Gold Coast development: Luxury tower to transform Chevron Island street
A prolific Gold Coast developer has unveiled a $100m luxury tower in an already busy residential street on Chevron Island.
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A prolific Gold Coast developer has unveiled a $100m luxury tower in the heart of Chevron Island.
Aniko Group has lodged plans with the Gold Coast City Council for the unnamed tower, which will transform a 1518sq m site on Weemala St into a 21-storey tower.
It is the company’s first development outside of Hope Island where it has spent more than $500m in the past four years.
Aniko boss George Mastrocostas said the residential project would feature 102 units.
“We see an enormous amount of potential on Chevron Island, and we are looking forward to carrying our signature luxury formula into a new emerging destination,” he said.
“Chevron Island retains a very intimate, village feel about it, while being plugged into key Gold Coast destinations, including HOTA, Surfers Paradise, the Broadbeach dining and entertainment precinct, and stretching coastline.
“Our design will reflect this unique character, bringing coastal luxury to those in the middle market that are often priced out of quality products in idyllic locations.”
Plus Architecture has been engaged to design it.
More than 20 towers have been proposed for the island in the past seven years, but only a handful have been built.
With several now under construction, Chevron Island residents have called for the Gold Coast City Council to develop a masterplan for the area and widen the traffic bridges to reduce the congestion which already bring the Thomas Dr thoroughfare to a halt.
‘Different approach’: How tower will transform Chevron
A PROLIFIC Gold Coast developer wants to build a new luxury residential tower in the heart of Chevron Island.
Aniko Group has bought a 1518sq m site on Weemala St, with plans to replace three residential and unit buildings with a “premiere development”.
The developer has spent more than $500m on new towers in Hope Island in the past two years and it comes just days after it sold out its $125m Athena Residents project.
Aniko managing director George Mastrocostas said the new tower would be designed to “fit in” with the enclave.
“We are taking a different approach to Chevron Island in keeping with the community fabric of the island suburb,” he said.
“We are looking forward to transforming this site into a residential offering that will appeal to a broad range of buyers.
“Our aim is to create large living spaces and deliver a range of superb resident amenities that align with the convenience of the Chevron Island location.”
No details about the height or cost of the tower have been revealed.
Plus Architecture has been engaged to design it.
More than 20 towers have been proposed for the island in the past seven years, but only a handful have been built.
With several now under construction, Chevron Island residents have called for the Gold Coast City Council to develop a masterplan for the area and widen the traffic bridges to reduce the congestion which already bring the Thomas Dr thoroughfare to a halt.
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