The City of Gold Coast has granted a permit for a $34 million project on Surfers Paradise, submitted by first-time developer the Tission Group.
The development at 42 Monaco Street was originally conceived by Alex Yin in 2017, who reached out to former school friend Lu Li, and another Harbin native, Yikun Zhang, to set up an Australian development company.
Tission was formed shortly after Lin graduated Bond University with a postgraduate degree in Construction Practice, and while out jogging he discovered the company’s first potential site. Realising the potential of the Gold Coast address, Tission Group were able to put the project together in less than 12 months.
“With easy access to Surfers Paradise and Broadbeach, backing on to one of the Gold Coast’s most tranquil parks and overlooking the river I saw great potential for the site and began the process of finding partners to make it happen,” Lin said.
Tission Group’s proposed 42 Monaco Street is solely residential, with 41 apartments across 14-storeys.
Tission’s chief administrator Zhang said the development was a result of many months negotiating with the owners of the existing building on the site, which consisted of eight apartments. Zhang finally secured agreement to buy all eight apartments, subject to development approval late last year.
“It has been a challenging, but ultimately rewarding experience, and we are looking forward to launching the project officially in coming weeks,” Zhang said.
Lin first came to Australia as a student looking to change his career, having gained his master’s degree in genetics but realising he didn’t want to spend the rest of his life in a laboratory.
“Property development and construction are such exciting industries,” he said.
“No day is the same as the last and you are always learning. We have been given a great opportunity with this project to set a benchmark for future projects so we are very committed to making it great.”
Tission partner Lu Li is affiliated by relation with Harbin Taishan Group. The group’s interests include manufacturing, hospitality and renewable energy as well as a pipeline of property development projects in China.
Monaco Street will be the Group’s first foray into Australia.
Developer Lodges Plans for ‘Ultra High-End’ Tower 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.”
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.
A former hospital site is getting a new lease on life
THE former Gold Coast Hospital site at Southport is getting a new lease on life, with the first residential apartment within a new $550 million integrated masterplanned community recently launched to the market.
Palladium – a 17-storey apartment tower with retail piazza – will be the first stage of the Queen Street Village, which will be built on the 3.2ha site.
Once completed, it will include residential apartment buildings, supermarket, retail and dining precincts, a medical centre, commercial office space, a 160 room hotel, and an
Queen Street Village marketing manager and TOTAL Property Group managing director Adrian Parsons said Palladium was in a highly sought-after location right in the heart of Southport, close to great healthcare and education facilities, and with the light rail station right on its doorstep.
“Palladium residents will enjoy a sense of community and pride of place by being part of Queen Street Village, a self-sustaining economy where businesses are supported by people that live and work in the area,” he said. It has one, two and three-bedroom apartments in a variety of floor plans, starting from $345,000.
A retail piazza will be constructed on the ground floor.
Queen Street Village is the latest project by Brisbane-based developer, Property Solutions.
The company was the developer behind projects such as James Street at Fortitude Valley, The Barracks at Paddington, SW1 at Southbank and the urban redevelopment of Nundah Village.
Property Solutions sales and marketing director Craig Wright said Queen Street Village and its residential buildings were designed with the owner-occupier in mind.
“Our showroom will be opening soon and one of the first things people will notice about Palladium apartments is the abundance of space, with very comfortable living and dining areas that open up to expansive balconies.”
Interested buyers are encouraged to register. They will then be the first to preview the range of floor plans, architectural detail, finishes, interior styling and images of the panoramic views beforePalladium is released to the general marketplace.
The $550 million Queen Street Village will be developed over the next six to eight years.
Beachside apartments set to rise on Gold Coast
A COLLECTION of bespoke beachside apartments that are due to hit the market within the next week have already attracted an “overwhelming” number of inquiries from potential buyers.
The new residential tower, called Mali, will be built at 4-6 Alexandra Ave, Mermaid Beach.
Ray White project sales manager Dean Muldoon said it was being developed by Dankav, which was also building the 51-apartment eight-level Ivy 95 tower.
“It’s going to be 55 units over 16 levels,” Mr Muldoon said.
He said they would have one, two and three-bedroom luxury residences with high-quality finishes and panoramic beach and city views. The building would also have shared pool facilities as well as a club lounge for residents to enjoy.
“There’s going to be two penthouses on the top … (and) a full residence lounge on the 9th floor,” Mr Muldoon said.
Mr Muldoon said Ray White had been running an expressions of interest campaign for a few weeks in the lead up to the apartments hitting the market to generate interest.
“They will officially be on the market by the end of the month,” he said.
He said prices for each of the apartments would be revealed at a later date.
“We’ve had a lot of interest so far – we’ve had an overwhelming response from (the expressions of interest campaign),” Mr Muldoon said.
He said the project would officially start once Dankav had finished the construction of Ivy 95, which was expect to be in late July or early August.
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