Waterline Place sees another apartment building make its mark
The latest apartment building within Williamstown's Waterline Place development has reached structural completion.
Gem is a 10 storey Elenebrg Fraser-designed complex which has been entrusted to head contractor Buildcorp Commercial. Architect, builder and developer AV Jennings' personnel marked the occasion earlier this week with a ceremonial ribbon cutting.
The undulating building form now fronts Kanowna Street and enjoys unfettered view of Port Phillip Bay and Melbourne's CBD.
AV Jennings' Victorian General Manager Angus Johnson noted Waterline Place's overall importance to both the developer and wider Williamstown community. Heavily vested in house and land projects, Waterline Place marks the developer's first foray into the Melbourne apartment market.
Yesterday we shared an intimate celebration complete with future residents and the various consultant teams who have been instrumental in bringing Gem to life, serving to demonstrate the project’s ongoing commitment to creating a close-knit community.
Gem topping out is a proud moment for AVJennings as it represents a significant milestone in the delivery of beautifully-appointed, quality apartments to an area where supply is incredibly limited and demand is at an all-time high. Gem at Waterline Place has offered local downsizers the opportunity to stay in the suburb they know and love while not compromising on quality, so we are thrilled to be one step closer to welcoming these residents into their homes.
Momentum is really building across the masterplanned community now so the entire team is looking forward to continuing to nurture the Waterline Place community as it establishes.
To date 70 per cent of Gem's buyers are from Williamstown, with select purchasers choosing to amalgamate multiple apartments to create larger homes. As internal fitouts progress on Gem, AV Jennings will turn its eye toward the next stages of development which constitute Waterline Place's $450 million end value.
Overall the development is earmarked for 510 dwellings; a mix of 100 townhouses and 410 apartments. Gem and the completed Rosny apartment building amount to 175 of the total 410 apartments.
Elenberg Fraser has also designed an eight storey, 62 apartment building at 3-39 Nelson Place, although that building has yet to come to fruition as part of the overall development.
Waterline Place in its entirety has a nominal completion date of 2022.
