Gold Coast development: New 31-storey tower planned for central Surfers Paradise
A riverfront Surfers Paradise site will be transformed into an $80 million residential tower with incredible views of the city. SEE THE PICTURES >>>
Gold Coast
Don't miss out on the headlines from Gold Coast. Followed categories will be added to My News.
- $100M ULTRA LUXURY TOWER TO TRANSFORM MAIN BEACH
- ‘CATALYST FOR CHANGE’: BUSINESS BACKS $380M ‘TOWERS OF POWER’
A RIVERFRONT Surfers Paradise site immediately next to the light rail tracks will be transformed into an $80 million, 31-storey high-density residential tower with incredible views of the city
The development is earmarked for a 1095 sqm site fronting the Gold Coast Highway and Nerang River and is the latest in a wave of new towers planned for the Glitter Strip.
Plans filed with council this week by experienced Melbourne developers Auriton Group reveal construction will begin in early 2023, with the tower to open in mid-2024.
Gold Coast property: House values have biggest jump in 15 years as property and development booms
HOW TO GET A UNIT IN COAST’S MOST SOUGHT-AFTER TOWER
The project has been described as having a “subtropical” design and will contain 108 units, including a giant four-bedroom penthouse at its peak.
It will be served by 120 carparking spaces and 32 bicycle spaces and will have a “ceremonial entry statement”.
“This entry creates a pedestrian laneway experience which is lined by subtropical landscape planting,” the planning report reads.
FULL DIGITAL ACCESS: JUST $1 FOR FIRST 12 WEEKS
“This laneway ultimately leads to a large lifestyle lobby which overlooks resident communal open space and the Nerang River.”
The tower’s open space for residents will include a combination of lounge areas, dining areas, sauna and large swimming pool on the ground levels, plus a gym, dining suite and boardroom on level 18.
The proposal, which will replace an existing house on the site, will be considered by council’s planning committee later this year.
It comes on the back of the Gold Coast’s biggest property and development boom in more than 15 years.
COAST PROPERTY PRICES ‘COULD CAUSE MARKET IMPLOSION’
Just last week, developers behind a new luxury Surfers Paradise tower announced they had sold more $55 million of units in just 10 days.
Marquee Development Partners revealed it has sold 65 per cent of its $80 million, 19-storey One Cannes tower in the handful of days since the project was approved by council in April.
The city’s real estate industry continues its rollercoaster ride, with more than $750m worth of units have changed hands in less than six months.
CoreLogic data released this week shows property values increased 15 per cent in the year to April 2021, the highest since 2006 and behind the record-setting 1986 and 2001.
Scores of developments have sold out in record time.
Six everyday truths we all learnt from Cyclone Alfred
He came, he saw, he didn’t exactly conquer, but Alfred proved enough of a menace to be never welcome back. WHAT I LEARNT
Premier hung up on own Minister during key TC Alfred call
Morayfield MP Mark Ryan has revealed Premier David Crisafulli hung up the phone while one of his own ministers was asking him a question during a cyclone call with members of parliament.