2021 will go down as the biggest sales year the Gold Coast has seen for new apartments since the property consultancy Urbis began monitoring the sector
2021 will go down as the biggest sales year the Gold Coast has seen for new apartments since the property consultancy Urbis began monitoring the sector.
The number of apartment sales for the September quarter surged to 690, bringing the total of new apartments sold on the Gold Coast in the first nine months of this year to 1,882.
This figure has already eclipsed the previous full-year record of 1,556 sales in 2016.
There’s expected to be further figures which show the 2,000 mark was broken over the full calendar year, which has eyes looking toward 2022, and what’s in store for the Gold Coast apartment market.
There’s been a late push in to Christmas, later than any other year in living memory, to launch projects in to 2022.The Gold Coast is set to see a huge wave in early 2022 of some of the biggest apartment developments the suburb has ever seen.
We’ve had a look at some of the developments to watch out for.
La Pelago, Surfers Paradise
Address: 108 Ferny Avenue, Surfers Paradise
The most anticipated development is no doubt the first foray in to the Gold Coast area by the Melbourne-based developer, GurnerTM.
Led by Tim Gurner, GurnerTM are set to launch La Pelago, the $1.25 billion, four-tower development which will bring over 1000 apartments to the Surfers Paradise dress circle Ferny Ave.
La Pelago, likely named after the small commune in Italy, centralises on a private island theme, where each building is surrounded by over 9,000 sqm of amenity, lush tropical landscaping by SWA and pool-side water retreats, creating four private islands.
Tim Gurner says La Pelago will be a new world experience for a beachside precinct that will be unlike anything ever attempted in Australia before, with an international hotel name that will be a new entrant to the Australian market.
Paradiso Place, Surfers Paradise
Developer: SPG Land and Gordon Corp
Address: 103 Ferny Avenue, Surfers Paradise
Just up the street and set to go head to head with Gurner is Paradiso Place, another mega-development site.
Recently launched, Paradiso Place will see 792 apartments constructed, with a $4 million sales gallery to boot. At 750 sqm, that alone is the largest display suite-style marketing touch point in the southern hemisphere.
The apartments, across three towers, will be part of an ever wider precinct, which will include almost 150,000 sqm of retail, amenities, and residential living.
SPG Land chairman David Wang says Paradiso Place will create a long-awaited destination precinct to fill the gaping void in the Surfers Paradise cityscape.
“Paradiso Place is strategically located between the Marriott Hotel, main beach and the traditional Surfers Paradise beachfront areas,” Wang says.
Yves, Mermaid Beach
Developer: Hirsch & Faigen
Address: 7-9 Mermaid Avenue, Mermaid Beach
2021 marked the entry to the Gold Coast apartment market for the Melbourne-based developer Hirsch & Faigen. They started with the 78 apartment project Hemingway at Palm Beach, which sold out in a matter of months, before heading to Kirra Beach for Emerson, something more boutique with 27 apartments starting from just shy of $3 million.
Their third project, just launched, is the three tower development Yves, in the sleepy Gold Coast village of Mermaid Beach.
That will have 145 apartments across three towers, designed by Rothelowman, who handled the design of Hemingway and Emerson.
“We all know the Gold Coast has changed a lot in the last 60 years, and as more and more people escape the crowded ‘southern cities’, we anticipate she will change even more,” Rothelowman advised in their design statement.
“Between the sleepless Broadbeach & gentrified Burleigh, Mermaid Beach captures the diminishing modesty of the Gold Coast. It is a microcosm with cafes, craft and culture. A community of locals and tourists relishing a more humble urban lifestyle than the north & south.”
AURA, Surfers Paradise
Developer: ASF Group
Address: 59 Garfield Terrace, Surfers Paradise
In Q1 2022, the ASF Group are set to launch to the market AURA, a collection of just 26 full floor apartments, and one tri-level penthouse, across its 31 levels.
The tower, on the dress circle beachfront Garfield Terrace, will also feature an elevated lobby, gym and a club, activate all four sides defining a podium-like form through a dynamic raking column.
AURA follows ASF’s recent launch of The AU, an even more exclusive block of just 12 apartments.
One of the three-level penthouses in The AU just sold for $8.8 million.
Tapestry, Chevron Island
Developer: Siera Group
Address: 39 Darrambal Street, Surfers Paradise
Tapestry, the first Gold Coast apartment project for the Brisbane-based Siera Group, will be launching in early 2022.
Designed by BDA Architecture to pay homage to the Island’s new Home of the Arts precinct, Tapestry will have 83 apartments across its 17 levels.
Offering two and three-bedroom apartments, Tapestry will be crowned by an exclusive resident rooftop featuring a resort-style swimming pool with day beds, a spa, and a pool deck. A barbecue and alfresco area, will sit in landscaping, as will dining surrounded by an edible garden.
There’s set to be a private dining space with a terrace and fire pit, a gym with sauna and steam room, and a lounging area with a lawn.
Siera’s managing director Brett Thomson said he wanted to create something that was targeted at a wider net, rather than the multi million dollar apartments that are limited to the fortunate few.
“We want the local owner occupier, who could be living in a medium-size house in the area, to be able to downsize or rightsize, or have others who just want to find a new lifestyle, and have the opportunity to do so without being priced out.”
Lagoon, Main Beach
Developer: Drew Group
Address: 11 Cronin Avenue, Main Beach
The longstanding South East Queenslander developer, Drew Group, are set to create which will be the largest Main Beach devevelopment since the 1980s, set over a huge amalgamated 4,000 sqm site.
Plus Architecture designed the 248 apartments, which will be spread across two towers, linked by a central resort-style heated swimming pool and spa area.
Drew Group, led by Jonathan Drew since 2005, have history in the area and know it well, having previously created the 16-level, 29-apartment developer Cerulean on Pacific Street.
“As a local I feel an overwhelming responsibility to deliver an outstanding result for the Main Beach community and the future residents of Lagoon and this concept will be the central focus throughout the project until future residents move in,” Drew said.
Their most recent project The Village, some 72 apartments and beach houses at Palm Beach, was one of the fastest selling project in the Gold Coast over 2019 and 2020, securing all of the apartments in just three months.
Miles Residences, Kirra Beach
Address: Corner of Miles St and Marine Parade
The second stage of the $380 million redevelopment of the Kirra Beach Hotel is set to launch in early 2022. The first stage only last a few months before it achieved a snappy sell-out, with the 50 per cent sold status coming in just a few weeks of launch this time last year.
Residents will have access to the raised 25 metre swimming pool with gun-barrel, never to be built out views north across the beach. The Kirra Beach Hotel will be redeveloped as part of the project, with a new pavilion added.
No words as to how many apartments will be part of the next stage.
KTQ group have a very successful track record across residential and commercial projects in recent years. They have won a number of awards for Elements of Byron Bay, their exclusive and luxury northern NSW retreat. They also developed Bayshore Bungalows, also in Byron, which they also developed and own and operate.
KTQ are also set to release something special on their massive amalgamated Garfield Terrace beachfront site.
Sea, Burleigh Heads
Address: 96 The Esplanade, Burleigh Heads
The local developer FORME are again putting together something special which launched shortly before Christmas.
They’re selling Sea, their second Burleigh Heads development by the high-profile architecture firm Koichi Takada.
The boutique apartment building of just 27 apartments follows the rhythms and designs as their sold-out Goodwin Terrace projects Norfolk and Luna.
Demand was so high for Norfolk, which recently settled as one of the Gold Coast’s most expensiave apartment developments, that Forme boss David Calvisi put together the same team for Sea, with the aim to create a similar-style project slightly further south on The Esplanade.
Also featuring interiors from the Melbourne-based Mim Design, Sea comprises half-floor apartments, each with three bedrooms and 240 sqm of living space. The full-floor apartments of around 480 sqm are configured to include three ensuited bedrooms, a multi-purpose room, media lounge, home gym, walk-in wine display bar, and a lifestyle space with a fireplace and butler’s pantry.
Residents are afforded exclusive access to an array of in-house amenities including a pool, sauna, ice baths, gymnasium and pilates studio, and an alfresco dining terrace serviced by an integrated barbecue kitchen ensconced by idyllic gardens.
Address: 31-35 McLean Street, Coolangatta
Another Q1 release will see Palais Coolangatta, the $130 million apartment development on the site of the landmark Jazzland Dance Palais that has stood on the 2,355 sqm site since the 1930s, hit the market.
Developed by the Melbourne-based BeckDev, Palais Coolangatta will have 175 one, two and three-bedroom apartments, as well as resident facilities and a street-level plaza with retail space.
BDA Architecture has designed the plans for the development.
Ben Beck, director of BeckDev and son of the industry veteran Max Beck, said Coolangatta stood out as one of the Gold Coast’s gems.
“Its riches lie in its natural amenity, world class surfing beaches and deep sense of community,” Beck said.
Eden Avenue, Coolangatta
Developer: Kingbella Group, Steer Developments, CAPDEV Partners
Address: 44 Eden Avenue, Coolangatta
A joint venture trio of Kingbella Group, Steer Developments, and CAPDEV Partners, are teaming up for a 12-level Coolangatta project.
The project, designed by Plus A rchitecture, who describe the tower as “beachside luxe living”, will home 91 apartments and three townhouses.
It will sit across four amalgamated lots totalling 1,924 sqm between 44 and 50 Eden Avenue.
The development will be crowned by a rooftop amenity level featuring an infinity edge pool, sun beds, adjoining spa, a wet deck, garden day beds and barbecue booths.
Belvue, Runaway Bay,
Developer: Polites Property Group
Address: 13-15 Bayview Street, Runaway Bay
Runaway Bay is set to see its first residential tower to be developed in the idyllic Gold Coast waterfront enclave for almost three decades.
Belvue, French word for beautiful view, is set to be developed in a joint venture between Monaco Property Group and Polites Property Group, who has just lodged a development for the project.
The luxury tower on a 3,116 sqm site at 13-15 Bayview Street, has been designed for the owner-occupier, with just whole floor apartments.
The 31 apartments, which have four bedrooms each (or three and a multi-purpose room), will each take up a level of the 31 storey building, which is reminiscent of a resort-style hotel, without the mass number of rooms.
Plus Architecture, who are handling the design, call Belvue “the sophisticated newcomer to Runaway Bay.”
Developer: Orenda Projects
Address: 14 First Avenue, Broadbeach
The owner-occupier focused residential tower Myst, in the heart of Broadbeach, is set for an early 2022 launch.
The Plus Architecture-designed plans for 14 First Avenue will have 46 apartments across the 33-level tower, 45 of those being three-bedroom apartments, which, apart from the three whole-floor sub-penthouses, will span half of a floor.
The top two levels will be dedicated to a two-level penthouse, the only four-bedroom apartment in the building. That will have its own private terrace with a swimming pool.
Article Source: www.urban.com.au
Developer Tests Depth of Albion Apartment Market
Arden Property Group has lodged plans for an eight-storey apartment tower next door to its Jade apartments development on Burdett Street at Albion.
Euroa is a 76-apartment development on a 2676sq m site, which the developer bought in 2017 for $3 million.
The Altis Architecture-designed tower is on the corner of Burdett Street and Crosby Road, with views over Crosby Park, a proposed Olympic sporting precinct for the 2032 Games.
According to planning documents the development pays homage to the industrial history of the site and the Albion precinct.
“The proposed design has taken a sensitive approach in respecting the industrial heritage significance of the existing site,” the report said.
“The distinct angular roof form and brick palette of the existing industrial building have been reflected in the proposal by incorporating brick feature walls and overclad elements along the street frontage within the planting areas.”
The tower would comprise 19 one-bedroom apartments, 22 two-bedroom apartments, and 35 three-bedroom apartments with a communal rooftop area for residents with a rooftop pool, daybed area, and lounge and views over Brisbane’s evolving skyline.
The architectural design statement said the design outcome would improve street activation, as well as complement and enhance the medium density typology of Albion and leave a “compelling and long-lasting legacy of architectural expression”.
Hoarding has been up on the site for some time, and it comes off the back of Arden Property Group’s four-building 369-apartment Jade development next door.
Arden Property Group’s Jade development won approval in 2014, and was the first major residential development in Albion’s industrial precinct.
Meanwhile former FKP executive director Philip Parker owns a significant stake in the Albion precinct, with storage sheds on Burdett Street and industrial sheds fronting Crosby Road in his portfolio.
Article source: www.theurbandeveloper.com
Brisbane’s Office Market Greenlit for Business
Brisbane’s office market continues to shake off the pandemic doldrums with two new commercial towers approved in the CBD and fringe suburbs.
Property owner PGIM and development partner Indema’s plan for a bold adaptive reuse of a 1970s commercial building at 444 Queen Street has won approval.
The bronze 22-storey tower opposite Customs House will be stripped back to its core structure and completely remodelled with a new podium, curtain wall facade and an additional two-storey sculptural canopy.
Indema director Michael Bruderlin said they would be targeting a net zero certification for the building upon completion in the first quarter of 2024.
Article source: www.theurbandeveloper.com
‘Best of everything’: approval granted to fantastic farm that will give Coast a brand new flavour
A new agri-tourism venture is set to showcase the ‘best of everything’ from the region, with a huge Produce Hall trading seven days a week.
Coolum Beach will become home to one of the largest tourism destinations on the Coast, with Sunshine Coast Council giving development approval to Barns Lane Farm.
The farm will be set across 6.8 hectares and centre around a paddock-to-plate experience.
It will showcase Sunshine Coast goods and connect locals and tourists with the hinterland.
The 2000sqm Produce Hall will trade daily and house more than 50 short-term and long-term stallholders.
Barns Lane Farm co-founder and developer Jason Grant said it was a great chance for locals to showcase their wares.
“The Produce Hall will provide a never-before-seen opportunity for local producers, without being subjected to trading restrictions and weather conditions,” he said.
“It will offer multiple connections to the market including selling direct to the public and supplying on-site restaurants and vendors.”
Co-founder Helen Grant said there would be several features at the complex.
“It caters to the many tastes and needs of families and foodies,” she said.
“Other attractions include a distillery, brewery, dining, adventure play areas, animal farms, tours, a performance stage and much more.”
The news has been welcomed by tourism, industry bodies and local stakeholders.
Visit Sunshine Coast CEO Matt Stoeckel said the farm would provide a significant boost to the region.
“There is a huge demand for agri-tourism experiences,” he said.
“The new product will go a long way in cementing our profile as a leading agri-tourism destination.”
Coolum State School Principal Anthony Ryan said the farm would bolster the local community.
“Having this on our doorstep is really exciting,” he said.
“We’ve already implemented Barns Lane Farm themes into our curriculum, and we look forward to furthering partnership opportunities.”
It’s expected that Barns Lane Farm will create more than 170 full-time equivalent jobs across a range of industries and provide vast community and educational opportunities.
Barns Lane co-founder Jonathan Leishman said the region’s agri-business would continue to develop.
“We’re growing and supporting local in every sense of the word, including through our Joint Venture with (venture studio) Josephmark for the Agtech incubator Dirt Lab, which will nurture local innovation,” he said.
Construction will start soon, with the opening set for mid-2023.
Future stages include a 26-room boutique hotel suite and a 150-seat function venue, ideal for rural destination weddings and events.
Barns Lane Farm key features
- Site size: 6.8 hectares
- More than 170 full-time equivalent jobs expected
- Will connect locals and tourists with the hinterland
- Restaurants and cafes offering paddock-to-plate experience
- More than three hectares of productive garden beds and orchards
- 2000sqm seasonal Produce Hall with 50 short and long-term stallholders
- Agri-tech Incubator, ‘Dirt Lab’
- Events centre and boutique accommodation
- Music and arts space
- Distillery and brewery
Article source: www.sunshinecoastnews.com.au
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