“There is no doubt that Burleigh Heads is the hottest market in Australia right now, and it’s a place we have to be in,” Tim Gurner says.
Tim Gurner’s multi-billion dollar development firm, GURNERTM, has secured its second Gold Coast apartment development site.
Alongside leading real estate financier, MaxCap Group, the duo has grabbed a 1012 sqm site at 1929 Gold Coast Highway, Burleigh Heads, with the intention of creating a 22-level luxury tower.
The $120 million project, which will see 80 apartments created and high end amenity located on the rooftop, will be designed by Gurner’s go-to architect, Warren & Mahoney, who handles all of Gurner’s projects both in Melbourne and on the Gold Coast.
“There is no doubt that Burleigh Heads is the hottest market in Australia right now, and it’s a place we have to be in,” Tim Gurner says.
“Following on from the incredible revitalisation that Chris Vitale is bringing with the Mondrian, we want to be able to enter the market and offer buyers all the amenity on offer in the area with residences that are attainable for local buyers.”
The Burleigh Heads site will be centred around the concept of a Singaporean landscape oasis blended with elegant Japanese design, culminating in a lifestyle-led ultra-luxury precinct that also boasts GURNERTM’s signature resident amenities.
Warren and Mahoney design principal, Barrington Gohns, says the design at Burleigh Heads reflects the unique character of this thriving sub-tropical oasis – being both relaxed and refined.
“The architecture focuses on delivering private sanctuaries that reflect and meld with the coastal environment,” Gohns says.
“This connection to water influences the building’s façade and character. Materials have been employed to create a fresh, bright, and coastal feel, featuring natural elements of stone and timber surrounded by lush vegetation.”
A development application is expected to be lodged to council in the next few months.
GV Property Group agents Antonio Mercuri and Luke Reaby amalgamated the apartment complex last year, which consisted of seven individually owned apartments from local and international investors. They said the competition for the site was a fierce between local and interstate developers and received multiple offers for the site. It was one of their 30 development sites to developers across the Gold Coast in 2021.
“We’re excited to see well renowned interstate developers see opportunities in popular pockets such as Burleigh Heads and look forward to seeing an alternative level of design and luxury to the area,” Mercuri said.
GURNERTM and MaxCap have a formidable track record of partnering together having completed over 20 transactions with an end value of ~$1.5 billion in the past decade.
MaxCap Group executive director and founder, Brae Sokolski, said MaxCap’s philosophy has always been to partner with only the highest calibre developers in the Australian market.
“Tim Gurner most certainly fits this bill and we are incredibly proud of our long sustained track record of success with Tim and his team,” Sokolski says.
Article Source: www.urban.com.au
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