Gold Coast development: First look at $340m Surfers Paradise tower

A leading property developer has unveiled plans for a giant $340m luxury residential tower in the heart of Surfers Paradise, with everything from its own whisky locker, cinema and three pools. SEE THE PLANS >>>

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LEADING property developer David Devine has unveiled plans for a giant $340m luxury residential tower in the heart of Surfers Paradise.

Devine Development Group will on Thursday file a development application to build Royale Gold Coast on an absolute beachfront site on Northcliffe Terrace, just south of Q1.

Planned for a 2251sq m site, the 38-level tower will feature 108 units, priced from $1.5m. The average price will be $3m.

Mr Devine said the project was targeted at the high-end buyer market that had been driving the city’s booming real estate and development industries.

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Artist impression of Royal Gold Coast tower proposed by Devine Development Group for Surfers Paradise.

“The vision for Royale Gold Coast is a landmark building of high distinction, with premium residential apartments that will redefine luxury absolute beachfront living,” he said.

“I want people who walk along the beach every day to look up at Royale and say, ‘that’s where I want to live’.”

The tower will also include a concierge, an exclusive residents’ club with a cinema, library, executive lounge, bar, whiskey locker and three swimming pools.

Devine bought the site, on the corner of Northcliffe Terrace and Markwell Ave, for $45m.

The company has already appointed a sales team and will rush the development to the market to capitalise on the boom, which saw unit sales spike 238 per cent in 2020.

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David Devine. Picture: Jono Searle.

Project marketing manager Adrian Parsons said there had been an increasing number of inquiries for buyers looking for high-end properties.

“The prestige apartment market in southeast Queensland, and in particular the Gold Coast, is buzzing with buyers from Sydney, Melbourne and Brisbane looking for lifestyle opportunities to either relocate or enjoy as a holiday home,” he said.

“There has been a big shift in the market with people now having the flexibility to work remotely, giving them the freedom to choose where they live.

“As the Gold Coast property market continues to be strong, there is also high demand from local buyers who are selling their houses and opting for the convenience of private residential apartments with high quality resort amenities that are often experienced within leading hotels.”

It is the second large-scale high-rise proposed for Northcliffe Terrace in the past month.

In mid-May, award-winning Sydney developer Sammut Group unveiled plans for a $200m, six-star high-rise next door to Northcliffe Surf Life Saving Club.

Coast, the 35-storey tower, will have 49 luxury units, including 36 half-floor villas, two double-storey “sky homes”, 10 full-floor sub-penthouses and a giant penthouse.

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