Construction is underway for a $350 million sustainable living mega-development in South West Melbourne, with over 85% of the first stage already sold out.
Developers Mirvac are behind the master-planned project named ‘The Fabric’ in Altona North, transforming what was once an industrial precinct into an eco-friendly community.
Mirvac Head of Residential, Stuart Penklis, said that the desire for a more sustainable future is at the heart of The Fabric, and buyers desire to purchase an environmentally friendly home was at the centre of decision making.
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.Mirvac Head of Residential – Stuart Penklis
“We have a long-term goal to improve our residents’ lifestyle, through reducing their energy bills and environmental impact,” said Mr Penklis.
Mirvac have teamed up with sustainability experts, HIP V. HYPE, to ensure they meet their ambitious target of implementing fully electric, net-zero energy townhouses as part of the 11.5-hectare project.
HIP V. HYPE’s Better Cities & Regions Lead, Gavin Ashley, said that the development, at 188-198 Blackshaws Road, supports a post-COVID lifestyle.
“The fundamental focus of The Fabric is on building a ‘future ready’ community,” he said.
“Improved sustainability performance is a key driver of the project, with an eye to the future prosperity of its residents and the community as a whole,” explained Mr Ashley.
Mirvac is creating more comfortable, healthier spaces with low operational costs at The Fabric, ensuring families can work and learn from home in comfortable temperatures that will not cause sky-high energy and water bills.HIP V. HYPE’s Better Cities & Regions Lead – Gavin Ashley
The Fabric will create 1,000 new jobs in its Stage One construction phase, with its first neighbourhood, The Boulevard, forecast to be complete by early 2022.
The entire development will be home 1,500 residents once fully complete, with an estimated overall completion date set for 2029.