A $240 million luxury lakefront apartment development in Mermaid Waters has received planning approval, allowing developers Sunland Group to commence the build.
Early woks have already commenced, with two tower cranes already on site to construct the four apartment buildings.
The Lanes Residences is Sunland's first apartment development within its 42-ha master planned community at The Lakes.
It is part of the groups $1.3 billion master planned community, with The Lanes to complement a retail village on the waterfront promenade.
The Lanes will be comprised of four boutique lakefront apartment buildings, each containing between 70 and 80 apartments, with a selection of one, two and three-bedroom apartments and penthouses.
An artist's impression of the interior of The Lanes Apartments (provided)
Sunland managing director Sahba Abedian says The Lanes will be launched to the market in early 2020.
"The Lanes Residences combines leading architecture with retail, lifestyle and leisure amenities of an unprecedented scale," says Abedian.
"The buildings will link to the future retail village at The Lanes and feature their own ground-level retail and commercial spaces, as well as extensive resident amenities."
The apartments will be launched alongside a retail village, incorporating cafes and restaurants, a fresh food market hall, wellbeing services, leading early learning centre, office space, and a lakeside green for community events.
Resident amenities in The Lanes include a pool, outdoor terrace and barbecue areas, lounge, sauna, and gym.
As at 30 June 2019, Sunland Group's development portfolio comprised 4,292 residential homes, urban land lots, multi-storey, and retail assets with a total value of $3 billion.
Business News Australia
Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support