Connect with us


Stalled Elegance, Mermaid Beach apartment development site listed

A 3,873sqm Mermaid Beach development site with approval for dual residential towers has been listed through CBRE.

The site has approval for two multi-storey residential towers of 47 and 49 levels.

It was known as the Elegance project when marketed by Hubei United Investment Group, a state-owned Chinese company.

There had been 120 sales when the marketing ceased in 2019.

Mermaid Beach

Elegance 2605 Gold Coast Highway, Mermaid Beach QLD 4218 

Located on the border of Broadbeach and Mermaid Beach on the Gold Coast, there are 522 apartments across two buildings.

The West tower includes 311 one, two, and three-bedroom apartments.

The East tower has 210 two-bed apartments.

Located at 2605 Gold Coast Highway, the site benefits from frontages to Mermaid Avenue.

CBRE’s Mark Witheriff, Daniel Doran and John Nucifora are taking offers until October 28.

The site sold for $34.1 million in 2016.

The approval was granted in October 2016 which expires in October 2024.


Article Source:

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Peet Plots 11-Storey Slender Mosman Park Tower

Plans for an 11-storey residential tower at Mosman Park are gathering support as the 48-apartment, transit-oriented development goes to public consultation.

Residential developer Peet Limited plans to develop the 1518sq m site at 8-10 Glyde Street as part of the Mosman Park Town Centre precinct, 14km south-west of the Perth CBD, to deliver greater density in the area.

The Klopper-and-Davis-designed development includes a three-storey podium and a “slender” tower to reduce visual bulk.

According to town planners Hatch RobertsDay, the vision for the site was to “deliver an exemplary mixed-use development” that would celebrate the character of the area.

“The proposed mixed-use development offers a highly activated ground floor to Glyde Street, the introduction of a public plaza space and integrated parklet with a podium-tower building typology that delivers human-scale development at the street level,” the design report stated.

“The team has recognised the importance of the subject site as an entry to Glyde Street, and in response the design intent is to move away from a shorter, bulkier building towards the development of a taller, slender building that provides a better response to streetscape context via the delivery of a three-storey podium.”

The apartment tower would include six one-bedroom apartments, 20 two-bedroom apartments, 16 three-bedroom apartments, and six penthouses as well as a three commercial tenancies on the ground floor.

 Mosman Park

▲ The proposed development received “strong endorsement” from the town’s Design Review Panel. Images: Klopper and Davis Architecture 

Two other mixed-use developments have won approval along Glyde Street: a seven-storey Fabric Property development at 38 Glyde Street, and NOMA, a nine-storey mixed-use development at 42 Glyde Street.

According to the design report, the building’s neutral colour palette would complement the heritage of the area.

“The buildings features, materials and colours complement the overarching historic theme reminiscent of the twine factory, existing wool shop and Mosman Park’s architectural identity,” the report stated.

“White textured face brick and the curved design of the podium reflect the interwar functionalist architecture of the nearby Camelot Cinema.”

Klopper and Davis said it would “[stitch] together the strands of pre-colonial, federation and mid-century influences into a single narrative for the town’s heart”.

The town is planning for a further 1600 dwellings by 2050 as part of the Perth and Peel @ 3.5 Million plan, and the Glyde Street Residences development would diversify housing and business opportunities within the Mosman Downtown precinct.

The planning proposal for 8-10 Glyde Street has been through its three design review sessions and, according to the design review panel, the “applicant has responded constructively to the feedback provided” and was now eligible for public consultation.


Article Source:

Continue Reading


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:

Continue Reading


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:

Continue Reading

Positive Cashflow Property

duplex designs, dual occupancy homes

Property Investment Advice

gold coast property management


website average bounce rate