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THE Paris end of the Melbourne CBD is set to see the construction of a new apartment skyscraper. The former Naval & Military Club at 27 Little Collins Street will be demolished and replaced with a 32-level tower, targeting two types of high-end buyers. Levels 15 to 25 of the new building will include 142 apartments priced from $385,000 for a one-bedroom, and $580,000 for two-bedroom apartments. Larger, luxury apartments will be developed between levels 26 and 30, where one bedroom flats start at $590,000 and two-bedroom apartments, from $1.087 million. A penthouse occupies the highest floors, while the lowest 14-levels will trade as a hotel, flanked by ground floor shops. [...] SYDNEY-based developer Mirvac will launch its sixth Docklands skyscraper, Yarra Point, in October. Mirvac will adopt a design strategy used at its Tower 5 complex nearby, and the Melburnian, in St Kilda Road, by targeting top-end buyers with a high quality product. This is reflected in the sale price, where one-bedroom flats are expected to be priced from $500,000. The distinctive $200 million tower, 31-level tower will include 201 apartments in one, two and three bedroom configurations. Yarra Point will include a rooftop garden, communal barbecue facilities and a gym atop a fifth level podium. 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. [...] |
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