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Land Developers’ Bid for Coastal 35-Storey Apartment Tower

35-storey

Queensland developers Gallery Group is beefing up its portfolio with plans for a 35-storey residential tower on the Gold Coast.

The 102-apartment tower is on a 2064sq m parcel of land at 203-211 Surf Parade at Surfers Paradise, two blocks back from the beach.

Five two-storey houses would make way for the development to be called Chalk, which, according to architects Raunik Design Group, would fuse art deco with contemporary design.

The design report said the brief had been to create something inspired by the naturally formed chalk mineral “by exposing the beauty of raw, unfiltered natural materials to unveil a purer way of living”.

“Naturally formed materials such as concrete, glass and stone are intertwined carefully with earthy tones to create a grounded atmosphere both in and around the building,” the report states.

“Chalk’s character is inspired by art deco fused with a contemporary feel … precise geometric shapes integrated with simplistic design elements achieve timeless results.”

35-storey

▲ Five two-storey dwellings would make way for the 35-storey tower at the southern end of Surfers Paradise. Image: Raunik Design Group 

A glass minimalist facade will capture views of the coastline and Broadbeach, while communal amenities including a pool, gym and function space are provided on level 4 and the rooftop.

The development comprises 17 two-bedroom apartments and 85 three-bedroom apartments, which includes larger three-bedroom penthouses and sub-penthouses.

The land is zoned for high density, with no building height restrictions. A 17-storey development has been approved by the Gold Coast City Council on a neighbouring site on Old Burleigh Road.

35-storey

▲ A minimalist glass facade will help to frame expansive views of the coastline. Image: Raunik Design Group 

Gallery Group’s land development and projects arms have both squarely focused on house and land communities in south-east Queensland.

But, like some other Gold Coast-based developers, Gallery Group is now swooping on the hot Gold Coast apartment market, where average apartment sales are more than $1 million.

Sherpa recently lodged plans for a 17-storey apartment building at Palm Beach, while south-east Queensland house builder Urbane Homes lodged plans for a 14-storey beachfront apartment tower at Coolangatta.

Colliers research has shown the Gold Coast has recorded almost a year’s worth of apartment sales in the first three months of 2021.

About $800 million of apartment stock was sold in the March quarter—just $112 million short of the total sales in 2020.

The average price for an apartment was $1.06 million, with prices increasing 42 per cent during the past two years.

 

Article Source: www.theurbandeveloper.com

Developments

Developers eye Surfers Paradise apartment development site, once proposed for luxury Markwell tower

Surfers Paradise

The approved plans for Markwell, located at 2983-2991 Surfers Paradise Boulevard, have been designed by BDA Architecture and include 552sqm of retail space.

Gold Coast apartment seekers, who are getting frustrated as developments continue to sell out prior to launch, are expected to have more of an opportunity when the construction of Markwell finally gets underway.

The Surfers Paradise Boulevard site, where the 47-level, 210 apartment Markwell was given development approval for in 2015 by its owners Citimark Properties, is set to be sold, with developers already showing interest on the dress circle address just 200 metres from the beach.

The approved plans for Markwell, located at 2983-2991 Surfers Paradise Boulevard, have been designed by BDA Architecture and include 552sqm of retail space.

There will be a mix of two-bedroom, two-bathroom and three-bedroom, two-bathroom apartments, the latter targeting the downsizer.

It’s a rarity for such a prime piece of real estate to come with development approval, GV Property Group Director Antonio Mercuri, who is handling the marketing with CBRE.

“While the demand is at an all-time high, there’s a scarcity of sites available, and even less on-market with DA approval, making parcels of land like this one an incredible and rare opportunity,” Mercuri said.

Mercuri said now is the time to invest in the Gold Coast, with a strong market outlook market post the pandemic peak.

“We’ve seen a significant influx of interest and sales in the Gold Coast market in recent months.

“With international travel still limited and many interstate Australians looking for a sea change after a challenging couple of years, the Gold Coast market has never been stronger.”

Surfers Paradise

CBRE Gold Coast Managing Director Mark Witheriff said it’s exciting to see a site of this calibre on-market at a time of tremendous confidence in the Gold Coast market.

“Markwell provides an opportunity to develop in the enormously popular Surfers Paradise hub, which usually attracts some 5.1 million visitors from around Australia and across the globe and has a growing resident population.”

Located on the corner of Markwell Avenue and Surfers Paradise Boulevard, the site is primely positioned in close proximity to the Q1 precinct and the new light rail. The site was last transacted in June 2015 for $11 million to Citimark Properties and now has a potential gross realisation value of circa $200 million.

Citimark Properties are offloading the site as they shift their focus to their other projects across their portfolio, which includes a soon-to-be-launched Chevron Island development, Mirador.

“Six years on, we look forward to seeing Markwell come to life, led by its new owners,” John Bowman, development director at Citimark, said.

 

Article Source: www.urban.com.au

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Developments

Inside the latest luxury Palm Beach apartment development, Ocean House

Ocean House

Drawing inspiration from its natural surrounds, Ocean House residences are designed in an earthy colour palette, with ample storage and high-end finishes.

The luxury Palm Beach apartment market continues to gather steam, and with that is a solid pipeline of luxury apartment developments.

The latest to launch is Ocean House, a boutique collection of just eight full-floor apartments by the Sydney-based developer Macquarie York.

The approved development has been designed by the local architecture firm BDA Architects, who say the striking building is sculpted from inspiration from the surrounding natural environment of the movement of water and sand.

“Expressive architecture portrays a sense of subtropical architecture” BDA advise in their design statement, with architectural elements of sun hoods, moveable screens, large balconies and deep roof eaves.

Ocean House

Ocean House 1101 Gold Coast Highway, Palm Beach QLD 4221 

The apartments, priced from $2.9 million, each span 200 sqm and have three bedrooms, as well as a media/multi-purpose room.

There will be shared resident amenity in a resort-style pool, dedicated barbecue and dining areas, and landscaping throughout.

“Ocean House will embody the finest luxury touches, alongside thoughtful additions that are made for practical liveability” Macquarie York founder Roy Skaf said.

The apartments, at 1101 Gold Coast Highway, will back onto Palm Beach Surf Club, placing residents with prime access to the heart of Palm Beach’s ambient café and dining culture. The apartments will have views over the water and the hinterland.

“Palm Beach is quickly becoming one of the most sought-after suburbs on the Gold Coast, and for good reason,” Skaf said.

“It’s home to the coast’s most pristine beachfront, packed with a sensational café and restaurant scene, and remains close to key Gold Coast attractions all while retaining that idyllic relaxed coastal energy.”

Drawing inspiration from its natural surrounds, Ocean House residences are designed in an earthy colour palette, with ample storage and high-end finishes.

“The superior quality of these homes coupled with their incredible location has been deliberately designed with owner-occupiers and holiday makers in mind,” Skaf added.

Ocean House is Macquarie York’s second apartment project on the Gold Coast, having achieved a near sell-out of its debut project, the $77 million Allure development on Chevron Island.

 

Article Source: www.urban.com.au

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Developments

Lacey Group appoint Hutchinson’s to build sold-out Gold Coast apartment developments The Monroe and Del Ray

The Monroe

The Monroe all-but sold out in May after just two weeks, while Del Ray didn’t even hit the open market, selling all of its 72 apartments prior to its launch

The family-owned Gold Coast developer, Lacey Group, are advancing their plans for their two luxury Gold Coast apartment developments, after securing two quick-time sell-outs.

Having just appointed the leading Queensland construction company Hutchinsons, Lacey Group, headed by director Adam Lacey, are fast-tracking construction for their $35 million The Monroe at Palm Beach, and the $63 million Del Ray apartments at Kirra.

The Monroe all-but sold out in May after just two weeks, while Del Ray didn’t even hit the open market, selling all of its 72 apartments prior to its launch.

“We are thrilled with the consecutive sales success of the Monroe and the Del Ray, both of which have been incredibly well received,” Adam Lacey, Director of Lacey Group, said.

The Monroe

he entry of Del Ray at Kirra. Image supplied 

“Palm Beach and Kirra are arguably two of the hottest beachfront markets on the coast right now, so it’s an exciting time to be pioneering the next generation of luxury living on its shores.”

Demolition works on both sites has now been completed, with full scale construction scheduled to take off in October.

On the construction partnership, Lacey said Hutchies have a brilliant reputation on the coast for delivering a dynamic portfolio of projects,

“We have full confidence that they will do justice to each project’s remarkable design.”

The Del Ray, designed by Plus Architecture, will encompass 72 two and three-bedroom apartments and townhouses, as well as a rooftop infinity pool and terrace, with sweeping views over the ocean, and an exclusive resident’s lounge.

Located at 7-11 Miles St, the project is within close proximity to the highly anticipated re-development of the Kirra Beach Hotel, set to offer the bustling Kirra Beach suburb a new entertainment hub and dining pavilion.

The Monroe will sit further south on Palm Beach’s Jefferson Lane dress circle. The project at 124-126 Jefferson Lane will see 33 two and three-bedroom apartments created, as well as a townhome and a luxury penthouse. That too will have a 250 sqm rooftop terrace with a swimming pool, fire pit area and views.

The Monroe

The Monroe’s luxury rooftop pool. Image supplied 

A large portion of purchases within The Monroe came from previous Lacey Group buyers.

Before the recent sell-outs at The Del Ray and The Monroe, Lacey Group had success with Jefferson, also at Palm Beach, and Southbreak in Kirra.

 

Article Source: www.urban.com.au

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