Gold Coast Development: $50m tower for Palm Gardens
A suburban shopping centre in Palm Beach will be transformed into a $50 million tower under a plan which will be unveiled tomorrow.
Council
Don't miss out on the headlines from Council. Followed categories will be added to My News.
A SUBURBAN shopping centre in Palm Beach will be transformed into a $50 million tower as part of a plan to be unveiled tomorrow.
Developer Cru Collective plans to demolish the Palm Gardens shopping centre at the intersection of Mawarra Ave and Townson streets and replace it with a nine-storey boutique unit complex.
The project will be lodged with council tomorrow morning and will include a 400sq m shopping centre on its ground level, with room for seven tenants.
Cru managing director Chris Bolger said the development would “breathe life into the ageing centre”.
“Palm Gardens at Mawarra Street will add a fresh boutique injection of needed retail services at the northern end,” he said.
MORE NEWS
Top property agents blast Premier’s border block
Major event worth $2.6m booked for Gold Coast
Staggering amount theme parks are losing every month
“The feedback we received from clients, agents and our consultants over the last 12 months has been an invaluable tool in designing Palm Gardens.
“We know exactly who our customer is and what they want. These homes are large, off the highway and offer unobstructed view corridors.”
The development will feature 69 units, including 53 two-bedroom and 15 three-bedroom apartments.
Cru Collective bought the site last year and, if approved, the Palm Gardens tower will be its third project in Palm Beach in recent years following the recently completed Acqua Beachside Residences and luxury beachfront Siarn Palm Beach North.
Palm Beach has become a development hotspot in recent years with a significant number of mid-rise projects under construction.
Some locals have objected to the amount of construction, arguing it was overdeveloping the area.
Developer Sunland Group last week completed stage one of its Magnoli complex in northern Palm Beach, settling more than $30 million in units.
How Southport’s ‘grunge’ could attract tourists back to CBD
A leading urban planner has urged the Gold Coast City Council to dump the Chinatown name when it revamps Southport and lean into its ‘grunge’. ALL THE DETAILS
Shock rate spike: How much bills could rise without tip fees
Officials have warned that all ratepayers would see a jump in their rates bills if fees are not introduced at rubbish tips, as councillors split on the controversial measure. Here’s how much bills could go up.