Marquee Development Partners sell out Chevron Island's The Catalina as demand surges at Shoreline
The Gold Coast developer Marquee Development Partners has secured a sell out of its Chevron Island apartment development The Catalina.
It comes as demand continues to soar in the Gold Coast apartment market, with Marquee's nearby development Shoreline, nestled between Broadbeach & Surfers Paradise, seeing plenty of enquiry.
The Art Deco-inspired The Catalina, designed by BDA Architecture, comprises 75 apartments across its nine levels and also homes a pool, gym, private dining and rooftop residents club.
The final sale was to a local university staff member who paid $855,000 for a 191 sqm, three bedroom apartment with views over the Nerang River.
The Catalina is due for completion in Q4 2021 and will be Marquee's second building developed on Chevron Island. In 2020 they completed their 61 apartment project Stanhill, which won the 2020 Master Builders Award for best Residential Building in both the Gold Coast and QLD.
The Catalina project averaged mid $500,000’s for quality two bedroom, two bathroom apartments and mid $700,000’s for three bedroom, two bathroom apartments," Marquee's sales director Azura Griffen said.
“This project demonstrates that there is a local market demand for projects that offer value and are within reach of their borrowing capacity," Griffen added.
"It offers purchasers the opportunity to have access to well-priced real estate with a Surfers Paradise address," Griffen said.
The entry lobby in The Catalina. Image supplied
The Catalina is the second apartment project Marquee have sold out in recent months, having seen huge success in Palm Beach where they are developing Cabana, the 34 apartment project across six levels.
Sales were so quick Marquee have brought construction forward, now set to start in June with a late 2022 completion date.
Now attention is firmly focused on Shoreline, Marquee''s boutique 27 apartment project between Surfers Paradise and Broadbeach.
Towering 17 levels above Old Burleigh Road, Shoreline comprises two and three bedroom apartments which start from $1.1 million.
Also designed by BDA Architecture, Shoreline features a Magnesium pool with sun lounges, a wellness centre with spa and sauna, a gym with reformer pilates, private residents rooftop bar and lounge with 270-degree views and work from home and office facilities.
About the developer
Marquee are passionate about creating award-winning communities that marry luxury, quality & value.
With multiple awards to their name, Marquee also boast a current and recent pipeline of over $400 million worth of projects on the Gold Coast.
