The Fabric in Altona North will be a sustainable, electricity-only project.
Slashed energy bills — and the promise of help convincing the kids to eat their vegetables — are driving demand at a project transforming an 11.5ha pocket of Altona North.
Mirvac is overhauling a former industrial and manufacturing hub now known as The Fabric.
The firm’s first fully electric project won’t have gas connections, and will offer energy-efficient townhouses to cut up to $2400 from typical yearly bills.
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The 50-home first stage is now 85 per cent sold. And Mirvac has fast-tracked its second tranche of townhouses — a series of 16 that will face the development’s 4000sq m Patchwork Park.
Mirvac head of residential Stuart Penklis said immediate buyer demand followed its launch last weekend. This was in part due to architectural and landscaping design aimed at raising the bar for the gentrifying suburb, as well as COVID-19-inspired tweaks to homes.
The Fabric townhouses come with private green spaces families can use to grow vegetables.
Living spaces have been altered for flexibility, work-from-home features added, and rooftop decks are now included.
But Mr Penklis said the project’s core goal of extending the fabric of Altona North’s already vibrant and sustainably minded community was the main reason for the demand.
“The commitment to a fully electrical community has been well received thanks to the progressiveness of the buyers who want to do the right thing for sustainability,” he said.
In further food for thought, the developer created a kitchen garden at nearby Altona North Primary School to encourage families to add vegetables to their private gardens.
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The developer has added rooftop decks to its latest designs.
The homes have 2.7m-high ceilings, timber floors, stone benchtops, Bosch appliances and indoor-outdoor living.
Part of a wider 67ha infill site rezoned in 2018, the 1500-home community that will form The Fabric is expected to be built within the decade, and the first homes finished by 2022.
Two-bedroom townhouses cost $695,000-$720,000, three-bedroom offerings $830,000-$1.095m and four-bedroom homes $990,000-$1.21m.
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