Imperial Square Southport: Gold Coast developer unveils surprise next stage of $3bn tower project
The developer behind plans to build the southern hemisphere’s tallest tower on the Gold Coast has unveiled the next phase of his $3bn mega project which will over something surprising.
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THE developer behind plans to build the southern hemisphere’s tallest tower on the Gold Coast has unveiled the next phase of his $3bn mega project.
Azzura Group, headed by CEO Robert Badalotti, will today lodge plans for a $500m, 40-storey tower which will become the second stage of his Imperial Square precinct in Southport, centred on a 108-storey supertower.
The new tower, Monarch Place, will be built on the 1.4ha site on the corner of Ferry Road and Meron Street and will have 223 “premium” units, more than half of which will be an “exclusive vertical retirement village”.
Mr Badalotti said all residents would be over the age of 65.
“We are thrilled to be introducing a new style of residences for the over-65 market at Monarch Place that will take downsizing to a completely new level in the heart of Southport,” he said.
“Our second tower will give residents the ideal blend of space and serenity, with our design team especially focused on those smaller details that will allow residents to live their way at Monarch Place.
“Amid all this luxury we are creating a unique lifestyle that blends an array of amenities, medical, shopping, restaurants and bars to create the carefree lifestyle that downsizers are looking for.”
Mr Badalotti said he would take the tower to the market in May and begin construction before Christmas with a completion date of 2025.
Stage one of the development, the 18-storey Regal Residences is under construction.
The third stage will be the 68-storey Imperial tower followed by the 108-level The Majesty.
The council approved the masterplan for the project in 2016.
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