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Rare Broadbeach apartment development site gets rarer, with two apartment towers possible

Rare Broadbeach

Sites have become invaluable, and it’s a case of picking off the old, tired buildings on prime land which will make way for new, flashy apartment towers

Large development sites on the Gold Coast are in as short supply as the apartments at the moment, with Urbis data suggesting there are just over four months of supply of apartments if sales rates continue as they are and there are no new projects released.

Sites have become invaluable, and it’s a case of picking off the old, tired buildings on prime land which will make way for new, flashy apartment towers.

That’s seen the local site amalgamation specialists GV Property Group never busier.

GV Property Group founder Antonio Mercuri, who started the company around six years ago knocking on doors, along with his right hand man Luke Reaby, are starting to see an uptick in apartments vendors willing to band together to get the maximum price they can from developers, who are coming from all over the country to build apartments on the Gold Coast.

The duo recently launched 2769 Gold Coast Highway, a 2,595 sqm site, for sale, with big demand early on.

Within a week, Mercuri and Reaby managed to take the site a step further, amalgamating the site next door by contacting the owners of the adjoining six apartments at 16 Rosewood Avenue, adding a further 647 sqm to create the huge 3,242 sqm corner site which has unlimited height zoning.

Rare Broadbeach

2769 Gold Coast Highway and 16 Rosewood Ave is for sale via expressions of interest, closing October 8. For more information,

Reaby advises that the maximum tower floorplate on the Gold Coast is typically 750 sqm, suggesting ‘the site could accommodate two towers which would fit perfectly within the site cover guidelines.

There’s also a rare proposition of having two or three podium levels, which would create a striking facade from the street level and above ground parking.

Dual tower developments have seen great success in the past in the area, with Meriton Suites and Oracle still popular at Broadbeach.

And there’s plenty of mega-developments in the pipeline with more than one tower planned for these larger amalgamated sites, with the aim to create a sky-high resort for residents.

The Shanghai-headquartered international property developer SPG Land, in a joint-venture with Australian developer Gordon Corp, has lodged $800 million plans for nearly 800 apartments to be built across three towers in the heart of Surfers Paradise.

They will be anchored by a new ground-level retail and dining plaza at the street level Ferny Avenue. The 1.15 hectare site will be bounded by Ferny Ave, one of Surfers main streets, as well as Surfers Paradise Boulevard, Pandanus Avenue and Ocean Avenue near the Surfers Paradise North light rail station.

The latest was of course the $1.25 billion plans laid by the Melbourne-based developer Gurner, led by the high-profile developer Tim Gurner, just up the road.

The 11,000 plus sqm site at 108 Ferny Avenue will be known as La Pelago, and will comprise four huge towers with nearly 1,000 apartments, around a quarter dedicated to a hotel.

There’s been international interest for a massive 5,726 sqm site at 3006-3016 Surfers Paradise Boulevard, which already has development application application for Orion Towers, a mixed-use development with two towers and over 1200 apartments.

But Reaby reckons there’s a great opportunity for a build to rent operator, with current vacancy rates at all time lows.

“The site would allow for well over 200 apartments for a build to rent operator”, Reaby says, however admits the likelihood is of two residential towers, or one hotel and one residential tower.

 

Article Source: www.urban.com.au

Developments

Inside Cru Collective’s new luxury Kirra Beach apartment development, Sur Kirra Beach

Cru Collective

The resident amenity occupies a whole level, and will home an oceanfront pool, a beachfront fitness centre, and a sauna

There’s a fresh opportunity for the luxury Gold Coast apartment buyer, with the local developer Cru Collective launching sales for Sur Kirra Beach, their hotly anticipated boutique residential tower on the Coolangatta dress circle Musgrave Street.

Cru, led by managing director Chris Bolger, are offering just the 10 apartment across the 13-level tower which has been designed by BDA Architecture. BDA was inspired by the longboards that established the Kirra surfing culture in the 1960s.

The unique site pocket at 2 Musgrave Street allows for a distinct floor plan that is fin like in shape, capturing views from every angle of the property.

Crowning the development will be a two-level penthouse.

Bolger expects buyers to be predominantly locals.

“The location is iconic and we have an extensive waiting list of people from the immediate area or those that have holidayed in Kirra or rainbow Bay for years,” Bolger says.

Sur Kirra Beach

Sur Kirra Beach 2 Musgrave Street, Coolangatta QLD 4225

“It’s a very nostalgic location for loyal Kirra fans.”

Apartments in Sur, meaning above and beyond, will span 300 sqm apartments will have three ensuited bedrooms, including a huge master wing with walk-in wardrobe, two living areas, a kitchen with butler’s pantry, wine cellar, and a dry bar with built in ice maker.

Each apartment will have their own private foyer, direct from the lift.

Balconies have been oriented to face east, to capture views from Rainbow Bay to Stradbroke Island, with the rear balconies to look back to the hinterland, offering views that will never be built out.

Cru Collective decided to refine the already approved plans, which saw the levels, and in turn apartments, reduced.

Bolger said the size was dropped to make Sur more in-keeping with Kirra Beach.

“At the heart of Cru Collective’s design approach is the desire to create exceptional living spaces in extraordinary locations that meet the expectation of the sophisticated buyer,” Bolger said.

“By reducing the volume of apartments and raising ceiling heights of the original plans for the Kirra site we will deliver spaciousness and opulence that is typically reserved for high-end standalone houses.

Prices start from $4 million, with the price yet to be established for the penthouse.

The resident amenity occupies a whole level, and will home an oceanfront pool, a beachfront fitness centre, and a sauna.

“Sur Kirra Beach is our latest commitment to always producing premium quality homes that substitute the conventional high density apartment trope for a boutique approach to vertical living,” Bolger added.

“Over the past few months since we acquired the site, we have already received an astounding amount of local and national interest in what will be a striking addition to the Kirra beachfront. It’s such a unique and iconic location.”

Cru Collective is launching Sur Kirra Beach with a view to commencing construction in early 2022.

About the developer

The local Gold Coast-based Cru Collective have a proven track record, selling out Acqua in Palm Beach and Arcadia Rise in Currumbin.

The award-winning developer has more than a decade of experience in residential and commercial property across south-east Queensland, currently delivering a development pipeline totalling $150 million in projects.

Sur Kirra Beach follows the sell-out and completion of Cru Collective’s $40 million Siarn Palm Beach North apartment project.

 

Article Source: www.urban.com.au

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Developments

Monaco, Polites Plan $100m Runaway Bay Tower

Monaco

The residential market at Runaway Bay is heating up with plans for a $100-million, 31-storey tower and three villas filed by Monaco Property Group and Polites Property Group.

The joint venture lodged the plans for the slim 3116sq m site that sits between a series of towers on the Broadwater at 13-15 Bayview Street.

The developers are taking advantage of the booming Gold Coast market where unit prices have increased 9.9 per cent in a year, according to Domain.

The residential project follows Polites’ Cabana tower in Palm Beach, a joint venture with Ignite Projects.

The group is headed by identical twins Alex and Marcus Polites, the grandsons of the late Adelaide property tycoon Con Polites.

Monaco is headed by Jonathan Grasso and Jay McPhee, who also have connections in the property world.

This includes McPhee Distributions Services and Industrial development with its $1-billion portfolio, and Grasso’s previous projects with Belvue Property Group, which he founded.

Monaco

▲ Renders of the villas and second pool in the development to be known as Belvue at Runaway Bay on the Gold Coast Broadwater. 

The retro Palm Springs inspired design by Plus Architecture includes 31 whole-floor apartments, with three or four bedrooms, on a 323sq m floor plate plus three 510sq m detached homes.

There are also two swimming pools, a sauna and wellness facilities planned for the site, which is 20m wide and 155m long.

Polites managing director Alex Polites said the suburb was being reinvigorated by new developments and buyers looking for a coastal lifestyle.

“Runaway Bay’s development history dates back to the 1970s and it set the benchmark for residential apartment living on the Gold Coast in the 1980s and 1990s,” he said

“Since then, the Gold Coast has evolved into a sophisticated city envied not just as a holiday destination but for its coastal lifestyle.”

 

Article Source: www.theurbandeveloper.com

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Developments

“The sophisticated newcomer to Runaway Bay” – Gold Coast suburb set for first apartment development in 30 years

Runaway Bay

Plus Architecture, who are handling the design, call Belvue “the sophisticated newcomer to Runaway Bay.”

The Gold Coast’s Runaway Bay is set to see its first residential tower to be developed in the idyllic Gold Coast waterfront enclave for almost three decades.

Belvue, French word for beautiful view, is set to be developed in a joint venture between Monaco Property Group and Polites Property Group, who has just lodged a development for the project.

The luxury tower on a 3,116 sqm site at 13-15 Bayview Street, has been designed for the owner-occupier, with just whole floor apartments.

The 31 apartments, which have four bedrooms each (or three and a multi-purpose room), will each take up a level of the 31 storey building, which is reminiscent of a resort-style hotel, without the mass number of rooms.

Plus Architecture, who are handling the design, call Belvue “the sophisticated newcomer to Runaway Bay.”

“It’s an elevated lifestyle with resort-style amenities,” Plus advise in their design statement.

Upon entry to the waterfront site will be three luxury detached villas, each spanning two levels with three bedrooms and a private outdoor terrace area.

Runaway Bay

The tower is set at the rear of the block, past the luxury, resort-style swimming pool and landscaping by FORM Landscape Architects.

There will be a gym next to the main pool, as well as a barbecue pavilion, while past the tower is a second pool, overlooking the water. There’s also a sauna and a steam room, as well as poolside cabanas, and a private terrace leading down to the beach.

The tower is targeting the owner-occupier, with each apartment having 246 sqm of internal space, with at least 23 sqm of external area. There are two balconies per apartment, one off the kitchen, living and dining area, the other accessed on the other side of the apartment.

Runaway Bay

“Runaway Bay’s development history dates back to the 1970s and it set the benchmark for residential apartment living on the Gold Coast in the 1980s and 1990s,” Alex Polites said.

“But since then, the Gold Coast has evolved into a sophisticated city envied not just as a holiday destination but for its coastal lifestyle. Now, finally, the time has come for the reinvigoration of Runaway Bay as one of the Gold Coast’s premier waterfront residential addresses.

“All of the 34 luxury residences in Belvue will offer a new design benchmark and the ultimate in sophisticated coastal living.”

Jonathan Grasso said Belvue had been meticulously designed to capture the most amazing views the Gold Coast and to create a private resort-style atmosphere on one of the Gold Coast’s quietest and most exclusive Broadwater enclaves.

“Our team has spent a lot of time designing and curating what we believe will be a highly unique luxurious residential offering for this pristine part of the Coast,” Grasso added.

 

Article Source: www.urban.com.au

 

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