" height="364" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/2rsq_gf_plan.jpg?itok=CyiaHIVp" title="2 Riverside Quay amended ground floor plan. © Mirvac" width="580"></a>

<figcaption>2 Riverside Quay amended ground floor plan. © Mirvac</figcaption></figure>The City of Melbourne have expressed their support of theses alterations to the development.

<blockquote>
The new lobby entry to the south eastern corner is considered a more appropriate location that will not unreasonably impact the future design of Riverside Square, which is currently undergoing Community Engagement and design process. The new lobby entry reduces travel distance to Riverside Quay, resulting in a more balanced location that engages both Riverside Square and Riverside Quay.

The reduced travel distance will also reduce the impact of any easement of other legal mechanism required to gain legal rights of access to the lobby across the park to Riverside Quay. Any encumbrances on Riverside Square are to be minimised and to this end it is considered that access to the retail/café tenancy should be relocated, so that it does not abut directly on the land.

It is considered that there is sufficient space in the north eastern corner of the site that will allow Riverside Square to remain unencumbered by the future tenancy.

<cite>City of Melbourne's Future (Planning) Committee Report</cite>
</blockquote>

It is anticipated Stage 1 of the masterplan will commence construction in Q3 2016. In the meantime, to stay up to date or get involved, visit the <a href="http://riversidequayplacerenewal.com/">Riverside Quay Place Renewal website</a>.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/2rsq_pwc.jpg" rel="gallery-all" title="2 Riverside Quay powering along. Image courtesy Ryan Seychell"><img alt="" class="image-article-full-width-580px" height="375" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/2rsq_pwc.jpg?itok=XP_hpNDT" title="2 Riverside Quay powering along. Image courtesy Ryan Seychell" width="580"></a>

<figcaption>2 Riverside Quay powering along. Image courtesy Ryan Seychell</figcaption></figure>
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The Riverside Quay Place Renewal project takes shape

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All 46 lots offered in the final release of Mirvac's Schofields master-planned development were sold out on the weekend.
More than 700 people registered interest in the blocks, which started at $399,900 for a 324-square-metre block.
Some were offered as house-and-land packages starting at $670,500 in the <a href="https://theavenue.mirvac.com/" target="_blank">393-lot development</a>.
Six new home designs were launched at <a href="https://theavenue.mirvac.com/about/overview/" target="_blank">The Avenue </a>in late June 2015.
Mirvac's head of residential, John Carfi, said The Avenue was set within the government's north-west growth sector which has benefited from investment in infrastructure including the Schofields train station, new schools and roads.
"The Avenue blends the peace of rural tranquility with the convenience and rich amenity of an established urban neighbourhood," the marketing suggested. 
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 Sellout in Schofields on The Avenue

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Urban.com.au was recently invited on a tour of Array, the seventh of Mirvac's Yarra’s Edge towers, which features dual multi-level East and West penthouses. The visit included a walkthrough of the $8 million 425m2 East Penthouse, comprising four bedrooms, four bathrooms, a butler’s kitchen, a private lift and a double height living and entertaining area which opens out onto a terrace offering impressive views of Melbourne’s skyline.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_2691.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_2691.jpg?itok=W_B8hw_d" width="580"></a>

<figcaption>How's the view?</figcaption></figure>The East Penthouse includes over $400,000 worth of high end imported furnishings, bespoke artworks, as well as hand-sketched wallpaper, cushions and bed linen by renowned fashion illustrator Megan Hess, who is best known for sketching the Sex and the City book covers.

<blockquote>
We have had customers purchase multiple apartments to create their own apartments, with expansive spaces and extra bedrooms. We’ve even had some customers buy an entire floor to turn into a city abode for their family.

Array offers a new level of quality, finish and customisation that is further enhanced by our partnership with Megan Hess. The special touch Megan has put on this landmark property is sure to turn the heads of buyers who want a trophy home.
<cite>John Carfi, Mirvac Group Executive Residential</cite>
</blockquote>

Having worked for some of the world’s premier brands and designers, including Chanel, Dior and Vanity Fair, Hess’ design style has been implemented to transform the East Penthouse into an exclusive luxury home. With a brief to create an elegant, contemporary and chic penthouse with international appeal, Hess has curated the East Penthouse’s interior furnishings, sourcing bespoke items from around the globe and even creating her own pieces when necessary.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_2696.jpg" rel="gallery-all" title="Array East Penthouse Interior"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_2696.jpg?itok=KGa7HZUR" title="Array East Penthouse Interior" width="580"></a>

<figcaption>Array East Penthouse Interior</figcaption></figure>Adorning the expansive spaces are ottomans and accessories by Versace, couches by Fendi, and a Roberto Cavalli leather, snakeskin look coffee table. Hess has even specially designed a marble dining table with a gold leaf base for the penthouse, her first foray into furniture design. Jonathan Adler and Coco Republic pieces complement the high fashion furnishings, creating a warm and lavish space.

<blockquote>
I am incredibly proud of the result and thankful to be given such a blank canvas by Mirvac and the trust and free rein to create a high fashion home overlooking the Melbourne CBD.
<cite>Megan Hess</cite>
</blockquote>

The complete interior package is valued at over $400,000, giving the East Penthouse’s lucky purchaser the opportunity to move into the world’s first Megan Hess interior designed penthouse, should they choose to purchase the furniture with the penthouse.

According to John Carfi the remainder of the building was finished to a standard that would rival many penthouses in the city, with the Hess touch raising the bar for the entire project.

The 39-storey tower has been designed by the Mirvac team, headed up by Mirvac’s Design Director Julian Venning, to capture the movement of the surrounding river. A rooftop sculpture crowns the building, creating a strong architectural statement when peering down the Flinders Street axis of the city as it pairs up with Tower V, forming the King and Queen of Yarra's Edge.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_2676.jpg" rel="gallery-all" title="Array amongst other Yarra's Edge towers"><img alt="" class="image-article-full-width-580px" height="870" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_2676.jpg?itok=62ghMoQL" title="Array amongst other Yarra's Edge towers" width="580"></a>

<figcaption>Array amongst other Yarra's Edge towers</figcaption></figure>Leading past the adjacent marina that fronts the building and a 250m2 retail space, residents and guests enter through a lavish lobby featuring a striking backlit onyx wall and twinkling overhead star lights.

Combining luxury and efficiency residents can be mindfully aware of their carbon footprint with interactive screens on the ground floor providing updates on the building’s energy consumption throughout the day and night, while green switches allow residents to turn all of their appliances off at once as they leave their home.

<blockquote>
Our customers have told us they care about these efficiency features as much as design. There is a real desire in the market to be able to live mindfully and be aware of one’s impact on the globe.
<cite>Julian Venning, Mirvac Design Director</cite>
</blockquote>

Rounding off the amenities are an onsite gym and lounge area, complemented by fully serviced marina berths with individually metered power, water facilities and the convenience of a full-time on-site marine manager and 24 hour security.

More than 90 per cent of the $219 million development has been sold, with the first residents moving in during April.

Please enjoy the photo slideshow below taken on a sunny Melbourne winter's day.
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