The pandemic has put lifestyle aspirations sharply into focus, driving a wave of development across the Gold Coast.
Developers have rushed projects to the market in the past six months to capitalise on a booming property market.
According to consulting firm Urbis, apartment sales ballooned 97 per cent in the final quarter of 2020 as interstate buyers jostled with Gold Coast owner-occupiers.
Momentum has also accelerated post-Christmas with developers reporting that some luxury projects launched in December are almost sold out despite premium pricing.
The average price per apartment reached $972,000 in late 2020, compared to $785,000 in 2019, $751,000 in 2018 and $698,000 in 2017, Urbis data shows.
The city’s population was forecast to top 1.2 million within 20 years before Covid-19 effectively halted migration in March, 2020.
Take a closer look at the most important city-shaping development projects currently shaping the Gold Coast.
The Star Gold Coast
The Star Entertainment Group’s $2-billion mixed-use residential and hotel towers at Broadbeach Island are well under way.
The project, located at 1 Casino Drive in Broadbeach, is being overseen by Destination Gold Coast Consortium, a tie-up between The Star Entertainment Group and its two partners, Chow Tai Fook Enterprises and Far East Consortium.
The project’s first stage, Tower One—due for completion in 2022— features 423 apartments and a 316-guest room Dorsett hotel above a 12,000sq m podium with 3600sq m of retail space.
The second stage of The Star Residences, the 63-storey Epsilon, will house 457 residential apartments, a 5-star hotel, expected to be a Marriott brand W Hotel, and retail offering of fine-dining, gourmet delis, cafes and wine bars. It is due for completion in 2024.
Once operational, The Star Gold Coast will be Australia’s first integrated multi-tower resort, with nearly 1200 hotel rooms, suites and 900 residences across four towers.
• Tower One designed by DBI Design and Cottee Parker Architects
• Tower one delivered by Hutchinson Builders
• Tower two delivered by Multiplex
272 Hedges Avenue
Brisbane-based Sunland Group is closing in on completing a 44-storey residential tower on the Gold Coast’s “Millionaires’ Row”, Hedges Avenue.
When realised, the $250-million residential tower will offer 98 units and 213 parking spaces.
According to Sunland, more than 90 per cent of the project’s apartments have already been sold, primarily to local owner-occupiers.
The 1821sq m waterfront site, at 272 Hedges Avenue in Mermaid Beach, was originally snapped up by Sunland for $13.4 million in June 2017, with the developer breaking ground on the high-rise tower late 2018.
• Designed by Contreras Earl Architecture
• Being delivered by Hutchinson Builders
Coast by Sammut Group
Sammut Group and Sydney-based investment firm Alceon Group have plans in front of the Gold Coast City Council for a $200-million residential tower in central Surfers Paradise.
If realised, the development will be the first luxury tower built in Surfers Paradise since Bezzina Group’s Jade was completed nearly 15 years ago.
Sammut Developments has a record of producing high-end beachfront developments, with the Surfers Paradise project’s name deriving from their flagship Cronulla project on Sydney’s southern shores.
The 35-storey, 39-apartment tower will sit alongside the Northcliffe Surf Life Saving Club and will boast a three-level penthouse spanning more than 1000 square metres.
The development, to be build across a 1600sq m site, will include a range of residential amenities including a wrap-around infinity pool, sky gardens, gym and sauna, beachfront entertainment rooms and barbecue entertainment spaces.
• Located at 43 Garfield Terrace
• The tower will replace the existing 10-storey apartment block
332 The Esplanade
Plans for a 14-storey, Cottee Parker-designed tower, backed by Gold Coast developer Anthony Gordon and builder Paul Younan, are pressing ahead.
The $140-million development, known as Reef Palm Beach, sits on a 3304sq m site at 332 The Esplanade, also in Palm Beach.
Plans propose 76 apartments across 13 levels plus two basement levels of car parking space.
Gordon and partners picked up the beachfront site in September, 2020 for $21 million from healthcare group Regis after it abandoned its plans for an eight-level aged-care building on the land
Subject to approvals, the project will be launched in mid-year with construction due to commence in August with a late 2022 completion planned.
• Nearly 50 per cent of the site is earmarked for green spaces
• Offering a mix of two, three and four-bedroom residence
• The development will also feature five beachfront beach houses
Azzura Group has plans to build the southern hemisphere’s tallest towers, a 108-storey super-tower in the heart of Southport as part of a $2.3 billion four-tower complex.
The completed development, planned for a 1.34ha Meron Street site currently home to the Mercato on Ferry complex, will contain 1600 dwellings and more than 40,000sq m of commercial and retail space.
The development will feature the 18-level Regal Residences, which will have 145 apartments including two rooftop penthouses, and a four and a half star hotel with 200 suites, a two commercial towers the 48-level Monarch Place and 68-level Imperial Tower.
The development’s fourth tower, Majesty, a 108-level super-tower, if realised will become one of the world’s tallest towers.
• The project will be built over four stages
• Will create 3000 jobs during its construction phase
• Will create a further 2600 full-time jobs once completed
Queen Street Village
The former Gold Coast Hospital site will be transformed into a $500-million mixed-use lifestyle development, being delivered by developer Property Solutions.
The masterplanned development is being built on a 3.2ha triangular site bound by Queen, Nerang and Little High streets.
The development is currently one of the biggest single projects in south-east Queensland and will feature everything from a unit tower targeted at students rough to a two-tower vertical retirement village, cinema, hotel and shopping centre.
• Being delivered by Hutchinson Builders
• Designed by Buchan Group
• First stage expected to open in mid-2021
The Lanes Residences
Construction of Sunland Group’s $1.6-billion first stage is nearly done with the finishing touches being put on its two towers.
Located in the 42ha hectare masterplanned community of The Lakes in Mermaid Waters , it will include four residential towers between 10 and 12 storeys that will overlook the newly-named “Lake Unity” and ground level retail.
Each of the buildings will have 70 to 80 apartments, with a mix of one-, two- and three-bedroom luxury units and penthouses while the masterplan will also feature a retail village, parklands and a community green space.
Apartments in the first stage of the development, known as the “East Village’’, are scheduled for completion mid-2021.
• Sunland first unveiled the project in December 2018
• Designed by Contreras Earl Architecture
Brisbane-based Spyre Group’s $77-million Natura project will rise from a 1011sq m site located at 112 The Esplanade, Burleigh Heads.
The development will comprise 33 apartments over 18 storeys, with 16 levels of half-floor apartments and one ground floor terrace unit.
It will replace an existing mid-level apartment building developed by Mimi Macpherson, the sister of Australian supermodel Elle.
Among the offerings at Natura will be a “beach house”, a dedicated wellness space and a range of residential amenities including a resort-style pool, and an outdoor dining area.
• The developer purchased the site for $16 million
• Plans were submitted in late 2019
• Designed by Bureau Proberts
Development plans are in place for a 32-storey project at the Gold Coast’s Main Beach with apartments priced from $2.2 million.
Polites Property Group and Descon Group Australia are behind the project in a 50/50 joint venture partnership.
The $95-million tower, called La Mer, would comprise 29 full-floor, three-bedroom residences.
The Main Beach site is currently occupied by a 1980s three-storey building with carparking at ground level.
• Located at 3580 Main Beach Parade
• Designed by Contreras Earl Architecture
• Construction expected to commence May 2022
Harry Triguboff’s Meriton is forging ahead with its plans for a 76-storey residential tower on The Esplanade in the heart of Surfers Paradise.
The 722 apartments in Ocean will include 319 operating as serviced apartments under Triguboff’s Meriton Suites brand and five penthouses.
The development will have three levels of basement and the tower will sit on a five-level podium, with the top level housing a recreation area that will include a pool, spa, fitness courtyard, and barbecue area. A residents’ indoor pool will be included on level 32.
• Located at 84 The Esplanade
• Meriton paid paid $58 million for the site in March 2017
• Designed by Meriton in tandem with SJB Group
A new 35-storey tower rising on the Gold Coast skyline is Signature Broadbeach, the new project from Melbourne-based rich-lister-turned-developer Paul Little.
The $210-million, 245-unit luxury tower is one of the biggest under construction on the coast and has already chalked up sales on more than 184 of its units.
Interior design was handled by leading Australian design firm SJB Interiors, who were inspired by Broadbeach’s natural landscape.
At the building’s podium level will be a family-friendly entertaining space which includes a barbecue and teppanyaki grill area, large outdoor lawn area, a private dining room, a lounge, theatre, gym, steam room, sauna and spa.
• Located at 12-18 Philip Avenue
• Designed by Rothelowman
• Being delivered by Icon
• The project is due for completion in the first half of 2022
Kirra Beach Hotel
The old Kirra Beach Hotel will make way for two apartment towers and a boutique hotel as part of $380-million redevelopment plans by Brisbane-based KTQ Group for the site at the southern end of the Gold Coast.
To be built over three stages, the redevelopment’s first stage includes a 15-storey tower comprising 118 luxury residences aiming to tap the owner-occupier market.
The first stage of the popular pub’s transformation also includes a second hospitality venue, and a complete rebuild of the Kirra Beach Hotel.
The site’s second stage includes a 10-storey residential tower and a boutique hotel as part of the third stage.
• Construction expected to commence mid-2021
• Completion expected late-2023
Brisbane-based S&S Projects is pressing ahead with a 12-storey development on Rainbow Bay’s Petrie Street.
The tower will feature 22 luxury units with price points ranging from $1.1 million up to $10.5 million for the penthouse.
The final $3.15 million unit sold less than 12 weeks after the project was put to the market in mid-2020.
The luxury three-bedroom, half-floor “oceanic” apartment overlooks Snapper Rocks and came on top of $70 million in sales recorded during the first two months of the campaign.
• Designed by Cottee Parker Architects
• The existing building on the site was demolished in November
Sydney-based developer Weiya Holdings has plans to transform the historic Burleigh Theatre building on the Gold Coast into a residential and commercial precinct.
Weiya purchased the 1667sq m site for $18.5 million midway through 2019 and lodged plans to develop the site a year later.
The 14-storey tower will be called the De-Luxe Apartments after the mid-century De Luxe Theatre and Old Burleigh Arcade, which were incorporated into the design.
The 90-year-old building—a popular cinema and dance hall from the 1930s—was remodelled in 1955 and again in 1976, with most of its original fixtures removed.
• Located at 64 Goodin Terrace and 1823 Gold Coast Highway
• Designed by Conrad Gargett
Gold Coast property developer Jim Raptis has lodged a development application for a high-rise apartment tower at Broadbeach.
Raptis, under the entity Patmos Development Management, wants to build a 40-storey tower comprising 134 apartments on a 1550sq m site.
If realised, the building at 6-8 George Avenue would overlook Surfers Paradise and Broadbeach and be 155.5m high.
The site, currently occupied by a low-format, two-level building, sits within the high-density residential zone and is also identified within a frame area of the light rail urban renewal overlay.
• Designed by Koichi Takada
5 First Avenue, Burleigh
Nielson Properties has teamed up with Chris Vitale of Brisbane’s Pointcorp group to develop a $350-million development in Burleigh Heads, which comprises a 132-key luxury hotel and 92 residential apartments.
The existing unit blocks will be demolished to make way for the two 23-storey towers, which include a three-storey podium structure and 394 car parks over three-levels of basement car-parking.
The developers have signed a heads of agreement with a five-star hotel brand—which has hotels in New York and Los Angeles—to operate the purpose-built 242-bed hotel and marks the brand’s entry into the Australian market.
The hotel would include a ballroom, conference and event centre, business centre, several restaurants and bars, and a children’s centre.
• Nielson Properties purchased the site for around $22 million
• Designed by Elenberg Fraser
• To be built across 4000sq m site
9-11 Thornton Street, Surfers Paradise
Jinding Developments has recently acquired a residential development site at Surfers Paradise, marking its expansion into Queensland.
The 1012sq m site at 9-11 Thornton Street was acquired for $4.6 million from GV Property Group, and will be transformed into a $75-million 27-storey building with more than 120 apartments.
With the development currently in the design phase, proposed features include a wellness centre on the ground floor that offers a lap pool, gym, yoga spaces, and sauna.
Smart technology is planned to be implemented throughout the building for improved quality of life and convenience, including keyless entry, number plate recognition car park entry and electrical charging station for electric vehicles.
• Designed by DKO Architecture
• Construction is expected to commence in early 2022
• Completion expected by early 2024
No. 1 Grant Avenue
Gold Coast-based Aniko Group is close to completing its $140-million “resort-style” residential precinct on Hope Island.
Aniko Group, led by George Mastrocostas, plans to deliver 210 apartments for the 1 Grant Avenue address, which spans an 8390sq m waterfront site.
The developer reached a compromise over original plans for the apartment project after taking the Gold Coast City Council to court.
• Aniko Group acquired the site for $4 million in December 2017
• Originally approved in December 2018
• Construction is expected to be completed by late-2021
Homecorp Property Group will break ground on the Gold Coast’s first dedicated build-to-rent (BTR) project after securing funding for the $200-million development from ANZ.
The project, set to comprise buildings ranging from nine to 16-storeys and feature a mix of one and two-bedroom units, will sit as the Gold Coast’s first dedicated build-to-rent project.
All 389 residences on the 3ha site at Varsity Lakes, next to Bond University, will be offered as permanent rentals to the market and operated under single ownership under the BTR model.
The first stage of 257 apartments over two towers is expected to take its first tenants early in 2022.
• Backed by Morgan Stanley
• Four towers ranging in height from 9 to 16 storeys
• The development will be constructed in two stages
Dawn by Mosaic
Mosaic’s fourth apartment development on the Gold Coast is located in Mermaid Beach.
The $112-million 85-unit tower, dubbed Dawn, will be built on Peerless Avenue where Mosaic is constructing the sold-out 26-level Bela project due for completion in the middle of this year.
Apartments, ranging in size from 106sq m to 166sq m and featuring “expansive” cantilevered balconies, start from $750,000 for a two-bedroom apartment with the three-bedroom units priced from $1.37 million.
A residents’ lounge will be located on level nine with a private dining room, kitchen, wine cellar and tasting room, lounge area and outdoor terrace with teppanyaki bar.
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
Bensons appoint ICON to build luxury Chevron Island apartment tower, Chevron One
Chevron One, the luxury apartment tower on Chevron Island, is one step closer, as the Melbourne-based developer Bensons have appointed the well regarded and experienced construction firm, ICON, to build the 41-level building.
Construction will begin October 11 on what will be the only high-rise on the island, with the build expected to take just over three years to complete. Bensons are aiming for completion before Christmas 2024.
ICON are one of Australia and New Zealand’s largest and most experienced construction providers. Currently that have over 75 buildings under construction, including the sell-out Signature Broadbeach tower nearby.
They’ve previously built the modern Auckland apartment, retail and hotel tower, The Pacifica, and recently signed off on the luxury Circular Quay, Sydney apartment development, The Harrington Collection.
On the appointment, Bensons Property Group Managing Director Rick Curtis said “For us, it’s about selecting a builder who is able to not only execute our commitment to the design, quality and timely delivery of Chevron One, but one that can do so in a way that reflects our company mission to deliver exceptional living, whilst making a positive contribution to local communities”.
Luke Young, ICON Director of QLD, WA and NT, called Chevron One a landmark project for the Gold Coast.
“ICON are proud to be partnering with Bensons for the construction of the project of such significance. Bensons have an established reputation of developing high quality apartments, which is something that we pride ourselves on being able to offer,” Young said.
“We are excited to be underway.”
Chevron One is the vision of the Bensons chairman, philanthropist and art patron Elias Jreissati, who spends a considerable amount of time each year on the Gold Coast with his wife Colleen.
He wants to create an offering that epitomises understated luxury that Melbourne is accustomed to, combined with uninterrupted panoramic views over Surfers Paradise, all within an exclusive island location.
Bensons has just released their Daylight Sky Homes collection, occupying the upper levels of the tower, with the best, never-to-be-built-out views of Surfers Paradise. They start from $1.5 million, and range up to $15 million, the price tag for the huge 1,000 sqm sub penthouse.
They held back the apartments, but there has been such demand for luxury, larger apartments in the area.
Jreissati will be hanging on to the penthouse, the largest ever created on the Gold Coast spanning nearly 2,000 sqm.
Designed by global architecture practice Marchese Partners, Chevron One is built on the principle of a strong integration between indoor/outdoor living, with oversized balconies one of the key liveability factors.
There’s around 2,000 sqm of resident amenity, including two pools (one an outdoor lagoon style with a floating cinema and one indoor), an indoor/outdoor beach, a gym, a number of spas, a residents lounge with BBQ area and an outdoor sun-lounge on the podium level.
Article Source: www.urban.com.au
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