<ul>
	<li>Walking distance to everything you need in Southport.</li>
	<li>Never leave your home - Impeccable resident amenities.</li>
	<li>Spacious and luxurious residences.</li>
</ul>

A new and magnificent empire is set to become the new cosmopolitan heart of the Gold Coast’s CBD. Introducing Imperial Square, a grand precinct that will forever transform and elevate the bustling suburb of Southport. A world-class destination for the city, an icon for Queensland and the epitome of coastal living. Azzura’s latest development has arrived. Imperial Square is a four-stage development across a site of 13,420sqm and will consist of verticallyi ntegrated commercial and accommodation complex, capturing Australia’s second largest non-resource export sector, tourism. Stage One will see the introduction of Regal Residences, a selection of 143 luxurious one, two and three-bedroom apartments with two exclusive four-bedroom rooftop penthouses. Stages Two.

Set within Regal Residences is a 4.5 star hotel, with the porte cochere welcoming guests to pursue their passion for relaxation; offering a chance to escape and indulge in the luxurious offerings within the space, including a stunning rooftop lap pool and residents’ lounge.

Whether you’re looking to entertain friends and family or simply enjoy some downtime, Regal Residences’ rooftop is filled with little pockets of gems for you to explore and escape, including an infinity lap pool, steam and sauna room, state-of-the-art gymnasium, residents’ lounge and outdoor dining area.

Proudly positioned within proximity to Southport’s CBD, Regal Residences offer its residents immediate access to some of Southport’s and the Gold Coast’s renowned locations. Define your days in your own way with a kaleidoscope of options to choose from.

<ul><li>Walking distance to everything you need in Southport.</li>
	<li>Never leave your home - Impeccable resident amenities.</li>
	<li>Spacious and luxurious residences.</li>
</ul>A new and magnificent empire is set to become the new cosmopolitan heart of the Gold Coast’s CBD. Introducing Imperial Square, a grand precinct that will forever transform and elevate the bustling suburb of Southport. A world-class destination for the city, an icon for Queensland and the epitome of coastal living. Azzura’s latest development has arrived. Imperial Square is a four-stage development across a site of 13,420sqm and will consist of verticallyi ntegrated commercial and accommodation complex, capturing Australia’s second largest non-resource export sector, tourism. Stage One will see the introduction of Regal Residences, a selection of 143 luxurious one, two and three-bedroom apartments with two exclusive four-bedroom rooftop penthouses. Stages Two.

Set within Regal Residences is a 4.5 star hotel, with the porte cochere welcoming guests to pursue their passion for relaxation; offering a chance to escape and indulge in the luxurious offerings within the space, including a stunning rooftop lap pool and residents’ lounge.

Whether you’re looking to entertain friends and family or simply enjoy some downtime, Regal Residences’ rooftop is filled with little pockets of gems for you to explore and escape, including an infinity lap pool, steam and sauna room, state-of-the-art gymnasium, residents’ lounge and outdoor dining area.

Proudly positioned within proximity to Southport’s CBD, Regal Residences offer its residents immediate access to some of Southport’s and the Gold Coast’s renowned locations. Define your days in your own way with a kaleidoscope of options to choose from.

Regal Residences Imperial Square - 59-73 Meron Street, Southport

<ul>
	<li>Construction of a 9-storey mixed use development (Building T1) was undertaken, comprising 108 units and 5 ground floor cafe/restaurant tenancies.</li>
	<li>The roof deck featured a rooftop bar, pool and communal facilities.&nbsp;</li>
	<li>Car parking for 163 vehicles as well as 74 bicycle parking spaces, 6 motorcycle parking spaces and end of trip facilities were provided.</li>
</ul>

<ul><li>Construction of a 9-storey mixed use development (Building T1) was undertaken, comprising 108 units and 5 ground floor cafe/restaurant tenancies.</li>
	<li>The roof deck featured a rooftop bar, pool and communal facilities. </li>
	<li>Car parking for 163 vehicles as well as 74 bicycle parking spaces, 6 motorcycle parking spaces and end of trip facilities were provided.</li>
</ul>

1-3 Colebatch Way, South Hedland

Rooftop facilities are the way to go on the Gold Coast.

In years gone by, the top of high-rise towers has been reserved for multi-level penthouses, likely with their own private rooftop terraces. That's often the case with more boutique, luxury buildings on the beach.

The mid-sized buildings, however, those that are between around 15 to 25 levels, often don't need a selection of penthouses. They dedicate their rooftop to outdoor recreation for the whole building.

We've had a look at what's on offer up and down the Gold Coast, and which apartment developments have the best rooftop amenity.

<h2>Project: Tapestry</h2>

<h3>Location: 39 Darrambal Street, Chevron Island QLD 4217</h3>

<h3>Developer: Siera Property Group</h3>

Siera Property Group focused on giving the residents in its debut Gold Coast apartment development, Tapestry on <a href="https://www.urban.com.au/developments/chevron-island-qld-4217">Chevron Island</a>, a full suite of facilities on its 22nd level rooftop.

The&nbsp;<a href="https://www.urban.com.au/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a>&nbsp;rooftop has&nbsp;700 sqm of amenity and features separate recreation zones for residents to relax, connect and engage in the elevated landscape.

[smartcode_project:default project_id=108641 project_image_fid=192964]

The sculptural tower, designed by the local architecture firm BDA, is crowned by a roof terrace with an infinity pool with views across Surfers Paradise, the ocean, river, and Hinterland.

The rooftop is also home to a private dining space and kitchen, which can be closed off, lounge and fire pit, yoga lawn, pool, spa and sundeck, barbecue and alfresco area, gym, sauna, steam room, and lounge area separated by extensive landscaping.

Tapestry also provides a network-connected private co-working area, ensuring a productive and comfortable work environment.

[smartcode_project:default project_id=108641 project_image_fid=192963]

Tapestry is Siera Property Group's first foray into the Gold Coast apartment market, having had success for several years developing and building in Brisbane's inner ring.

Tapestry will feature 113 apartments on Darrambal Street when it is completed by Siera's in-house building arm in late 2025.

<h2>Project: Orama</h2>

<h3>Location: 12-16 Weemala Street, Chevron Island QLD 4217</h3>

<h3>Developer: Aniko Group</h3>

Everything about <a href="https://www.urban.com.au/developers/aniko-group">Aniko Group</a>’s debut Chevron Island apartment development, Orama, has been created with the intent to provide buyers with the best experience and amenities of any project on the market in the precinct.

“<a href="https://www.urban.com.au/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a> will exude luxury, from the quality of each residence to the 550 sqm rooftop recreation area comprising a gymnasium, pool, spa, residents lounge and a host of other amenities,” said Aniko Group Managing Director George Mastrocostas.

[smartcode_project:default project_id=111898 project_image_fid=209597]

Orama's other rooftop amenity level includes a yoga and Pilates room, residents' lounge with indoor and outdoor dining options, barbecue facilities, and a fully equipped business centre.

Once complete, Orama will comprise 102 apartments on Weemala Street and include two-bedroom apartments and a range of three-bedroom skyhomes, offering panoramic views over the central Gold Coast skyline.

[smartcode_project:default project_id=111898 project_image_fid=240582]

The project has been so far popular with local downsizers and interstate migrators and is well on its way to a sellout.

<h2>Project: Esprit</h2>

<h3>Location: 217-227 Boundary Street, Coolangatta QLD 4225</h3>

<h3>Developer: S&amp;S Projects</h3>

S&amp;S Projects' under-construction apartment development <a href="https://www.urban.com.au/new-apartments/esprit-217-227-boundary-street-coolangatta">Esprit</a> in Rainbow Bay, is delivering the only rooftop wellness club atop residential apartments.

Club Esprit will span more than 1,100 sqm and will feature every wellness and recreational amenity, dubbed as offering an "elite-athlete standard of physical and mental rejuvenation."

[smartcode_project:default project_id=102921 project_image_fid=172174]

There is set to be a&nbsp;25-metre lap pool and poolside cabanas,&nbsp;a fully equipped gym, a yoga lawn, a private remedial treatment room, an ice bath, an infrared sauna, and steam rooms.

The wellness amenity is balanced by an expansive recreational space, including a children’s lawn with play equipment, a private dining room, private terraces, BBQ areas and an outdoor cinema.

<a href="https://www.urban.com.au/developers/ss-projects">S&amp;S Projects</a> is currently progressing ahead with the construction of Esprit, which is expected to be completed by the end of this year.

<h2>Project: Monarch Place</h2>

<h3>Location:&nbsp;61-73 Meron Street, Southport QLD 4215</h3>

<h3>Developer:&nbsp;Azzura Development</h3>

Roberto Badaloitt's&nbsp;<a href="https://www.urban.com.au/developers/azzura-development">Azzura</a>&nbsp;Development has also focused its amenity on the rooftop of its latest stage of its $1 billion Southport masterlpan, Imperial Square.

Designed by <a href="https://www.urban.com.au/architects/kris-kowalski-architects">Kris Kowalski Architects</a>, <a href="https://www.urban.com.au/new-apartments/monarch-place">Monarch Place</a> will introduce the first new retail and commercial tenancies of Imperial Square. Residents of Monarch Place will have access to the Monarch Imperial Club, which includes heated indoor and outdoor pools, a revitalising magnesium pool, a gym, a sauna, a beauty parlour, entertainment rooms, a cinema, a golf simulator, an art studio, library, workshop, bar, and restaurant.

[smartcode_project:default project_id=139546 project_image_fid=289605]

A 1,500 sqm childcare facility will also be available on-site.

There will also be a medical precinct serviced by leading medical specialists and a fully staffed concierge service that will fulfill on-demand yacht charters and helicopter tours to food tours with locally renowned chefs.

Joel Robinson

Gold Coast apartment developments with the best rooftop amenities

The $2.3 billion Imperial Square by Azzura, in the heart of <a href="https://www.urban.com.au/developments/southport-qld">Gold Coast's Southport area</a>, is nearing a sell out of its first stage.&nbsp;

Imperial Square has drawn in an influx of eager buyers and investors from both local and interstate markets.&nbsp;

Comprising 143 apartments, <a href="https://www.urban.com.au/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport">Regal Residences</a> delivers a mix of one, two and three-bedroom apartments, as well as two four-bedroom penthouses to the larger Imperial Square masterplan, which will see three buildings erected across the site at&nbsp;<a href="https://www.urban.com.au/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport">59-73 Meron Street</a>.

[smartcode_project:default project_id=29350 project_image_fid=154906]

Since the release of Stage 1, which saw more than 30 per cent (53) of the residences sold by the end of the first quarter of 2021, resulting in $34 million in sales, the demand for the high-end apartments has continued to surge.&nbsp;

A combination of factors has fuelled the surge in demand, with the Gold Coast experiencing a wave of interstate migration and a resurgent property market. The Imperial Square complex itself has achieved high buyer interest with its ambitious vision and offering of a plethora of amenities and luxuries.

A suite of resort-inspired amenity is on offer in the Regal Residences, including the Resident's Lounge, a gym, foyer, bar, as well as a rooftop infinity pool and seating area providing views of the coastal landscape.&nbsp;

There's only a small selection of one and two-bedroom apartments remaining in the first stage release, with prices starting from&nbsp;$420,000.

[smartcode_project:default project_id=29350 project_image_fid=154910]

The success of <a href="https://www.urban.com.au/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport">Regal Residences</a> is not an isolated case in the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast's property market</a>. According to recent CoreLogic data, Gold Coast units have consistently displayed strength in 2023. Last month alone, unit values rose by 1.5 per cent, the highest monthly gain across all capital cities in Australia, while the rolling quarterly gains of 3.9 per cent are the strongest nationwide.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/city-beat-july-2023-gold-coast-unit-market-the-strongest-in-the-country">City Beat July 2023: Gold Coast unit market the strongest in the country</a>

The robust performance in the Gold Coast's property sector is a testament to the region's appeal, drawing both local and interstate buyers looking for a coastal lifestyle amid the flourishing development and vibrant community.

[smartcode_project_cta:default project_id=29350]

Imperial Square has drawn in an influx of eager buyers and investors from both local and interstate markets

alisonwarters@gmail.com

Azzura approach sell out of Imperial Square's Regal Residences. Southport apartments

Azzura Investments are taking the master plan for its $3 billion Imperial Square mega development at Southport to the next stage, lodging a development application for a 40-level mixed-use tower that will include an exclusive vertical village for retirees.

Plans for the $500 million Monarch Place come on the heels of the first stage, the 18-level Regal Residences, which is currently under construction on the&nbsp;1.4 hectare Imperial Square site on the corner of Ferry Road and Meron Street.

Monarch Place will deliver a total of 223 premium apartments, with 140 of these residences designated for an exclusive vertical retirement village for occupants over 65.

The new tower, designed by Kris Kowalski Architects, features retail and commercial tenancies on the ground level and first floor and a range of strata-titled specialist medical suites on level two.

Azzura CEO Robert Badalotti said the success of Regal Residences allowed the group to bring the next stage of Imperial Square to the market, amid strong inquiries for apartments across the masterplanned site.&nbsp;

“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," Badalotti said.

<img alt="Render of Monarch Place" data-entity-type="file" data-entity-uuid="c352243f-888a-4f2c-aeae-c1399c8b328c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Monarch%20Place%20-%20Cam_01_Opt.jpg?VersionId=CNVqXB.zJ7KmcD79LijRh09_.5MWHUcl" />Render of the proposed Monarch Place. Image supplied.&nbsp;

Apartments in Monarch Place will offer an extensive array of layouts, from two-bedroom apartments to two-bedrooms plus study, three- and four-bedroom luxury apartments.

While 140 apartments in these configurations will be dedicated to the vertical retirement village, Monarch Place will also offer 83 freehold apartments that will offer some of the most spacious living areas available in the Southport market.

The freehold residences will have separate lift access and resident amenities.

Monarch Place will release an exclusive selection of three-bedroom and four-bedroom apartments, plus eight four-bedroom skyhomes, each with a plunge pool and spa.

[smartcode_project:default project_id=29350 project_image_fid=154912]

Topping off the development will be two penthouses featuring their own rooftop infinity pools.

The vertical retirees’ village will deliver an array of amenities for residents on level five, including a ballroom, dining, gymnasium, sauna, heated indoor pool and spa, a hairdressing salon and beauty parlour, cinema, golf simulator, art and craft studio, library, and resident workshop.

Residents will also have access to a dedicated music room, games and entertainment rooms, consulting rooms, boardroom, plus a commercial-grade kitchen and dining area with a bar and coffee lounge.

There will also be a community garden on level six.

“We’ve combined the best of Regal Residences with the very latest designs in Monarch Place, and we have created a large array of activities and high quality amenities for occupants enjoy their retirement years,” Badalotti added.

“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.” 
 
All residents of Monarch Place will have access to the level six podium which will house a hotel-tavern and restaurants, and barbecue facilities alongside an outdoor ‘kabana lagoon’ pool.

[smartcode_project:default project_id=29350 project_image_fid=154910]

“Amid all this luxury we are creating a unique lifestyle that blends an array of lifestyle amenities, medical, shopping, restaurants and bars to create the carefree lifestyle that downsizers are looking for."

Located within Southport’s designated Priority Development Area, Imperial Square comprises four stages that in future will include the 68-level Imperial Tower and The Majesty, which will rise 108 levels and become Australia’s tallest residential tower.

Imperial Square will eventually deliver around 1,600 dwellings and up to 40,000 sqm of commercial and retail space designed to activate the site into a vibrant community offering a range of services and amenities at the doorstep for residents of the Imperial Square community.

Azzura Plans to officially launch Monarch Place to the market in late May this year with construction expected to start in late 2023. The second stage of the development is scheduled to welcome its first residents in 2025.

[smartcode_project_cta:default project_id=29352]

Azzura lodge $500 million stage two plans for $3 billion Imperial Square, Southport masterplan

Azzura have kicked off construction at their $2.3 billion Imperial Square project on the Gold Coast&#39;s Southport.

Gold Coast Mayor Tom Tate turned the sod alongside Azzura founder and chief executive Robert Badalotti.

The $155 million first stage, to be built by the local construction company Descon Group Australia,&nbsp;will see the residential arm of Imperial Square,&nbsp;known as&nbsp;Regal Residences, soar 18 levels&nbsp;on the 1.34 hectare site at the corner of Meron Street and Ferry Road.

The 4.5 star hotel with 200 hotel rooms will also be part of the first stage.

Already around half of the 145 apartments in Regal Residences have sold, with Azzura&#39;s&nbsp;sales director Jason Paris pinning the strong sales on the pent-up demand for new product in the city&rsquo;s CBD hub.

[smartcode_project:default project_id=29350 project_image_fid=154912]

&ldquo;Regal Residences represents incredible value with apartments selling for an average of $6000 per square metre, which is a third of the selling price of some beachfront locations on the Coast,&rdquo; he said.&nbsp;

Regal Residences will also include a range of commercial&nbsp;spaces on completion, rooftop bars, and amenities such as rooftop infinity pool, steam room, sauna, gymnasium, spas, zen garden, BBQ and a residents lounge.

The Imperial Tower, which will rise 108 storeys, will be Australasia&rsquo;s tallest building. It will be flanked by Monarch Place, a 54-level spiral tower. 
 
Mayor Tom Tate said Azzura&rsquo;s landmark project was aligned perfectly with his &ldquo;upwards rather the outwards&rdquo; approach to future development on the Gold Coast.

[smartcode_project:default project_id=29350 project_image_fid=154906]

&ldquo;The only way is up for the sustainable future of our city,&rdquo; he said. &ldquo;We must plan for higher density along our key public transport corridors,&quot; Mr Tate said.

&ldquo;By building up, not out, means people can live where they want to, access public transport at their door and still enjoy the lifestyle and primary attractions that bring people to the coast &mdash; our beaches and open space.&quot;

Gold Coast Mayor Tom Tate turned the sod alongside Azzura founder and chief executive Robert Badalotti

Construction begins at Azzura's $2.3 billion Southport project Imperial Square

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The Melbourne Cup-winning jockey Mick Dittman has committed to buying an apartment in the $2.3bn Imperial Square development in Southport. 

Dittman made the decision after being asked to become an ambassador for the mixed-used project.

The project includes the southern hemisphere’s tallest tower, and a 45-storey “twister” tower.

[smartcode_project:default project_id=29350]

It has been popular with locals who have made up 50 per cent of sales in the development's first stage.

The $155 million Regal Residences has secured $34 million in sales, with the developer, Azurra Investments, securing 53 sales of the 145 apartments by last month, and now sees commitments to more than half.

Azzurra is headed by Robert Badalotti.

Architect Kris Kowalski has worked on the project for five years.

The Gold Coast Bulletin reported in January that the developer, Azzura Investments, was set to fast-track construction commencement before June.

Sales director Jason Paris indicated buyers who work in the Health and Knowledge precinct at Griffith University and the Gold Coast Hospital see the opportunity to buy with work and lifestyle options.

Paris said apartments are selling for an average of $6000 a square metre, with prices for a one-bedroom apartment starting at $359,000, rising to $745,000 for three bedrooms.

The projects shared amenities include a rooftop pool terrace, a sauna, spa, steam room, gym, a barbecue terrace, dining area and executive lounge.

<a href="https://www.urban.com.au/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport" target="_blank"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/imperial_square_tall.jpg" style="width: 950px; height: 1692px;"></a>

Imperial Square is located on a 1.34ha site bounded by Ferry Road, Meron Street and Gillian Lane.

It will have three landmark towers on completion, including the 108-storey Imperial Tower and the 54-level Monarch Place.

In 2018 Dittman sold his purpose-built horse stable complex on the Gold Coast for $2.5 million.

The 3001-square-metre Racecourse Drive, Bundall facility was part-owned by Dittman, who was listed in the Australian Racing Hall of Fame in 2002.
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Queenslander Mick Dittman has committed to buying an apartment in the southern hemisphere’s tallest tower project

jchancellor

Jockey legend Mick Dittman secures off the plan apartment in Southport's Imperial Square 

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Local owner-occupiers have descended on Regal Residences, stage one of Azzura's $2.3 billion Imperial Square mixed-use development in Southport.

Locals have made up over 50 per cent of the sales so far, with 53 of 145 of the apartments sold.

That's seen Azzura, like many developers in South East Queensland, fast-track construction of the $155 million first stage following a flurry of sales which have totalled $34 million.

Azzura’s sales director Jason Paris said the strong sales were reflective of the demand for new product in the city’s CBD hub.

[smartcode_project:default project_id=29350]

“We’ve got buyers who work in the Health and Knowledge precinct at Griffith University and the Gold Coast Hospital and they see the incredible opportunity to buy well in a central location with work and lifestyle options all so close at hand,” said Mr Paris.

“We’ve seen a mix of first-home buyers and downsizers who see the incredible value in such a central location.

<a href="https://www.urban.com.au/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport"><img alt="" height="533" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/regal_living.jpg" width="1200"></a>

“Regal Residences represents incredible value with apartments selling for an average of $6,000 per square metre which is a third of the selling price of some beachfront locations on the Coast.”

Regal Residences is the first stage in a stunning masterplan that will include 200 hotel suites on the Imperial Square site, located on 1.34 hectares at 59-73 Meron Street in Southport. 

<a href="https://www.urban.com.au/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport"><img alt="" height="1600" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/regal_hotel.jpg" width="1600"></a> 
Additional stages in the Imperial Square project include The Imperial Tower, a 108-storey building set to become Australasia’s tallest building and Monarch Place, a spiral architectural masterpiece.

Buyers within the first stage will enjoy the amenities on offer across all buildings. 

Stage 1 has been designed to set the standard for the master-planned Imperial Square development that will include a range of commercial and business spaces upon completion, rooftop bars, and luxury amenities such as a rooftop infinity pool, gymnasiums and spas, a cinema and spectacular views to the ocean. 

About the developer

Azzura Investments is headed by company founder Robert Badalotti who has delivered an impressive portfolio of award-winning projects since 1989 stretching from the northern Gold Coast to Byron Bay in northern NSW. These projects comprise more than 2600 residential dwellings, 24 commercial developments and six international resorts. 
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Azzura’s sales director Jason Paris said the strong sales were reflective of the demand for new product in the city’s CBD hub

Locals snap up Azzura's Regal Residences in Southport

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Demand for apartments in the Gold Coast hotpsot Burleigh Heads continues to soar as a surge of interstate buyers is creating a critical shortage of supply, particularly for three bedroom apartments which are being snapped up by downsizers.

That's the view of the local estate agents, who are even seeing old and ageing apartments sell for premium prices.

Adam Young of Burleigh Heads’ Black and Young Real Estate, who has been selling real estate in the area for over three decades, says he has never seen the market in Burleigh so strong.

"Burleigh is the ‘go to’ destination on the Gold Coast as a lifestyle, entertainment and dining precinct and real estate sales are reflecting the suburb’s newfound popularity.

“The market is very strong, driven by interstate migration and downsizers who see apartment living in Burleigh Heads as under-valued given its central location and the national park setting which is not unlike Noosa,” Young says.

"We have swathes of interstate buyers who think we are under-valued, and they are probably right."

Young says the problem in Burleigh is that there are very few three bedroom apartments on the market and those that are put on the market are snapped up very quickly.

“You only have to look at what happened with Spyre Group’s Natura project under construction at Burleigh Heads to see the demand, as they sold 25 apartments our of 33 in one weekend last year.

[smartcode_project:default project_id=27699]

“But the market has gone north since then and people are prepared to pay big dollars to secure three bedders that are rare as hen’s teeth.”

There's also been big money sales away from the new luxury developments. An ageing three bedroom apartment on The Esplanade just sold for $2.5 million, more than $600,000 over its reserve.

There was another unrenovated apartment that sold for $1.5 million off-market.

Burleigh is set for a new development, 88 Burleigh, with Gold Coast development company Allure Property Corporation <a href="https://www.urban.com.au/expert-insights/buying/plans-lodged-for-new-burleigh-apartment-development-88-burleigh">lodging plans for the boutique luxury apartment project</a>.

Allure paid $13 million for the 809 sqm site on The Esplanade and have had DBI design the 27 apartment, 17 level tower wrapped in glass.

[smartcode_project:default project_id=92609]
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Adam Young of Burleigh Heads’ Black and Young Real Estate says he has never seen the market in Burleigh so strong



Downsizers descend on Burleigh Heads as apartment supply shortage becomes critical

The booming Gold Coast market is seeing apartment developers, flush with a flurry of quick sales, fast-tracking the&nbsp;proposed construction date of their new developments.

Cabana at Palm Beach, the luxury six&nbsp;level absolute beachfront block at 1 Nineteenth Avenue from Ignite Projects, is now expected to commence construction as early as June, having seen 23 of its 34 apartments sell within two weeks of its launch.

They sold for a combined $52 million, an average price of $2.26 million.

The Plus Architect-designed apartment building is now slated for completion in late 2022, rather than early 2023.

[smartcode_project:default project_id=84861]

Now Gold Coast developer Azzura are looking to fast-track construction of the first stage in their $2.3 billion Imperial Square development in Southport.

Part of the project will be a 108-level tower, set to be one of Australia&#39;s tallest buildings.

Azzura have seen over $22.5 million in sales since launching the Regal Residences which comprises 145 apartments and 200 hotel suites in an 18-level tower. 53 of the apartments have sold, with a further 15 reserved by potential buyers.

<a href="https://www.urban.com.au/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport"><img alt="" height="1200" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/regal_residences.jpg" width="1200" /></a>

Construction will now start in the coming months, with Azzura reserving a further 15 apartments for exclusive potential buyers.

Azzura&rsquo;s sales director Jason Paris says if apartment sales continue at the current pace, all remining apartments could be sold within the next six to eight weeks.

&ldquo;We&rsquo;ve experienced a solid pace of inquiries for apartments in this debut offering at Imperial Square since January,&rdquo; said Mr Paris.

&ldquo;Local buyers have included a mix of first-home buyers and downsizers, all looking for the lifestyle this central location has to offer.&rdquo;

Interstate buyers account for about half of the sales which have been struck at an average price of $425,000 as buyers take advantage of the project&rsquo;s incredible value.

&ldquo;Many of these buyers have sought a solid investment that will deliver a positive cash flow, which is supported by a shortage of quality properties in central locations on the Gold Coast,&rdquo; said Mr Paris.

&ldquo;Some of the buyers plan to spend the winter months in their Regal Residences apartment and rent it for the rest of the year. Others plan to rent it for two or three years before eventually retiring on the Gold Coast.&rdquo;

Regal Residences presents buyers with a choice of one-, two- and three-bedroom apartments.

Residents will also receive an&nbsp;Imperial Cub membership, including a complimentary stay for a week over five years for a friend or relative in the Regal Residences hotel. Membership includes valet parking and discounted prices at bars and restaurants in the development.

&nbsp;

The booming Gold Coast market is seeing apartment developers, flush with a flurry of quick sales, fast-tracking the proposed construction date of their new developments.



Which Gold Coast apartment developments are being fast-tracked due to strong sales?

Buoyed by strong sales, developer Azzura Investments is looking to accelerate construction on the $2.3 billion Southport development, Imperial Square.

Regal Residences, the first stage of the development, has achieved $22.5 million in sales across 53 apartments since its launch mid-last year.

According to the developers, sales picked up after buyers flocked to the Gold Coast during the busy holiday period, with a further 15 apartments reserved by potential buyers.

As a result, the Gold Coast developer is hoping to fast-track its construction.

[smartcode_project:default project_id=22476]

Situated at 59-73 Meron Street, Imperial Square&rsquo;s first stage will rise 18 levels and offer 145 apartments and 200 hotel suites.

&ldquo;We&rsquo;ve experienced a solid pace of inquiries for apartments in this debut offering at Imperial Square since January,&rdquo; said Azzura&rsquo;s sales director Jason Paris.

&ldquo;Local buyers have included a mix of first-home buyers and downsizers, all looking for the lifestyle this central location has to offer&rdquo;, he said.

Upon completion, the master-planned Imperial Square will offer a range of commercial and business spaces, rooftop bars and luxury amenities.

One-bedroom apartments in the complex start from just $349,000, and residents will enjoy valet parking and discounted prices at bars and restaurants in the development.

Azzura is also offering residents a complimentary stay for a week over five years for a friend or relative in the Regal Residences hotel. 
&nbsp;

<h2>Other amenity-rich developments on the Gold Coast</h2>

1. Chevron One, Surfers Paradise 
Address: 36-44 Stanhill Drive, Surfers Paradise QLD 4217 
One-bedroom apartments from $480,000

[smartcode_project:default project_id=6515]

Situated in Surfers Paradise, Bensons Property Group&rsquo;s Chevron One boasts intuitive design and quality finishes. Cooking for the family has been made easy in kitchens designed by the renowned chef, Shannon Bennett.

Designed by Marchese Partners, the development includes a Club One residents&rsquo; lounge, floating cinema, sculptured gardens and dining facilities. 
&nbsp;

2. Cabana, Palm Beach 
Address: 1 Nineteenth Avenue, Palm Beach QLD 4221 
Three-bedroom apartments from $2,325,000

[smartcode_project:default project_id=84861]

Delivered by Ignite Projects and designed by Plus Architecture, Cabana offers a collection of 34 apartments, fringed with coconut palms and offering views over Palm Beach and the Gold Coast hinterland.

Cabana boasts an exclusive residential living experience, including a residents&rsquo; retreat, ocean-facing infinity pool, cabana-style daybeds and an open-air recreation and entertainment space.

Buoyed by strong sales, developer Azzura Investments is looking to accelerate construction on the $2.3 billion Southport development

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