Edgewater has won the Best Urban Renewal Development award from the Urban Development Institute of Australia for its contribution to the booming property market in Melbourne’s inner west.
The community’s appeal has already attracted more than 2,000 residents, with 3,400 residents in 1,450 dwellings expected on completion.
This iconic inner west community has been shaped by an increased demand for inner city living without the hustle and bustle, said Edgewater Project Director, Jill Lim.
“Edgewater is located just 7 kilometres from the Melbourne CBD, but with 45 hectares of open space, a 7 hectare lake and 1.5 kilometres of river frontage, it often feels like a world away,” she said.
Delfin Lend Lease’s Edgewater community was recognised with the prestigious UDIA Urban Renewal award at the December 3 ceremony for its significant site remediation works, community development and urban design.
While residential development is a key focus for the community, retail offerings have not been forgotten. Edgewater also has its own 3.8 hectare mixed-use precinct including office and retail spaces, as well as The Lakehouse restaurant and apartment development currently under construction.
Ms Lim said that development of Edgewater was in its final stages with ‘The Outlook’, the Delfin designed 120-home townhouse development, under construction.
“More than $50 million worth of luxury townhouses have been sold off-the-plan at Edgewater’s Outlook development over the past 12 months indicating strong demand for city views and modern architecture,” she said.
The Outlook comprises a range of contemporary 160sqm to 340sqm townhouses currently priced between $620,000 to over $1 million. The Outlook is expected to sell out by mid 2011 with construction scheduled for completion in late 2012.
Delfin Lend Lease is Australia’s largest developer of masterplanned communities with 26 projects nationally.
For more information contact:
Frances Kinman or Ashleigh Stallard, BBS, 07 3221 6711 or 0434 519 812
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