Two 22-storey towers have been approved in Burleigh Heads at the southern end of the Gold Coast, backed by developer Nielson Properties.
The beachfront towers, located at 48-58 The Esplanade and First Ave, had been supported by a majority of councillors in a council planning committee held last Thursday, in a nod that will see the first five-star hotel in the area.
The final determination on the Burleigh Heads project was made on Tuesday when full council came to vote.
The $350 million development project, in conjunction with Pointcorp’s Chris Vitale, comprises a 132-room luxury hotel and 77 residential apartments on the amalgamated 4039sq m Burleigh Heads site.
The Burleigh Heads site has been occupied by the 49-unit White Horse Holiday apartments, which Nielson Properties secured under a put-and-call deal for $22 million in 2018.
Plans for the existing unit block would see the complex demolished, making way for the two towers, standing 79.5 metres high, and 394 car parks over three-levels of basement car-parking.
Gold Coast locals who were against the project raised concern about the development’s height and density arguing that the towers would cause shadowing of recreational areas and the beach, while the Community Alliance said the development was inconsistent with council’s own Burleigh Heads Place Analysis study.
Nearby, Sydney-based Weiya Holdings has plans for a 14-storey building at the Old Burleigh Theatre Arcade at 64 Goodwin Terrace.
Weiya Holdings purchased the site for $18.5 million in August of 2019, with plans to keep the façade of the existing two-storey Burleigh theatre building.
Down the road, Brisbane-based developer Spyre Group was approved for its 18-storey apartment tower located at 112 The Esplanade in Burleigh.
Spyre Group, led by Andrew Malouf, secured the $16 million site from the eight owners of the existing 12-year old apartment building originally developed by Mimi Macpherson, sister of supermodel Elle, in 2003.
Nielson Properties is also behind a 50,000sq m office project at 205 North Quay in Brisbane CBD with Cbus Property.
This article is republished from theurbandeveloper.com under a Creative Commons license. Read the original article.
Hirsch & Faigen launch Hemingway, Palm Beach apartments
Prices will range from $450,000 to $2 million in the Palm Beach residential project which will comprise 78 apartments over 14 levels.
The Melbourne-based national developer Hirsch & Faigen have officially launched Hemingway, their first apartment development on the Gold Coast.
Prices will range from $450,000 to $2 million in the Palm Beach residential project which will comprise 78 apartments over 14 levels. The penthouse is priced at $4 million.
Rothelowman has designed the tower which has been described as a multi-storey reimagining of the area’s humble holiday shacks from the late 1950s and 1960s.
Named after the famous author Ernest Hemingway, Hemingway is located at 1267-1273 Gold Coast Highway and will front the exclusive Jefferson Lane beachfront enclave.
Matt George, Hirsch & Faigen’s head of sales and marketing, said they were determined to push the bounds of architectural design to pay homage to the charming beach shacks while exuding contemporary design excellence.
“We went above and beyond to make it feel as though each apartment was its own full scale beach house, just mere metres away from the water’s edge while boasting those luxury finishes that makes the home feel like an indulgent retreat,” George said.
Residents of Hemingway will have access to a range of lifestyle amenities including its own ground-level café and communal open space with a swimming pool, pool lounge, barbeque area and outdoor cinema.
Prior to its launch, Hemingway had already garnered a substantial level of attention from local owner occupiers and downsizers pursuing the quintessential coastal dream with a luxurious upgrade.
The Rothelowman team reimagined the standard bulky apartment block into an innovative shape form that utilises curvature and cut outs to maximise and enhance views from every Hemingway apartment.
“Rothelowman are highly recognised across Australia for their innovative approach to creating landmark structures, and Hemingway was no different. They poured a lot of thought ninto how Hemingway could meld seamlessly into its Palm Beach surrounds while simultaneously enhancing and improving the area,” George said.
“It was important to us to take a design-led approach to encompass the phenomenal ocean views the Gold Coast is famous for, presented in what we like to think of as a beach house hoisted into the sky,”
The Hemingway project is the first development venture on the Gold Coast by Hirsch & Faigen, which has a number of property interests in Queensland and a national portfolio of projects completed over the past decade with a value of more than $1 billion.
Article Source: www.urban.com.au
Vistas St Lucia apartments popular with first home buyers as construction finishes
The development has been a hit with first home buyers so far, who have been taking advantage of the one-bedroom apartments
The construction of Barber Property Group has finished the construction of Vistas St Lucia, its newest apartment development in the leafy Brisbane suburb.
And the development of 32 apartments has been a hit with first home buyers so far, who have been taking advantage of Vistas one-bedroom apartments, the first one-bedroom apartments built in the suburb for five years.
The rest of the apartment sales so far has been to investors who are looking to leverage the prominent student rental market given Vistas proximity to the University of Queensland.
Barber have a solid case study in the area, having completed Eton, a boutique development of just nine apartments, nearby. Investors are now seeing seven per cent rental yields.
“The numbers stack up very well for investors looking to capitalise on St Lucia’s unique market, as it benefits from a range of buyer types at different stages of their lives,” Barber Property Group boss Paul Barber says.
“Although the student market has sat dormant for the last 12-months, with the current roll out of the COVID-19 vaccine, interest is picking up, so we anticipate a rush of international students at the end of the year, ahead of the first semester in 2022.
“Still, with many international students out of the equation, demand in St Lucia’s has remained high with recent occupancy rates as low as 1.7 per cent.”
Raymond Barber Architects, in collaboration with CG Design Studio, designed the apartments with earthy colour palettes and natural timbers that integrate with the St Lucia aspect.
There are nine one-bedroom apartments, 14 two-bedroom apartments and nine three-bedroom apartments, as well as communal facilities including a large open-air terrace and BBQ area with city views.
Barber said the company anticipates strong demand for Vistas St Lucia, as the area’s lifestyle factors play a big drawcard, with the proximity to the city and river, abundance of cafes and restaurants, and quintessential ‘Queensland feel’ high on buyers’ wish lists.
“Prior to completion, approx. 40 per cent of the luxury apartments had sold, really reiterating the market’s desire for new inner-city stock,” Barber said.
“We’re noticing a resurgence in demand for one-bedroom apartments, with a mix of downsizers and young professionals wanting to get into the inner-city suburbs, as well as demand continuing for larger two and three-bedroom properties.
Article Source: www.urban.com.au
Amenities watch: What’s on offer at Chevron One?
Chevron One offers residents holiday-style living year-round, with 2000 sqm of resort-style amenities
Bensons Property Group’s Chevron One offers residents holiday-style living year-round, with close to 2000 sqm of resort-style amenities.
Designed by Marchese Partners, the project includes a Club One residents’ lounge, floating cinema, dining facilities and sculpted gardens.
As Chevron Island’s first luxury tower, the development has a 24-hour concierge service and 360-degree uninterrupted views that will never be built out.
The on-site luxury amenities also include a private dining facilities, a library, multiple swimming pools, a sculpture garden and more.
Situated on Stanhill Drive, Chevron One is within walking distance to Thomas Drive cafes and retail shops, Home Of The Arts precinct, and the beach.
Chevron One Residences offer a fully furnished, fully managed and hassle-free ‘turnkey’ lifestyle investment.
Interstate investors in particular will be keen on the 14 day free days of holiday accommodation per year for their apartment.
Developer Bensons Property Group are offering a range of incentives for investors in the 41 level tower designed in collaboration with Marchese Partners and Byrns Lardner Landscape Architecture.
The entry price to Chevron One is as low as $480,000 for a one bedroom, one bathroom apartment. A two bedroom, two bathroom apartment with parking is priced from $705,000.
Estimated completion of Chevron One is late 2023. To secure your new home in the sought after development, request a call from a Chevron One sales agent via Urban.
Article Source: www.urban.com.au
- Property Management6 years ago
7 Common GST Mistakes On Property
- Residential5 years ago
Ipswich Proves Frontier In Affordable Housing
- Infrastructure3 years ago
Decision on horizon for key marina section of huge North Harbour development at Burpengary
- Market Place3 years ago
How to make $1 million ‘flipping’ houses
- Market Place3 years ago
Moreton Bay makes top 10 list of places to invest in property
- Developments3 years ago
Brisbane and interstate investors drawn to up-and-coming King Street precinct
- Infrastructure2 years ago
Watch: Route of Gold Coast’s new ‘M2’ motorway revealed [video]
- Market Place4 years ago
The fastest growing suburbs on the Gold Coast aren’t what you’d expect