The whole face of Southport, the waterside suburb in the north of the Gold Coast, might be about to change with a mega development site up for grabs.

Developers will be licking their lips at the massive 13,785 sqm parcel at 60 Marine Parade which has preliminary approved plans by DBI for a five-tower masterplanned precinct which could suit a range of uses including&nbsp;tourism and resort facilities, hotels, various forms of residential complexes, retail precincts, cafes, restaurants, offices, and international conference and exhibition centres.

The towers can rise as high as 335 metres. DBI's highest tower is 68 levels.

The approval timeframe for the project to be realised is four months, which means progress on the development could start early next year.

The towers, on Broadwater, will offer&nbsp;views over The Spit, Pacific Ocean and Gold Coast skyline.

Also available under the same ownership is the adjoining retail and commercial component at 1, 1A and 5 Nerang Street, Southport.

The Queensland Government and Gold Coast City Council have already granted preliminary development approval, designating it as a Priority Development Area (PDA) within the Southport Central Business District.

Canford agents Roland Evans and Angus Cottrell are selling the site in conjunction with Cushman &amp; Wakefield's Brad Hamilton and Josh Cullen.

"Rarely does a site of this size and location become available as a complete blank canvas," Evans said.

"The panoramic views and the surrounding facilities that the end development will experience are unmatched.”

Brad Hamilton of Cushman &amp; Wakefield said the development is set to become the most iconic site on the Gold Coast.

"Its strategic location, coupled with the unprecedented support from the Queensland Government and Gold Coast City Council, makes it an unparalleled investment opportunity. Given the weight of capital with appetite for mixed use / living investments, we expect high levels of interest from a multitude of different purchasers,"&nbsp;Hamilton said.

The masterplanned precinct could suit a range of uses including tourism and resort facilities, hotels, various forms of residential complexes, retail precincts, cafes, restaurants, offices, and international conference and exhibition centres.

Joel Robinson

Five-tower masterplan set for Southport as Marine Parade site gets pitched to developers

<a href="/developers/fabcot" target="">Fabcot</a>, the development arm of Woolworths Supermarkets, is seeking to flip their development approved mixed-use site in Brisbane Kangaroo Point

The project was <a href="/news/qld/woolworths-green-lit-for-expanded-mixed-use-kangaroo-point-development">given the green light in August</a>&nbsp;after Fabcot amended plans following their acquisition of the site next door.

Their initial plans were for a 10-storey residential tower with 53 apartments, above a full-line Woolworths supermarket and three levels of parking. That was granted approval in December 2021.

Then they acquired&nbsp;an additional 149 sqm lot at 14 Prospect Street in January 2021,&nbsp;<a href="/developers/fabcot" target="">Fabcot</a>&nbsp;sought to modify the existing approval to accommodate the new purchase and create a larger and more extensive development.

<h4>Read more:&nbsp;<a href="/news/qld/first-look-woolworths-plot-larger-kangaroo-point-mixed-use-apartment-and-retail-development">First look: Woolworths plot larger Kangaroo Point mixed-use apartment and retail development</a></h4>

<a href="/developers/fabcot" target="">Fabcot</a>'s land package now spans a total of 3,197 sqm with frontages along Ferry, Prospect, and Deakin Streets, with part of the land reserved for potential future road widening.

<img alt="Woolowrths" data-entity-type="file" data-entity-uuid="25940ad6-6ea3-4234-8d12-641c6715ef93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-30%20at%208.04.58%20am.png?VersionId=YGK1mNxdCz3_xrakvvz8g.3sWYI3Ta6r" />

Plans are now approved for a&nbsp;17-storey building with 130 apartments. There will be seven one-bedroom apartments, 75 two-bedrooms, 44 three-bedrooms, and four four-bedroom apartments.

Amenities for the development will comprise a rooftop pool, gym, and outdoor barbecue space with seating. Around 2,600 sqm of space has been allocated for commercial use, allowing for a larger supermarket than initially proposed. The supermarket will now resemble a full-line store, catering to the needs of the Kangaroo Point community while adhering to a similar building footprint.

It was advised to the Brisbane City Council that the development would take place in two stages.

The first stage encompasses four basement levels (one more than originally approved), ground-level retail and commercial space, and rooftop services such as plant rooms and the condenser deck. The second stage will involve floors one to 15, along with the rooftop area, which will feature a garden, pool, barbecue area, and indoor gym.

Colliers has the listing. Woolworths already has in place the entire retail strata lease with an initial lease of 10 years and&nbsp;10 x 5 year options.

The project was given the green light in August after Fabcot amended plans following their acquisition of the site next door.

Woolworths development arm Fabcot list approved Kangaroo Point apartment development site

The development site of the <a href="/developments/edithvale-vic-3196">Edithvale off the plan apartment development</a>, Loft194, is up for sale.

The apartment complex comprises 16 one and two-bedroom apartments, just 170 metres from the beach, and less than 400 metres from Edithvale Station.

Apartments had been selling off the plan from $545,000.

The near 1,000 sqm site is being sold with the plans, and relevant approvals in place. There have been five sales in the building so far.

&nbsp;

Apartments had been selling off the plan from $545,000

alisonwarters@gmail.com

Loft194 development site in Edithvale hits the market

A strategic 40-year campaign to acquire an entire unit block in Kangaroo Point has come to fruition this week as one of the suburb’s last undeveloped sites with city skyline views comes to market.

The 797 sqm riverfront block at 4 MacDonald St is being marketed by JLL, who suggest the site to suit a five or six-level apartment block with one or two apartments per floor and skyhomes on the upper levels.

<a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a> is one of Brisbane's most tightly held suburbs for apartments, and one of the most expensive.

ARIA is <a href="/news/qld/aria-seek-to-make-kangaroo-point-cliffside-tower-canopy-house-by-aria-larger">developing Canopy House</a>, a higher density tower on Leopard Street, while Fortis are preparing <a href="/news/qld/exclusive-first-look-fortis-propose-full-floor-apartments-at-first-brisbane-apartment-development">their first Brisbane development</a>, 14 full floor apartments at 44 O'Connell Street.&nbsp;

A new development, Sorano House, is set to launch on Hamilton Street, just a handful of full floor residences starting from 350 sqm.

&nbsp;

JLL's&nbsp;Tim Jones, who is marketing the MacDonald Street site with Harry Borger, say the campaign comes at an incredible time of growth for the market.

“The <a href="/news/qld/city-beat-july-2023-brisbane-has-come-of-age-as-apartment-demand-booms">luxury apartment market in Brisbane shows no signs of slowing down</a>, with benchmark results on price and rate per square metre seemingly being challenged each month,” Jones said.

“In 2023 alone there have been four penthouse apartment sales in excess of $10 million - the highest of those being a $16.52 million sale in New Farm - with three of the top four having river frontage.

“Of the top 10 historic apartment sales in Brisbane, eight of those have changed hands since 2022, with three located in Kangaroo Point, highlighting the strength of the apartment market generally and more specifically for river-fronting projects," Jones added.

In terms of <a href="/news/qld/city-beat-july-2023-brisbane-has-come-of-age-as-apartment-demand-booms">growth in the luxury apartment sector</a>, Jones said the downsizing of movement was being reflected in benchmark prices.

“In the current market, we’re seeing results for apartment sales nipping at the heels of house sales,” he said.

“Owners of houses in these luxury areas are embracing the opportunity to move into house-sized apartments, 
with river views, where there have no maintenance and can simply lock up and leave.”

&nbsp;

The site vendor first bought an apartment in the current block of six back in 1981, suggesting "it was a different area back then."

“I was fascinated by the peninsular appearance of the area; the way it felt like an island with the Story Bridge across to the Valley, isolated, and yet so close to everything, and then a little council boat to ferry you across the river every 15 minutes,” the vendor said.

“Only a few older houses, neglected wharves and a rundown jazz club. The views were special and I enjoyed watching the boats on the river.”

The vendor secured the sixth and final unit in 2022.

The 797 sqm riverfront block at 4 MacDonald St is being marketed by JLL, who suggest the site to suit a five or six-level apartment block with one or two apartments per floor and skyhomes on the upper levels

Luxury Kangaroo Point riverfront apartment development tipped as four-decade site plan comes together

A prime site in South Kingsville, approved for a 305-townhome masterplan, has hit the market.

Colliers’ Hamish Burgess, Trent Hobart and Yvonne Zhou have&nbsp;been appointed to sell the significant 71,789 sqm infill development site at&nbsp;2-48 New Street, South Kingsville, on behalf of developer INPG. They are expecting it to sell for around $60 million.

Positioned in the thriving inner west, a short distance from <a href="/developments/melbourne-vic">Melbourne’s CBD</a>, this major site of scale and significance provides the opportunity to deliver a master-planned inner city community just 6km west of Melbourne’s CBD.

There's planning approval for 56 townhouses in stage one and an approved overall masterplan for 305 townhouses. Designed by renowned architects and placemakers Clarke Hopkins Clarke, the masterplan incorporates six separate stages designed around a central park and linear green spaces, providing thoughtful aspects and green amenities.

The generously sized allotment is positioned within walking distance of two train stations, connecting through the thriving and gentrified inner western suburbs of <a href="/developments/spotswood-vic-3015">Spotswood</a>, <a href="/developments/yarraville-vic-3013">Yarraville</a> and <a href="/developments/seddon-vic-3011">Seddon</a> and the future Arden Station, University Precinct and Central CBD.

Colliers’ Director for Development Sites, Hamish Burgess, said the land sits under a flexible Comprehensive Development Zone (CDZ), providing a clear scope and development certainty for future stages.

"It is a perfect infill development proposition that will benefit from the government’s renewed focus to achieve its 70/30 housing strategy between established suburbs and growth areas," Burgess said.

“The site has approval for a staged development, which allows the development to follow market conditions, allowing for pricing escalation, in an area that will likely see upward pressure on housing prices in the near term."

<img alt="South Kingsville" data-entity-type="file" data-entity-uuid="31e31bde-6dba-43d6-a30a-5fc4650d1bd4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-17%20at%209.10.05%20am.png?VersionId=t_agvPLrvArzesGTXEmXDb_2K2jgcbYw" />

Upon completion, the overall 67-hectare precinct, known as ‘Precinct 15’, will comprise residential and commercial developments and allows for the construction of up to 3,000 dwellings ranging from three to six stories in height, together with new office buildings, retail premises and over eight hectares of public open space.

The site is located down the road from Frater Group's townhouse development, <a href="https://www.urbandirect.com.au/knew/">Knew South Kingsville</a>.

Trent Hobart Colliers’ National Director for Development Sites said the site is positioned amongst other high-profile developers and projects under construction in a proven location that has undergone substantial growth and gentrification in recent years.

“Melbourne’s inner-west is thriving thanks to several urban renewal and infrastructure projects which are elevating amenity and infrastructure to the area creating unprecedented levels of growth."

The Hobson Bay population is expected to grow from around 92,000 in 2021 to 120,000 in 2041.

There's planning approval for 56 townhouses in stage one and an approved overall masterplan for 305 townhouses

Permit approved townhouse masterplan in South Kingsville listed

Two development sites listed within the Melbourne CBD and surrounds are likely to attract residential interest given their location.

A Melbourne-based family have listed a corner freehold building at&nbsp;144-148 A'Beckett Street, in the Queen Victoria Market Precinct which is to undergo a $1.7 billion redevelopment.

The building is being sold for the first time in over three decades.

Cushman &amp; Wakefield and MMJ Real Estate are marketing the three-level building which currently comprises a prominent ground floor showroom, off street lockup side entrance, and open floor plates across levels one two and three.

Oliver Hay, Cushman &amp; Wakefield’s International Director &amp; Co-Head Investment Sales, VIC, believes one of the most significant advantages of this property is its proximity to the upcoming $1.7 billion Lendlease &amp; City of Melbourne Queen Victoria Market redevelopment, set to be the largest urban renewal project in Melbourne. Just meters away, the building is poised to benefit directly from this transformative initiative.

“Adding to its appeal, the property is conveniently located a mere 250-metre walk from the advancing State Library Train Station, part of the $11 billion Metro Tunnel Project scheduled for completion in 2025. Melbourne Central Train Station and multiple tram routes on surrounding thoroughfares are also within easy walking distance” Hay said.

Interest is expected at over $8 million.

Cushman &amp; Wakefield is also marketing what they are calling&nbsp;one of the last Melbourne city fringe corner sites of scale with panoramic views.

The site, across&nbsp;60-80 Adderley Street &amp; 133-137 Batman Street, West Melbourne, is ideally located for future development, on a north-facing corner wrapped by council laneways, future-proofing any development.

<img alt="West Melbourne site" data-entity-type="file" data-entity-uuid="5efa2611-ac79-4596-b97c-a076b2679589" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-07%20at%2011.19.48%20am.png?VersionId=enUDJrSqz8rM_Obsxpc70uhvTEdugnf0" />The warehouse site across Adderley and Batman Streets. Image supplied

The 1,420 sqm site currently comprises two warehouses, and comes with demolition clauses, allowing&nbsp;immediate development ability.&nbsp;

Daniel Wolman,&nbsp;Cushman &amp; Wakefield’s International Director &amp; Co-Head Investment Sales, VIC&nbsp;said the strategically located mixed-use precinct surrounding Adderley Street &amp; Batman Street is supporting the expansion of the Melbourne CBD and rapidly transitioning from a historically industrial area to a vibrant, charter-rich residential and business community.

“With its exceptional development potential, corner positioning, untapped scenic views, and diverse future possibilities, 'Batman and Adderley' is poised to attract a wide range of buyers seeking to capitalise on a future-proof location”.

The site is just over 100 metres from The Spencer Precinct, which has been earmarked&nbsp;as the dynamic 'main street' of West Melbourne.

Wolman said this strategic designation brings forth exciting prospects for new and existing businesses, attracting a diverse range of retailers, eateries, and service providers.

“The incorporation of essential retail amenities within all new developments within the Spencer Precinct guarantees a vibrant and convenient lifestyle for residents and visitors alike”.

The A'Beckett Street and Adderley and Batman Street sites are prime locations for future residential development

Two prime Melbourne development sites to attract residential developers

Casuarina, a quiet suburb on the fringe of New South Wales and Queensland in the Tweed Shire, was long a quiet neighbour to the more well known Kingscliff.

It was popular for weekenders from Brisbane and the Gold Coast, and holiday homes for those further afield in Sydney, as well as retirees and families.

Large houses make up the majority of the residential spread, but new opportunities on undeveloped land has seen apartment developers descend on the coastal suburb.

Holm Developments and joint venture partner&nbsp;DeMartini Fletcher put it on the map in the off the plan apartment market when they announced PAMA, their 47 apartment project on Grand Parade, in 2021.

Last year Brisbane-based Azure Developments <a href="/news/nsw/azure-to-venture-to-nsw-with-subtropical-apartment-and-townhouse-development-in-casuarina">filed for a 91-dwelling coastal resort</a> with both apartments and terrace homes on the same street.

<img alt="Azure" data-entity-type="file" data-entity-uuid="99fd63ef-12e5-4d00-80c7-525265a39109" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-07%20at%209.16.09%20am.png?VersionId=g5IeNYxKGoon42_mKfGfi3fDbgzwSyqf" />Azure's plans for their Grand Parade site. Image supplied

Now Clarence Property has listed one of the last undeveloped beachside sites through CBRE, who is expecting interest from both Australian and offshore developers.

The one hectare offering, split into five lots of land, is also on Grand Parade, just 100 metres to the beach.&nbsp;

The five sites range from 1283 sqm to 2,482 sqm offering a combined total of up to 9,663 sqm, with access from and frontages to Grand Parade, Candlenut Street, Black Wattle Circuit, Habitat Drive and Blue Horizon Drive. They're being sold either separately or in one line.

Holm and DeMartini Fletcher paid $8.69 million for their 4,083 sqm PAMA site in late 2021, while Azure spent nearly $21 million on their larger 7,354 sqm site around the same time.

Over 70 per cent of the 47 apartments in PAMA have sold. The project is now under construction through Hutchies.

[smartcode_project:default project_id=112236 project_image_fid=202262]

CBRE Gold Coast managing director Mark Witheriff and associate director Daniel Doran, together with Colliers director of development sites Brendan Hogan and Gold Coast director-in-charge Steven King, are marketing the sites in an expressions-of-interest campaign closing on August 16.

Witheriff said he expected a bevy of premium residential and mixed-use developers to run the rule over the sites which are approved for a mix of three and four storey developments up to 13.6 metres in height.

“This is an unprecedented opportunity to deliver a landmark mixed-use promenade precinct close to the beach offering unimpeded ocean views from the upper levels within one of the most sought- after coastal communities in the country,” Witheriff said.

“The approved Casuarina Beach Town Centre plan permits a broad range of uses including shop-top housing with ground level commercial, medical and retail spaces fronting Grand Parade as well as three-storey residential-only boutique apartments.

Colliers agent Brendan Hogan said the range of convenience amenities in walking distance, including the thriving Coles- anchored Casuarina Village as well as The Commons retail and dining precinct, strengthened the appeal of the final precinct of Casuarina Beach.

<img alt="Casuarina" data-entity-type="file" data-entity-uuid="98f0f740-8c65-4f36-826d-0e8215eba8af" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%203.32.41%20pm.png?VersionId=C6HP9sANS_QGuNbl53gf3vBEhBV7._eV" />The five beachside lots. Image supplied

“It’s not just the Casuarina Beach community that has come along in leaps and bounds in recent years but the wider region as well, with more than $1 billion in major infrastructure projects adding to its transformation,” Mr Hogan said.

“Casuarina Beach is just a five-minute drive from the new $723 million Tweed Valley Hospital nearing completion and due to open early next year and under 20 minutes’ drive to Gold Coast International Airport, which recently underwent a $260 million terminal expansion.

“The region is playing host to a massive amount of investment which is underpinning strong population growth and sustained long-term growth in property values.”

They are located within the Casuarina Beach Town Centre, which enjoys NSW State Government concept plan and project approval, which details the applicable built form and land use provisions permitted.

Large houses make up the majority of the residential spread, but new opportunities on undeveloped land has seen apartment developers descend on the coastal suburb

More off the plan apartments slated for prime Casuarina Beach development site

While preparing to launch its next Broadbeach apartment tower The Sterling, veteran developer Raptis has listed a prime development site in the heart of the same suburb.

They're selling a 1,548 sqm block at 5-9 Anne Avenue, with development approved plans for a 224-apartment project.

Raptis however tweaked those plans in late 2021, proposing a 35-level tower with 146 apartments designed by Bates Smart. That application is still sitting with council.

The new project submission is geared more toward owner-occupiers, with 56 two-bedroom apartments, 84 three-bedroom units, and six penthouses.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="bc40decc-a784-4b6c-ae70-992705450e75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%2010.49.53%20am.png?VersionId=k3S2WxjiIdrwRNREQEo5ohrtWf4pVW33" />The Bates Smart proposal. Image credit: Bates Smart

On the design, Bates Smart said they had been inspired by the natural beauty of the site, its desirable climate and thriving context when crafting these well appointed residences.

"Its architectural form and expression takes inspiration from the flora of the region, embodying a natural, biophilic character that is legible at all scales of the proposal," the prominent architecture firm stated in their design statement submitted in late 2021.

"A human scaled podium welcomes visitors and residents to the ground floor lobby that is nestled amongst a verdant landscape setting with deep planting zones along the street edge and perimeter ground level planting.

"The character and disposition of the podium is defined by distinct sculptural bays which echo the prevailing street scale rhythm and form along Anne Ave."

<img alt="Raptis" data-entity-type="file" data-entity-uuid="8862b1c3-d6cd-4334-a8ce-cb26fc5e1d99" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-03%20at%2010.34.12%20am.png?VersionId=4ZImr70B1hL0S9uRMBwNaPiwce8WYiGu" />The Bates Smart proposal. Image credit: Bates Smart

GV Property Group's Luke Reaby and Antonio Mercuri are selling the development, and they've already had interest from local builder developers.

"There are limited sites left in the CBD of Broadbeach this close to the beach that come with development approval," Reaby says.

"Anne Avenue is one of the best street in Broadbeach, being walking distance from the Oracle, the beach, Casino and Pacific Fair.&nbsp;This appeals to all demographics&nbsp;and makes for any development to be a very saleable/demanded project."

Pezet Matheson's Jayde Pezet, who provided revenue advice, says Broadbeach is widely recognised as the lifestyle epicentre of the Gold Coast.

"Located in Southern Broadbeach, Anne Avenue represents a prime site with a wide 51 metre street frontage. The site has strong city, ocean and hinterland view corridors and is located only footsteps from the beach. Mid and high-level apartments will capture spectacular ocean views to the East.

Overall, the site is in a highly desirable location, close to Broadbeach’s CBD, providing purchasers with superior walkability and an exceptional coastal lifestyle

Pezet Matheson have been master agents across a number of Broadbeach projects over the years, including Little Projects' Signature Broadbeach, The Oracle, and the well-known Star Residences.

Pezet says they are confident in achieving a sales rate of between $11,000 to $16,000 per sqm, inclusive of internal and balcony space.

Raptis is turning its attention to The Sterling Broadbeach on George Avenue, which they are soon to launch.

They reconfigured the tower extensively after understanding the change in market conditions, paired with continually growing construction costs. They have taken off 17 levels of the approved Koichi Takada-designed tower, now&nbsp;

[smartcode_project:default project_id=101620 project_image_fid=210398]

"The approved design, which was first conceived over two years ago, has been subject to detailed investigations in terms of marketability and constructability," the minor change submission to the Gold Coast City Council noted.

"These investigations have determined that the approved product mix is no longer suitable for the current property market both in terms of the type and amount of product proposed.

<a href="/news/qld/first-look-exclusive-raptis-to-chop-17-levels-off-the-sterling-broadbeach-apartments">Read more:&nbsp;First look exclusive: Raptis to chop 17 levels off The Sterling, Broadbeach apartments</a>

"More importantly, it has been determined that the approved design is no longer feasible from a construction perspective due to the substantial changes that have occurred within the construction industry in terms of build costs and material supply.

[smartcode_project:default project_id=101620 project_image_fid=210397]

"Given the challenges that have been identified as part of ongoing investigations, it has been determined that the size and scale of the development must be reduced in order to allow for it to progress to the construction phase of the development process."

They're also in the final stages at Pearl Main Beach, their 30-level tower on Main Beach Parade.

All of the two-bedroom apartments are sold out. The three-bedroom apartments are priced from $1.8 million.

[smartcode_project:default project_id=106752 project_image_fid=169993]

GV Property Group recently sold Raptis' other development approved site in Chelsea Avenue, Broadbeach to Amalgamated Property Group.

Read more:&nbsp;<a href="/news/qld/first-look-amalgamated-property-group-double-down-on-broadbeach-apartment-market-with-raptis-site-acquisition">First look: Amalgamated Property Group double down on Broadbeach apartment market with Raptis site acquisition</a>

They're selling a 1,548 sqm block at 5-9 Anne Avenue, with development approved plans for a 224-apartment project

Raptis list prime apartment development site in the heart of Broadbeach

It seems like only a few years ago Chevron Island wasn't on the map for apartment developers.

The charming village just a bridge away from Surfers Paradise was home to an ageing population, and ageing buildings. Most of the apartment buildings were four or five decades old.

Fast forward to 2023, and it's one of the most popular spots for both buyers and developers in the centra Gold Coast area.

The Sydney-based Macquarie York were one of the first developers to descend on the island under its new transformation. They're also currently developing Nina.

Siera Group are currently preparing construction at Tapestry at 39 Darrambal Street, while Aniko are over 60 per cent sold at Orama, their first development on the island.

There's also the huge Bensons tower, Chevron One, which is the tallest tower on the island at 41 levels. That will home some of the most expensive apartments not only on Chevron Island, but across the whole of the Gold Coast.

[smartcode_project:default project_id=6515 project_image_fid=68834]

A rare opportunity to secure a prime 2,529 sqm site at 6 Stanhill Drive, on the sought-after eastern side of the island near the bridge to Surfers Paradise and the Thomas Drivee strip of cafes, restaurants and retail.

GV Property Group's Antonio Mercuri and Luke Reaby have listed the site, with concept plans drawn up by Plus Architecture's Danny Juric for a 17-level tower with 167 apartments and rooftop recreation. There would be a mix of 92 two-bedroom apartments and 73 three-bedders.

The development, which is located in a zone with an unlimited height limit, will benefit from protected view corridors over the surrounding Nerang River and to Surfers Paradise, given the strict nine-level height limit near the water.

<img alt="Chevron Island" data-entity-type="file" data-entity-uuid="8111e2fb-2452-410b-b9f5-32594b4b0a5d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-02%20at%209.07.47%20am.png?VersionId=oehSxOfqO0ayt54R2dgohQj1pWQHWcFy" />

MOTIV Director Carly Cottam, who has offered revenue advice for the project, suggests Chevron Island is an attractive proposition for buyers.

"Chevron Island offers residents the best of both worlds, a short, walk to Surfers Paradise, our golden beaches and an array of cafes, restaurants, shopping and retail.&nbsp; There’s also an exciting amount of gentrification in the works through Surfers Paradise and Chevron Island.”

"As we know, supply of new apartments is drastically falling, however demand remains incredibly solid and due to this, we expect apartment prices to continue to increase if supply becomes more critical," Cottam says.

“We’re still seeing a significant proportion of demand from interstate buyers, mostly from NSW and VIC, however the first to act are our Gold Coast and Brisbane buyers as they are fully aware of the limited opportunities at present.”

“Demand for luxurious apartments that offer the luxury-intent investor and owner-occupier a low-maintenance, beachside lifestyle continues to dominate. Chevron Island offers residents the best of both worlds, a short, walk to Surfers Paradise, our golden beaches and an array of cafes, restaurants, shopping and retail. There’s also an exciting amount of gentrification in the works through Surfers Paradise and Chevron Island.”

GV Property Group's Luke Reaby says, while demand from developers has scaled back from its COVID peak, there's still plenty of interest up and down the Gold Coast, particularly from Sydney and Melbourne developers who aren't getting much luck with councils in their own states.

"We're also seeing some of the big name developers come out and buy, which is a strong sign of confidence in the future of the residential sector.

"As the competition is not as fierce as it was, we are seeing both vendors and developers look at more structured deals, with longer settlement terms the most common."

A rare opportunity to secure a prime 2,529 sqm site at 6 Stanhill Drive, on the sought-after eastern side of the island near the bridge to Surfers Paradise and the Thomas Drivee strip of cafes, restaurants and retail

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