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Developer Lodges Plans for ‘Ultra High-End’ Tower in Broadbeach

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Developer Lodges Plans for ‘Ultra High-End’ Tower in Broadbeach
Brisbane real estate director John Kubatov has lodged plans with Gold Coast City Council for what would be the tallest residential building in Broadbeach.

The proposed 54-storey tower will replace an ageing two-storey unit block and neighbour the 50-storey Oracle which currently sits as the area’s tallest building.

The $100 million skyscraper will be named “Class Broadbeach” and target high-end occupants.

Just 46 apartments will be on offer, each spanning an entire 375 sq m level, with six spread over two or three floors.

Kubatov, who is the spokesperson for the developer Broadbeach Joint Venture, spent $7 million purchasing and taking options on units in Kurrawa Lodge and said that property research showed a gap in the market for ultra-high-end apartments at Broadbeach.

“If you look at people like Elon Musk and Taylor Swift, they’ve stayed at Oracle behind us in the penthouses, so we’re trying to leverage the possibility of a bit of notoriety staying in this building,” Kubatov said.

“It will deliver a compelling accommodation choice for celebrities and highly affluent visitors who wish to stay in the central Gold Coast as well as those who wish to buy an exclusive part of beachfront Broadbeach.”

Developer Lodges Plans for ‘Ultra High-End’ Tower in Broadbeach

Architects RH Frankland and Associates have designed the glass-clad skyscraper to mimic the natural elements of Broadbeach with vertical and horizontal green walls.

The site already has development approval for a 17-level residential tower, but the ambitious Class Broadbeach proposal will aim to offer a new level of opulence on the Gold Coast.

The site will also boast a unique automated stacker-system carpark, like those used in Tokyo and New York.

“That’s when you drive in, you hop out of your car and swipe a card, then the car goes down by itself on a conveyor belt-type situation,” said Kubatov.

The mechanised parking system will accommodate 94 off street parking bays spread over a four-level basement.

Class Broadbeach will join a slew of other recent development projects planned for the area including Little Project’s $220 million Signature Broadbeach, the Star Group’s $345 million The Star refurbishment, Spyre Group’s $79 million apartment project and the recently completed “The Beach” apartments.

Source: theurbandeveloper.com

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Developments

Gold Coast Developer Wins Approval for $140m Project

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Gold Coast Developer Wins Approval for $140m Project

Gold Coast-based Aniko Group has received development approval for its $140 million “resort-style” residential precinct in Hope Island.

Aniko Group, led by George Mastrocostas, plans to deliver 210 apartments for the 1 Grant Avenue address, which spans an 8,390sq m waterfront site.

The developer reached a compromise over original plans for the apartment project after taking Gold Coast City Council to court.

Mastrocostas said his team worked collaboratively with Gold Coast City Council to achieve development approval, with plans for the project to capitalise on demand for affordable residences in “sought-after areas”.

Aniko Group acquired the Hope Island site for $4 million in December 2017.

Mastrocostas says Hope Island has become popular with buyers as the northern Gold Coast region benefits from infrastructure spending, including the $470 million Westfield Coomera Town Centre and the planned $400 million expansion of the Gold Coast Marine Precinct.

“The development is just a stone’s throw from the brand new $65 million Hope Island Marketplace which opened in December last year,” he said.

The Hope Island development follows Aniko’s latest residential project, a $55 million 14-level tower at 372-374 Marine Parade Labrador, Three72 Marine.

Aniko Group also lodged a development application with the Ipswich City Council late last year for a 229-lot residential community spanning a 24.6ha site in the Ripley Valley Priority Development Area.

 

Source: theurbandeveloper.com

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Developments

Quest starts construction of first Gold Coast Apartment Hotel

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Quest starts construction of first Gold Coast Apartment Hotel

Quest Apartment Hotels has begun construction of its first Gold Coast property, Quest Robina, with long-term development partner, Pellicano.

The eight-storey project is a mixed-used development that will feature 80 serviced apartments, 37 square meters of ground-floor retail, a two-level basement carpark, and 24 residential apartments.

Quest Apartment Hotels General Manager – Growth, James Shields said the operator was excited to begin construction of its first Gold Coast property.

“Our long-term partnership with Pellicano has facilitated our move into Robina, Gold Coast. We see Robina as a key commercial centre for the Gold Coast economy – evidenced by low office vacancy, iconic commercial towers and a range of drivers across the health, sporting and retail sectors to support future growth.

“Business trips to the Gold Coast have experienced an average growth of above 6.5 per cent over the last six years which represents 10 per cent of the overnight domestic travel market. This provides a wonderful opportunity for Quest Robina to provide quality accommodation to meet this demand,” Mr Shields said.

Quest starts construction of the first Gold Coast Apartment Hotel

(L-R) Gold Coast Councillor Hermann Vorster, Quest Apartment Hotels General Manager – Growth James Shields and Pellicano Development Operations Manager for Queensland Michael Kent.

The Robina project marks one of four by Quest and Pellicano set for completion in 2020, with additional projects located in the Victorian towns of Ballarat and Geelong and the Melbourne suburb of Preston. Once complete, the four projects will deliver 328 Quest serviced apartments, 2,500 square meters of retail space and a conference centre including theatrette.

Pellicano Managing Director, Nando Pellicano said the Robina project adheres to the company’s three fundamental elements of a successful development.

“50 years of development have taught us that the key drivers of an in-demand product remain constant despite market fluctuation; quality design, in-demand location and uncomplicated access to premium residential and lifestyle amenities,” Mr Pellicano said.

“This project’s convenient location and ease of access to lifestyle amenities paired with Quest’s solid reputation for delivering quality accommodation ensures our confidence in the success of this project.

“Quest’s accommodation offering represents a unique opportunity to add value to the residential element of this development by offering hotel-like services for the occupants of the building.”

Gold Coast City Councillor, Hermann Vorster said the project would be the perfect fit for the area and a centrepiece development for the emerging stadium precinct.

“The development will capitalise on Robina’s reputation as an emerging sporting, health and commercial centre and is ideally placed on great public transport.

“Best of all it will generate more local jobs and give Robina an opportunity to share the benefits of Council’s push for the Gold Coast to remain Australia’s tourism capital,” Cr Vorster said.

Quest has undergone rapid expansion in recent years and is now the largest and fastest-growing apartment hotel operator in Australasia. Eight new Quest properties are scheduled to open across Australia, New Zealand and the United Kingdom over the next two years including Burwood East (VIC), Joondalup (WA), Orange, North Sydney (NSW), Quest Tauranga Central, Quest on Tuam, Quest Mount Eden (NZ) and Liverpool (UK).

 

 

Source: www.thehotelconversation.com.au

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Developments

Developers Sought for Gold Coast Waterfront Approved $2bn ‘Urban Village’

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Developers Sought for Gold Coast Waterfront Approved $2bn ‘Urban Village’

A 25-hectare waterfront site approved for a 11-tower village on a Gold Coast floodplain has been brought to market by vendor diversified local property JLF Corporation.

The Clear Island Waters site has preliminary approval for 1550 dwellings from Gold Coast City Council, which includes almost 10,000sq m for office, retail and a clubhouse, which would deliver a gross realisation of more than $2 billion.

The area is the last major development site to be approved in the Merrimac floodplain, which Savills sales executive James Stevenson said is “due to the extensive planning measures proposed by the proponent”.

“The development team worked closely with GCCC’s hydraulic division to provide a flood mitigation solution that creates a five-hectare refuge podium in the event of 1 in 1,000 year flood.”

Developers Sought for Gold Coast Waterfront Approved $2bn ‘Urban Village

The masterplan allows for towers ranging in height from four-to-19 storeys while still retaining more than 80 per cent of the site for parkland, paths and lakes.

The approval provides for a gross floor area of 172,658sqm.

Real estate investment bank Moelis Australia and Savills have been appointed to manage the expressions of interest campaign.

Developers Sought for Gold Coast Waterfront Approved $2bn ‘Urban Village’

Stevenson said the site offers scope for a developer to create a dynamic ‘village’ in “one of the Gold Coast’s few million-dollar suburbs.”

“Seventy-eight per cent of the suburb is owner-occupiers,” he said.

“The Gold Coast is famous for its strip profile but data proves the majority of coastal property is owned by investors, with owner-occupiers preferring to avoid the holiday influx.

“We expect the future partner or purchaser will be a masterplanned community developer who appreciates the value uplift of integrated amenity catering to the needs of an active, wealthy demographic and their specific unmet needs,” Stevenson said.

 

Source: theurbandeveloper.com

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