Iris Capital reveals 71 Garfield, Surfers Paradise beachfront apartments
Three years after submitting a planning application, and two and a half years since it was approved, Iris Capital has revealed to buyers what it plans to create on its prime Garfield Terrace site.
The development, 71 Garfield, will feature just 52 apartments, ranging from two-bedroom units with multi-purpose rooms to a $25.5 million penthouse. Designed by DBI, the architecture firm behind Iris Capital’s debut Gold Coast project, V&A Broadbeach, 71 Garfield is set to offer a new level of luxury in the area.
The majority of the apartments, with spacious layouts and premium finishes, are oriented to take advantage of the beachside position. The building will offer direct access to the sand.
There are two, three and four-bedrooms, a three-level penthouse with its own private rooftop terrace on offer, as well as a rare, two-level beachfront house with four bedrooms, two living areas, and a private pool.
Residents of 71 Garfield will benefit from several luxury facilities, also oriented to capture the views. The swimming pool and gym looking directly across the water, as does the yoga deck.
On the submission to the Gold Coast City Council, DBI said 71 Garfield is "designed exclusively for the coastal environment, moving away from smaller unit types and white upstands to embrace the increasing demand for large apartments and a new level of coastal sophistication."
"Iris Capital is set to deliver a new breed of building, combining subtropical principles, fashion inspired design and a sky living experience."
71 Garfield is one of just a handful of projects active in the market on what is known as the Surfers Paradise Glitter Strip.
Garfield Terrace, on Northcliffe Beach, was mooted to go through a huge transformation several years ago, but several developments haven't gone ahead and have traded hands in recent years.
AALTO, by Weiya Holdings just next door to 71 Garfield, is now in the hands of Winx breeder John Camilleri, while prominent developer KTQ also sold its Garfield Terrace site for $56 million.
Iris Capital is working away on Victoria & Albert, its two-tower landmark which is replacing the Niecon Plaza in Broadbeach.
Iris, led by billionaire Sam Arnaout, is now a fully integrated developer, having brought construction inhouse last year when they established Iris Built.
