Five-tower masterplan set for Southport as Marine Parade site gets pitched to developers
The whole face of Southport, the waterside suburb in the north of the Gold Coast, might be about to change with a mega development site up for grabs.
Developers will be licking their lips at the massive 13,785 sqm parcel at 60 Marine Parade which has preliminary approved plans by DBI for a five-tower masterplanned precinct which could suit a range of uses including tourism and resort facilities, hotels, various forms of residential complexes, retail precincts, cafes, restaurants, offices, and international conference and exhibition centres.
The towers can rise as high as 335 metres. DBI's highest tower is 68 levels.
The approval timeframe for the project to be realised is four months, which means progress on the development could start early next year.
The towers, on Broadwater, will offer views over The Spit, Pacific Ocean and Gold Coast skyline.
Also available under the same ownership is the adjoining retail and commercial component at 1, 1A and 5 Nerang Street, Southport.
The Queensland Government and Gold Coast City Council have already granted preliminary development approval, designating it as a Priority Development Area (PDA) within the Southport Central Business District.
Canford agents Roland Evans and Angus Cottrell are selling the site in conjunction with Cushman & Wakefield's Brad Hamilton and Josh Cullen.
"Rarely does a site of this size and location become available as a complete blank canvas," Evans said.
"The panoramic views and the surrounding facilities that the end development will experience are unmatched.”
Brad Hamilton of Cushman & Wakefield said the development is set to become the most iconic site on the Gold Coast.
"Its strategic location, coupled with the unprecedented support from the Queensland Government and Gold Coast City Council, makes it an unparalleled investment opportunity. Given the weight of capital with appetite for mixed use / living investments, we expect high levels of interest from a multitude of different purchasers," Hamilton said.
