A developer has lodged plans for a 33-storey residential development in Broadbeach as the Gold Coast’s red-hot apartment market continues to outstrip supply.
The 46-apartment project, planned for a 670sq m site on the corner of First Avenue and Surf Parade—two streets back from the beach, has been put forward by 14 First Avenue Pty Ltd.
The entity is headed up by Gold Coast-based developer Leonard Steiner and joint venture partner Dimitri Katsimberis, a Sydney-based investor.
The high-rise apartment complex, called Myst, will replace an existing low-rise apartment block comprising eight units.
The Plus Architecture-designed development will be targeted at the local owner-occupier market.
The tower will offer two apartments per floor in three-bedroom configurations. It will be topped with a four-bedroom penthouse featuring a private rooftop area and pool.
There will also be three sub-penthouses above a residents lounge on level 27, offering a private dining and function room, meeting rooms and work pods for those needing more space while working from home.
A wellness centre and communal pool are also planned between level four and five.
The Urban Developer approached the project’s directors who declined to comment on the development at this early stage.
The developer joins a host of interstate property groups currently sweeping up sites on the Gold Coast as they look to take advantage of rising demand for new apartments and a looming under-supply of stock.
Record sales of new apartments, especially larger residences, have been driven by demand from downsizing owner-occupiers and interstate buyers taking advantage of the shift to work-from-home.
Developers have also been buoyed by state government forecasts that suggest the Gold Coast could now attract up to 15,000 people per annum.
To meet the demand, the city is expected to need 6300 dwellings a year.
Across the city, there are currently more than 50 residential projects with an estimated investment value of $4.8 billion under construction and with firm pipeline commitments.
Broadbeach is now among the Gold Coast’s biggest development hot spots, led by the $2-billion masterplan for The Star Gold Coast casino site and the $670-million expansion of Pacific Fair.
Also at Broadbeach, Brisbane-based developer Turrisi Properties has similarly scaled plans for a $100-million, 22-storey residential development at 9-11 Armrick Avenue before the council.
Sydney developer Macquarie Developments Group has paid about $4.5 million for a 1200sq m corner block at 15 Rosewood Avenue, which sold with a permit for 186 apartments over 39 levels.
Broadbeach Luxe Development, headed by director John Kubatov, has recently launched its six-star, $160-million residential project at 2 Charles Avenue, comprising 28 apartments.
Iris Capital, which generates revenue of $500 million a year from a $3-billion real estate portfolio, has also joined the Gold Coast property rush, lodging plans for a $800-million, two-tower project at Broadbeach’s Niecon Plaza site.
Iris Capital’s project will comprise a total of 333 apartments across its 30-level and 40-level towers, both topped with two sub-penthouses and a penthouse.
Article Source: www.theurbandeveloper.com
Interstate buyers keen on Chevron Island’s boutique off the plan apartment tower, H^BIT^T
Interstate buyers have shown a major interest in H^BIT^T, one of Chevron Island’s newest boutique apartment developments.
“They’re wanting to relocate”, REMAX agent Russel Segal, who is handling sales of the 37-apartment building, told Urban.
“Interstate buyers are thinking short-term investment and long-term relocation”, Segal added, suggesting buyers are keen on living within the tight-knit village-like community of Chevron Island, but to be close to all the lifestyle amenities and the busy entertainment hub of Surfers Paradise.
Segal said the development has also been a hit with locals, who are keen on the continually developing Chevron Island.
The building is the passion project of local construction and development veterans, who have spent the last five decades developing and building residential and commercial projects across South East Queensland.
“This is their own private project. The developers have focused on providing a habitat that will sustain and enrich the residents’ lifestyles. They were keen to share their sense of place and make a lasting contribution to the amazing Chevron Island”, Segal said.
The eight-level H^BIT^T at 17-19 Anembo Street, opposite the Korman Family Park, will have 37 two and three-bedroom apartments, with prices starting from $595,000 for the two-bedrooms, in which the $15,000 government first home owners grant can be applied, and $920,000 for the three-bedrooms.
Most apartments will have uninterrupted views of the Surfers Paradise skyline, the hinterland and Main River.
Completion is expected by the end of 2022 and buyers will be able to choose between urban and coastal colour palettes and high level finishes.
Article Source: www.urban.com.au
Locals, Sydneysiders and Melburnians swoop on Esprit, S&S Projects Rainbow Bay apartments
Nearly three quarters of buyers were local owner-occupiers, with around 30 per cent coming from Sydney’s beaches and the intercity and fringe suburbs of Melbourne
It took just a weekend soft launch for the luxury developer S&S Projects to secure over half of the sales in its latest Gold Coast apartment development, Esprit.
Esprit, at 217-227 Boundary Street, in the sought-after Rainbow Bay location in Coolangatta, sold over half of the 97 apartments on offer in the two interconnected Cottee Parker-designed buildings.
No surprise in the quick-fire sales by KM Sales and Marketing agent Jayde Pezet given the location, the fact Esprit is crowned by Club Esprit, the Gold Coast’s first ever residents-only rooftop wellness centre, and the size of the apartments.
They range between 109 sqm and 128 sqm and start from $825,000.
The three-bedroom apartments, from 151 sqm to 215 sqm, start from $1,915,000 and top out at $3.7 million.
Nearly three quarters of buyers were local owner-occupiers, with around 30 per cent coming from Sydney’s beaches and the intercity and fringe suburbs of Melbourne.
S&S Projects boss Paul Gedoun said the demand for luxury pulsating across the southern Gold Coast.
“Esprit is a new luxury residential high-water mark for Rainbow Bay on so many levels and that has been validated by the extraordinary number of sales secured over the weekend,” Gedoun said.
“It is more than a breathtaking place to call home and these astute buyers have recognised and been drawn by its superb location, exceptional level of amenity and superiority of design.”
Gedoun describes Esprit as a project “born from Rainbow Bay’s natural incitement of a restorative lifestyle rooted in enjoyment”.
The rooftop wellness club, Club Esprit, will span more than 1,100 sqm and will feature every wellness and recreational amenity, dubbed as offering an elite-athlete standard of physical and mental rejuvenation.
There is set to be a fully equipped gym, yoga lawn, private remedial treatment room, ice bath, infrared sauna, steam rooms, 25-metre lap pool and poolside cabanas.
The wellness amenity is balanced by an expansive recreational space, including a children’s lawn with play equipment, a private dining room, private terraces, BBQ areas and an outdoor cinema.
“Not only are residents securing an immaculately designed home but essentially also a lifetime membership to one of the most impressive and exclusive wellness clubs to exist on the coast,” said Jayde Pezet of KM Sales and Marketing.
Esprit is S&S Projects’ third venture in the beachfront residential enclave and surfing mecca, following the success of the sellout of the $74 million Flow Residences up the road, as well as the nearby Awaken Residences.
Article Source: www.urban.com.au
Inside the two-bedroom Silk Lane apartments in Woolloongabba, home of the 2032 Olympics
A relaxed sense of luxury fills every space, with tonal finishes and complimentary textures that create a luxurious hotel ambience
Accompanying the rush of global infrastructure investment set to transform Brisbane in the decade leading up to the Olympics, Silk Lane is among the new residential developments in Brisbane to secure a wave of renewed interest.
Comprising 306 one, two and three-bedroom apartments, Silk Lane delivers a luxury living experience that rises amongst Brisbane’s legendary cricket ground, ‘The Gabba’
Delivered by Sarazin, each residence is designed as an urban sanctuary, set high above the buzz of the surrounding precinct.
Silk One takes centre stage among the legendary Brisbane cricket ground, ‘The Gabba’, and boasts stunning views of the Brisbane River, CBD skyline and beyond.
Urban takes a look at two feature floorplans available to discerning buyers.
1. East No.12
The floorplan East No.12 has two bedrooms, one tucked away off the kitchen and dining area, with the master positioned at the front of the apartment off the living space.
That curved bedroom, with its own ensuite, will have full floor-to-ceiling glass windows with views across Brisbane.
The apartment, designed by Nettleton Tribe Architects, features generous living spaces, a balcony, built-in robes, laundry room and study space.
2. West No.8
The larger two-bedroom floorplan is West No.8, which comes with two bedrooms, two bathrooms and a multi-purpose room.
West No.8 is a more rectangular apartment and features a unique cube style crown and a lighter colour scheme.
“Living here is living Brisbane,” developer Sarazin say. It’s a rare and inspirational blend of serenity and exhilaration.
City and Gabba views are on offer from the balcony or the communal rooftop areas.
Article Source: www.urban.com.au
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