A $290-million Gold Coast tower that underlines the trend for more space in apartments has been approved for one of the Glitter Strip’s main roads.
Plans for the Gallery Group’s 35-storey Chalk project on a 2064sq m site at 203-211 Surf Parade in Surfers Paradise were lodged with the Gold Coast City Council in August 2021.
The project will comprise 76 three-bedroom apartments, 36 of them with between 275sq m and more than 300sq m and priced from $2 million, from level six; and 24 two-bedroom apartments up to 119sq m, priced from $971,000.
The larger penthouse apartments start from $3.6 million and are on level 19 and above.
Local architects Raunik Design drew up the plans for the project, which has an average of 250sq m per apartment.
“We wanted to deliver a level of spaciousness and open-plan living that is typically unheard of in apartment living,” Barclay said.
“To put this size into perspective, the average Australian home is 235sq m—which are now the largest homes in the world.”
The move to greater space in apartments has been one of the by-products of the global pandemic, drive by a rise in owner-occupiers in prime sea- and tree-change destinations, with the Gold Coast among the most coveted locations.
▲ Gallery Group’s Chalk on Surf Parade has been green lit. Source: Gallery Group
“The desire for more space and a lifestyle shift during the pandemic rearranged many lives; we’re looking for bigger homes, more flexible homes and for some, a second home,” Colliers’ managing director of residential Peter Chittenden said.
“The now well-publicised popularity of many coastal and regional locations has shifted demand for a greater variety of suburban locations and a huge appetite for prestige locations, both homes and apartments.
“During the past six months, we’ve noted strong demand for larger quality apartments with sales above $10 million, at their highest level ever.
“While open borders will further boost CBD demand, we expect this level of high-end demand marks a new and timely level of sophistication.”
Chalk also includes a residents-only full floor with a gym, steam room, pool deck and pool, spa, barbecues, teppanyaki bars, fire pit and cabanas.
It will also have a business centre with boardroom and workstations, and an on-site cafe.
Article Source: www.theurbandeveloper.com
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