Banksia Revealed

MAB Corporation proudly showed off its quirky Banksia tower on November 30.

Development director David Allt-Graham took a small group through the 18-storey, round tower in NewQuay in advance of the first residents moving in during December.

He said MAB was treating the boutique development as a demonstration of what was still to come in the precinct.

With only 108 apartments (and with 30 per cent being three-bedroom), Banksia is a departure from what Docklands has come to expect from MAB.

The tower sits at the front of the old Waterfront City Piazza, a move which was strenuously resisted by residents in 2011. A small park has been built at the back of the tower facing Docklands Drive.

Mr Allt-Graham said the tower was round primarily because of its capacity to mitigate negative wind effects. He said the design also allowed nearly every apartment water views.

Level 17 comprises two massive penthouses. Below that are four levels of “sky homes”. Other floors have seven apartments of various configurations.

Mr Allt-Graham said only one apartment remained unsold and that prices had ranged from $600,000 to $5 million.

He said square metre prices ranged from $9000 to $13,000 which he described as “not eye watering”.

“Banksia will help us do more in NewQuay by demonstrating such good value,” he said.

Originally published in The Docklands News