Devine Development Group is planning to build a 38-storey golden tower on a beachfront site in Surfers Paradise after picking up the site with previously approved plans.
The $340-million development includes 108 apartments with an average price point of $3 million for the site at 7-9 Northcliffe Terrace.
It will be Devine’s second Gold Coast tower, adding to its long-held plans for Alba Residences in north Burleigh.
Devine bought the 2251sq m Surfers Paradise site, with a 2017 development approval, for $45 million from Macroland Developments.
According to the extension application, the original developer had delayed the project due to the pandemic.
“The reason for the request is likely to be similar to that of other developers seeking such endorsement as a result of economic conditions and uncertainty in the marketplace regarding costs, supply, demand and forecast revenue,” the application stated.
The Gold Coast property sector defied the pandemic downturn and became one of the strongest markets in the country with apartment sales surging 97 per cent in the first quarter on 2021 and extremely tight vacancy rates.
The site, currently home to the Surfers Royale hotel, is 300m from Alceon and Sammut’s 35-storey Coast development for 49 apartments.
The new application for the tower, to be called Royale Gold Coast, was designed by DKO Architecture while Mim Design has been appointed for the interior design.
Devine chief executive David Devine said his team had been looking for an ultra-premium site for some time.
“The vision for Royale Gold Coast is a landmark building of high distinction, with premium residential apartments that will redefine luxury absolute beachfront living,” Devine said.
Total Property Group managing director Adrian Parsons said they were marketing the apartments to a new profile of buyers.
“There has been a big shift in the market with people now having the flexibility to work remotely, giving them the freedom to choose where they live,” Parsons said.
“The prestige apartment market in south-east Queensland, and in particular the Gold Coast, is buzzing with buyers from Sydney, Melbourne and Brisbane looking for lifestyle opportunities to either relocate or enjoy as a holiday home on the Gold Coast.”
The Royale Gold Coast would have two-, three- and four-bedroom apartments along with “sky homes” and penthouses.
A concierge, wellness centre, gym, treatment rooms, cinema, library, executive lounge, bar, whiskey locker, three pools and a commercial kitchen for caterers are also part of the plans.
Article Source: www.theurbandeveloper.com
Southport, Gold Coast apartment development site sells for $6 million
Sales activity for high-density-zoned development sites in Southport had been relatively subdued compared to the rest of the Gold Coast market
A Southport, Gold Coast development site – once planned for a 47-level tower – has sold at auction for $6 million.
It was bought by an undisclosed Gold Coast investor.
The 2430sq m site is at 114 Scarborough St, on the corner of Hicks St.
The receivers listing was sold by Colliers International who had five bidders compete.
It fetched above price expectations.
“Sales activity for high-density-zoned development sites in Southport has been relatively subdued this year compared to the rest of the Gold Coast market,” agent Steven King said.
“While sites in southern beachside markets continue to attract record prices, this sale demonstrates that Southport has begun its development site rebound,” he told the local paper.
The vacant site is within Southport’s designated Priority Development Area.
It was reported that a NSW-based company and Chinese investors had previously planned a 47-level apartment/hotel tower.
The DA approval was for a 47 level tower comprising of a 225 bed hotel and 264 (1, 2 and 3 bed) apartments
The site had cost $7.65 million, The Gold Coast Bulletin reported.
The site borders the Gold Coast City Council’s recently proposed “Towers Of Power” government and court precinct, a proposed $300 million development.
Article Source: www.urban.com.au
Mosaic Property Group lodge next Gold Coast apartment development after double Mermaid Beach sell-out
Mosaic Property boss Brook Monahan says the development will set a new benchmark of luxury living for an upmarket boutique building
The South East Queensland developer Mosaic Property Group are set for their next development on the Gold Coast.
It’s going to be their most boutique offering yet, with just nine whole floor apartments planned for the Burleigh Heads dress circle The Esplanade.
It will be located just up the road from their successful 47 apartment development Grace by Mosaic, which sold out in just a few months late last year.
The new apartments at 42 The Esplanade, dubbed The Heads in the submission to the Gold Coast City Council, will be designed by the architecture firm bureau^proberts and will replace the current brick apartment block built over five decades ago.
Mosaic Property boss Brook Monahan says the development will set a new benchmark of luxury living for an upmarket boutique building in Burleigh Heads.
“This is a genuinely world-class, one-of-a-kind address,” Monahan told Urban.
“We are pleased to have the opportunity to create another outstanding address in Burleigh Heads, following the success of our first Burleigh project, Grace by Mosaic, which sold out in a matter of months.
“Our primary goal with 42 The Esplanade is to make it the most desirable, exclusive, and in-demand place to live on the entire beachfront in Burleigh.
Monahan says the the design draws on the areas’ natural beauty.
“The composition boasts honest materiality and elegant form,” Monahan says. It is singular in its execution while remaining authentic within the local context.”
In the design statement, bureau^proberts say the architectural design has a strong focus on subtropical building form, with a lightweight and breathable façade, lush green landscaping that continues from the ground level up and around the building, and an organic floor plate that pays homage to the undulating Burleigh headland.
Mosaic are already fielding enquiry from their VIP, pre-launch access list.
The Heads will feature a ground level pool, dining and lounge area. The apartments start on the ground level, the first complete with a large 130 sqm terrace with outdoor kitchen and landscaping.
Each apartment above will have balconies over 35 sqm.
Mosaic double-down in areas where they’ve seen great success. They had the same idea in the exclusive Mermaid Beach area, further north on the Gold Coast
After seeing success at Bela, Mosaic bought a site a few doors down on Peerless Avenue and created Dawn, which secured 95 per cent of its sales within its first two weeks of its pre-release to their database.
9 storey built form;
• 9 x 3-bedroom dwelling units;
• Two (2) levels of basement car parking with 29 resident spaces and 3 visitor spaces;
• Ample on-site landscaping and deep planting areas sufficient to contain large shade trees and balance the built form elements;
• Generous communal open space on the ground level and large private balconies for each apartment oriented to the beach;
• Pedestrian access directly off The Esplanade frontage; • Vehicle access to First Avenue via the adjoining development site, 4 First Avenue;
• Highly articulated building envelope with large boundary setbacks and separation to maintain residential amenity and privacy;
• Subtropical architectural design focused on enhancing the character of Burleigh Heads
The site at 42 The Esplanade gives new opportunity to acknowledge Burleigh’s beachfront appeal. The tower’s form is sensitive to its site and neighbourhood by responding to the existing Norfolk Pine trees, key aspect views and privacy requirements from its neighbours. The 9, single floor, vertically stacked coastal homes achieve stunning beachfront and headland views by opening the living areas out to the east, with the master bedroom placed prominently to give the residents an unrivalled northern aspect. The glazed envelope is protected down each side with horizontal batten screens which rhythmically move in and out as they rise up the building.
The slab edges move and fold around the building, reaching out to connect its inhabitants with the Esplanades’ parkland, then cutting in to open up views and angle breezes through the interior spaces. The movement of the floor plate is an homage to the undulating outcrops of the nearby headland.
Landscape is employed at the ground level to interact with the street and give space to the existing Norfolk Pine which has been previous been constrained on all edges. This allowance of space is replicated up the building with the southeast corners being cut back to give the tree its breathing space. Vegetation is continued up and around the building, creeping through the screens and with time, will drape and soften the building edges and contribute to the visual and micro-climatic coolth around the tower. As response to the beachfront climate, large outdoor living areas reduce the reliance on indoor conditioning. Breezes are mapped such that openings across and through the plan allow for effective cross ventilation of the interior
Article Source: www.urban.com.au
Rare Gold Coast Development Site on Offer
A masterplan development opportunity on the Gold Coast has become available through a joint marketing campaign with Colliers and CBRE.
The Seaview Avenue, Mermaid Beach property represents a 1.13ha development opportunity.
Colliers residential director Brendan Hogan said the site was “an unmatched opportunity to create a staged, mixed-use lifestyle precinct—with concept plans for 735 apartments across four towers”.
“Sites of this scale with wide-ranging potential are increasingly rare and we expect it will be highly sought after by residential and commercial developers alike,” he said.
With the serious lack of high-quality development opportunities south of Broadbeach, Seaview Avenue represented a fantastic opportunity for a developer to lock in their forward pipeline in one of the Gold Coasts most desirable suburbs, the agents said.
“This property represents a fantastic opportunity for a developer to deliver a staged lifestyle precinct commensurate with James Street and Gasworks in Brisbane supported by heightened demand from people to live, eat work and play within their own neighbourhood,” CBRE Gold Coast managing director Mark Witheriff said.
“The block sits prominently at the entrance to the Pacific Fair Shopping Centre, features three street frontages and provides flexible planning provisions.
“The scarcity of the land available in Mermaid Beach presents developers with a remarkable opportunity to create a destination precinct in one of the Gold Coast’s premium suburbs.
“The property is within a 1km radius of the five major lifestyle and transport facilities in Broadbeach—The Star Casino, Pacific Fair Shopping Centre, The Oasis Shopping Centre, Gold Coast Convention Centre, and Broadbeach South G-Link Station.”
Colliers and CBRE will market the site via expressions of interest campaign that closes on September 1, 2021.
Article Source: www.theurbandeveloper.com
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