The Curl, Bokarina: Sunshine Coast development left in the lurch for second time following PBS collapse

Construction of beachside luxury apartments on the Sunshine Coast has been abandoned once again, following the collapse of PBS.

Beachside dreamers eager to move into a new Sunshine Coast boutique precinct have again been left in the lurch after the construction of their apartments was abandoned for a second time.

• Fallout: 80 projects unfinished

Beachside dreamers eager to move into a new Sunshine Coast boutique precinct have again been left in the lurch after the construction of their apartments was abandoned for a second time.

The fate of The Curl apartments at Bokarina Beach remains unknown following the collapse of PBS Property Group on Tuesday, leaving the build unfinished.

The luxury apartments are part of a mixed-use residential, retail and community hub currently being developed by the Stockland Group, which includes 160 homes, 130 terraces and 800 beachside and north facing apartments across a 30-hectare site.

The Courier-Mail understands a total of 30 dwellings, a mixture of townhomes and apartments, have been impacted.

Customers have been informed about the ceasing of work at the Bokarina Beach site.

PBS took over construction of the The Curl apartments from original builders BA Murphy in late 2021 after the Queensland company went bust, leaving behind a whopping $11 million owing debt.

Members of the Bokarina Beach Community Connection Facebook page were shocked to find The Curl had be abandoned for a second time within two years, calling the site “cursed.”

One woman commented saying she saw security roaming the construction site on Sunday, while another said builders had “packed up” on Friday.

The Curl development at Bokarina on the Sunshine Coast, a project by PBS which announced it was entering voluntary administration on Tuesday.

Another resident, David Unwin, claimed of hearing a commotion on Monday morning as tradies arrived for work only to find the gates locked.

“Tradies were only allowed access this (Tuesday) morning to remove tools,” he wrote.

The boutique apartments have been designed by award-winning local architects O. G. E Group and held a starting price of $479,000.

Developer Stockland on Tuesday released a statement announcing they had secured the now-empty worksite.

The stalled Curl development at Bokarina on the Sunshine Coast.

“We will work with all relevant stakeholders as further details of PBS Building’s position are made available,” they said.

Rumours of the PBS Property Group collapse circulated earlier this week when two Gold Coast sites -the Marquee Developments’ 19-level Shoreline at Old Burleigh Rd in Surfers Paradise, and sold-out Serenity Reserve townhouse project at Helensvale- were locked up on Monday.

PBS officially announced it was entering voluntary administration on Tuesday.

The company is licensed for maximum revenue of $30m-$60m in Queensland, with QBCC records showing it had 177 jobs worth $52m in 2021-22, but just 23 jobs worth $9.3m so far this financial year.