The Avenues at NewQuay – Melbourne’s multi-million dollar waterside housing precinct

Picture this: you’ve moved from the suburbs to Melbourne’s premier waterside living destination, NewQuay Docklands. Every morning you wake to the sounds of water lapping in your front yard marina, home to your personal yacht. You step out of bed and enjoy the unobstructed water, city or park views from your individually designed three storey town residence. Welcome to “The Avenues at NewQuay”.

This was MAB Corporation’s vision for NewQuay ten years ago. Guy Pahor, Chief Operating Officer said, “we believe The Avenues at NewQuay will rival any Sydney harbourside development offering Melburnians the promise of city living without compromising their desire for space, luxury and quality. The Avenues will be a tranquil low rise premium waterfront residential precinct on the edge of Melbourne’s CBD.”

The three storey town residences will be flanked by water and a major urban park, offering residents’ open city views across Victoria Harbour and front row seats in Melbourne’s newest urban park. The first stage of development will see nine exclusive water front residences released to the market. A further 20 homes will complete the development.

The starting price for the town residences on the waterfront will be upwards of $3.5 million and for the residences facing the park upwards of $2.5 million. The expected value of the first stage of development once completed will be around $60 million.

Each town residence will have a four car garage, cellar, home theatre, home office, elevators and three or four bedrooms as well as large entertaining terraces.

Behind the waterfront, will be Quay Park, Melbourne’s newest urban park – a large, sheltered, green oasis. The parkside residences will have front row north facing views across the park. Quay Park and the adjacent waterfront will be seamlessly integrated via a network of public paths and promenades.

“Quay Park will become a destination for both locals and visitors alike and be a home for vibrant public art works including dramatic outdoor sculptures, murals and water sculptures,” added Mr Pahor.

Two renowned Australian designers have been commissioned by MAB Corporation to design the town residences because of their experience in developing individual, premium homes. The award winning design team, BBP Architects and Plus Architecture, will collaborate on the project and work individually to design each town residence with its own distinctive design.

“The town residences will be placed on the market over the coming week and MAB has already been fielding calls from interested buyers enquiring about what we are confident will be Melbourne’s most exclusive waterfront homes,” said Mr Pahor.