Henzell Property Group has moved quickly to lodge plans for a $100-million mixed-use project on a prime waterfront site in the heart of Caloundra as the local property market continues to outstrip greater Brisbane and even the Gold Coast.
The proposed development, between 133-143 Bulcock Street and 68-78 Omrah Avenue, would be built on a 6200sq m site bought by the developer in early June.
The residential and office project, known as Verre Caloundra, will combine “high-end” retail and dining at street level with 39 two- and three-bedroom apartments as part of the project’s 10-storey first stage.
A second stage will comprise a mirrored 10-storey building with 28 apartments, and an ancillary five-storey, 2700sq m medical and retail building at the rear of the site, to be known as Omrah Medical.
The site is currently occupied by the Suncourt Motel and is a large tract of vacant land that Henzell Property Group sales director Marcus Muir said would offer a unique opportunity to create a new entry statement for central Caloundra.
“We have had our eye on this property for some time, so what we have planned has been carefully considered,” Muir said.
“We feel this site, with the correct product mix, will be one of the most exciting launches the Sunshine Coast will see in 2021.”
The development will feature a 5m-wide pedestrian laneway from Bulcock Street through to Omrah Avenue.
Preliminary works have begun ahead of Henzell Property Group releasing apartments to the market.
If approved, construction would start in June, 2022 with the first stage expected to be completed towards the end of 2023.
Henzell has been a developer on the Sunshine Coast since the 1930s, pioneering canal estates and developing the Pelican Waters Golf Course, as well as numerous other residential communities within Pelican Waters including the Carlyle Terraces residential development in the marina precinct.
The developer’s latest project has been spurred on by the swelling sea-change trend, low interest rates and the state’s track record of low Covid-19 cases.
Henzell is currently in early works for a 226-apartment project at Pelican Waters to be developed over four stages.
The project builds on the masterplan for the coastal precinct, established by the Henzell and Ford families in 1989 on land that the families have owned since the 1940s.
The developer also recently sold out an exclusive release of luxury residences in the first stage of the $200-million precinct called The Cove.
All 15 homes were purchased, for a total of $12 million, further highlighting the appeal of high-end residences among owner-occupiers flooding the Sunshine Coast.
According to the Regional Australia Institute, the Sunshine Coast is predicted to be one of Australia’s fastest growing cities to 2030.
Current forecasts suggest the region would be home to 580,000 people in 2041, further intensifying land constraints and affordability issues in the booming region.
In order to cater to this growth, a Directive Collective property market update recently stated that the region would need one new suburb every year for the next 20 years to keep up with its surging population growth.
Residential developer Stockland is one of the most active developers currently building in the region.
Stockland is well under way on its $130-million Thrive Nirimba community, located within its $5-billion Aura masterplanned community in Caloundra.
The suburb, named Banya after the Bunya Tree, will compromise 4000 homes and townhouses when completed during the next 10 years, with 50,000 residents anticipated to move in.
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
- Real Estate6 years ago
Millions going into Brisbane homes with Asia boom 2.0 well underway
- Property Management6 years ago
7 Common GST Mistakes On Property
- Residential5 years ago
Ipswich Proves Frontier In Affordable Housing
- Market Place8 years ago
Affordable housing in Queensland coastal suburbs
- Residential6 years ago
Best Brisbane suburbs for rental returns
- Market Place4 years ago
Affordable acreage suburbs within 20km of the Brisbane CBD
- Infrastructure4 years ago
Decision on horizon for key marina section of huge North Harbour development at Burpengary
- Market Place3 years ago
Moreton Bay makes top 10 list of places to invest in property