Monte Carlo Avenue: First look at new Homecorp tower in Surfers Paradise next to Cascade Gardens

A leading developer has unveiled plans for a “premium, yet affordable” tower next to one of the Gold Coast’s best-known parks. FIND OUT WHERE

Leading developer Ron Bakir has unveiled plans for a “premium, yet affordable” tower next to one of the Gold Coast’s best-known parks.

Homecorp have lodged fresh plans with the Gold Coast City Council for the 25-storey “resort-style” building, which is earmarked for a site on Surfers Paradise’s Monte Carlo Ave, backing onto Cascade Gardens.

The high-density building will have 116 units spread across its 25 levels, with a mixture of two to four-bedroom units.

Artist impression of the Monte Carlo tower, proposed by Homecorp for a site in Surfers Paradise. Picture: Supplied

Mr Bakir said it was critical to take pressure off the city’s housing market as it becomes increasingly unaffordable.

“This is an exceptional site with a rare combination of features that made it an unmissable opportunity,” he said.

“With seamless access to the Gold Coast light rail, moments away from vibrant retail hubs, dining precincts and the coastal foreshore, it offers an unrivalled opportunity to change the game, challenge the status quo and deliver something truly iconic.

Ron Bakir. Photo: Regi Varghese

“The strong demand for housing on the Gold Coast has continued to grow, as southeast Queensland remains one of the most desirable pockets to live in Australia, offering a rare blend of lifestyle and liveability from its coastal charm, world-class amenities, transport links and major infrastructure currently underway.

“This project has been thoughtfully crafted to capture that unique appeal, delivering a diverse collection of homes tailored to suit everyone, from growing families and downsizers to investors attracted by the region’s enduring growth potential.”

The tower is earmarked for a site next to the Cascade Gardens. Picture: Supplied

No pricing has been announced for the building, which will have 148 car park spaces.

Mr Bakir said the project would be launched to the market before Christmas.

It comes just a week after Mr Bakir backed a push to increase height limits along the light rail route at Mermaid Beach.

Homecorp has no developments in the area but he argued that it was the logical place to allow for more development to help the city meet its housing targets.

It was revealed earlier this month a group of developers and landowners were lobbying to be allowed to build larger towers on the Mermaid Beach and Miami stretch of the light rail.

They argued political leaders were “using traffic, carpark and infrastructure challenges as an excuse to stymie development”, and warned the Gold Coast will “become more unaffordable than Sydney within a decade unless they change policy.”

Originally published as Monte Carlo Avenue: First look at new Homecorp tower in Surfers Paradise next to Cascade Gardens