This article is from the Australian Property Journal archive
MIRVAC has started construction on its $350 million masterplanned community, The Fabric in Altona North after achieving selling more than 85% of stage one.
The development will breathe new life into Hobsons Bay City Council’s 67-hectare Altona North Strategic Site, Precinct 15, transforming the former industrial site into a vibrant mixed-use neighbourhood.
Mirvac head of residential Stuart Penklis said: “The key to our success is that we listen to our customers, with our integration allowing us to chart a course that is responsive to market demand, while freely creating multi-faceted places to cater to our customers’ diverse and ever-changing needs and lifestyles.”
Due to purchasers’ overwhelmingly positive response to the 49 fully electric townhomes in The Fabric’s stage one, Mirvac has released 16 park fronting townhomes in stage two to market ahead of schedule.
In collaboration with sustainability experts HIP V. HYPE, the development has set an ambitious target to implement fully electric, net zero energy townhomes while achieving a minimum seven-star NatHERS energy rating for every townhome.
“Our collaboration with HIP V. HYPE to implement fully electric homes across the entire masterplan of The Fabric reinforces Mirvac’s This Changes Everything sustainability strategy, which makes sustainability a central part of our long-term focus to be net positive on energy and water by 2030.
“Mirvac understands that home efficiency is more important than ever to home-owners and we are passionate about our contribution through reimagining urban life sustainably. We have a long-term goal to improve our residents’ lifestyle, through reducing their energy bills and environmental impact,” he added.
