Gold Coast off the plan apartments

Serial Broadbeach apartment developer, Morris Property Group, has completed Malo Broadbeach, its 10th apartment development in the booming suburb south of Surfers Paradise.

Residents will be getting the keys to the boutique development before Christmas.&nbsp;

Located on Jubilee Avenue, a stone's throw from the <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a> Light Rail stop and Pacific Fair, <a href="https://www.urban.com.au/new-apartments/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo</a> is made up of just 16 half-floor apartments across a nine-level building.

Each apartment has three bedrooms and around 130 sqm of internal living space.

[smartcode_project:default project_id=112549 project_image_fid=311734]

The apartments have been designed to take in as much of the surrounding area as possible, with floor-to-ceiling, double-glazed windows and doors that maximise views of the Gold Coast skyline and coastline.&nbsp;

Located in the heart of Broadbeach, Malo offers residents convenient access to some of the area’s most popular attractions.&nbsp; A short walk takes residents to Surf Parade, a lively hub with a range of dining options, while the famed Pacific Fair, the fifth largest shopping centre in the country, is just a few streets away.

[smartcode_project:default project_id=112549 project_image_fid=311722]

Kurrawa Beach and its surrounding parklands are a short walk.

Malo offers the most affordable apartments the Gold Coast has seen, and likely will see, for years.

Morris is working nearby on its 11th Broadbeach tower,&nbsp;<a href="https://www.urban.com.au/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a>, some 184 apartments that will be completed in 2027.

Much like Malo, Crest is also <a href="https://www.urban.com.au/news/qld/why-we-are-downsizing-to-crest-broadbeach-urban-buyer-q-a">attracting the downsizer market</a>.&nbsp;

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Joel Robinson

Morris complete 10th Broadbeach apartmenet development, Malo, as buyers prepare to move in

John Camilleri, the famous breeder of the legendary mare Winx, has continued his spending spree in the new development market on the Gold Coast.

Earlier this year, the Sydney-based breeder paid just over $30 million for Pacific Point, a 10-level apartment block, and a three-level duplex, from fellow racing identity, Aquis billionaire Tony Fung.

The 1,682 sqm site at 3464-3468 Main Beach Parade, <a href="https://www.urban.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, had been earmarked for a 48-level hotel with 580 rooms. Camilleri has already reworked the plans, now proposing a 40-level tower with 93 apartments.

He's emerged again on property records, swooping on another project.

<img alt="AALTO" data-entity-type="file" data-entity-uuid="e3c716e1-dd20-485d-9270-aae6b26e8f55" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-15%20at%2010.58.45%E2%80%AFAM.png?VersionId=4jWmMDc5em9AUVc3A6DNr8DdackbC1ux" />

He's spent $53.65 million on Garfield Terrace, the 1,500 sqm site that was pitched for AALTO, a luxury tower with 75 apartments.

<a href="https://www.urban.com.au/new-apartments/aalto-75-79-garfield-terrace-surfers-paradise">AALTO</a>, at 75-79 Garfield Terrace, was being developed by Sydney-based Weiya Holdings, the developer behind De-Luxe, the redevelopment of the Old Burleigh Theatre Arcade in Burleigh Heads.

AALTO launched in late 2022, and reportedly secured a flurry of sales including a $15 million penthouse that was bought by a local who works in the property industry.

The penthouse had been slated to have&nbsp;five bedrooms, its own cinema room, a gym, an indoor and outdoor kitchen, and a 15-metre swimming pool.

Locals had driven the majority of enquiry, selling agent Patrick Pancur said.

A series of setbacks however has meant there's been no site activity, with a builder never appointed.

The site sale is just shy of the <a href="https://www.urban.com.au/news/qld/first-look-ktq-sell-garfield-terrace-site-for-56-million-as-demand-soars-for-gold-coast-beachfront-sites">$56 million secured by Peggy Glannery's KTQ</a> for its 2,025 sqm site just down the street at 27 Garfield Terrace.

Camilleri has emerged yet again on property records, swooping on another failed project.

First look exclusive: Winx breeder John Camilleri continues Gold Coast apartment development site spree

Apartment developer Mosaic is onto its fifth tower in as many years in the booming <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a>.

<a href="https://www.urban.com.au/developers/mosaic-property-group">Mosaic</a>, currently delivering sister towers <a href="https://www.urban.com.au/new-apartments/lily-by-mosaic-4-rosewood-avenue-broadbeach">Lily by Mosaic</a> and <a href="https://www.urban.com.au/new-apartments/marella-146-surf-parade-broadbeach">Marella&nbsp;by Mosaic</a> after previously completing Bela and Dawn nearby, has filed plans for 59 apartments at 22 Mary Avenue, next door to the <a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-reveals-broadbeach-apartment-plans">new 47-level tower</a> planned by <a href="https://www.urban.com.au/developers/abedian-co">Abedian &amp; Co</a>.

Mosaic had Melbourne-based architecture firm <a href="https://www.urban.com.au/architects/elenberg-fraser">Elenberg Fraser</a> create the scheme for the 38-level building.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/why-its-all-about-broadbeach-still">Why it's all about Broadbeach...still</a>

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="e2d40a8f-82df-41c1-b5a4-b0a04d9b888b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-13%20at%207.48.15%E2%80%AFAM.png?VersionId=rTs_2wgHT9K8fgNCwiSRnVwcbN_EmliH" />

Elenberg Fraser, who designed the soon-to-be-completed Mondrian in <a href="https://www.urban.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a> but whose majority of work has been in the Victorian capital, cited the famous quote from German-American architect Ludwig Mies van der Rohe in its design statement submitted to the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> City Council this week

“A statement of minimalist design, stripping away the unnecessary to reveal the essence of structure and space.”

The three-level podium will be occupied by car parking, while the fourth and fifth levels are dedicated to amenities like a swimming pool and pool deck, a gym, and a wellness area with a sauna, steam room, cold plunge, magnesium plunge, and a spa, and a library lounge,&nbsp;boardroom, and an office.

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="c763d494-965a-405e-87f4-d42f754644b1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-13%20at%207.58.35%E2%80%AFAM.png?VersionId=PQ9P._RpPigg_3n5QJmdMWKBx5YJ.AWp" />

There will be just two apartments per floor from level six to level 33, one with three bedrooms and 166 sqm of internal living space and the other with three bedrooms and an MPR with just under 200 sqm of internal space. They each have an 18 sqm balcony, oriented east to face the ocean.

The top three levels will home three full-floor penthouses, each with four bedrooms, a home office, and several entertaining areas. They will have 365 sqm of living space.

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="9ed2edcb-21bd-4317-81fa-7a6e3bbb82a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-13%20at%207.48.09%E2%80%AFAM.png?VersionId=L0AMa0ieEeytY0jIVVFnoqs_0jXLBHcG" />

GV Property Group's Luke Reaby put the site together, securing around a 40 per cent uplift on values for the eight individual owners in the late 1960s building.

The 1,014 sqm site has a 33-metre frontage to Mary Avenue, a popular street for both developers and buyers due to its proximity to Broadbeach State School, which ensures protected views of the beach and ocean.

Mary Avenue has been a popular street for new apartment developers and buyers due to its protected views of the ocean

First look exclusive: Mosaic file plans for fifth Broadbeach apartment development

A new tower has been pitched in Surfers Paradise, offering some of the largest apartments Surfers Paradise has ever seen.

The Sydney-based YHY Group has sought to develop a 33-level building with 74 dwellings across an amalgamated triple site incorporating 56, 58 and 60 Sunset Boulevarde on the Nerang River.

Mode Design Corp submitted the architectural plans, stating the tower will redefine luxury on the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a>&nbsp;and will&nbsp;"craft an exclusive sanctuary where glamour, privacy, and nature converge seamlessly."

"Designed as an elevated haven on the Gold Coast, the tower draws inspiration from the natural elements—sky, water, greenery, and stone—and offers residents a harmonious blend of high-end design and biophilic appeal."

"Sculptural facades and curving forms create a visually captivating tower, accentuated by layered glass balustrades, balconies and feature glazing that gracefully wrap around the structure, capturing light while shielding from direct sun, ensuring comfortable interiors with uninterrupted vistas."

<img alt="YHY" data-entity-type="file" data-entity-uuid="ae723e1d-bd9b-4ae6-9903-1b0eae99ff75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-12%20at%201.13.04%E2%80%AFPM.png?VersionId=_7NCwn5MdgDszkk6Soy4cATEb.PWxSaw" />

Pitched is a single, three-level villa on the ground floor with six bedrooms and a pool, beneath a full-floor apartment with six bedrooms.

The building is split in two, with 16 three-bedroom, half-floor apartments, with a minimum of 345 sqm of internal space, running up to the two levels of amenities.

The ninth level will feature a kids play area with an adjoining creche, a lap pool that runs along the edge of the building, a recovery space with a sauna and steam room, a yoga room, a gym, golf simulator, and a wellness spa with a treatment room and a massage room.

Above is another swimming pool, this one with&nbsp;an integrated pool bar and spa which has been oriented to offer gun-barrel views to the Surfers skyline. On the same level is a lounge, a bookable lounge with a kitchen, and a business centre.

Above will be three units per floor, three, four and five-bed apartments until level 33, where the two-level north and south penthouses start. They will have six and five bedrooms each, as well as an MPR room, a sauna, and their own private pools.

<img alt="YHY" data-entity-type="file" data-entity-uuid="42a8c0bd-d2a2-4328-af10-e0cec3845614" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-12%20at%201.13.49%E2%80%AFPM.png?VersionId=lSOxEWM2ZTC8aiM2j5VvpPp.d5S7gPlT" />

The "Ultra Penthouse" is one of the largest ever pitched on the Gold Coast at 1,449 sqm of internal living space.

The ground level is set to feature&nbsp;a grand entry lobby, a cigar room, a cellar, library, study, bar and multiple entertaining areas.

There are five bedrooms spread across the five levels, as well as two staff quarters. The top level is dedicated just to a master suite, with a sauna, a gym, and a spa on the balcony. Including external space, the penthouse totals 2,239 sqm.

"This oasis in the sky exemplifies opulent high-end luxury living, where architecture and environment unite to create an extraordinary, luxurious lifestyle along the Gold Coast," Mode added.

The penthouse is larger than the one atop <a href="https://www.urban.com.au/new-apartments/chevron-one-36-44-stanhill-drive-chevron-island">Chevron One</a>, currently under construction on <a href="https://www.urban.com.au/developments/chevron-island-qld-4217">Chevron Island</a>.

The penthouse, which is set to be retained by Elias Jreissati, the chairman of Chevron One developer <a href="https://www.urban.com.au/developers/bensons-property-group">Bensons Property Group</a>, measures over 1,700 sqm in total&nbsp;– 946 sqm internal and a further 774 sqm under roof of external space.

&nbsp;

The new development is a few doors down from Sunset Residences, the more boutique 43-apartment development soon to launch by Roy Skaf's Macquarie York at <a href="https://www.urban.com.au/new-apartments/50-sunset-boulevarde-surfers-paradise">50 Sunset Boulevarde</a>.

First look: The Gold Coast's largest penthouse pitched for new Surfers Paradise tower

In the new development space, the smallest detail can impact whether a buyer goes with your development, or someone elses.

Milton Young, a Gold Coast local and a director at national scaffolding supplier BuildSafe, had been looking for his next home, nearer the coast, having sold the family home in Clear Island Waters earlier this year.

He'd narrowed his search to the sought-after southern pocket of the Gold Coast, near the surf and the growing hospitality scene.

"We were fairly late to the party on discovering the southern end of the Gold Coast," Milton said.&nbsp;

"You're so protected from the winds of the Gold Coast, which makes beachfront living more attractive than some of the more northern suburbs."

Young was open to both the established and off the plan apartment market, but nothing he'd seen had felt quite right.

Having looked around Kirra, where almost every apartment had either a road or a park, or both, separating it from the beach, Milton opened the search north to Tugun and <a href="https://www.urban.com.au/developments/bilinga-qld-4225">Bilinga</a>.

While there are several boutique buildings under construction on Golden Four Drive, one of just two true beachfront streets in Bilinga, <a href="https://www.urban.com.au/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a> by&nbsp;<a href="https://www.urban.com.au/developers/siera-property-group">SIERA</a>&nbsp;stood out in particular, initially for the most unlikeliest of&nbsp;reasons.

[smartcode_project:default project_id=138311 project_image_fid=264301]

"It was one of the cleanest building sites I'd seen," Milton said, adding that while it's not the be-all and end-all, what it told him was that both the developer and the builder were taking great care in every facet of the new development, and that would no doubt extend to the apartments.

"Something&nbsp;was happening there every day," Milton recalled.

"When you're dealing with buying off the plan, you have very little to physically take in, so anything you can see for yourself, is very important in the decision-making process. It gave me a high level of confidence."

[smartcode_project:default project_id=138311 project_image_fid=264303]

Milton visited the display and was particularly impressed with the size of the apartments on offer, as well as the price, compared to some other developments, and the density of the building.

"The price per sqm rate is as good as you can get on the southern Gold Coast," Milton said.

"It can get to $30k plus in Kirra, Palm Beach or Burleigh. Pipis is closer to $14,000 per square metre. I couldn't look past that value proposition."

[smartcode_project:default project_id=138311 project_image_fid=264302]

There will be just 19 apartments in Pipis, which was also a drawcard for Milton.

"With less than 20 apartments, you're not going to be&nbsp;constantly sharing a lift, or sharing the pool. I love the small details, like the lift opening right into your apartment."

Another bonus was that one of Milton's friends was doing the landscaping for Pipis, and spoke highly of both the developer and builder. They were also putting in extensive greenery in the building, more than competing projects on the beachfront.

[smartcode_project:default project_id=138311 project_image_fid=264308]

On buying off the plan for the first time, Milton said paperwork, for any property transaction but particularly off the plan, can be daunting.

"Brad from Siera connected us with the solicitors handling the project, and everything went smoothly. We didn’t have to search for a new solicitor or worry about the paperwork. It was all taken care of as part of the buying process, which gave us confidence that we had chosen the right team."

Milton did his due diligence on Siera, who is part of the team, and what they'd delivered before, before purchasing a three-bedroom, half-floor apartment at Pipis.

Pipis, currently under construction through regarded builder LPS Group, is slated for completion in early 2025.

Milton took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind&nbsp;<a href="https://expert-insights/buying/the-top-eight-considerations-when-buying-off-the-plan" target="">buying off the plan</a>&nbsp;property in Australia

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While there are several boutique buildings under construction on Golden Four Drive, one of just two true beachfront streets in Bilinga, Pipis by Siera stood out in particular, initially for the most unlikeliest of reasons.

Why density and delivery matters to downsizers on the Gold Coast: Urban Buyer Q&A

Builder-developer McNab is heading to Broadbeach.

<a href="https://www.urban.com.au/developers/mcnab-developments">McNab</a>, who recently completed White Main Beach and is to soon start construction of its Budds Beach apartment development Elements, has filed plans for a luxury 26-level project at 4 George Avenue, <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a>.

Across the 26-levels will be just 20 full-floor apartments with 217 sqm of internal living space and a further 50 sqm of balcony.

Each apartment will have four bedrooms, a multi-purpose room, and an open plan kitchen living and dining area that opens to the balcony with ocean views to the east.

The resident amenity has been positioned on the podium level where there will be a pool, gym, and dining area with barbecues.

<img alt="McNab" data-entity-type="file" data-entity-uuid="548913ba-0347-4e74-b78d-6009c6782187" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-01%20at%204.18.53%E2%80%AFPM.png?VersionId=O0bcyhQAAsB4RA.vCIWEMt_YEiZuftuj" />

Architecture firm bureau^proberts handled the designs. They said in the planning documents submitted to the Gold Coast City Council this week that George Avenue "embraces the evolving urban landscape of Broadbeach, setting a benchmark in residential architecture that equally prioritizes both individual living experiences and community engagement."

"The tower is shaped by its prime beachside location, taking full advantage of generous northern aspects and uninterrupted north-eastern view corridors," their design statement read.

"Its architectural expression draws inspiration from the fluidity of coastal landscapes—echoing moving tides, and organic shoreline forms.&nbsp;The design balances privacy with openness, ensuring interior spaces connect seamlessly with the natural surroundings."

<img alt="McNab" data-entity-type="file" data-entity-uuid="f7a26234-39b2-45e0-ab7c-e79de60d09e3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-01%20at%204.18.37%E2%80%AFPM.png?VersionId=44aWy.IWDnoBMDcRENkjKL0AehyPiHLg" />

The 607 sqm block at 4 George Avenue sits immediately to the east of Raptis' <a href="https://www.urban.com.au/new-apartments/the-sterling-broadbeach-6-8-george-avenue-broadbeach">The Sterling Broadbeach</a>, currently under construction.

Broadbeach has been a hive of activity recently.

Earlier this week, the Abedian family's Abedian &amp; Co submitted plans this week for their prime site on Mary Avenue. They're planning a 47-level tower with 115 apartments.

Another high-profile Gold Coast developer will lodge plans for its next Broadbeach apartment development next week.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-reveal-broadbeach-apartment-plans">First look exclusive: Abedian family reveals Broadbeach apartment plans</a>

Broadbeach has been a hive of activity in recent weeks

First look exclusive: McNab shoots for full-floor apartments in Broadbeach

The tight Gold Coast unit market continued to outperform its house market counterpart in October.

CoreLopgic's Monthly Index showed a further 0.4 per cent growth in units across the Gold Coast, compared to 0.1 per cent growth in houses.

Over the last 12 months, Gold Coast units values have risen 11.9 per cent.

The median value of a unit on the Gold Coast is now $818,000, adding nearly $100,000 having started 2024 at $727,000.

In 2023, unit values rose 10.8 per cent, according to CoreLogic data.

<h2>What happened in the Gold Coast off the plan apartment market in October?</h2>

It was a relatively quiet month in the Gold Coast off the plan apartment market, with only a handful of new developments submitted to council, and another month of no new projects for buyers to choose from.

The Abedian family propped up the apartment supply in October, filing plans for two of its sites in <a href="https://www.urban.com.au/developments/coolangatta-qld-4225">Coolangatta</a> and <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a>.

The first lodgement was for two eight-level towers on part of its 7,000 sqm plus site borderning Marine Parade and Eden Avenue. It's the site of the Greenmount Hotel &amp; Resort which was bought by the Abedian's new development company, Arium, for $42.1 million in 2021.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-propose-second-stage-of-greenmount-beach-hotel-redevelopment">First look exclusive: Abedian family propose second stage of Greenmount Beach Hotel redevelopment</a>

Then the family, through another new brand, <a href="https://www.urban.com.au/developers/abedian-co">Abedian &amp; Co</a>, filed for a 47-level tower at its Mary Avenue site which <a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-line-up-next-gold-coast-apartment-development-after-multiple-site-acquisitions">Urban revealed they bought earlier this year</a>.

The $580 million plans are for 115 two, three, four and five-bedroom apartments.

Read more: <a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-reveal-broadbeach-apartment-plans">First look exclusive: Abedian family reveal Broadbeach apartment plans</a>

<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-reveal-broadbeach-apartment-plans"><img alt="Abedian" data-entity-type="file" data-entity-uuid="69db548c-c68f-4eed-aa22-17814bb355b5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-31%20at%2012.34.49%E2%80%AFPM.png?VersionId=3E1infqUiFH.nCJ.EOBauJtZuzOyeLeM" /></a> 
The Mary Avenue tower by Abedian &amp; Co. Image credit: BDA

Serial Gold Coast developer Marquee launched its penthouse collection atop La Belle, it's luxury Palm Beach development that is over 70 per cent sold.

The Penthouse Collection includes 10 sub penthouses and the sprawling five-bedroom Grand Penthouse.

The Grand Penthouse offers 520 sqm of internal living space and a further 162 sqm of external area. It has five&nbsp;bedrooms, four and a half bathrooms, a multi-purpose room, and four car parks, along with an indoor cinema, wine display, a large home office, and a feature fireplace,&nbsp;

The subpenthouses are a mix of three and four-bedroom apartments. The three-bedroom sub penthouses start from $4,125,000 and the four-beds from $7.5 million.&nbsp;

Construction recently kicked off on the&nbsp;<a href="https://www.urban.com.au/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">14-level building</a>&nbsp;with 75 apartments. Completion is slated for Q2 2026.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/marquee-launches-exclusive-penthouse-collection-at-la-belle-palm-beach">Marquee launches exclusive penthouse collection at La Belle Palm Beach</a>

It was a relatively quiet month in the Gold Coast off the plan apartment market, with only a handful of new developments submitted to council, and another month of no new projects for buyers to choose from

City Beat November 2024: Gold Coast units continue to outperform houses

The Abedian family has revealed what it is planning for its recently acquired <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a> site.

The Abedian family, who founded and operated Sunland Group for four decades before closing its doors last year to operate as a private family business, secured adjoining sites from Little Projects and Bassar Group earlier this year.

They amalgamated several sites, totaling over 2,000 sqm across 14-20 Mary Avenue, opposite <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a> State School. They're now planning a 47-level tower with 115 two, three, four and five-bedroom apartments designed by BDA.

The plans show the developer name as <a href="https://www.urban.com.au/developers/abedian-co">Abedian &amp; Co</a>, as opposed to <a href="https://www.urban.com.au/developers/arium">Arium</a>, the development name they had been using since closing down Sunland.

<img alt="Arium" data-entity-type="file" data-entity-uuid="5666ddf3-03f5-466b-988d-d0b38d7f69c4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-31%20at%2012.34.43%E2%80%AFPM.png?VersionId=k6UoOCRsv3.UOs8Axd8hYalPllbip3PA" />

BDA said in their design statement submitted to the Gold Coast City Council this week that the project offers the opportunity to "generate an elegant and curvaceous residential tower that will enhance the ever evolving Broadbeach skyline."

"As designed, the project will provide a memorable sculptural residential building."

True to what the Abedian's have produced before, the focus is on large-scale apartments. There are 28 two-bedroom apartments proposed,&nbsp;38 three-beds, each with either a study or a media room, 42 four-bedroom units with a media room, and seven five-bedroom apartments.

"The apartments provided are large liveable apartments that can cater for families and focus on maximising natural ventilation and natural light," BDA added.

Each apartment has a balcony that is designed to be operated as an outdoor living room.

The communal recreation facilities are proposed on the fourth and fifth levels, comprising a&nbsp;25m cantilevered lap pool, indoor and outdoor spas, a wellness centre with a gym, yoga room, treatment room, steam room, and a sauna. There's also a resident club room, lounge, a private dining room with separate kitchen, a theatre room, and a meeting room with work from home capabilities.

<img alt="Arium" data-entity-type="file" data-entity-uuid="1ac9b792-e824-499f-9e40-56f077fc846d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-31%20at%2012.32.31%E2%80%AFPM.png?VersionId=AnV9glW5UiOgtKn4m.saRarbiiT77Rrw" />

The apartments will have protected views of the beach and the ocean to the east, given the position next to Broadbeach State School.

The site is currently vacant, with the exception of a small two-level apartment building to the north. It is bounded to the north by a two-level residential apartment building with eight units, while to the south is another two-level apartment building with four units.

Arium has been busy since being founded by Soheil Abedian and his son Sahba. They paid over $40 million for the Greenmount Hotel in Coolangatta in 2021 and have gone through several iterations of the design. They&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-propose-second-stage-of-greenmount-beach-hotel-redevelopment">recently laid plans for the second stage</a> of the project.

They also have another site in Broadbeach at 11 Anne Avenue, bought earlier this year.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-propose-second-stage-of-greenmount-beach-hotel-redevelopment">First look exclusive: Abedian family propose second stage of Greenmount Beach Hotel redevelopment</a>

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-go-again-in-broadbeach">First look exclusive: Abedian family go again in Broadbeach</a>

First look exclusive: Abedian family reveals Broadbeach apartment plans

Developers are continuing to spend considerable money on prime beachfront development sites in the Gold Coast.

The biggest settled site sales so far this year have been on the Surfers Paradise dress circle, where KTQ received approval for Seren, a mixed-use, luxury hotel and branded residence building at 27 Garfield Terrace.

They sold that 2,025 sqm site, with plans for 60 hotel rooms and 60 luxury apartments above, starting at 350 sqm, for $56 million to a company linked to Hong Kong interests.

Sydney developer Luxcon also has offloaded the building Seabreeze, on a 1,011 sqm at 63 Garfield Terrace where they were planning Escape, a 35-level tower with 31 whole-floor apartments. Winx breeder John Camilieri paid $37 million for the site.

Sydney billionaire Sam Arnaout's Iris Capital still holds 900 sqm and has <a href="https://www.urban.com.au/news/qld/iris-capital-secure-garfield-terrace-apartment-approval">approved plans</a> for a 38-level, 51-unit tower.

<img alt="Seren" data-entity-type="file" data-entity-uuid="114adb16-45d8-46d6-b3a5-a3373dce7cda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-29%20at%202.49.10%E2%80%AFPM_0.png?VersionId=B8zwvpgxFJyq7yZ9nEhTy4w8Njboxdqi" />A render of Serēn.

&nbsp;

<figure>&nbsp;</figure>

The latest Colliers Apartment Market Report shows a surge in demand for premium beachfront residential development opportunities across the Gold Coast, with several transactions already exceeding $30 million in 2024.

“Despite market challenges, demand for premium sites has remained remarkably resilient,” said Troy Linnane, Director of Collier’s Residential.

“These high-quality sites are offering end values that continue to support necessary returns for project feasibilities, making them incredibly attractive investments.”

Colliers Gold Coast notes there has been no sign of a decline in site values, underlining the strength and confidence in this sector.

The appetite for luxury, owner-occupied properties in sought-after beachside locations continues to underpin the region’s market activity, demonstrating that the allure of the Gold Coast remains undiminished.

<img alt="Gold Coast" data-entity-type="file" data-entity-uuid="87da824a-a348-4f72-9c8e-31710f5fd25d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-25%20at%208.29.12%E2%80%AFAM_2.png?VersionId=BbpziWH4AVEeLZqZvLgnQ1aWg5EhWyzf" />

Developers are increasingly recognising the strategic advantage of bringing construction in-house, a trend identified in the Colliers Apartment Market Report as essential for managing timelines and costs amidst ongoing constraints in external builder capacity.

This move has proven critical in delivering projects on time, with many developers leveraging their in-house capabilities to stay ahead in an industry facing an unprecedented capacity crunch.

The report predicts that the demand-supply imbalance will persist into 2025, further driving gross realisations across the market.

The dwindling supply of new units presents developers with a unique opportunity to meet demand, particularly for properties under the $2 million mark that cater to a broader buyer pool.

“Local developers who have the experience and build solutions in place are particularly well-positioned to capitalise on these opportunities,” said Jackson Robinson, Residential Executive at Collier’s Gold Coast.

“The ability to deliver viable, premium products at a range of price points is proving to be a competitive advantage in the current market, especially as the constraints on builder capacity are expected to continue 
into the new year.”

First look: KTQ sell Garfield Terrace site for $56 million as demand soars for Gold Coast beachfront sites

The Abedian family is getting closer to finalizing plans for its&nbsp;new apartments on the site of the former Greenmount Beach Hotel.

The Abedian's, under their new development company Arium, spent $42.1 million on the&nbsp;amalgamated 7,071 sqm block, bordering Marine Parade, Eden Avenue and Hill Street, back in 2021, before going into planning mode for the prime site which sits between Rainbow Beach and Greenmount Beach and offers never-to-be-built-out views over the sand.

They're subdividing the site, and will deliver the projects in two stages. The first application came in in 2023 when they submitted a plan for a 16-level tower with 54 apartments designed by Contreras Earl Architecture.

<img alt="Contreras" data-entity-type="file" data-entity-uuid="71b7bba5-2adb-418a-83bc-e2031975ebed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-28%20at%202.42.42%E2%80%AFPM.png?VersionId=brdiy5HM_TdBE2LTzE30XZe0WJlB3RYx" />The former plans by Contreras Earl Architect on the northern section of the site

Those plans were superseded earlier this year when Arium had&nbsp;111 Design Studio completely redesign the development, proposing two 14-levels with 63 apartments fronting Marine Parade.

Now, sticking with 111 Design, Arium has submitted plans for the 2,580 sqm section of the site that fronts Eden Lane. The plans are for two eight-level buildings with 45 apartments, made up of 14 two-bedroom apartments and 31 three bedrooms.<img alt="Rainbow" data-entity-type="file" data-entity-uuid="79c5bad7-8de1-4942-8336-0302f6624fd2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-28%20at%201.47.32%E2%80%AFPM.png?VersionId=dWSOdM2a1rMiEbubhQgAZ727wG8QPmAi" />The new plans by 111 Design Studio

The Town Planning Report by Zone Planning said the&nbsp;architecture of the buildings has been carefully curated having regard to the built form, scale and appearance of the two towers on the northern side of the site.

"The proposed towers incorporate the same high-quality concave balustrades and wrapping balconies that project from the corners of the building, the report noted.

"These feature elements give the buildings’ shape, introduce shadow play and visual depth to the elevations. The clear balcony glazing promotes through the edges of the buildings’ which reduces perceived building bulk and the potential for overbearing form/scale."

The 78 parking spaces will sit across two basement levels. The ground level communal area facilities will comprise&nbsp;a water feature, lounge areas, outdoor BBQ areas, lawn terraces, lounge areas, a gym, and extensive landscaping.

One of the rooftops will have&nbsp;lawn terrace areas, kids play area, fire pits, breakout spaces, terrace seating and communal vegetable gardens, while the other building has upper and lower levels that will home&nbsp;lawned areas, communal vegetable gardens, fire pits, a swimming pool, a sauna, and a spa.

<img alt="Eden" data-entity-type="file" data-entity-uuid="cfa3ab98-61fd-499f-8e8d-286e7de37150" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-28%20at%203.03.33%E2%80%AFPM.png?VersionId=3b8ZyNQNU.nqf2kPWzolncaEVlPTd5zs" />

The Abedian family shut down Sunland and started Arium.

The developer has since bought two adjoining sites in Broadbeach, from Little Projects and Bassar Group.

They then secured a&nbsp;516 sqm site at 11 Anne Avenue from Di Carlo Property Group.

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