Construction of Mirvac’s $200 million Forge residential tower at the Wharf’s Entrance precinct in Melbourne’s Yarra’s Edge riverside community has commenced, as sales of the first stage continue to exceed expectations.
The 30-level Forge tower at 160 Lorimer Street, Docklands, features 228 apartments, as well as 11 riverfront Wharfside Residences and seven Cargo Homes.
To be completed by 2017, the first stage of Wharf’s Entrance will start rising out of the ground over the coming months.
Demolition of a former wharf on the site has been completed, while construction of a new wharf and ground preparations and piling for the sculptural Forge apartment tower is underway.
Mirvac Group Executive Residential John Carfi said the commencement of construction was a significant milestone for the Wharf's Entrance project, which had generated strong buyer interest.
“Buyers are recognising not only the lifestyle benefits of being by the water and just a short walk from the city, but also the investment potential of this area,” he said.
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Wharf’s Entrance will also include a Wharf Club, a health and wellbeing facility; a cafe; and park.
Standing approximately 100-metres high, the Forge tower will feature 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.
The 11 Wharfside Residences will feature four bedrooms across four expansive levels that overlook the water, personal lifts and outdoor living areas. They will range from 358sqm to 504sqm.
A further seven Cargo Homes, of which only one remains for sale, will provide residents with unique home offices split across three levels with three to four bedrooms.