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Gold Coast’s Serenity 4212 secures almost $30 million in sales

Gold Coast's Serenity 4212 secures almost $30 million in sales

Gold Coast waterfront land project, Serenity 4212, has reportedly amassed almost $30 million in sales amidst the COVID pandemic.

More than 40 per cent of the project’s first stage has been sold primarily to local buyers.

Thre complex was developed by Brisbane-based group Keylin and Kinstone.

Construction on the $650 million private, gated community commenced last month, and the project amassed more than 1200 inquiries prior to official launch and completion of site works.

“The sales rate has been absolutely astounding, particularly in light of the pandemic,” said Tony Ashwin, Director of Ashwin Property who is marketing the project.

Mr Ashwin said while there was some uncertainty about fielding enquiries during COVID-19, local buyers had been waiting a long time for the release of Serenity 4212.

“The developers did their research and knew of the limited waterfront availability in the area. At the same time local buyers have been looking for a chance to secure waterfront land, and Serenity offers them a final opportunity to do just this,” he said.

Serenity 4212 offers a wide range of housing lots, with reserve and waterview land from 500sqm to 1061sqm available and absolute waterfront land up to 1326 square metres on offer. Housing lots are available from between $489,000 and $1,290,000.

It will be designed by Form Landscape Architects and BDA Architecture.

The project is multi-staged and will also encompass retirement, retail and apartments in addition to townhouses, residential land and a marina.

Future stages of the project will include a mini-marina precinct and the Serenity Greens community which will offer 60 four-bedroom, two car space townhomes priced from $489,000 and averaging 200 square metres.

 

 

 

 

This article is republished from www.propertyobserver.com.au under a Creative Commons license. Read the original article.

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Developments

Bottega Property Group Wins Approval for Broadbeach Tower

Bottega Property Group Wins Approval for Broadbeach Tower (1)

Development plans for a high-end 17-storey residential building on Broadbeach’s Old Burleigh Road have been given the go-ahead by Gold Coast council.

Developer Bottega group received the green-light on the project, located at the 123 Old Burleigh Road, last week.

The project comprises 14 “vertical beach houses” across 17 floors, with the developer vying to attract buyers from the luxury segment of the market when the project launches in September.

Bottega is working with planning partner Urbis and builder Hutchies on the project, dubbed 123OBR, after securing the site for $3.25 million.

Bottega Group managing director Nick Malloch said construction is pegged to start early next year, but could begin earlier subject to a run of successful pre-sales.

Bottega Property Group Wins Approval for Broadbeach Tower (2)

Malloch describes the Woods Bagot-designed project as a vertical stack of beach houses with a nautical reference.

“Our vision is to truly unlock creative freedom with our project partners through collaborative design,” he said.

Nearby, Gold Coast developer Andrews Projects has plans for an 18-storey apartment building, comprising 15 high-end dwellings, at 120 Old Burleigh Road.

In its most recent quarterly survey, Urbis said the Gold Coast apartment market had recorded 265 sales in the first quarter of 2020, this sits above the two-year quarterly average of 238 sales.

Construction activity under way at the Gold Coast includes work on Robert Badalotti’s mega $2.3 billion Imperial Square project—which comprises a series of skyscrapers including the 108-level tower set to be one of Australia’s tallest buildings— expected to start in Southport.

And Sunland Group, which recently offloaded a 46.4-hectare subdivision site at Pimpama for $29 million, is tracking with sales at its $250 million high-rise project at Mermaid Beach.

Located on a 1,821sq m waterfront site, Sunland’s Soheil Abedian said it has sold 90 per cent of its 98-apartment tower project at 272 Hedges Avenue.

 

 

 

 

This article is republished from theurbandeveloper.com under a Creative Commons license. Read the original article.

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Brisbane

Maple Wins Approval for Twin Towers on Coronation Drive

Maple Wins Approval for Twin Towers on Coronation Drive (1)

A twin-tower development overlooking the Brisbane River in the Quay Street precinct will kick off construction early next year after being given the green-light.

Maple Development Group is behind the $200 million Coronation Drive development, which will comprise 255 residential apartments, 168 five-star serviced apartments, commercial offices and retail across two 30 and 35-storey buildings.

A builder has not yet been appointed for the project, but Maple said it was in talks with “a number” of tier one contractors.

The developer had pursued an impact assessable application for the project challenging the local 20-storey height limit, after lodging its application last year.

Brisbane City Council resolved to approve Maple’s 35-storey proposal, which spans 57 Coronation Drive, 58-66 Quay Street, and part of 15 Exford Street in Brisbane City. The developer picked up the site for $16.75 million in 2015.

Maple Wins Approval for Twin Towers on Coronation Drive (2)

 

The project takes in the Davidson’s Residence, built in 1868, and is one of the last 19th-century residences in the Brisbane CBD, currently home to a backpackers hotel.

Rothelowman principal Jeff Brown said the 152-year-old heritage building is incorporated into the design, maintaining its original location.

“A lot of time was dedicated to planning, how we could maintain the heritage building, but celebrate its existence and give it a new function,” Brown said.

Maple, an arm of Beijing developer Peng Bo, launched its first Brisbane project in May 2018, with a 29-apartment block in Indooroopilly.

In recent years, Maple has purchased sites across Brisbane including two apartment projects in St Lucia and an apartment project in Woolloongabba.

The project team, led by Urbis, engaged Brisbane City Council through its Design Smart collaborative design process.

“As developers we are grateful for the opportunity to collaborate with council in this way,” Maple Development Group’s Gilbert Zhu said.

Forging ahead with its own plans in the post pandemic market, ASX-listed Dexus lodged an application for a $2.1 billion twin tower project at Eagle Street Pier on Brisbane’s riverfront.

State development minister Kate Jones said Waterfront Brisbane would “breathe new life” into a section of Brisbane’s riverside.

“As our economy begins the process of recovery from Covid-19 pandemic, it is so important to keep the momentum going with major projects that will deliver jobs,” she said.

If approved, Dexus plans to commence construction on the 9,000sq m riverfront Eagle Pier site in 2022 with the first stage to be delivered by 2026.

 

 

 

 

This article is republished from theurbandeveloper.com under a Creative Commons license. Read the original article.

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Developments

Sunland Nears Sell-Out at Hedges

Sunland Nears Sell-Out at Hedges (1)

ASX-listed residential developer Sunland Group has sold 90 per cent of its $250 million Hedges Avenue high-rise on the Gold Coast.

The 1,821sq m waterfront site, located at 272 Hedges Avenue, was originally snapped up by Sunland for $13.4 million in June 2017, with the developer breaking ground on the 98-apartment residential tower late 2018.

Sunland noted that at the onset of the lockdown measures in late March, it struggled with construction supply chains, with the majority of its products being sourced from Italy.

Despite economic uncertainty, the development remains on track with Hutchinson Builders, who have been tasked to complete the development by mid-2022, pouring a new level on the tower each week.

Privately, Sunland managing director Sahba Abedian, along with wife Nava have dipped into Gold Coast market, snapping up a neighbouring 900sq m beachfront site on Mermaid Beach.

The Abedians picked up the twin-title property at 141 Hedges Avenue for $11 million late last month, on which a two-level house sits.

It remains unknown whether or not the beachfront property which holds a 22.5 metre frontage to the beach will be used for a private development or potentially geared towards a residential tower during the coming months.

Sunland Nears Sell-Out at Hedges (2)

Speaking as part of The Urban Developer’s In Conversation webinar series, Sunland co-founder Soheil Abedian said the company remained focused on establishing its next phase of the cycle, while maintaining a conservative balance sheet.

“[Sunland] works from the central focus of architecture, beauty and constantly questioning how can we contribute something to the built form,” Abedian said.

“Our industry is subject to cycles, it goes up and goes down, but if there is a focus on the fundamentals of architecture in development, it is very difficult for a development or project to go wrong.”

Abedian said that 90 per cent of its Hedges Avenue tower had now been sold, allowing the developer to look towards its future pipeline and grow its workbook.

“We are always looking for new opportunities, irrespective of the cycle going up and down, as long as they meet the prerequisites of Sunland,” Abedian said.

“We are not Stockland or Mirvac, we’re a boutique developer and make decisions based on our size and what we think is appropriate for the company.”

Sunland currently has 13 projects under way along Australia’s east coast and a $3 billion portfolio comprising 3,853 residential homes, urban land lots, multi-storey apartments, and an emerging retail and commercial portfolio.

“Australia is vast, the population is limited and the available land bank is shrinking because everybody wants to be centrally located within the country’s six biggest cities,” Abedian said.

“We look at an area like the Gold Coast which is a city seeing rapid annual population growth, and see huge potential.”

At Mermaid Waters, Sunland is now pressing ahead with a $240 million lakefront apartment development part of its masterplanned community The Lakes, a 42-hectare $1.3 billion project that will eventually have its own community and leisure-lifestyle retail village.

Sunland also has plans in front of council for a 16-level boutique apartment project located at 180 Marine Parade in Labrador.

The developer has also been actively recycling assets, earlier this month offloading an undeveloped portion of its 46.4-hectare subdivision site at Pimpama to over-50s resort developer Gemlife for more than $29 million.

 

 

 

This article is republished from theurbandeveloper.com under a Creative Commons license. Read the original article.

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