Mirvac Breaks Ground on $400m Melbourne Skyscraper

Mirvac has broken ground on its $400-million Trielle residential tower in Melbourne’s Docklands, marking a significant expansion of the developer’s Victorian portfolio amid strong market demand for premium apartments.

The milestone comes as Mirvac chief of development Stuart Penklis announced the successful launch of its Harbourside Residences in Sydney.

The $2-billion Harbourside project, a 48-level development comprising 263 apartments, is part of Darling Harbour’s revitalisation, incorporating 10,000sq m of public open space and targeting net-positive carbon operations.

The first release of the luxury residences sold out on the weekend, prompting the fast-tracking of the second release to market.

“We pre-sold over $600 million on the first weekend of the Harbourside launch,” Penklis said at the Trielle groundbreaking ceremony, “which is incredible and exceeded all expectations.”

Penklis said more than 40 per cent of the new owners were repeat customers.

Rising on a site at 118 Lorimer Street Docklands, the 45-level Trielle skyscraper will become the tallest building in the Yarra’s Edge precinct, about 3km south-west of the CBD.

The development, 12m from the Yarra River on the Collins Street axis, will comprise 191 apartments of one, two, three and four bedrooms as well as sub-penthouses and penthouses.

Mirvac design director Michael Wiener said the “jewel-like” tower that was faceted like a gem would reflect light and “shine like a diamond”, and would be Mirvac’s most luxurious tower.

“The design hinges on the waterfront aspect of Trielle, its view of the city and its ... presence on the city’s skyline,” Wiener told The Urban Developer.

“There is no other site like it in Melbourne that brings together the city, the river and the sky in such a striking way.”

The all-electric building is aiming for a 5-Star Green Star rating and will feature electric car charging, a unified electric heat pump system for hot water, and facilities for collecting and repurposing rainwater and stormwater. Induction stovetops will be standard in apartments.

▲ The 45-level Trielle will become the tallest building in the Yarra’s Edge precinct.

Other features include The Salone piano lounge with self-playing piano, chef’s table, adjoining wine cellar, games room and cocktail bar, theatre, teppanyaki barbecue and golf simulator, and a new 130m section of waterfront promenade with public facilities.

Defined spaces have been curated to “focus, connect, revel and reset,” according to Mirvac, with amenities that include a library and work pods, a full-time concierge and Saletta Business Lounge; the Oasis Retreat featuring an urban rainforest gardens, Scandinavian-inspired wellness centre, 25m pool, magnesium pool, spa, sauna, cold-pailing and treatment rooms, and a biophilic gym, and yoga and Pilates room.

Mirvac general manager of residential Victoria Elysa Anderson said that more than 100 of the 191 apartments had sold, predominately to downsizers and empty nesters. The tower is scheduled for completion in 2027.

Yarra’s Edge is a premium residential and lifestyle precinct comprising a mix of luxury apartments, townhouses, and terrace homes within green spaces.

Spanning eight towers and 1724 homes, the precinct is home to more than 3000 residents.

Key landmarks include the Webb Bridge, inspired by Indigenous eel traps, and the Wharf Club, a state-of-the-art health and wellness facility.

Signature buildings Voyager, Forge, and Array were completed between 2003 and 2021.

The precinct also has a marina—the closest to Melbourne’s CBD—and offers recreational spaces including Point Park and Harmony Garden.

The development is part of Mirvac’s broader Victorian strategy, which includes the recently completed LIV Aston build-to-rent project and the refurbished 380 St Kilda Road office building. The company is also progressing The Albertine and Prince and Parade apartment projects.

▲ A render of Trielle, which is due to complete in 2027.

Trielle will join Mirvac’s existing Victorian apartment portfolio that  includes Voyager at Yarra’s Edge, The Eastbourne at East Melbourne, and FORME at Tullamore, Doncaster.

Penklis said Mirvac had more than 900 apartments in progress in Melbourne across build-to-rent and build-to-sell projects.