AVJennings

ASX-listed community developer AVJennings has reached a significant milestone at its <a href="https://www.urban.com.au/developments/williamstown-vic">Williamstown</a> community, Waterline Place.

They've topped out Merchant Apartments, their final apartment building in the 2.7-hectare masterplan. The seven-level building will be the last apartment building of its height in the City of Hobsons Bay.

Over 70 stakeholders including AVJennings CEO Phil Kearns and staff, principals from prominent architecture firm Elenberg Fraser who designed Merchant Apartments, town planners, and other key consultants and suppliers gathered atop the building to commemorate the achievement.&nbsp;

<a data-entity-type="file" data-entity-uuid="2b0f91d2-d673-4270-b076-b6392cfa328e" href="https://www.urban.com.au/new-apartments/merchant-apartments-corner-ann-street-and-waterline-place-williamstown"><img alt="Merchant" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-11%20at%208.50.21%20am.png?VersionId=MzsrBsgEl7w9K1hJG8Ihfxeb.tG8nulD" /></a>

"The completion of the building is a significant milestone for the flagship community as it is the last apartment building in the precinct and the last of its height in the City of Hobsons Bay,"&nbsp;AVJennings Chief Executive Officer Phil Kearns said.

"The Merchant apartment topping out is a proud moment for AVJennings and represents an important achievement in the delivery of the Waterline Place community.”

[smartcode_project:default project_id=112774 project_image_fid=197058]

The Elenberg Fraser-designed building was designed to represent the site's industrial past. It has 127 apartments, with prices starting from $550,000.

Earlier this year two adjoining penthouses were sold to the same buyer for a combined&nbsp;$4 million plus, <a href="https://www.urban.com.au/news/vic/avjennings-set-williamstown-apartment-record-at-merchant-apartments-waterline-place-community">setting the Williamstown apartment record</a>.

[smartcode_project:default project_id=112774 project_image_fid=197060]

The buyer intends on amalgamating the apartments to create a 309 sqm spread with&nbsp;dual aspect views of both Hobsons Bay and the city.

AVJennings kicked off development at Waterline Place seven years ago.&nbsp;When complete, the Waterline Place community will home over 520 residences with a mix of one, two and three-bedroom apartments and executive style three-bedroom townhomes – all conveniently located close to cafes, local shopping, reserves, the beach and 12km from the Melbourne CBD.&nbsp;

[smartcode_project_cta:default project_id=112774]

The seven-level building will be the last apartment building of its height in the City of Hobsons Bay

Joel Robinson

AVJennings top out Merchant Apartments, Williamstown apartment development

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The home builder AVJennings, spurred by the Homebuilder grant, has seen a 47 per cent year on year jump in house sales.

The details were revealed when AVJennings reported its results for the six months to December 31.

It has 12,700 lots in its portfolio.

2021 will see the commencement of three new projects, Prosper at Kogarah in Sydney; Rosella Rise at Warnervale on the NSW Central Coast; and Aspect at Mernda in Melbourne’s strong northern corridor.

All are due to commence on-site development. Last year saw its Bethania project in Queensland recommence with construction after a three year hold.

<img alt="" height="816" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/av_jennings_results.jpg" width="1200">

Its managing director Peter Summers forecast an even better second half for the company given new-home buyers remain active. It had 408 pre-sales carried over at 31 December 2020.

It has 331 contracts signed at 31 December 2020 with a pre-sale value of $121 million expected to settle before 30th June 2021. Around 118 additional contracts were signed in 2021 to 23 February 2021. It typically sells to owner occupiers, with some 46 percent being first home buyers during the first year of the financial year.

During the last financial year FHBs sat at 35 percent of their buyers. Over the period investors fell from 11 percent to 9 percent, while builder/developers fell away to constitute 14 percent of the market rather than its prior 21 percent take up.

HomeBuilder and other government support/stimulus had been "vital" in encouraging existing underlying demand to continue with their buying intentions, the report noted. It also noted the resumption and level of immigration into Australia, and New Zealand, will be important drivers of activity for the sector.
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AVJennings is cautiously optimistic that the recovery will consolidate through 2021

jchancellor

Home builder AV Jennings sees big jump in house sales

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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 <a href="https://www.urban.com.au/projects/gem-16-kanowna-street-williamstown">undulating building</a> 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.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image5_23.jpg" rel="gallery-all" title="AVJennings' Angus Johnson during the photo opportunity"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image5_23.jpg?itok=4WCwa_-N" title="AVJennings' Angus Johnson during the photo opportunity" width="580"></a>

<figcaption>AVJennings' Angus Johnson during the photo opportunity</figcaption></figure><blockquote>
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.
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image3_15.jpg" rel="gallery-all" title="Gem as designed by Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="248" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image3_15.jpg?itok=nSgCztUj" title="Gem as designed by Elenberg Fraser" width="580"></a>

<figcaption>Gem as designed by Elenberg Fraser</figcaption></figure>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.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image6_23.jpg" rel="gallery-all" title="Elenberg Fraser's initial Nelson Place design"><img alt="" class="image-article-full-width-580px" height="325" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image6_23.jpg?itok=5kz26XAv" title="Elenberg Fraser's initial Nelson Place design" width="580"></a>

<figcaption>Elenberg Fraser's initial Nelson Place design</figcaption></figure>
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silvermb

Waterline Place sees another apartment building make its mark

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One of Melbourne's larger infill developments is progressing somewhat under the radar in Williamstown.

Mere kilometres from the CBD, Waterline Place within the bayside suburb is gathering momentum as developer AV Jennings pushes through with the delivery of near on 600 townhouses and apartments in total. Holding a nominal value of $450 million, Waterline Place marked the traditionally greenfield developer's push into Melbourne's apartment market.

Having acquired the sprawling site which was formerly the Port Phillip Woollen Mill and historic Oriental Hotel. AV Jennings now has Waterline Place in full development mode.

First residents were onsite last month within Rosny. The SJB Architects-designed apartment building of some 71 apartments was completed by builder LU Simon at the turn of July, with an adjoining townhouse aspect all bar complete.

According to AV Jennings' recent ASX release, Rosny achieved total presales for the 71 apartments of $42 million, with "the mix of predominantly 1 bedroom plus study and 2 bedroom apartments sold for between $355,000 and $1,200,000."

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image21_14.jpg" rel="gallery-all" title="Rosny apartments at the point of completion"><img alt="" class="image-article-full-width-580px" height="247" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image21_14.jpg?itok=biAWZ_sf" title="Rosny apartments at the point of completion" width="580"></a>

<figcaption>Rosny apartments at the point of completion</figcaption></figure>With Rosny complete, AV Jennings will shift focus to <a href="https://www.urban.com.au/projects/gem-16-kanowna-street-williamstown">Gem apartments</a> at Waterline Place and further townhouses fronting Kanowna Street.

Gem shapes the precinct's largest development to date, incorporating 92 new apartments and penthouses. The work of design practice Elenberg Fraser, Gem spans 10 levels and includes 28 single, 36 dual and 28 three-bedroom apartments, with the largest spanning 132sqm.

The building garnered its name from the Gem paddle steamer that ferried people from Williamstown to Port Melbourne during the mid to late 1800's. 

In terms of construction, contractor Buildcorp Commercial has carried out early works for Gem.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image22_8.jpg" rel="gallery-all" title="Gem is the latest building at sales. Image: AV Jennings"><img alt="" class="image-article-full-width-580px" height="298" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image22_8.jpg?itok=OpGkpR9K" title="Gem is the latest building at sales. Image: AV Jennings" width="580"></a>

<figcaption>Gem is the latest building at sales. Image: AV Jennings</figcaption></figure>In line with their work upon Waterline Place's masterplan vision, Elenberg Fraser is also responsible for Lot 8 which shapes as the next apartment building in waiting within the precinct. 

Incorporated are 62 apartments within the building which carries a NSA of 5,081sqm. In the project's current configuration, apartments are split between 8 single, 41 dual and 13 triple bedroom apartments, and are supplemented by 83 car parking spaces and 62 bicycle spaces.

From a design perspective, Elenberg Fraser has referenced nautical shapes and strong horizontality above the podium to create an undulating outcome.

A communal rooftop terrace is included in order to take full advantage of the unimpeded views directly east over Port Phillip Bay.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image20_10.jpg" rel="gallery-all" title="Lot 8 is currently at planning. Planning image: Elenberg Fraser "><img alt="" class="image-article-full-width-580px" height="301" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image20_10.jpg?itok=LEmQUnet" title="Lot 8 is currently at planning. Planning image: Elenberg Fraser " width="580"></a>

<figcaption>Lot 8 is currently at planning. Planning image: Elenberg Fraser</figcaption></figure>Beyond Lot 8 above, 15 townhouses are also in the pipeline for Lot 4 which fronts Nelson Place. Adjoining the Titanic theatre at 1 Nelson Place, the townhouses span three levels and provide a lower interface to the immediate surrounds.

Furthermore, Hobsons Bay City Council has lots 5,6 and 7 at 3-39 Nelson Place as still at planning. Combined theses future buildings are slated for a further 200 dwellings.
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