Sunland Group: Gold Coast City Council green-lights $1.3 billion mini-city development
Four towers at the heart of a $1.3b mini city at the Gold Coast’s centre will begin rising immediately after getting the green light from city leaders.
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FOUR towers at the heart of a $1.3 billion mini city at the Gold Coast’s centre will begin rising immediately after getting the green light.
The Gold Coast City Council this week approved Sunland Group’s $250 million The Lanes Residences project for a Clear Island Waters site.
Early works have already begun on the site where two cranes have been installed, with major construction set to begin in the near future.
The Lanes Residences, which will include two 10 and 12-storey towers, will be launched to the market in early 2020.
Each of the buildings will have between 70 and 80 apartments, with a mixture of one, two and three-bedroom luxury units and penthouses
“The Lanes Residences combines leading architecture with retail, lifestyle and leisure amenities of an unprecedented scale,” Sunland managing director, Sahba Abedian said.
“The buildings will link to the future retail village at The Lanes and feature their own ground-level retail and commercial spaces, as well as extensive resident amenities.
“Each building will capture lakefront, city skyline, and hinterland views.
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“The Lanes retail village will also be launched next year and will become a vibrant destination incorporating cafes and restaurants, a fresh food market hall, wellbeing services, leading early learning centre, office space, and a lakeside green for family-friendly community events.”
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Sunland first unveiled the project last December and revamped its plans for the site in June.
The number of units increased from 298 to 310 because an extra six units each will be added to the larger towers.
There will now be a total of 642 bedrooms in the towers which, along with already approved buildings and completed townhouses, mean there will ultimately be 1262 bedrooms across the precinct.
Plans for four stand-alone commercial buildings were scrapped while the amphitheatre which will be placed along Lake Unity will be repositioned.
It will sit alongside the $200 million Lanes Shopping Centre and Lakes residential precinct.
The shopping centre project will be built on six hectares and feature 80 shops, cafes, restaurants, a fresh food hall, health and wellbeing services and a boutique cinema, across 17,000sq m.