Australia’s largest privately owned construction company, Hutchinson Builders will deliver the sold out project
Hutchinson Builders has been announced as the construction firm to deliver the $57 million Coolangatta apartment project, Cala Dei.
The project is set to rise on the site currently occupied by Komune Resort.
The 31 apartments expected to be completed in the first quarter of 2023.
The 12 level apartment complex, designed by bureau^proberts, will sit in landscaping by CUSP.
Spyre Group officially launched its new Coolangatta tower in April with its four week sell out credited as one of the fastest selling projects ever on the Gold Coast.
It marks a fourth consecutive sell-out for the company on the Gold Coast, the $79 million Elysian Broadbeach, $25 million MAYA Kirra Beach, and the currently under construction $77 million Natura, Burleigh..
Prices ranged from $779,000 in Cala Dei to its $7.1 million penthouse sale.
Spyre Group bought the 862 sqm Marine Parade site from a company directed by Komune Resort owner Anthony Cannon and Fitness First founder Tony de Leede.
It has recently acquired a beachfront site to be launch later this year.
Article Source: www.urban.com.au
Construction commences on the final stage of The Peninsula Hope Island master-planned community
Developer ASF Group has already sold around 80 percent of the apartments and all of the terrace homes on offer.
Construction has begun at Peninsula Collection and Peninsula Terraces, the final release of apartments and terrace homes in the gated community development, The Peninsula Hope Island.
The Brisbane-based builder, Constructions Group, cleared the land for development over Christmas, with earthworks and piling expected later this month. The previous two stages of the exclusive master plan are already completed.
The rest of the in demand mini-masterplan is already completed. Developer ASF Group has already sold around 80 percent of the apartments and all of the terrace homes on offer.
ASF Group Marketing Director Daniel Fang said there was an even split of buyers, with around half local owner-occupiers looking to downsize, and the other half interstate migrants and investors,
“We saw a lot of demand from buyers in Victoria and New South Wales, in particular from the dense inner-city postcodes of Sydney and Melbourne” Fang said.
“They were drawn to the recreational lifestyle of the northern Gold Coast, with their choice to move hastened by lockdowns in the southern states. Other interstate buyers were also attracted by the strong potential for capital gains due to the 2032 Summer Olympics, set to be hosted in Brisbane.”
On the interest from locals, Fang said the majority sought to downsize to Peninsula Collection and Peninsula Terraces which feature greater accessibility and internal buttons linked to gated community security.
“Buyers are cashing in on the Gold Coast property boom whilst placing a greater emphasis on lifestyle and recreation in their search for a new home.”
ASF has already sold out Peninsula Homes, a collection of 17 townhouses, Peninsula Residences, comprising 40 apartments, and Peninsula Terraces, just 22 terraces, which sit along side the Peninsula Collection.
Sherpa Property set for Mermaid Beach apartment development
Located on Albatross Avenue in Mermaid Beach, Perspective Albatross will be a bespoke low-rise beachside apartment building comprising six three-bedroom residences and two two-level penthouses.
Local Gold Coast developers, Sherpa Property Group, have unveiled plans for their latest development, Perspective Albatross, as demand for property on the coastline continues to be in high demand.
Located on Albatross Avenue in Mermaid Beach, Perspective Albatross will be a bespoke low-rise beachside apartment building comprising six three-bedroom residences and two two-level penthouses, both of which feature direct access to their own private rooftop areas.
The project is earmarked for a prime 810 sqm at 72-74 Albatross Avenue, Mermaid Beach, and is Sherpa Property Group’s first in the area.
The three-bedroom residences will feature spacious floor plans that are further enhanced with their own private balconies, right in the heart of Mermaid Beach.
Perspective Albatross residences range from 190 sqm to 310 sqm and are priced from $2.1 million.
Plans for the residences come hot on the heels of the sell-out of Sherpa’s highly anticipated Perspective Nexus development in Palm Beach and the recent unveiling of its newly completed luxury residence in Bilinga, known as Perspective 202.
Sherpa’s CEO, Christie Leet said the site had been selected due to its excellent beach access and proximity to the local shopping precinct, along with the tranquil and enviable lifestyle that Mermaid Beach exudes.
“Mermaid Beach is one of the Gold Coast’s most attractive communities, offering a unique lifestyle that makes it one of the most tightly held markets on the Coast,” Leet said.
The Perspective Albatross beachside residences are expected to appeal to the local owner-occupier market and are located just a stones’ throw away from Mermaid and Nobby beaches.
“To us, Mermaid Beach has always been more than just a location, it’s the lifestyle that draws you in and makes you feel like you never want to leave.”
Designed by Cottee Parker, the residences have been influenced by the coastal surroundings, with a light and bright colour palette being implemented throughout, integrating touches of white and gold accents for a minimalist and contemporary design.
Also expected to launch in 2022 is Perspective Broadwater, just six apartments in Biggera Waters, and Perspective Nexus, Palm Beach, which is a 34 three-bedroom apartment development, across 14 levels.
Article Source: www.urban.com.au
Plans Filed for Third Surfers Paradise Skyscraper
Plans for a 38-storey residential tower in Surfers Paradise have been lodged with the Gold Coast City Council, the third DA for the area filed in recent weeks.
The latest skyscraper plans were lodged by AMFS 2, led by Ayrton Mansi of the Mansi Group and Freddie Sheene, son of the late world motorbike champion Barry Sheene, for a site at 17-19 First Avenue, Surfers Paradise.
Surfers Paradise is running hot, even by its standards—the suburb hit $1.2 billion in apartment sales in the 12 months to November.
The Gold Coast’s strong apartment market during the pandemic has created a spike in projects as units increased 26 per cent in value last year.
The plans for Nineteen on First Avenue were designed by Plus Architecture and included 35 full-floor apartments with three bedrooms and north-east facing balconies.
There was also a swimming pool, work from home suites, entertaining spaces and a gym on the lower levels as well as three levels of basement car parking.
It would replace two single-storey homes on the combined 810sq m site at the corner of First Avenue and Surf Parade.
The area was characterised by primarily high-rise residential developments, interspersed with older low- to high-rise developments, according to Ozone Planning Group.
“This existing character is consistent with the City Plan’s intent for Surfers Paradise to develop as a compact, high-rise neighbourhood,” the application said.
“The proposed built form incorporates elements of coastal character consistent with the existing built form within the locale as conveyed through the material and colours palette for the development.
“Being a high-end residential development, the finishes proposed are of an equivalent standard.”
In March, 2021 refinements were made to the Gold Coast city plan with mayor Tom Tate saying the city needs to be built “upwards, not outwards” in response to growing demand for new homes.
As interstate migration is expected to continue through 2022 the market fundamentals of the city are holding strong and there are no signs of an imminent bust, according to experts.
Article Source: www.theurbandeveloper.com
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