Gold Coast

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When it comes to purchasing a property off-the-plan in the vibrant region of <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast, Queensland</a>, it's crucial to approach the process with careful consideration and thorough research. Buying off-the-plan can be an exciting opportunity, offering the potential for significant capital gains and a chance to secure your dream home or investment property.

Laura-Jade, the Director of <a href="https://bymanifesto.com/">Manifesto</a>, a full-service creative practice collaborating with developers and projects teams, sheds light on the essential factors buyers should bear in mind to ensure a smooth and successful off-the-plan property purchase in this beautiful coastal paradise. With years of experience in the industry, Laura-Jade shares invaluable tips to help you make an informed decision that aligns perfectly with your needs and aspirations.

<a href="https://www.urban.com.au/developments/gold-coast-qld">Discover New Properties on the Gold Coast</a>

One of the critical aspects to consider is the developer's track record. Conducting thorough research into the developer's past projects can provide valuable insights into their reliability and success rate. A reputable developer with a history of delivering quality projects instills confidence in the investment and minimises potential risks.

By taking these factors into account and conducting comprehensive research, you can confidently navigate the off-the-plan property market on the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a>. Laura-Jade's expert advice, backed by <a href="https://bymanifesto.com/">Manifesto's</a> industry expertise, ensures that you are well-equipped to seize the opportunities presented by this dynamic market while mitigating potential challenges. So, approach your off-the-plan purchase with diligence, and you'll be one step closer to realising your property ownership dreams in this coastal paradise.

Laura-Jade, the Director of Manifesto, a full-service creative practice collaborating with developers and projects teams, sheds light on the essential factors buyers should bear in mind to ensure a smooth and successful off-the-plan property purchase in this beautiful coastal paradise. 

Urban Editorial

What to look for when buying off the plan on the Gold Coast

Despite persistent labour shortages and price volatility in materials such as timber and metal, there are indications that the pressure on construction costs is beginning to ease.

According to the Cordell Construction Cost Index (CCCI) by CoreLogic, which tracks the cost to build a typical new home, the growth rate for the first three months of 2023 was 0.9 per cent, a level not seen since March 2021.

The quarterly growth rate was less than half the Q4 2022 figure of 1.9 per cent, and there was a significant slowdown compared to the September quarter results of 4.7 per cent.

The annual growth rate of 10.2 per cent eased back from an index high of 11.9 per cent recorded in the 12 months to December 2022, which was the largest annual increase on record, excluding the period impacted by the introduction of the GST.

The news will be welcomed for the many developers set to undertake projects across the state, including&nbsp;Consolidated Properties Group who recently launched their Toowong project Monarch Residences as well as Sekisui Australia who are currently underway with their West End project, West Village.&nbsp;

[smartcode_project:default project_id=113455 project_image_fid=211490]

Although the growth in construction costs is easing, the annual rate of change remains 2.8 times higher than the pre-COVID five-year average of 3.6 per cent. Queensland had the highest quarterly and annual growth changes of 1.2 per cent and 11.6 per cent, respectively.

CEO of Gold Coast based Orchard Property Group, Ted Cronin, said the easing of construction costs is welcome news for the housing industry, which has been struggling to keep up with demand due to high costs and supply chain issues.

“Construction costs are finally showing signs of easing after two years of consistent increases, which is extremely positive news for both homeowners and builders.” said Cronin.

[smartcode_project:default project_id=114215 project_image_fid=210749]

“This is a great development for the industry, as we've seen many builders and contractors struggle with rising costs over the past few years.

“We faced significant supply and resource constraints on the delivery of subdivisions compounded by timber shortages for builders, and that led to a lot of frustration for all of us, including buyers.”

The annual growth rate of 10.2 per cent eased back from an index high of 11.9 per cent recorded in the 12 months to December 2022

alisonwarters@gmail.com

Construction costs set to ease?

Sydney-based property developers Garfield Development's venture into the Gold Coast is well under way, with the start of construction bringing their Surfers Paradise project closer to fruition.

Absolute beachfront tower Aspire will comprise just 37 residences over 24-levels, with residents set to enjoy a host of resort-inspired amenities.&nbsp;

Aspire's ground floor houses some of the amenity offering, where the features include an infinity pool taking in expansive ocean views.&nbsp;The ground floor also boasts a fully equipped gym, as well as a residents lounge, a surfboard and sports storeroom and entertainment areas.&nbsp;

[smartcode_project:default project_id=111652 project_image_fid=197880]

Stepping up to level one in Aspire, a number of communal areas are scattered around. A second gym finds a space in level one, along with a steam room and infrared sauna, a yoga room and an additional owner's lounge, complete with a kitchen and bar.

Aspire also offers residents a range of break-out spaces and modern office areas, including an oversized conference room complete with TV for hosting presentations and virtual meetings.

The landscaping design by Project Landscape offers lush greenery from the covered entry, to the pool area and lawn terrace. Greenery cascades from the first level podium, providing a verdant backdrop to the communal spaces.&nbsp;

Along with the in-house amenities, Aspire sits on the doorstep of one of the world’s most famous stretches of sand and surf – Surfers Paradise Beach.

[smartcode_project:default project_id=111652 project_image_fid=197892]

The location is a major drawcard – Aspire occupies a rare absolute beachfront site in the exclusive Northcliffe pocket of Surfers Paradise and is right on the cusp of Broadbeach.

“Buyers love the fact that this is a residents-only boutique building on absolute beachfront,” says Kollosche New Projects sales agent John Mayer.

“We’re finding that people want smaller buildings with fewer neighbours and the convenience of stepping out of your apartment and onto the sand – that is the ultimate luxury," Mayer said.&nbsp;

An array of boutique cafes, restaurants, and recreational offerings are all accessible within walking distance of Aspire.

Aspire’s pet-friendly features are also attracting the attention of buyers, who appreciate the Juliette balcony that can be lined in artificial grass to accommodate pets. The footpath that runs along the beachside of the building is ideal for morning and afternoon walks.

[smartcode_project_cta:default project_id=111652]

We've taken a look inside all the amenity on offer for residents in the beach fronting Surfers Paradise apartment project, Aspire. 

Explore Aspire's resort-inspired amenities

An address on the Gold Coast has long been enviable.

Famed for its iconic golden beaches and impressive surf, the stretch south of Brisbane has been a hotspot for interstate buyers and downsizers, looking for a scenery change, home to some of the country's most notable suburbs.&nbsp;

Here at Urban, we've wrapped up the best two-bedroom apartments along the sandy strip, coming in under $1 million.

<h2>Nina, Chevron Island</h2>

[smartcode_project:default project_id=108640 project_image_fid=186291]

The contemporary&nbsp;<a aria-label="Chevron Island - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" href="https://www.urban.com.au/developments/chevron-island-qld" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/developments/chevron-island-qld$chevronisland">Chevron Island</a>&nbsp;apartment development, Nina, by&nbsp;Macquarie York, has two-bedroom apartments priced from $725,000.

The $90 million development will soon rise at 8-10 Parneno Street, just around the corner form the under-construction Allure, another one of Macquarie York's projects.

[smartcode_project:default project_id=108640 project_image_fid=186591]

Nina will have&nbsp;78 apartments over 23 storeys, including a selection of six premium skyhomes and two multi-level penthouses that offer views east to the Pacific Ocean and west to the Gold Coast Hinterland.

On the ground floor residents will have access to a secure bike storage area at the building’s entry, while a mezzanine level above the ground floor will host a wellness centre to include a yoga deck, a large gym, sauna and shower facilities, all set in lush landscaping.

<h2>Yves, Mermaid Beach</h2>

[smartcode_project:default project_id=102451 project_image_fid=186075]

Hirsch &amp; Faigen's $200 million Mermaid Beach project, Yves&nbsp;is a contemporary collection of three towers, launched just before the end of 2021.&nbsp;marking&nbsp;Hirsch and Faigen's&nbsp;third Gold Coast development.

Locals have been a driving force amongst sales so far, with over half the residences already sold.&nbsp;

Yves will comprise 145 apartments across three 26-level towers upon completion, designed by&nbsp;Rothelowman, who have been Hirsch and&nbsp;Faigen's go-to architect on the Gold Coast.

[smartcode_project:default project_id=102451 project_image_fid=186078]

Yves two-bedders start from $875,000 across 95 sqm, with two-bathrooms and one car space.&nbsp;

The apartments are designed with the owner-occupier in mind, benefitting from features&nbsp;such as integrated wine fridges, recessed drapes tracks and seamless flooring, which connects living areas to the adjoining balconies, providing a more expansive living space.&nbsp;

<h2>Victoria &amp; Albert</h2>

[smartcode_project:default project_id=107928 project_image_fid=184936]

Construction of the $1 billion&nbsp;<a href="https://www.urban.com.au/developments/broadbeach-qld" target="_blank">Broadbeach development</a>, Victoria &amp; Albert, is looming, following a $200 million sales spree at the Gold Coast apartment project.

The 399-apartments are spread over&nbsp;two towers – Victoria and Albert – the first catering to an investor market and the second to an owner-occupier market.

Spurred by strong sales in the project’s preliminary release of apartments in its Victoria tower, Iris&nbsp;fast-tracked the launch of its sister-tower, Albert Residences, to meet growing demand for apartments on the Gold Coast.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=184933]

Two-bedroom apartments begin from $840,000, covering 103 sqm with one-bathroom and one car space.

Albert Residences will feature 121 oversized apartments upon completion, with its own private amenity, separate from the Victoria offering,&nbsp;including a 25-metre heated lap pool, spa, lounge, wine cellar, gym, zen garden, steam and sauna rooms, fire pit and yoga studio, all across the level four floorplate. &nbsp;

The entire level 40 rooftop will also enjoy private dining space and a chef’s kitchen, along with indoor and outdoor barbecue areas, an extensive sky lounge, cellar, cards room, library, as well as multiple indoor and outdoor entertaining areas.

[smartcode_project:default project_id=107928 project_image_fid=198887]

The project is expected to take roughly three and a half years to complete, with completion slated for January 2026.

<h2>Lagoon, Main Beach</h2>

[smartcode_project:default project_id=108747 project_image_fid=190743]

The biggest Main Beach apartment development in three decades is being fast-tracked to the market after strong initial interest on the two-tower project.

Lagoon Main Beach, which is being developed by local&nbsp;<a aria-label="Drew Group - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" href="https://www.urban.com.au/developers/drew-group" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/developers/drew-group$drewgroup">Drew Group</a>, will comprise 248 one, two and three-bedroom apartments across two towers, Sunrise and Sunset, each taking in views of either the Pacific Ocean or the hinterland.

A range of two-bed floorplans are on offer at Lagoon, with prices starting from $950,000.

[smartcode_project:default project_id=108747 project_image_fid=191661]

With a floorspace of 125 sqm, the two-bedders also benefit from two-bathrooms and two-car spaces, located on Cronin Avenue, just 100 metres from the Tedder Avenue lifestyle precinct.

The $390 million project comes with a high-end range of amenities designed to compliment the coastal way of life, including a pool oasis with private cabanas, indoor and outdoor lounges, fitness centre, yoga deck, surfboard storage, business hub and heated spa.

Construction is expected to commence on the approved development later this year, with completion slated for mid-2025.

<h2>Amaya, Broadbeach</h2>

[smartcode_project:default project_id=111866 project_image_fid=205111]

Amaya is set to be one of the most sought after new-build residential properties on the coast.

Signalling a return to the Gold Coast market for Canberra-based developers, Amalgamated Property Group, Amaya sits just 300 metres from the beach, with the 33-level tower delivering a mix of two and three-bedroom apartments.&nbsp;

The DBI-designed tower features four apartments across each of its levels, with a focus on creating and maintaining a connection with nature in each of the residences.&nbsp;

Having already received strong interest from both local and international markets, it's expected the 120 luxury Amaya apartments will sell out ahead of completion which is slated for 2024.

[smartcode_project:default project_id=111866 project_image_fid=205113]

Two-bed configurations begin from $830,000, spanning from 100 sqm or more, complete with two-bathrooms and one car space.

Future resident's will also benefit from the development's podium level, reminiscent of a beachside resort, featuring a sauna, steam room, resident’s lounge and dining room, a pool, gym, outdoor patio and recreation space and barbecue facilities.&nbsp;

<h2>Mirador, Chevron Island</h2>

[smartcode_project:default project_id=107520 project_image_fid=183051]

Set in the heart of the Chevron Island village comes Citimark Properties' Mirador.&nbsp;

After the group cut apartment numbers from 164 to just 71, making the development more high-end, the residences feature larger floorplans, delivering a mix of two, three and four-bedrooms.

A unique blend of built form and nature, Mirador has been designed by Cottee Parker as part of the coastal identity of the island.

[smartcode_project:default project_id=107520 project_image_fid=183049]

The two-bedroom apartments start from $895,000 in Mirador, with two-bathrooms and one car space.&nbsp;

Extensive landscaping is also a key design feature, with cascading greenery softening the built form whilst providing a lush subtropical backdrop to the residential recreational spaces including the pool, gym, wellness and barbecue areas.

[smartcode_project:default project_id=107520 project_image_fid=183047]

We've wrapped up the best two-bedroom apartments along the sandy strip, coming in under $1 million.

The top six two-bedroom apartments on the Gold Coast under $1 million

Queensland-based, Greyburn has started construction on their Robina Grand Residences.&nbsp;

The building company with over 35 years’ experience achieved strong sales in the early stages of planning, with the development notching over the 90 per cent sold mark, accruing $45 million in sales to date.&nbsp;

Sitting just a stone’s throw from one of the Gold Coast’s premier shopping outlets, Robina Town Centre, Robina Grand Residences will comprise 69 apartments and four townhouses across its eight levels, offering a mix of two and three-bedroom apartments, along with the four-bedder townhouses.&nbsp;

Strong sales for the project have been attributed to the project’s cornering of the middle market, offering buyers luxurious living spaces for affordable prices.

<img alt="Image of construction commencing on Robina Grand Residences" data-entity-type="file" data-entity-uuid="e76cbfea-b01b-49c1-a52e-340eb3d87006" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2022-08-05%2007.36.02.jpg?VersionId=fxOWtEoc7FH6vpO0e8N7pFCJzlCwSarE" />

Approaching a near sell out, Greyburn’s Co-Director, Aaron Hook, said the company was well positioned to deliver Robina Grand Residences, having delivered a variety of projects in the past, with construction costs of between $2 million and $30 million.

“Given that demand on the southern Gold Coast is higher than ever, we are excited to be commencing construction to bring this collection of ultra-desirable homes to life,” he said.

“Greyburn are well placed to navigate any issues facing the industry that may arise during our construction period, after we recently stepped in to complete construction on Minnippi Quarter following the collapse of Condev,” Hook added.&nbsp;

Taking its place at 1 Waterfront Place, Robina Grand Residences are also set to feature a suite of resort-style facilities, including a swimming pool and outdoor area with dining space and seating, set amongst sculptured landscaped gardens, with views to the Gold Coast skyline, hinterlands and iconic coastline.&nbsp;&nbsp;

<img alt="Render of the Robina project, Robina Grand Residences" data-entity-type="file" data-entity-uuid="0248f245-c022-4e7d-ae58-1592eb88dec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/RobinaGrand_EXT02_Back.jpg?VersionId=iDcoEshL8lV416ub4gKDo.tyyGLRftmW" />

The development will also include a fully-equipped gym and exercise health centre, featuring a pilates and yoga room, along with separate lounge areas, and retreat and games rooms.&nbsp;

Having built up an extensive portfolio in south-east Queensland, Robina Grand Residences joins a long list of successful residential projects under Greyburns belt, including the luxury apartments ORO in Biggera Waters, and Palladium in Hope Island.&nbsp;

Completion for Robina Grand residences is scheduled for late September 2023.

[smartcode_project_cta:default project_id=112846]

Robina Grand apartments achieve $50 million in sales as construction commences

A major landholding within the master-planned Queen Street Village precinct at Southport has been placed on the market, presenting one of the biggest development opportunities in the Gold Coast’s central CBD in a number of years.

The landholding, comprising three adjoining sites totalling 5401 sqm, is being presented collectively to the market by Colliers through an expressions of interest campaign under the instructions of the mortgage exercising power of sale.

Colliers has called for expressions of interest in lots seven, eight and nine, which are located at the corner of Nerang Street and Queen Street, and already have preliminary planning approvals in place.

<img alt="Birdseye cityscape" data-entity-type="file" data-entity-uuid="26e4f82a-3f89-44e1-ad2f-b78cda4176fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/City%20Scape%20Hero.JPG?VersionId=psDCyCKBBeqg87mCpMAeErBPCgi9._Ch" />

The sites, located just one-kilometre from the Southport Broadwater and the Broadwater Parklands, are within the Southport Priority Development Area which allows for multiple uses without height restrictions.&nbsp;

Lot seven spans 1,787 sqm, with preliminary approval for a 12-storey apartment building comprising 52 units, along with a string of residential amenities, such as a rooftop terrace.&nbsp;

Lot eight, with a land area of 2,414 sqm, holds preliminary approval for a student accommodation facility comprising 480 beds, while lot nine comes with a land area of 1,200 sqm, located along Nerang St, with approval for a 14-storey hotel building, providing 160 suites and a rooftop terrace.&nbsp;

The sale is being jointly co-ordinated by a trio of Collier’s senior Gold Coast team, with Steven King, the Gold Coast Director in Charge at Colliers and Colliers Directors, Development Sites, Troy Linnane and Brendan Hogan, taking the reins.&nbsp;

Steven King spoke to the emerging suburb, pinning it as one of the Gold Coast’s most active development zones, with the site presenting a significant opportunity in the heart of the city’s designated CBD.&nbsp;

“It’s one of the largest sites to come on the Gold Coast market in many years and offers development interests the option of moving quickly and bringing to market the existing development proposals or to create a new landmark legacy within the Queen Street Village master plan,” King said.&nbsp;

“We anticipate the scale of the site and the advanced stage of approvals currently in place will garner considerable national interest at a time of severe undersupply in the Gold Coast residential market.”

The Queen Street Village holding is strategically located adjacent to the Nerang Street Light Rail Station, providing direct access to the Gold Coast’s key employment nodes such as the Gold Coast University Hospital and the Griffith University to the north.&nbsp;

It also provides access to the tourism and lifestyle hubs of Surfers Paradise and Broadbeach, including The Star Casino and Pacific Fair Shopping Centre, which are to the south.

“The corner location offers a high level of exposure to both Nerang and Queen Streets for any proposed development,” said Linnane.

“The three lots also benefit from multimillion-dollar expenditure in development works that have already been completed to date for the Queens Street Village development, and they also carry applicable infrastructure credits.”

<img alt="Birdseye cityscape " data-entity-type="file" data-entity-uuid="78d137dd-fc55-4212-97aa-a9653b07c091" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Birds%20Eye%20Hero.JPG?VersionId=r2XahbQH.RVNGTJOBuLGIwMS3GpLGnjf" />

Hogan said the Southport holding presents a prime ‘shovel ready’ opportunity to capitalise on robust market conditions in the Gold Coast residential and tourism market.

“Record low residential vacancy rates, together with strong population growth, major investment in infrastructure and a rebounding tourism sector have put the Gold Coast on a strong trajectory to continue its post-pandemic boom well into the coming decade,” said Mr Hogan.

“A potential buyer could conceivably move into development of this site quite quickly, but because of its location within the Southport Priority Development Area Precinct 1, it presents an opportunity to explore multiple alternate uses.”

Precinct One defines the central Southport area as one of regionally significant commerce that will deliver a hub of innovative business, economic activity, entertainment, and leisure, with high levels of public transport connectivity to the rest of the city.&nbsp;

This zoning allows development of a diverse mix of residential and non-residential CBD uses such as offices, showrooms and health care services.&nbsp;

Colliers will provide qualified parties access to further information, including current approvals, upon request.

The expressions of interest campaign will close on Thursday 27 th October 2022 at 4pm.

The site is also positioned within the emerging Queen Street Village development, with the first stage recently opened, delivering a Supa IGA supermarket, Dendy Cinemas and a range of specialty retail tenancies.&nbsp;

Further developments proposed as part of the Queen Street Village master plan include two residential apartment towers that will deliver a total of 216 units and a vertical retirement village.

The landholding, comprising three adjoining sites totalling 5401 sqm, is being presented collectively to the market by Colliers through an expressions of interest campaign under the instructions of the mortgage exercising power of sale.



Colliers launch expressions of interest campaign for ‘shovel ready’ development in the Southport CBD

Construction has started on Niecon’s Mermaid Beach apartment project, Ventura Residences.

The renowned construction firm Hutchinson Builders have been appointed as head contractors, with completion for the 45-apartment project slated for mid-2023.

The Ventura Road development, just 250 metres from the Mermaid Beach sand, has been a hit with owner-occupiers, who have snapped up all of the two-bedroom apartments on offer.

There's still a handful of three and four-bedroom north-facing apartments, which feature city skyline and ocean views, as well as two exclusive villas.

[smartcode_project:default project_id=108737 project_image_fid=199486]

Both the villas front the serene Mermaid Park and include upgraded Miele appliance packages and stone benchtops.

Villa One spans 374 sqm of living space across its two levels, and features four-bedrooms, four bathrooms, and two car spaces.&nbsp;

Villa Two is spread over three levels and features a private rooftop terrace with ocean views.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199487]

Spanning 308 sqm, Villa Two has three bedrooms and three bathrooms, and also has two car spaces.&nbsp;

Since its first projects in 1978, Niecon Developments has become one of the leading property development companies on the Gold Coast.&nbsp;

They've appointed the equally regarded Hutchinson's one of the most in demand&nbsp;construction firms across Australia. They date back well over a century.

Founded in 1912, current chairman, Scott Hutchinson, is now the fourth generation Hutchinson to preside over the business, with their extensive workbook seeing the group deliver around $2.5 billion worth of projects annually, including everything from sports stadiums to hotel towers.

[smartcode_project_cta:default project_id=108737]

There's still a handful of three and four-bedroom north-facing apartments, which feature city skyline and ocean views, as well as two exclusive villas

Hutchies start build on Niecon's Mermaid Beach apartment development, Ventura Residences

Construction industry boss Mick Power and wife Denise are set to develop an impressive two tower apartment project in the heart of Surfers Paradise.

The couple, who last year sold their prime Garfield Terrace site to Weiya Holdings for $30 million, will be developing two towers just a few hundred metres away at 1921 Gold Coast Highway, a sprawling 3154 sqm site the Power’s tried to sell late last year.&nbsp;

Part of the site is the popular D’Arcy Arms tavern, which will make way for the towers, dubbed Aubrey and Frederick after each of their locations on the corners of Frederick and Aubrey Streets.

<img alt="The Aubrey and Frederick towers" data-entity-type="file" data-entity-uuid="9c1649be-8991-4ac5-a572-d49d3ec60a7e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-31%20at%2010.47.58%20am.png?VersionId=4GiYnUGdH9gn7sk_sT6aSObp61czAIu9" /> 
How the two towers will sit in the Northcliffe precinct. Image credit: Buchan Group

It will be the 33-level Frederick Street building which will rise from The D’Arcy. That’s set to have 25 serviced apartments on levels four to eight, set above three hospitality spaces and below 72 one, two and three-bedroom apartments.&nbsp;

There will be 12 one-beds, 34 two-bed apartments, and 26 three-bedders. There will be a pool on level three as well as lounge spaces, and the level nine recreation deck, dividing the serviced apartments and the rest of the tower, will have a further two rooms, a sunset room and a sunrise room.

<img alt="The entry to Frederick" data-entity-type="file" data-entity-uuid="e88d663c-b008-4272-b99c-bcfa506e113f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-31%20at%2011.21.51%20am.png?VersionId=YcQCHkK.rts3zJy.x26nt3Gk465mNQ6C" /> 
The activated ground plane at Frederick. Image credit: Buchan Group 
 
Aubrey will rise 29 levels next door, with a similar density, but without the serviced apartments.&nbsp;

That will have 84 units, 10 one-bed, 54 two-bed, and 20 three-bed apartments, as well as a pool, landscaped spaces on the podium level, and its own sunset and sunrise rooms on level 23. The ground plane of the tower will also be activated, with four commercial spaces planned.

Architecture firm Buchan Group, who designed both towers, suggested in their design statement Aubrey and Frederick is pitched at “the missing middle”, likely in reference to its expected affordability compared to some of the towers that have popped up in recent years in the area.

<img alt="The Aubrey development" data-entity-type="file" data-entity-uuid="50591fd2-425b-4d97-9a0e-2f8e9a094ea2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-31%20at%2011.26.41%20am.png?VersionId=jBG_rYcaqABXFxweAB9YOWs3RJNrUvBq" /> 
The upper levels of Aubrey. Image credit: Buchan Group

They said Aubrey and Frederick will become the guardians to the entry points of the Northcliffe precinct, referencing the history of Northcliffe and the lifesavers at the Northcliffe Surf Life Saving Club which is documented in the book, Guardian of the Beach.

"As the southern marker of this junction, the towers guard Northcliffe from the south and represent the connection to Broadbeach and its union with Surfers Paradise," Buchan Group advised. They said together the adjacent developments stand as protectors of the Northcliffe precinct.

They note that the 'Guardians' capture the Gold Coast through vista and form, with 360 degree views of the coastline to the east and the hinterland to the west, Surfers Paradise to the north and south of Broadbeach.

<img alt="Aubrey view" data-entity-type="file" data-entity-uuid="59a6dac4-f62b-4bdc-8f62-4a6fe31eb020" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-31%20at%2011.04.46%20am_0.png?VersionId=lMvvk3rcLBpWrZhgIUkf2qk4iPpX52YZ" /> 
The view from Aubrey. Image credit: Buchan Group

"Quintessential of the Gold Coast lifestyle, the architectural composition not only captures the history of the gateway site, it captures the lifestyle our city is best known for."

Mick Power is well known in the Gold Coast development industry. He's spent the last four decades as Group Board Chairman and Managing Director of BMD,&nbsp;a national group of companies engaged in engineering design, construction and land development.

Part of the site is the popular D’Arcy Arms tavern, which will make way for the towers, dubbed Aubrey and Frederick after each of their locations on the corners of Frederick and Aubrey Streets.

Joel Robinson

First look: Mick Power set for two-tower Surfers Paradise apartment development

Private development and hospitality group, Iris Capital has appointed Descon Group Australia as head contractor to deliver its $800 million mixed-use Victoria &amp; Albert precinct on the Gold Coast.

Demolition has commenced on the 4,803 sqm Broadbeach site, which is set to be transformed into a vibrant precinct comprising two residential towers, an array of private resident amenities, a world-class recreation podium, two levels of A-Grade office space and extensive retail and dining facilities.

[smartcode_project:default project_id=107928 project_image_fid=184934]

The East tower, known as The Albert, will home 122 two, three and four-bedroom apartments across 40 levels. The West tower, known as The Victoria, will rise 56 levels above Broadbeach and deliver 279 one, two and three-bedroom apartments.

Chief Executive Officer of Iris Capital, Sam Arnaout, said V&amp;A was the largest project to be delivered on the Gold Coast in more than a decade.

&ldquo;Descon will be bringing our vision to life, and this is an exceptional result for our project and purchasers,&rdquo; Arnaout said.

Eastview Australia&rsquo;s Graham Goldman, appointed Project Manager by Iris Capital, said theprecinct occupies a premium position 50 metres from the beachfront and is set to become a defining landmark for Broadbeach.

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&ldquo;This is a significant milestone for V&amp;A and we&rsquo;re excited to be collaborating with Descon Group on this major mixed-use project,&rdquo; said Goldman.

&ldquo;We&rsquo;re maintaining momentum in a market where supply is struggling to meet demand, and V&amp;A is one of the few major projects to be breaking ground in the heart of the Gold Coast.&rdquo;

Gold Coast City Council approved the Development Application for V&amp;A in April this year.

Interest from interstate buyers has translated into $200 million in sales for the project in the past six months, following the second and final launch of apartments.

Descon Group Chairman Danny Isaac said the appointment recognised the depth of experience within the company.

&ldquo;V&amp;A will be delivered by a dedicated team of major project specialists, led by highly respected construction expert Jason O&rsquo;Hara,&rdquo; said Isaac.

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&ldquo;Jason is widely respected in the industry as an expert in the delivery of major projects, which throughout his career have included Crown Casino, QV Melbourne and VCCC Melbourne.&rdquo;

Descon Group Director Greg Sneeden said the V&amp;A delivery team includes Mark Kotis, who brings extensive complex project experience, supported by a senior, local project team.

&ldquo;V&amp;A is a fantastic addition to the Broadbeach skyline and a great project for our Queensland team who, over the course of their extensive careers, have delivered some of Australia&rsquo;s most celebrated landmarks,&rdquo; said Sneeden.

&ldquo;Their depth of experience, together with Descon Group&rsquo;s strong balance sheet and in-house capabilities, enable us to deliver end-to-end services, from complete engineering and building structures to the entire design and construct lifecycle.&rdquo;

O&rsquo;Hara said these in-house capabilities provided a distinct advantage in a tight labour market.

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&ldquo;For our clients this yields a tremendous advantage in design, cost and delivery timeframes and gives them certainty of delivery from an established, proven project partner,&rdquo; he said.

The development will create over 1,000 jobs during the three-year construction program, which is targeting completion in 2025.

Designed by leading architecture studio DBI, the V&amp;A precinct will rise on the current site of Niecon Plaza and encompass an entire city block from the Broadbeach Mall at Victoria Avenue to Albert Avenue.

[smartcode_project_cta: project_id=107928]

Iris Capital appoints Descon Group to deliver Victoria & Albert Broadbeach apartments

Aniko Group has secured a quick burst of sales at its&nbsp;Athena Quays, Hope Island apartment project.

The second stage quick sales, where 51 of the 87 units have sold, following a similar result in stage one, which is now 85 per cent sold. There will be 177 apartments across the two eight-level Athena Quays buildings, which sit adjacent to Aniko&#39;s Athena Residences.

Only a handful of two and three-bedroom layouts remain, after&nbsp;$105 million in sales was secured in three months.

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Sales and Marketing Director of Aniko Group, Peter Malady, says the buyer blitz is driven by local owner occupiers, many of whom had previously missed out on securing a property in Aniko&rsquo;s exclusive neighbouring development, Athena Residences.

&ldquo;The successful sales we have achieved for Athena Quays can be attributed to the influx of demand we have received from buyers who missed out on our earlier development, Athena Residences,&rdquo; said Malady.

&ldquo;The opportunity to secure such a generously-sized luxury waterfront apartment in the current market are extremely limited, and as a result, we have seen strong sales from buyers wanting to secure their own private Hope Island oasis.&rdquo;

Malady says Athena Quays holds a strong appeal to owner occupiers from both the Gold Coast and Brisbane in particular given its close proximity to both CBDs as well as Brisbane and Coolangatta Airports, plus nearby fine dining, upscale shopping, and premier golfing precincts.

&ldquo;We are also witnessing sales from many owner occupiers from Brisbane and the Gold Coast who are making the move to Hope Island, as a result of the growth and connectivity of the area,&rdquo; he added.

[smartcode_project:default project_id=109922 project_image_fid=203380]

Managing Director of Aniko Group, George Mastrocostas says the launch of sales for Athena Quays has emerged with spectacular timing to a market rife with demand for affordable high-quality residences in the heart of Hope Island.

&ldquo;Our uncompromising focus is on providing high quality, well-designed and affordable modern waterfront apartments, with unbeatable amenity and facilities, at a time when supply on the Gold Coast is low,&rdquo; said Mastrocostas.

&ldquo;Building on the success of Athena Residences, we fast-tracked the sales process for Athena Quays to meet the continued demand for beautiful and spacious waterfront apartments in this popular residential precinct.&quot;

&ldquo;We are humbled and encouraged by the continued demand and support for our luxury waterfront apartment living in Hope Island and are pleased to be continuing our long-term commitment to supporting the growth and revitalisation of the area.&rdquo;

With a $500 million workbook under its belt, Aniko Group has been progressively transforming the Hope Island landscape over the past two years, cementing itself as one of South-East Queensland&rsquo;s leading developers. &nbsp;

Construction works are expected to commence in the next few weeks with completion estimated for late 2023.

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Sitting adjacent to the group’s successful Athena Residences, Athena Quays will comprise 177 apartments across two eight-level towers, which have been launched to the market with strong sales already being achieved across two stages.



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