Melbourne-based developers set to a new luxury tower at Mermaid Beach on the Gold Coast
With the tide of demand on the Gold Coast for luxury beachside residences still high, Melbourne-based developer Hirsch & Faigen is set to put another shovel in the famed strip of sand.
In a move further cementing the city’s status as Australia’s luxury coastal lifestyle property mecca, Hirsch & Faigen has acquired a site at Mermaid Beach for its much-anticipated second Gold Coast development venture.
Superbly located in the highly sought-after beachside suburb, the development site at 7-9 Mermaid Avenue spans more than 1900sq m.
It is positioned for ultimate coastal living — tucked behind the beachfront ‘millionaires row’ mansions of Hedges Avenue and within a short stroll of the Broadbeach dining and entertainment precinct as well as the city’s premier Pacific Fair shopping destination.
Hirsch & Faigen is looking to bring its visionary development approach to the blue-chip Gold Coast enclave by creating a unique and timeless collection of contemporary residences.
Plans for a 24-storey luxury tower comprising 130 apartments designed by renowned architectural firm Rothelowman are due to be lodged for development approval in coming weeks.
“Mermaid Beach is not only one of Queensland’s but Australia’s most aspirational beachside addresses,” said Hirsch & Faigen director Richard Hirsch.
“We believe in creating unique and sophisticated living spaces with an uncompromising commitment to design, sustainability, usability and standard of delivery.
“Our vision for the Mermaid Beach site will not waiver from this approach, blending with its pristine surrounds and enhancing the lives and wellbeing of its residents.”
Pending its approval, the launch of sales in the project is expected in early December.
Hirsch & Faigen’s acquisition of the Mermaid Beach site follows the recent successful launch of its debut Gold Coast development, the 14-storey boutique luxury apartment tower Hemingway at Palm Beach.
It is also finalising plans for another luxury apartment project on the southern Gold Coast.
Hemingway will comprise 78 lavish residences with frontage to the exclusive beachfront strip of Jefferson Lane.
Even before its launch it had drawn substantial interest from local owner-occupiers and downsizers seeking the quintessential coastal lifestyle but with a luxurious upgrade. Also designed by Rothelowman, Hemingway is a multi-storey homage and reimagining of Palm Beach’s charming holiday shacks from the late 1950s and 1960s in the form of a collection of contemporary beach houses in the sky.
Article Source: eliteagent.com
Hirsch & Faigen launch Hemingway, Palm Beach apartments
Prices will range from $450,000 to $2 million in the Palm Beach residential project which will comprise 78 apartments over 14 levels.
The Melbourne-based national developer Hirsch & Faigen have officially launched Hemingway, their first apartment development on the Gold Coast.
Prices will range from $450,000 to $2 million in the Palm Beach residential project which will comprise 78 apartments over 14 levels. The penthouse is priced at $4 million.
Rothelowman has designed the tower which has been described as a multi-storey reimagining of the area’s humble holiday shacks from the late 1950s and 1960s.
Named after the famous author Ernest Hemingway, Hemingway is located at 1267-1273 Gold Coast Highway and will front the exclusive Jefferson Lane beachfront enclave.
Matt George, Hirsch & Faigen’s head of sales and marketing, said they were determined to push the bounds of architectural design to pay homage to the charming beach shacks while exuding contemporary design excellence.
“We went above and beyond to make it feel as though each apartment was its own full scale beach house, just mere metres away from the water’s edge while boasting those luxury finishes that makes the home feel like an indulgent retreat,” George said.
Residents of Hemingway will have access to a range of lifestyle amenities including its own ground-level café and communal open space with a swimming pool, pool lounge, barbeque area and outdoor cinema.
Prior to its launch, Hemingway had already garnered a substantial level of attention from local owner occupiers and downsizers pursuing the quintessential coastal dream with a luxurious upgrade.
The Rothelowman team reimagined the standard bulky apartment block into an innovative shape form that utilises curvature and cut outs to maximise and enhance views from every Hemingway apartment.
“Rothelowman are highly recognised across Australia for their innovative approach to creating landmark structures, and Hemingway was no different. They poured a lot of thought ninto how Hemingway could meld seamlessly into its Palm Beach surrounds while simultaneously enhancing and improving the area,” George said.
“It was important to us to take a design-led approach to encompass the phenomenal ocean views the Gold Coast is famous for, presented in what we like to think of as a beach house hoisted into the sky,”
The Hemingway project is the first development venture on the Gold Coast by Hirsch & Faigen, which has a number of property interests in Queensland and a national portfolio of projects completed over the past decade with a value of more than $1 billion.
Article Source: www.urban.com.au
Vistas St Lucia apartments popular with first home buyers as construction finishes
The development has been a hit with first home buyers so far, who have been taking advantage of the one-bedroom apartments
The construction of Barber Property Group has finished the construction of Vistas St Lucia, its newest apartment development in the leafy Brisbane suburb.
And the development of 32 apartments has been a hit with first home buyers so far, who have been taking advantage of Vistas one-bedroom apartments, the first one-bedroom apartments built in the suburb for five years.
The rest of the apartment sales so far has been to investors who are looking to leverage the prominent student rental market given Vistas proximity to the University of Queensland.
Barber have a solid case study in the area, having completed Eton, a boutique development of just nine apartments, nearby. Investors are now seeing seven per cent rental yields.
“The numbers stack up very well for investors looking to capitalise on St Lucia’s unique market, as it benefits from a range of buyer types at different stages of their lives,” Barber Property Group boss Paul Barber says.
“Although the student market has sat dormant for the last 12-months, with the current roll out of the COVID-19 vaccine, interest is picking up, so we anticipate a rush of international students at the end of the year, ahead of the first semester in 2022.
“Still, with many international students out of the equation, demand in St Lucia’s has remained high with recent occupancy rates as low as 1.7 per cent.”
Raymond Barber Architects, in collaboration with CG Design Studio, designed the apartments with earthy colour palettes and natural timbers that integrate with the St Lucia aspect.
There are nine one-bedroom apartments, 14 two-bedroom apartments and nine three-bedroom apartments, as well as communal facilities including a large open-air terrace and BBQ area with city views.
Barber said the company anticipates strong demand for Vistas St Lucia, as the area’s lifestyle factors play a big drawcard, with the proximity to the city and river, abundance of cafes and restaurants, and quintessential ‘Queensland feel’ high on buyers’ wish lists.
“Prior to completion, approx. 40 per cent of the luxury apartments had sold, really reiterating the market’s desire for new inner-city stock,” Barber said.
“We’re noticing a resurgence in demand for one-bedroom apartments, with a mix of downsizers and young professionals wanting to get into the inner-city suburbs, as well as demand continuing for larger two and three-bedroom properties.
Article Source: www.urban.com.au
Amenities watch: What’s on offer at Chevron One?
Chevron One offers residents holiday-style living year-round, with 2000 sqm of resort-style amenities
Bensons Property Group’s Chevron One offers residents holiday-style living year-round, with close to 2000 sqm of resort-style amenities.
Designed by Marchese Partners, the project includes a Club One residents’ lounge, floating cinema, dining facilities and sculpted gardens.
As Chevron Island’s first luxury tower, the development has a 24-hour concierge service and 360-degree uninterrupted views that will never be built out.
The on-site luxury amenities also include a private dining facilities, a library, multiple swimming pools, a sculpture garden and more.
Situated on Stanhill Drive, Chevron One is within walking distance to Thomas Drive cafes and retail shops, Home Of The Arts precinct, and the beach.
Chevron One Residences offer a fully furnished, fully managed and hassle-free ‘turnkey’ lifestyle investment.
Interstate investors in particular will be keen on the 14 day free days of holiday accommodation per year for their apartment.
Developer Bensons Property Group are offering a range of incentives for investors in the 41 level tower designed in collaboration with Marchese Partners and Byrns Lardner Landscape Architecture.
The entry price to Chevron One is as low as $480,000 for a one bedroom, one bathroom apartment. A two bedroom, two bathroom apartment with parking is priced from $705,000.
Estimated completion of Chevron One is late 2023. To secure your new home in the sought after development, request a call from a Chevron One sales agent via Urban.
Article Source: www.urban.com.au
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