Chevron Island apartments

Queensland developer <a href="https://www.urban.com.au/developers/bastion">Bastion Group</a>&nbsp;has fast tracked plans for its $140 million <a href="https://www.urban.com.au/developments/chevron-island-qld">Chevron Island apartment development</a> Nera following the successful completion of demolition on site.

Early works are anticipated to start in coming months on the 28-storey building with 87 apartments and extensive rooftop amenity <a href="https://www.urban.com.au/developments/chevron-island-qld">Chevron Island</a> is starting to get a name for.

Alex Wood, one of the developers who make up <a href="https://www.urban.com.au/developers/bastion">Bastion Group</a>, said the completion of demolition marks an exciting step forward in the delivery of <a href="https://www.urban.com.au/new-apartments/nera-residences-8-10-parneno-street-surfers-paradise">Nera</a>.

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"We look forward to seeing our vision come to life,” Wood said.

“We have spent a lot of time ensuring a project of this scale was deliverable in the current climate and we are proud to today be closing the chapter on the first major construction milestone.”

“Bastion have hit the ground running with this project and we can confirm that we’re already in the process of negotiating early works, just weeks out from the Nera’s official launch to market.”&nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/nina-chevron-island-relaunched-with-new-name-nera-residences">New Chevron Island apartment development NERA to launch</a>

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Wood said no stone has been left unturned when it comes to creating the highest quality residence.

From sourcing of the most cutting-edge and unique global partnerships, we are able to bring some of the most competitive amenities to market in this project, Wood said.

“<a href="https://www.urban.com.au/developers/bastion">Bastion</a> has bold ambitions, inspired by global thinking, and we’re confident in the delivery of the luxurious residential project that we’re bringing to Chevron Island.”

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<a href="https://www.urban.com.au/new-apartments/nera-residences-8-10-parneno-street-surfers-paradise">Nera</a> is being undertaken by <a href="https://www.urban.com.au/developers/bastion">Bastion Group</a>, consisting of a private consortium of diverse Australian and international experts in residential development.&nbsp;

Construction is expected to commence in Q2 2024, with overall completion anticipated for Q2 2026.&nbsp;

The development approved project is currently going through a minor revision with council and is set to be released to market in the new year.

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Nera is being undertaken by Bastion Group, consisting of a private consortium of diverse Australian and international experts in residential development. 



Joel Robinson

Demolition paves way for new Chevron Island apartment development Nera

Prolific Gold Coast developer <a href="https://www.urban.com.au/developers/aniko-group">Aniko Group</a> is set to break ground on its next project, the $150 million <a href="https://www.urban.com.au/new-apartments/orama-12-16-weemala-street-chevron-island">Orama</a> apartments at <a href="https://www.urban.com.au/developments/chevron-island-qld">Chevron Island</a>.

<a href="https://www.urban.com.au/new-apartments/orama-12-16-weemala-street-chevron-island">Orama</a> is the latest in a project portfolio of more than $2 billion by the George Mastrocostas-led <a href="https://www.urban.com.au/developers/aniko-group">Aniko Group</a>.

<a href="https://www.urban.com.au/developers/aniko-group">Aniko</a> has switched its attention to the central <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> suburb of <a href="https://www.urban.com.au/developments/chevron-island-qld">Chevron Island</a> after completing the largest suburb transformation of <a href="https://www.urban.com.au/developments/hope-island-qld">Hope Island</a> where the company has all but sold out more than $500 million of residential apartment and townhouse product.

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Once complete, <a href="https://www.urban.com.au/new-apartments/orama-12-16-weemala-street-chevron-island">Orama</a> will comprise 102 residences and include two-bedroom apartments from $995,000 to $1.45 million and a range of three-bedroom skyhomes from $1,995,000, offering panoramic views over the central <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> skyline.

The project is targeting local downsizers and interstate migrators and is well on its way to a successful sellout.

“We are thrilled with the take-up of <a href="https://www.urban.com.au/new-apartments/orama-12-16-weemala-street-chevron-island">Orama</a> which has been highly competitively priced and offers some of the best quality amenities of any project in the precinct,”&nbsp;<a href="https://www.urban.com.au/developers/aniko-group">Aniko Group</a> Managing Director George Mastrocostas said.

“Nothing has been an afterthought, from the quality of the apartments themselves to the 550 sqm rooftop recreation area comprising of a gymnasium, pool, spa, residents lounge and a host of other amenities.”

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The completion of Aniko’s inner <a href="https://www.urban.com.au/developments/hope-island-qld">Hope Island</a> developments – the culmination of five years of development transforming inner <a href="https://www.urban.com.au/developments/hope-island-qld">Hope Island</a> – has been the trigger for the beginning of construction at <a href="https://www.urban.com.au/developments/chevron-island-qld">Chevron Island</a>.

“We’ve been able to redeploy our construction teams after what has been an amazing five-year journey in which we have successfully sold and built some 630 new residential dwellings in <a href="https://www.urban.com.au/developments/hope-island-qld">Hope Island</a>,” Mastrocostas added.

“Our <a href="https://www.urban.com.au/developments/hope-island-qld">Hope Island</a> experience has allowed us to accelerate our brand awareness out of the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> and we are certainly excited about delivering Orama to new customers.”

Construction gets underway in November and will take approximately 18 months to build with completion scheduled for early 2025.

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Mastrocostas said the project had achieved almost $100 million in unconditional sales since its launch to the market earlier this year.

He said some buyers had sold in existing <a href="https://www.urban.com.au/developments/chevron-island-qld">Chevron Island</a> projects or had come from other projects that had yet to proceed.

<a href="https://www.urban.com.au/developers/aniko-group">Aniko Group</a> is also planning one of the largest transformative projects on the central <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> with its proposed $2 billion Seaview master planned precinct at Mermaid Beach currently before council.

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Construction gets underway in November and will take approximately 18 months to build with completion scheduled for early 2025

Aniko to kick off construction of Chevron Island apartment development, Orama

It only took a soft launch for reputable Gold Coast developer Aniko Group to secure almost 50 per cent of their new Chevron Island apartment tower, Orama.

Aniko, led by George Mastrocostas, is only just putting the finishing touches to their onsite display suite at 12-16 Weemala Street, a large site which they acquired in 2021 through GV Property Group.

They were inundated with enquiry from locals, who have made up the bulk of the purchasers in the 102-apartment project since Aniko started its coming soon phase over the summer, Aniko Sales Director Peter Malady says.

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Prices have ranged from $895,000 through to the $3.15 million penthouse, which is expected to exchange next week to a local downsizer.

"Most of the buyers, as we expected, have come from either Chevron Island, or within a five kilometre radius," Malady said, adding that buyers have come from Surfers and Paradise, just the other side of the Chevron Island Bridge.

"Most of them are downsizing their family homes and are wanting a more maintenance free lifestyle in a village community."

Malady said their second largest buying demographic are lock up and leave holidaymakers from Sydney and Melbourne.

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"There's wealthy clientele from all areas of Sydney and Melbourne who are securing two-bedroom apartments and will use it for themselves when they come and holiday, and will lock it up for the rest of the time."&nbsp;

Malady says Sydney purchasers have, for a long time, been more prevalent across their portfolio than those from Melbourne, however it's been more of an even split at Orama.

Orama was designed by Plus Architecture, who noted in their design statement that&nbsp;the design of the tower was inspired by the natural soft and subtle movements of the surrounding environment, the form dips and curves to mimic these graceful lines.

"This ultimately crafts a highly articulated building which not only takes these movements into consideration, but also captures the picturesque surrounds."

Crowning the project on level 21 is a 550 sqm rooftop which will feature&nbsp;a striking lap pool and spa.

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Having nearly cleared the 50 per cent sold milestone, Aniko are well on track to kick off construction on time. They're targeting to start the build in Q4 2023.

As a builder developer, Aniko don't have the trials and tribulations of most developers across the Gold Coast, indeed across most of the country.

"We'll be pulling our building team from Athena Residences on Hope Island when that's finished and they'll start building Orama," Malady says.&nbsp;

"It's a rare, and and incredibly attractive proposition for buyers in today's off the plan property market. We don't need to find a builders and battle with cost increases, we just move from one of our own developments to the next. It's a great vote of confidence in the project that we have a 100 per cent completion rate on everything we've done."

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Prices have ranged from $895,000 through to the $3.15 million penthouse, which is expected to exchange next week to a local downsizer

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