Lend Lease has decided not to play the same game everyone other developer is playing at Melbourne Docklands by offering Melburnians what they really want – homes!
After a slow start and a few hiccups along the way brought about mainly by rising construction costs, Lend Lease has finally come to terms with the $1.8 billion Victoria Harbour, one of the largest urban renewal projects ever contemplated in Australia.
No one would dispute Victoria Harbour is Melbourne Docklands jewel in the crown surrounded by a water frontage of 3.7km the 30 hectares of prime land offers Lend Lease the opportunity of creating a new millennium second city for Melbourne on the doorstep of its aging CBD.
The publicly listed developer went back to the drawing board a few months back after a luke warm reception to its ritzy Dock 5 residential apartment tower and has delivered the goods with its latest launch of Park Terrace.
Put simply, Park Terrace is an offering of 62 quality terrace homes on a park facing Melbourne’s CBD.
Park Terrace comprises large one, two, three and four bedroom homes with floor to ceiling glass leading onto relaxing entertaining patios. They come in one or two storey configuration and are priced from $395,000 up to $1.395 million.
Victoria Harbour project director David Moeller said Park Terrace offers the best of both worlds offering residents the ideals of home within a functional neighbourhood next to a park, beside the water and a short stroll to the City.
With its quality fittings and finishes Park Terrace will prove the most popular offering at Docklands since soil was first turned on the former industrial wasteland several years back.
As exclusively reported in propertyreview.com.au earlier this week Lend Lease will not start construction at Victoria Harbour until mid 2004 and will launch its Bayview apartments later this year.
But when you have two decades to develop something as special as Victoria Harbour why rush.
“We found that privacy, quality, space, diverse community and city convenience are the five core needs and aspirations of buyers looking to make Victoria Harbour their home,” Moeller concluded.
The launch of Park Terrace at Victoria Harbour this weekend brings a much needed change in product at this world class living environment.
