The new tower at 39-41 McLean Street, which will see more affordable stock than what’s currently on offer, will rise 19 levels and home 63 apartments
Kirra Beach has emerged as one of the hottest spots on the Gold Coast in the last 12 months.
There’s been a number of boutique apartment projects, targeting the high-end owner-occupier market, with little in the way of more affordable stock.
The new tower at 39-41 McLean Street, which will see more affordable stock than what’s currently on offer, will rise 19 levels and home 63 apartments, made up of 28 two-beds, starting from 85 sqm of internal space, and 35 three-bedroom apartments which start from 110 sqm.
It sits next door to the old Jazzland Dance Palais which Melbourne developer BeckDev are seeking to turn in to apartments.
BDA drew inspiration from Manhattan’s Flatiron building. Image credit: BDA Architecture
Crowning the new McLean Street project will be a rooftop pool, gym, lounge and kitchen area, and indoor and outdoor dining spaces. The development will be anchored at street-level by a cafe.
BDA Architecture, who handled the design, said in their submission to the Gold Coast City Council that the attributes of the site suggest that it is an ideal location for affordable residential accommodation.
“The design proposal is to create a building form that accentuates the junction of McLean and Musgrave Street providing elements that welcome people to the heart of Coolangatta,” the submission by lead architect Christopher Cumming read.
The proposed ground-level retail space. Image credit: BDA Architecture
The development was submitted by a company linked to John Kearney, who is a director at the Southport-based building firm Greyburn. Currently on the site is the disused surf shop, Sunhouse.
Kirra Beach has been one of the hottest markets on the Gold Coast since December last year when Miles Residences, the development by KTQ, was launched. The $450 project, part of the redevelopment of the iconic Kirra Beach Hotel, snappily sold out stage one, with future stages to be released early next year.
The quick sell-out of Joe Adsett’s Rockpool by Rainbow Bay quickly followed, without any need for marketing. Marquee Developments Partners also didn’t need any marketing to sell out their SOL Kirra Beach recently.
Hirsch & Faigen’s luxury Emerson development on Musgrave Street has been in high demand, with the luxury, mostly whole-floor, development now over 60 per cent sold.
Emerson Kirra 100 Musgrave Street, Coolangatta QLD 4225
Cru Collective also has a luxury project around the corner, with SUR Kirra Beach apartments selling for over $4 million each.
There are a few opportunities in the pipeline though for more affordable apartments in the area.
Just a few doors down from the new tower will be Melbourne developer BeckDev’s Palais Coolangatta, a redevelopment of the old Jazzland Dance Palais that has stood on a 2,355 sqm McLean Street site since the 1930s.
That will see175 one, two and three-bedroom apartments built, as well as resident facilities and a street-level plaza with retail space.
Also in the area on Eden Avenue will be the development by joint venture partners Steer Developments, Kingbella, and Capdev, who are seeking to build 94 apartments as well as a handful of two-storey beach houses.
Article Source: www.urban.com.au
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