Sellout success for first stage of Southport’s $2.3b Imperial Square, set to tip the Q1

The first stage of a giant multibillion-dollar Gold Coast development, which will contain a 108-storey supertower, has sold out as construction is set to ramp up.

STAGE 1 of a $2.3bn development containing one of the world’s tallest towers has sold out.

Southport-based Azzura Group has secured $90m in sales on the 145 units inside the 18-storey, $155m Regal Residences tower, the first of three planned for the giant Imperial Square project.

Imperial Square

Azzura boss Robert Badalotti said early construction work had begun on the tower’s site and would accelerate heading into 2022.

“We’re excited to be delivering a transformative project for the Southport CBD precinct, which is set to accelerate remarkable revitalisation of Southport which is already taking shape,” he said.

First impressions of the project.

Gold Coast developer Robert Badalotti from Azzura Group.

Strong market demand for Gold Coast property has led to a surge in luxury apartment sales across the city.

Mr Badalotti said local residents made up the majority of Stage 1 buyers.

The Regal Residences will also have a 4.5 star hotel which will have 200 suites.

The mega development, planned for the corner of Meron St and Ferry Rd, was previously expected to have four towers, but has been scaled back to three. They are:
● The Regal Residences;

● Monarch Place: a 54-level “twister” tower that will front the Ferry Rd side of the site.

● The Imperial Tower, an 108-level building that will become Australia’s tallest, beating out Surfers Paradise’s Q1.

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