Work will soon begin on a master plan for the final remaining piece of Coomera’s town centre with the purchase of a significant parcel of land on Foxwell Road.
Brisbane-based joint venture partners Keylin and Kinstone bought the 47.7ha site following an expressions of interest campaign in December.
Fund manager QIC offloaded the prime greenfield site for an undisclosed figure, reportedly in excess of $30 million.
The 47.7ha site is included within the emerging town centre precinct and comes with a preliminary approval for residential, commercial and retail developments under the Coomera Activity Centre South Development Code.
The joint venture’s acquisition follows its $50 million purchase of the Serenity 4212 estate at Helensvale.
“We are delighted to have successfully secured what we believe is one of the key sites on the northern Gold Coast,” Keylin managing director Louis Cheung said.
“This is one of the area’s most strategically important sites that will shape the future of the urban heart of Coomera, considered to be the final piece of the Coomera Town Centre puzzle.”
Under the Coomera Activity Centre South Development Code, there are a range of uses and development types permitted including commercial, retail and residential with building heights of up to 15 storeys.
Selling agent Brendan Hogan of Colliers International said there was a lot of interest in the prime site.
“The property attracted an extraordinary level of interest with a very competitive process from some of Australia’s largest public and private development groups,” he said.
Keylin has been active in development at Hope Island and recently revealed plans for a hotel and residential precinct in Brisbane’s Spring Hill.
Joint venture partner Kinstone recently completed the $70 million Novotel South Brisbane and the Monarch and Sovereign Heights subdivision developments in Brisbane’s South.
Major projects currently planned around the existing Westfield Coomera include a new Costco outlet to the north of the site along with plans for a new public hospital on 13ha of land near the Coomera Railway Station.
Article Source: theurbandeveloper.com
Aria Property launch South Brisbane apartments Trellis, their most sustainable development to date
Unabashedly green, as homage to it’s name,Aria Property have implemented environmentally forward practices across all aspects of the development
Aria Property Group continue to improve sustainability across their South East Queensland residential apartment developments.
Their newest tower, Trellis, in South Brisbane, is their most sustainable to date.
Unabashedly green, as an homage to it’s name, Aria have implemented environmentally forward practices across all aspects of the development, from the site itself, of which 60 percent is covered in greenery of some variety, as well as the trellises within which improve biodiversity, to solar technology and Tesla batteries.
All 110 two and three-bedroom apartments in the 12-storey building feature cross flow ventilated corridors, operable architectural screen doors, double-glazed glass and more. Residents will experience significantly cooler apartments compared to competitor projects, reducing reliance on air-conditioning and facilitating cost savings
With the growing scale of landscaping and greenery on Trellis, Aria is incorporating 60,000L of rainwater tanks to capture as much rainwater as possible to irrigate planting. This will assist in reducing Body Corporate water costs and recycle rainwater typically wasted in most buildings.
This is in line with Aria’s proven track record in more than just sustainability, recognised as the Best High Density Developer in Australia from 2017 – 2019 with Oxley + Stirling Residences, The Melbourne Residences and Botanica Residences.
ARIA say Trellis is one of their most liveable apartments to date. Designed by Rothelowman, they feature three metre high ceilings, Miele appliances, operable glazing and high-end contemporary finishes.
Reminiscent of an urban retreat, Trellis reflects a new style of resort living with 1,119 sqm of recreational amenity across the Temple of Wellness on the ground floor and the Residents’ Rooftop Club on level 13. That features magnesium baths and an infinity pool with views across Brisbane.
The development also offer a podcast/boardroom, serving as a multi-use space for working at home. There’s also a Residents’ Wine Cellar.
Apartments in Trellis start from $739,000 for an apartment with two bedrooms and two bathrooms. Three-bedroom apartments are priced from $1,084,000 to $1,224,000.
Completion is slated for mid-2023
Article Source: www.urban.com.au
Sherpa branch out from Palm Beach, lodge plans for Perspective Broadwater in Biggera Waters
The exclusive building will have just seven apartments, six full-floor, three-bedroom apartments and a two-storey penthouse
The Gold Coast developer Sherpa Property, who have been developing and finalising plans for a number of luxury apartment projects in Palm Beach, are broadening their horizons.
Sherpa, led by chief executive Christie Leet, are continuing the trend of their Perspective collection in Biggera Waters, lodged plans for a boutique apartment development overlooking The Broadwater at 536 Marine Parade.
The exclusive building will have just seven apartments, six full-floor, three-bedroom apartments and a two-storey penthouse overlooking Broadwater and the surrounding parklands.
“Biggera Waters has been simmering with undervalued potential for some time now, and these figures indicate that there’s significant upside on the Broadwater which is something we always look for our buyers,” Leet said.
“It’s more affordable than its neighbours to the north and certainly in comparison to what has been a white-hot southern Gold Coast market.”
Leet said the area has retainsedits unique charm as the Gold Coast’s untapped leisure time-paradise, with little development in the region keeping it very boutique in nature.
“Perspective Broadwater provides a rare opportunity to become an exclusive first-mover to the next prized pocket of the Gold Coast, offering buyers the chance to capitalise on the imminent value surge.”
Designed by MODE architects, each of the residences will have three-bedroom, two bathrooms, a media room, and two car spaces.
The 400 sqm, two-level penthouse with its own private lift will have an expansive outdoor kitchen and entertainment area and 360-degree views over the Broadwater, Stradbroke Island, Pacific Ocean, Gold Coast CBD skyline and Gold Coast Hinterland.
“Perspective Broadwater is where life begins anew for the luxury downsizer,” Leet said.
Sherpa has seen huge success in Palm Beach, where they secured sell outs in their Perspective 488 and Perspective Two Sea apartment developments. The two projects achieved a combined sales total in excess of $70 million.
Sherpa has now launched Perspective Nexus – a collection of 29 three-bedroom apartments and three three-level Sky Homes, a sub-penthouse, and a penthouse.
Article Source: www.urban.com.au
City of Super-Towers Slimming Down
Famous for its skyline of residential supertowers, the booming Gold Coast is feeling the squeeze on its supply of beachside development sites, forcing developers to slim down their sky-scraping designs.
As the city’s off-the-plan residential market continues to surge, development site pickings are becoming increasingly thin on the ground.
Boutiques-sized projects are already the big residential trend but a proposed development at Broadbeach may be about to herald a new era of slimline apartment towers for the city.
Marquee Development Partners has lodged a development application for a 20-storey residential high-rise on a small block with a narrow 16m-wide street frontage.
The Brisbane-based developer put its foot on the 632sq m site at 17 Federation Avenue—opposite the landmark 34-storey Belle Maison apartment tower—in January with property records showing it sold for $3.69 million.
It is planning to replace the existing three-storey brick walk-up block of six units with a “slender” tower comprising 22 apartments across 17 levels.
The development application notes the design challenges of the site’s narrow dimensions.
“The site has a generally narrow frontage of only 16 metres, which can be a difficult to balance essential services, car parking, landscaping and pedestrian activation within limited area,” it states.
“The development has been designed with a key focus on incorporating appropriate setbacks and landscaping elements across the ground floor and mezzanine level to protect amenity and provide a pleasant interface with the street.”
Designed by HAL Architects, the tower’s “slender verticality … (also) facilitates fast-moving shadows, ensuring that surrounding properties maintain direct access to daylight and sunlight for several hours of the day throughout the year”.
The proposed tower will feature six two-bedroom, six three-bedroom and 10 four-bedroom apartments—including nine full-floor residences and a two-level penthouse topped with its own entertaining/recreation space and pool.
It also will incorporate 230sq m of communal open space on the ground level “benefitted by a void above which provides for a grand recreation experience” with a large lap pool, spa and seating area, as well as space for lounging, dining, barbecue facilities and an indoor lounge/cinema room.
Cascading planting will flow over the edges of the tower’s podium to create a distinctive streetscape.
“This design approach achieves a ground level space that creates a luxurious sense of arrival that promotes an attractive, open and inviting interface with the public realm of Federation Avenue,” the development application states.
A public pedestrian path adjoins the site’s southern boundary, providing a direct connection through to the beach and Gold Coast Highway. The Broadbeach North Light Rail station is located within 400m of the site.
According to the ShapingSEQ outlined in the current City Plan, the Gold Coast needs to provide 158,900 extra dwellings to meet growth obligations by 2041.
Eighty per cent of new dwellings should be in existing locations and 20 per cent in expanded areas of the city.
Apartment sales have increased 97 per cent this year with interstate migration the main driver, despite the nation’s population stagnating.
Article Source: www.theurbandeveloper.com
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