We’ve had a look at some of the best penthouses on the market from the south of the Gold Coast in Coolangatta to Surfers Paradise and Chevron Island
One of the biggest trends in 2021 was developers going above and beyond to make sure their development was crowned by a luxury penthouse, with the majority expecting to see a sale in the double digits.
Given the shift in demand from one-bedroom holiday makers to the three-bedroom plus owner-occupier market, developers are ensuring there’s high end penthouses or sub-penthouses, even in high density projects.
We’ve had a look at some of the best penthouses on the market from the south of the Gold Coast in Coolangatta to Surfers Paradise and Chevron Island.
Sea, Burleigh Heads
Price: $16 million
There’s a $16 million price tag on the two-level penthouse crowning Forme’s Koichi Takada-designed Sea, facing Burleigh Beach on The Esplanade.
The two-level space, with 825 sqm of space, one of the largest produced in Burleigh, has six bedrooms, six bathrooms, a gym, office and library, multiple kitchens and entertainment areas and a theatre.
There’s a staircase leading to the exclusive rooftop, kitted out with a swimming pool, sun deck and alfresco kitchen.
“It’s our best penthouse ever produced”, Forme managing director David Calvisi says.
Forme has had great success in the luxury apartment space, selling the penthouse in their nearby Norfolk, Goodwin Terrace development for $9 million, the most expensive apartment south of Mermaid Beach to settle.
Koichi Takada also handled the design of Norfolk, which was a hit across the country. The curved facade even became one of the famous Bondi-based Aquabumps prints, going viral on Instagram and being featured by design blog Dezeen.
Project: Emerson Kirra
Developer: Hirsch & Faigen
Price: $8 million
Emerson at Kirra Beach, the second Gold Coast development by the Melbourne-based developer Hirsch & Faigen, is crowned by an impressive $8 million, full floor space.
Spanning 494 sqm including terracing on the 14th level, the penthouse will have four bedrooms, including a master suite with walk in wardrobe and an ensuite with double shower and double vanity.
It will feature over three metre ceilings and windowed walls offering unrivalled views across the ocean and distant Gold Coast skyline, as well as two living spaces.
Project: The AU, Surfers Paradise
Developer: ASF Group
ASF Group netted a near $9 million buyer for one of their tri-level penthouses. There are two penthouses in the boutique block of just 16 on The Esplanade, just across the road from the beach.
Offering nearly 480 sqm of space, ASF Group offer a number of customisation options for the penthouse. There’s potential for the third level to become an ocean view master suite, although the plans are already for four bedrooms.
ASF Group Marketing Director Daniel Fang said there’s options for a yoga or meditation room, with full-width views of the beach. That or a cinema room, or even a private gym, are other options.
The penthouse starts from level 17 and has a separate private lift within to access the higher levels. Offering 16m frontage directly facing the ocean, the penthouses feature four bedrooms with the second level having the option of including a lap pool.
Project: Chevron One
Developer: Bensons Property Group
Price: $15 million
Late last year the Melbourne-based Bensons Property Group released their higher levels to the market of their Chevron Island tower, Chevron One.
To be the only true high-rise tower on Chevron One having been approved before stricter height limits were set on the exclusive Gold Coast island, Chevron One will soar 41 levels in to the sky.
The special penthouse crowning the development isn’t actually for sale. That two-level space, spanning levels 40 and 41 with nearly 2,000 sqm of living space, the Gold Coast’s largest ever penthouse, will be retained by Bensons Property Group’s Chairman Elias Jreissati.
But the subpenthouse, spanning nearly 1,000 sqm of space, is up for grabs. Priced at just shy of $15 million, the penthouse will have five bedrooms, five bathrooms and garaging for four cars.
Developer: Bottega Group
The boutique 13-apartment Broadbeach development, 123OBR, is capped with a sprawling two-level penthouse, with 529 sqm of internal living space.
Bottega Group Director Nick Malloch says 123OBR’s penthouse is the ultimate experience of luxury beachside living on the Gold Coast.
“123OBR’s penthouse is a unique opportunity in that every element of the design has been carefully curated to speak to the opulence and intrinsic beauty of Gold Coast living at its very best,” says Malloch. Elegant gallery wall corridors, floor to ceiling glazing in the living and dining space, a feature fireplace and oversized master retreat complete the experience.
Project: Miles Residences, Kirra Beach
Price: $16.75 million
Last year KTQ sold out Miles Residences, all 118 apartments in their first stage of the $350 million redevelopment of the Kirra Beach Hotel. But they saved something special for 2022.
They’ve just launched the two-level penthouse, with a price tag of $16.75 million.
The 760 sqm split-level penthouse will be made up of five ensuited bedrooms, a state-of-the-art gym, home office, three living areas, and a study.
The heart of the heart of the home if the open plan kitchen, living and dining area, which also homes a bar.
The penthouse also features a rooftop entertaining deck, accessed by private lift and featuring a private pool, as well as offering unobstructed views north across Kirra Beach to Surfers Paradise and south to Snapper Rocks.
Project: DE-LUXE, Burleigh Heads
Developer: Weiya Holdings
Price: $23 million
The priciest penthouse to hit the market last year was the sprawling apartment atop the 14-level DE-LUXE in Burleigh Heads.
They Sydney-based developer Weiya Holdings, who are transforming the Old Burleigh Theatre in to 28 apartments and two beach houses, slapped a $23 million price tag on the 1,200 sqm of space, which will have six bedrooms.
There will be a number of living areas, a walk-in wine cellar and whisky room, a luxury cinema, expansive library, a sauna and steam room, a private gym, and a sky garden feature.
One of the most striking features will be the glass pool next to the living space.
Patrick Pancur has been handling the sales at DE-LUXE, which is all but sold out.
Article Source: www.urban.com.au
Why it’s all about Broadbeach in 2022
The central, always in demand Broadbeach is the next Gold Coast hotspot set to see a wave of new apartments.
It’s been one of the busiest spots in 2022 already, with a number of prominent developers, both local and interstate, seeking to build apartment towers in the sought-after spot south of Surfers Paradise.
Mosaic Property boss Brook Monahan says Broadie is the centre of the Gold Coast now.
“A lot of people talk about Surfers Paradise in the Gold Coast as the hub, but really for actual residents, it’s definitely Broadie,” Monahan said.
“Surfers is heavily weighted toward investors, whereas Broadie is very much a local market, either local owner-occupiers or those with a secondary home.”
Monahan says there’s a lot of nostalgia to Broadbeach for a lot of residents in South East Queensland.
“It’s a very nostalgic place for a lot of people who would have come to Broadbeach and holidayed as kids,” Monahan says, adding that the walkability factor puts Broadbeach ahead of other Gold Coast suburbs.
“You can walk to 75 coffee shops/resultants, the light rail, or the surf club in minutes, as well as being on the doorstep of Pacific Fair shopping centre and the casino, which makes it one of the most appealing areas up and down the coast.”
This year Mosaic will launch their first luxury Broadbeach project to the market.
The 29-level tower, designed by Plus Architecture at 146 Surf Parade, will have 96 apartments, starting from large two-bedders, some with multi-purpose rooms, to three-bedroom apartments and skyhomes.
Broadbeach was a no brainer for the Sydney-based Iris Capital’s first Gold Coast apartment development, Victoria & Albert.
“It was the first and only location that I would consider undertaking such a spectacular residential/resort with coastal luxury as its core design focus,” Iris Capital Chief Executive Sam Arnaout says.
“Only Broadbeach and this current Neicon Plaza redevelopment site offered us the opportunity where everything is at our buyers fingertips.
“Choosing Broadbeach as the address for our V&A project in the lively heart of its dining and retail precinct has allowed us to put our brand on our first luxury foray into Queensland,” Arnaout says.
David Higgins, Colliers Director of Residential who is handling the sales at V&A, says Broadbeach is recognised as the heart of the Gold Coast lifestyle precincts.
“The walkability of the location to over 30 restaurants, GC Convention Centre, Pacific Fair, The Star Casino, the Beach and Kurrawa SLSC makes it the most lifestyle rich village locations to undertake a premium development,” Higgins says.
“Being from Sydney, I often think that Broadbeach is our Double Bay with the dining, high end retail, laneway cafes, beautiful Kurrawa parkland, the beach, and the amenity that is uniquely Broadbeach all within five mins walk.”
Evan Raptis, co-Managing Director of the family-ran Raptis Group, says that while economic conditions have been good, Broadbeach has been among the most sought-after addresses in Australia.
“The pandemic has made a lot of people reset their priorities: with a laptop and good WiFi, they can live where and how they want, and that’s underpinning much of the demand for Broadbeach right now.”
Raptis has had a longstanding connection with Broadbeach, developing projects in the suburb for over four decades, their most recent being The Gallery Residences, completed late last year.
They have a solid work book in the area too, with plans in 2022 to launch three projects; a 40-level Koichi Takada-designed tower dubbed The Sterling at 6-8 George Avenue, a 41-level tower on Chelsea Avenue, and a 35-level tower at 5-9 Anne Avenue.
Raptis says the buyer demographic is quite eclectic, which is representative of all the different amenities that Broadbeach offers.
“There are a lot of young professionals in the suburb as well as a lot of early-stage retirees. We’re seeing a lot of interest for three-bedroom apartments. Young professionals are seeking a third bedroom for when they may start a family, while retirees want to have the space for the children and grandchildren to visit,” Raptis says.
“But beyond age groups, the common bond between buyers is their interest in leading a healthy life. Parks, bike and walking trails and the beach are all outside the doors of residents, keeping them fit without the need for a gym membership.”
The local developer Anthony Quinn of QNY Group, who is plotting a boutique owner-occupier tower on his recently acquired 511 sqm block at 21 Broadbeach Boulevard, says Broadbeach is the live, work and play Mecca of the Gold Coast, which is endorsed by its number one ranking walk score.
“Broadbeach has always been in demand,” Quinn says.
“Through each good property cycle Broadbeach delivers a large share of the projects for the Gold Coast.”
Quinn says it’s not so much about Surfers, but more about what each of the suburban pockets offer.
“Both Main Beach and Broadbeach are unique in their offering and cater to different demographics and markets,” Quinn says, adding that the buyers are a healthy mix of downsizers and young professionals, with a strong market for owners and renters
A recent entrant to the Broadbeach market is the Brisbane-based West Homes.
West Homes Director Brett Kennedy says they chose that part of town because it has always had higher quality apartment buildings, great access to the beach, restaurants, Pacific Fair, and a much quieter and calmer pace of living that Surfers doesn’t offer.
“There’s less tourist trade in Broadbeach, and a lot more owner-occupiers,” Kennedy says. “People actually live there, they’re not just visiting like most of the Surfers Paradise market.”
Kennedy grew up on the Gold Coast, and has always been aware of the value of Broadbeach. “It has always been a go-to destination,” he says.
West Homes has just lodged plans for a 22-level tower of just 20 apartments at 75 Old Burleigh Road, a site they secured late last year.
Each apartment will have nearly 400 sqm of internal living space, unprecedented even for the whole-floor apartment trend that has swept the Gold Coast over the last 12 months, as developers pivoted toward more high-end, owner-occupier friendly stock. One apartment, on level three, will have 430 sqm.
Inarc Design describe the sculpted tower as an “urban lighthouse.”
GV Property Group’s Antonio Mercuri, who sells amalgamated sites to apartment developers up and down the coast, says Broadbeach is a suburb for everyone.
“It’s a beachside coastal city suburb by the ocean, surrounded by parklands, and is in the pinnacle of three Gold Coast city locations; the Star Casino precinct, the Gold Coast convention centre, and Pacific Fair.
Mercuri is marketing a prime 1,294 sqm site on Armrick Avenue, with approved plans by Rothelowman for a 22-level, 84-apartment tower.
“Armrick Avenue (park front) is the next best thing to beachfront because of the expansive views over the bowls clubs / parks lands, while still being located beside the beach,” Mercuri says.
“The attraction of Broadbeach to developers is the mixed buyer pool, alongside the blue sky value add (which going up), and taking advantage of the favourable high density zoning (unlimited height potential subject to council approval).
Mercuri says there are three areas of Broadbeach which all have high demand, value, and attraction to both developers and buyers.
“The northern pocket of Broadbeach is a huge catchment area for locals (coming from suburbs like Broadbeach Waters, Isle of Capri etc). It’s just outside the fringe of Broadbeach hub area and close enough to enjoy but still be in an area of it own.
“Then there’s central Broadbeach, the hub of Broadbeach which incorporates the Anne Avenue precinct, while the southern pocket is popular due to its closer proximity to the Broadbeach Primary School.”
Article source: www.urban.com.au
Di Carlo Property Group set for Broadbeach owner-occupier apartment tower
The Brisbane-based Di Carlo Property Group has ventured back in to the Gold Coast market.
The family run company, who in recent years have been developing boutique projects in Brisbane’s inner ring, have lodged plans for their first tower in Broadbeach, dubbed Lusso Sky Homes.
Lusso Sky Homes (Lusso is Italian for luxury) – is a collection of just 17 full-floor apartments at 11 Anne Avenue.
Designed by Hayes Anderson Lynch Architects, the four-bedroom apartments span over 200 sqm internally, with a further 40 plus sqm of balcony space.
The kitchen (complete with butler’s pantry), meets the living and dining space, which opens to the balcony oriented to front Anne Avenue and capture south east ocean views. The master suite, complete with walk in wardrobe and ensuite, is also cleverly located at the front of the apartment to capture the views.
In addition to the master, there are a further two bedrooms and a multi-purpose room, which has been designed o act as either a second living area, a home office, or a fourth bedroom.
Crowning Lusso will be the resident amenity rooftop terrace, featuring a pool, gym, sauna and barbecue facilities.
Alfie Di Carlo, one of the family directors at the company, says the design offering should hit the mark for the luxury buyer.
“We produce boutique, owner-occupier developments in Brisbane so we definitely wanted to stay in our lane and produce something that would service that type of buyer on the Gold Coast,” Di Carlo told Urban.
“Its a really nice pocket of the Gold Coast and it’s always been on the agenda,” Di Carlo added.
“This site ticked all the boxes given its centrally located between the beach, the Broadbeach entertainment and dining precinct, the Star Casino and Pacific Fair Shopping Centre.”
Di Carlo expects a healthy enquiry mix from local downsizers cashing in on their houses but not wanting to compromise on space, and interstate and Brisbane holiday makers who are looking for a high-end holiday home or weekender.
The development acts as another diversification for the Di Carlo Group, who have recently started developing in the retail and commercial space.
The team have over 40 years experience building and managing in excess of $500 million of property development and construction projects across South East Queensland.
Article source: www.urban.com.au
Bassar Construction Group set for Eternity, Broadbeach apartment tower
Bassar Construction Group, who are behind the sold-out Broadbeach apartment building Infinity, is preparing to release its second Broadbeach project.
Bassar, who sold out the 62-apartment, 39-storey Infinity development in March, currently under construction on the corner of Surf Parade and George Avenue, has secured a site at 14-18 Mary Avenue to developer Eternity.
Kollosche agent Simon Worthington negotiated the off-market sale of the 1518 sqm site for $16.6 million.
That sale, which settled at the start of May, paves the way for Eternity, a DA-approved 35-level development comprised of 88 apartments, including two penthouses, and resort-style amenities.
“The major appeal of this site is the unobstructed ocean views because that is what people expect when they visualise their sea change on the Gold Coast,” said Leo Sarris, who heads up Bassar Construction Group alongside Simon Bassil.
“Our commitment and focus remain in Broadbeach because we feel it is the suburb that caters for everyone and everything you need is within walking distance.” Located opposite Broadbeach State School, the site is currently home to two seventies-style blocks of flats across two titles.”
Gold Coast-based Plus Architecture has been engaged to conceive a slender design which improves upon an existing development approval sold with the site.
Eternity will offer three and four-bedroom floor plans ranging from 190 sqm to 300 sqm, in addition to the 500 sqm for the penthouse suites.
Apartments will each have a double garage, while the penthouses come with triple car parking, a rooftop terrace and a plunge pool.
Residents will also benefit from a magnesium pool and spa, infrared sauna, steam room, gym and residents’ lounge.
“We know that buyers in the luxury space prefer to have larger apartments,” said Sarris.
“That third or fourth bedroom is important for downsizers who like to host guests and for growing families who prefer easy, low-maintenance living.”
Kollosche New Projects has been appointed as the exclusive selling agents for Eternity, with registrations of interest now being taken ahead of the official project launch in June.
Hutchinson Builders, who are also building Infinity, have been appointed by open negotiation to lead a 2.5-year construction timeline which would see the team break dirt in early 2023.
Sarris noted the key relationships forged on Infinity have carried over to Eternity, creating not only a smooth pathway for the developer but also confidence for buyers.
“Aligning ourselves with the right people in the industry has been key to our success on the Gold Coast to date and we’ve been very deliberate in taking those relationships into our next project,” said Sarris.
“When you look at the issues we’ve faced as an industry through Covid – be that increases in material prices and supply issues – you’re always better off working with people that you know will take the project to completion with you.”
Article source: www.urban.com.au
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