Sunland Group's Mermaid Waters apartments receive green light

Sunland Group's Mermaid Waters apartments receive green light

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.

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Netflix NT drama series Territory to debut in October

Netflix NT drama series Territory to debut in October

Netflix is set to launch its next blockbuster Australian drama seri...

American Express to pay $8m fine over inappropriate targeting of co-branded David Jones credit cards

American Express to pay $8m fine over inappropriate targeting of co-branded David Jones credit cards

American Express Australia (Amex) has been ordered to pay an $8 mil...

Results from Juukan Gorge show 47,000 years of Aboriginal heritage destroyed in mining blast

Results from Juukan Gorge show 47,000 years of Aboriginal heritage destroyed in mining blast

Aboriginal and Torres Strait Islander readers are advised this arti...

From Michael Hill to Adore Beauty, retailers rise on positive sales results

From Michael Hill to Adore Beauty, retailers rise on positive sales results

A handful of retailers including jeweller Michael Hill Internationa...