Mirvac, a leading Australian property developer, has announced its latest prestigious apartment project, The Albertine, as part of its ongoing high-end developments across Melbourne. The project, located at 31 Queens Lane in the city-fringe St Kilda Road precinct, covers a sprawling 2,323 square meters and was acquired by Mirvac in mid-2022 with permit approval.
With an estimated budget of $200 million, The Albertine will comprise approximately 100 spacious one, two, three, and four-bedroom apartments spread over 15 storeys. Mirvac, renowned for its exceptional portfolio in Sydney and Melbourne, ensures a high level of amenity for residents, a characteristic that sets their projects apart. The official sales campaign for The Albertine is set to launch in September, generating significant anticipation among prospective buyers.
The Albertine marks Mirvac’s third apartment launch in Victoria within a span of six months, following the successful sales launch of Trielle at Yarra’s Edge and the recently announced permit approval of 699 Park Street in Brunswick. These endeavors reflect Mirvac’s continued confidence in the Victorian apartment market and their commitment to meeting the demand for high-quality residential properties.
Mirvac is also gearing up to unveil MEKKO, a collection of highly sustainable apartments, as part of The Fabric, their future-forward master-planned community in Altona North.
Elysa Anderson, Mirvac’s General Manager of Residential Victoria, expressed confidence in The Albertine’s ability to deliver the same level of excellence as their highly successful projects, The Melburnian on St Kilda Road and The Eastbourne in East Melbourne. Anderson emphasized the strong demand for well-designed and constructed apartments in Victoria, driven by low unemployment rates, wage growth, the return of overseas migration, and a scarcity of quality properties.
“We recognize Victoria’s historically low apartment pipeline and remain focused on accelerating our supply of apartments that are built for tomorrow,” stated Anderson. “The Mirvac difference, defined by the quality of our builds, design excellence, and diverse amenity, is increasingly valued by our purchasers in the current climate.”
Anderson highlighted the current trend of owner-occupiers seeking lifestyle-focused apartments in prime locations with high-quality amenities. Mirvac aims to capitalize on this unmet demand by providing exceptionally designed residential apartment buildings.
Distinguished by its boutique size, The Albertine is poised to become a new residential landmark in Melbourne, following the footsteps of Mirvac’s legacy apartment buildings in Victoria.
Mirvac’s award-winning design team has meticulously crafted the interiors of The Albertine, while Plus Architecture has created a striking facade featuring sweeping curves and organic forms. The resident facilities are spread across various levels, ensuring an array of amenities for the discerning residents. The Circadian Club will boast an indoor pool and spa, state-of-the-art gym, yoga and Pilates studio, and sauna. Meanwhile, the exclusive Elysian Room on level 10 will offer residents a private dining space with breathtaking views across Melbourne.
The Cumulus Residences, situated on levels 13 and 14, have been specifically designed to capture panoramic views of the city skyline, Albert Park Lake, and Port Phillip Bay through floor-to-ceiling windows.
Keeping in line with Mirvac’s commitment to sustainability, The Albertine has been meticulously designed to be future-ready. The building will be fully electric, featuring an average NatHERS energy efficiency rating of 7 stars. Additionally, the development will incorporate various environmentally sustainable design (ESD) features such as water-efficient fittings, fixtures, and appliances, communal electric vehicle charging stations, the ability for all parking spaces to upgrade to individual electric vehicle charging points, rainwater tanks, and curated landscapes with native planting species.
“In quintessential Mirvac style, The Albertine is designed to be a future-led and quality-focused building, with careful consideration given to sustainability, in line with our commitment to making a positive environmental impact,” added Anderson.
The Albertine is a significant addition to Mirvac’s $6.8 billion Victorian residential development pipeline, which includes future planned apartment projects at 699 Park Street, Princes Hill, The Fabric at Altona North, and Trielle at Yarra’s Edge. Mirvac has already achieved success with iconic apartment developments such as FORME, Folia, and Phoenix at Apartments of Tullamore in Doncaster, as well as Voyager at Yarra’s Edge and The Eastbourne’s luxury residences in East Melbourne.
Early construction works for The Albertine are expected to commence in late 2023, marking the beginning of another milestone in Mirvac’s pursuit of excellence in the Australian property market.
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