Gold Coast apartment insights: What happened on the Gold Coast in February

The Gold Coast apartment market looks a little different to this time last year. However there is still a heap of activity, as developers continue to submit plans for future projects at council, launch developments, and kick off construction.

One of the biggest stories in February was the $500 million redevelopment plans of the popular Main Beach hub Marina Mirage, which will become a world class destination for the Gold Coast, with residential, retail, and a hotel planned.

We’ve also got news from Immerse Projects, along with ASF Group, Weiya Holdings, Iris Capital, Sammut Group, KTQ Group, Frank Developments, MRCB and Siera, who are all set to descend on the popular Garfield Terrace.

First look exclusive: Raptis to chop 17 levels off The Sterling, Broadbeach apartments

Veteran Gold Coast apartment developer Raptis considerably altered its plans for their new Broadbeach apartment tower.

Raptis secured development approval for the Koichi Takada-designed The Sterling at 6-8 George Avenue in December last year.

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But a mix of changing market conditions and continually growing construction costs saw the plans altered to get the project in market sooner.

“The approved design, which was first conceived over two years ago, has been subject to detailed investigations in terms of marketability and constructability,” the minor change submission to the Gold Coast City Council noted.

Inside look: Residential opportunity at new $500 million Marina Mirage, Main Beach redevelopment

The Marina Mirage, the longtime hub of popular Gold Coast beachside suburb Main Beach, is set for a $500 million redevelopment by its owner, South Australian shopping centre tycoon Con Makris.

Makris, who has owned the Marina Mirage at 74 SeaWorld Drive, Main Beach, since 2013, filed plans for a full redevelopment which will turn it into a world-class destination for both Australian and international tourism.

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There’s a limited opportunity to buy into the exclusive project which fronts SeaWorld Drive, Palazzo Versace, Mariners Cove and Broadwater.

As well as an extensive retail and dining precinct and a 110-room hotel, which will come with all the trimmings expected of a high-end hotel, on offer will be 44 apartments and 46 villas. 

Construction begins on Rhythm, Kirra Hill apartments

Greyburn Building Contractors is moving ahead with construction on Immerse Projects’ boutique residential apartment project Rhythm Kirra Hill, following a solid take-up from buyers eager to get into the tightly held southern Gold Coast market.

It’s the first mutli-res tower in the southern Gold Coast for Immerse Projects, who have focused previously on residential estates and terrace developments in the hinterland.

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Rhythm Kirra Hill, at 30 Garrick Street, will comprise 40 coastal-inspired apartments across a seven-level building, within walking distance to the white sand of Coolangatta’s and Kirra’s world-class beaches.

The selling agent for Rhythm Kirra Hill, Jayde Pezet of Pezet Matheson, said construction comes hot off the back of strong enquiry for the project.

$1 billion apartment development pipeline to transcend Garfield Terrace

Sydney-based, ASX-listed ASF Group are onto their next project along Garfield Terrace.

Having previously seen success at the nearby The AU, they’ve recently launched Aura on the Beach at 59 Garfield Terrace, just 26 full-floor residences and a single multi-level penthouse, one of the largest on the beachfront.

The 31-level tower offers a unique point of difference to other projects, sitting on one of the only corner blocks on the exclusive street with the beach entry just steps from AURA’s front door.

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Also offering a point of difference due to its site is AALTO, the new project from Sydney’s Weiya Holdings, another who has already cut their teeth in the local market with DE-LUXE in Burleigh Heads.

Iris Capital, who are developing the $800 million Victoria & Albert mixed-use precinct on the site of Broadbeach’s famed Niecon Plaza, are awaiting to launch their beachfront project 71 on Garfield, which will have 51 apartments across 38 levels. 

“Identifying a gap in the market” – Florian, Surfers Paradise sign on builder, hit 30% sold

Late last year national apartment developer Pacifico Investments launched Florian, after seeing a gap in the Surfers Paradise apartment market that didn’t hit the mark for a lot for owner-occupiers.

A few months later, the project is 30 per cent sold, and Pacifico nailed their target market.

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“Most of the buyers have been local owner-occupiers,” Pacifico Director Carl Knaggs says.

“We really hit a gap in the market where owner-occupiers were priced out of the real boutique, luxury apartment blocks on the beach, and didn’t want to reside in a high density tower.

The design behind Aniko’s Hope Island residences, Athena Quays

Aniko, a leading developer in the architecture industry, has once again demonstrated its commitment to modernism and practicality with its latest residential project, Athena Quays.

Located on Hope Island, Athena Quays boasts 177 luxurious apartments that showcase Aniko’s expertise in both design and functionality.

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Designed by the architects at Archidiom, the facade of Athena Quays embodies a balance of luxury and cutting-edge design, while the interiors are infused with a mix of elegance and practicality.

With state-of-the-art amenities, tasteful design details, and ample natural light, the spacious apartments provide residents with a modern and sophisticated living experience.

Belvue Broadwater to launch after council approval

It’s full steam ahead for the recently approved Belvue Broadwater, the luxury $130 million tower in Runaway Bay on the Gold Coast.

A builder is expected to be announced shortly, after the project was given the green light earlier this month. Construction kick off is slated for the second or third quarter for this year, Monaco Property Group Director Jonathan Grasso said.

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Belvue Broadwater will be the first residential tower to be built in Runaway in over three decades, also offering the last east facing, absolute waterfront high rise opportunity in the suburb.

The Plus Architecture-designed tower will have 31 full floor apartments across 31 levels, as well as three tri-level fully detached houses within the gated estate which will feature a host of resort-style amenities.

Article source: Queensland Property Investor