Gold Coast development: Gallery Group alters plans for luxury Surfers Paradise tower
A luxury tower planned for a prominent Gold Coast location has had its design dramatically changed. This is why
Gold Coast
Don't miss out on the headlines from Gold Coast. Followed categories will be added to My News.
A Gold Coast developer has dramatically redesigned a tower planned for a site in Surfers Paradise’s south.
Gallery Group, headed by Adam Barclay, got the green light from council in February to build the 35-storey Chalk tower on Surfer Parade.
It was to have 99 units. all of which were to be 249.6sq m or larger, a greater floor space than the average Australian home.
Now, four months later, Gallery has filed plans for a slimmed down tower.
Documents filed with the Gold Coast City Council last week reveal the developer now wants to build a 20-storey tower which will have 71 units.
The bulk will be two and three-bedrooms, with two per floor.
The Bulletin understands the tower was redesigned after being taken to the market earlier this year amid significant impacts on the property sector from supply chain issues and a slowing of real estate sales.
The tower will have a three-level basement and arrange of amenities including a gym and infinity pool overlooking Surf Parade.
It is the latest in a range of new towers planned for the southern streets of Surfers Paradise and northern Broadbeach.
It comes just days after Morris Property Group unveiled two towers for the area.
What Gold Coasters think about new towers
Prolific developer Barry Morris has filed plans for two towers in central Broadbeach.
Morris Property Group, which is already building the Sandbar tower in Burleigh as well as the Mermaid Plaza shopping centre on the Gold Coast Highway, is refocusing on Broadbeach with the new residential towers.
The projects, submitted to the Gold Coast City Council for approval this week, include:
* A 20-storey tower on Chelsea Ave that will have 18 single-floor units.
* A 20-storey tower on the Gold Coast Highway next to the Lifeline building and neighbouring the company’s existing Synergy and Qube high-rises. It will have 48 units.
Mr Morris said the company’s bullish attitude was in response to strong buyer demand for the area.
“The Gold Coast has seen several development applications (of ours) lodged in the past six to 12 months, especially in Broadbeach.
“Buyers love Broadbeach because it offers beachside living with metropolitan amenities, which is what the market is after.
“With the addition of these two (towers), we now have four Broadbeach projects in the pipeline and one in Burleigh Heads.”
The applications come weeks after Mr Morris unveiled two other new projects.
In April, he filed an application for a nine-storey tower, known as Malo, for a 607sq m site on Jubilee Ave between Qube and Synergy.
In early May the company unveiled plans for a 25-storey tower on the Gold Coast Highway at Burleigh Heads.
Bulletin readers have given their thoughts on the projects:
Des wrote: “These guys actually do some pretty good developments ! The amount of locals downsizing to apartments is providing to be a significant demographic shift. The BIG area of risk is those buyers delaying the sale of their house to line up with the completion and settlement of their new apartment. If those people selling their houses have an unrealistic sales realisation OR the market falls they may fine themselves short of cash or needing expensive bridging finance.”
More Coverage
Coked-up cardiologist back on roads after driving charge
A cocaine-using cardiologist will be back driving on Queensland roads after he was busted driving with the drug in his system. Read why he’s back behind the wheel.
Oceanway secret visit: Mayor Tom Tate’s clue on beach path future
After a private beach inspection with engineers on Tuesday, Mayor Tom Tate has given the biggest sign yet that the Oceanway will be completed. Full details.