Gold Coast developer Sunland plans $1.4 billion of tower development in 18 months
LEADING developer Sunland is set for its biggest Gold Coast year in more than a decade since building the iconic Q1 tower. See where it plans to spend $1.4 billion.
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SUNLAND is unleashing its biggest development portfolio on the Gold Coast since delivering the iconic Q1 tower more than a decade ago.
The leading developer will launch projects worth more than $1.4 billion from Pimpama to the border within the next year.
Construction, depending on planning approvals, will begin following the Commonwealth Games and generate hundreds of jobs.
“Sunland’s history is deeply entwined with the Gold Coast,” Sunland managing director Sahba Abedian said. “It is where the company was founded more than 30 years ago and where we have created some of our most significant contributions.
“As we look to the year ahead we are very excited to be concentrating our efforts on our new portfolio releases across the Gold Coast and in Brisbane.”
Sunland’s immediate prize project is the $850 million The Lakes community at a long-empty Mermaid Waters site.
A $136 million, 35-storey residential tower planned for the Labrador KFC site on Marine Parade will go to market before Christmas.
“Sunland’s Queensland portfolio has a strong focus on the southeast corner, with a particular emphasis on residential housing and apartments on the Gold Coast.”
Sunland last focused heavily on the Gold Coast in the early 2000s when it built the Q1, Palazzo Versace and Circle on Cavill before turning its attention to the NSW and Victorian markets.
Mr Abedian said the first apartment project would be launched at The Lakes in the second half of the year.
“Our inaugural apartment development at The Lakes will present two elegant, sculptural, medium rise buildings overlooking the two lakes,” he said.
“It will be an exceptional architectural landmark within its unique master-planned setting.”
Further plans, including a two-tower mid-rise project at Palm Beach’s Magnoli development on the suburb’s former tourist park and at Greenmount Beach will be rolled out in 2018.
Sunland’s proposed $600 million The Marriner development at The Spit is not currently on the schedule after it was parked last year.
SUNLAND’S $1.4 BILLION WAVE
2017: $1.03 billion
* The Lakes — $850 million: A 42ha masterplanned community at Mermaid Waters, including $143 million stage one.
* One Marine Parade — $136 million: 35-storey tower planned for the Labrador KFC site. To go to market before Christmas.
* The Arbour — $48 million: 113-terraced home project at The Heights site, Pimpama. To go to market midyear.
2018: $429 million
* Magnoli residences
Twin apartment buildings planned for the former Palm Beach Tourist Park site.
* Greenmount Resort, Coolangatta
Sunland is yet to announce plans for the resort site but expects to launch in 2018 pending council approval.
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