ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

&nbsp;

There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Joel Robinson

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

<section data-element_type="section" data-id="b086848">
Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

Mermaid Beach

Mermaid Beach, one of the Gold Coast's most coveted beach suburbs, is set to welcome a new architectural masterpiece that promises to redefine luxury living.&nbsp;

Developed by the reputable local developer DANKAV, designed by the award-winning architects BDA, and brought to life by creative landscape architects FORM, LAANI is a true testament to innovation and collaboration, with a collection of just 49 residences set for the new building.&nbsp;

The 18-level building showcases views of the ocean, cityscape, and hinterland, connecting residents to the beauty of their surroundings, with each apartment crafted to optimise space and natural light.

[smartcode_project:default project_id=6997 project_image_fid=185190]

The use of high-quality materials, fixtures, and finishes adds a touch of sophistication to the apartments, with LAANI offering a mix of two and three-bedroom apartments.&nbsp;

Residents will be at home to a range of amenities, which are situated across the entire 10th floor.&nbsp;The standout feature is the private sky dining area, where residents can enjoy intimate gatherings or host special occasions with panoramic views as their backdrop.

&nbsp;

[smartcode_project:default project_id=6997 project_image_fid=185194]

The heated pool, surrounded by a poolside lounge area and separate day beds, offers a tranquil oasis for relaxation and enjoyment.

For those seeking wellness and rejuvenation, the sauna provides a space for ultimate relaxation, while the state-of-the-art gym ensures residents can maintain an active lifestyle without leaving the comfort of their home.

Entertainment options abound within LAANI, as residents can indulge in the cinema for a movie night experience. There's also communal office space, exclusively available for owners, provides a versatile area for work or study.&nbsp;

[smartcode_project:default project_id=6997 project_image_fid=185664]

Location is another aspect that makes LAANI a highly desirable place to call home.

Situated just 200 metres from the renowned 57 kilometre stretch of golden sandy beaches, residents can easily embrace the quintessential coastal lifestyle.

LAANI is conveniently surrounded by a plethora of local treasures, including the Star Casino, Gold Coast Convention Centre, Pacific Fair Shopping Centre, GC Light Rail, Cascade Gardens, local parks, and the vibrant Broadbeach dining and entertainment precinct.

[smartcode_project_cta:default project_id=6997]

The 18-level building showcases views of the ocean, cityscape, and hinterland, connecting residents to the beauty of their surroundings, with each apartment crafted to optimise space and natural light

alisonwarters@gmail.com

LAANI offers Mermaid Beach apartments under $1 million

Opportunities such as Lila, the newest development of just two villas in the heart of Mermaid Beach, don't come around often.

The local Gold Coast developer, Revilo Projects, has created a duplex at 5 Petrel Avenue, just 200 metres from the ocean and on the southern edge of the core Nobby Beach precinct.

BDA Architects has teamed up with Beck Space Interiors to deliver two&nbsp;four-bedroom dwellings over three levels.

Lila villas offer a generous 300 sqm of living space, a private pool, lift, built-in bar and butler's kitchen, as well as bespoke Italian cabinetry, V-Zug appliances, natural stone and an instantly recognisable facade.&nbsp;

[smartcode_project:default project_id=112742 project_image_fid=211125]

Jayde Pezet of Pezet Matheson says villa living allows people to live in a Triple-A Grade location, at a price that still represents solid value.

"House prices have skyrocketed on the Gold Coast, and developers are offering villas and luxury townhouses that still offer house-sized living spaces over several levels," Pezet says.

The architecture is modern and hard-lined. Comprising a timeless material palette of concrete, glass and timber off set by a undulating screen to create a rich and layered effect.

The ground level includes a double-car garage, storage, laundry, powder room and rumpus room with bi-fold doors opening to the east onto the combined outdoor living, garden court and pool area at the rear.

[smartcode_project:default project_id=112742 project_image_fid=211119]

Level one homes a multi-purpose room, with open-plan kitchen, living and dining area with a pantry and powder room. Upstairs are level two are the bedrooms of the residences with two bedrooms sharing a bathroom and the master bedroom including an ensuite, along with a designer wardrobe.

Revilo Projects is led by local developer Paul Dolso.

"Understanding the Gold Coast like the back of our hands is what allows us to deliver properties that capitalise on every opportunity afforded by our world class postcode, and give local residents a place they are proud to call their own," Dolso says.

Revilo are also developing next door, turning 3 Petrel Avenue in to a boutique block of just three whole floor apartments.

<img alt="Petrel" data-entity-type="file" data-entity-uuid="8248831b-eafc-427a-8bcf-b5fcf414f164" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-14%20at%2012.42.05%20pm.png?VersionId=50T5XGUpzcVkVCZc1ipenBWp_HPhPYME" />

There will be two three-bedroom apartments along with one four-bedroom apartment.

Also designed by BDA Architects, the apartments have been designed with&nbsp;a soft colour palette, white batten screening, timber soffits and natural stone, creating a coastal facade offset by the subtle curves of the built form.

Private open spaces have been incorporated for each apartment, with the ground floor apartment taking advantage of a large podium terrace, and the upper two apartments with the luxury of private roof top terraces.

Lila villas offer a generous 300 sqm of living space, a private pool, lift, built-in bar and butler's kitchen, as well as bespoke Italian cabinetry, V-Zug appliances, natural stone and an instantly recognisable facade

Rare Mermaid Beach duplex opportunity as Revilo Projects completes Lila

Nothing breeds confidence in the off the plan property market like firm construction timelines.

Completion dates can be the overarching factor in a prospective buyer's decision to purchase or not.

In the off the plan purchasing journey, most buyers have an idea when they want their new property to be ready, and will base the timelines of their current living situation around that.

A number of projects on the Gold Coast are at development application stage, and there are a number which are approved but are waiting for two factors; market conditions to change to become slightly more favourable based on their product mix, and build costs to come down a little further before announcing they're on the market.

We've wrapped up the top apartment projects currently aiming for a 2024 completion date.

<h2>Project: Orama 
Location:&nbsp;Chevron Island&nbsp; 
Developer: Aniko Group</h2>

Promionent developers Aniko has branched out from Hope Island, taking to the burgeoning Chevron Island for their latest development.&nbsp;

Orama will rise 21 levels at 12-16 Weemala Street, conveniently located just off Thomas Drive, the retail, food and cafe hub that dissects the island.&nbsp;

[smartcode_project:default project_id=111898 project_image_fid=209175]

The site is also located on the sought-after eastern side of Chevron Island, which makes it just a short 950 metre walk over the bridge to the heart of Surfers Paradise.

102 apartments will be constructed within the tower, which Aniko is tipping to be completed by late 2024.

[smartcode_project:default project_id=111898 project_image_fid=209594]

Six residences will take up a spot across each floor, with the lower levels comprising two-bed, two-bath configurations, while the higher levels will feature three-bedroom skyhomes and two penthouses.&nbsp;

Plus Architecture has designed the tower, which will feature a sprawling rooftop recreation area overlooking Surfers Paradise.&nbsp;

The entire 21st level will house a lap pool and spa with 180 degree views across the ocean, a gym with a sauna and a yoga space, and a business lounge with private offices, booths, and a boardroom.

Read more:&nbsp;<a href="/news/qld/aniko-launch-orama-apartments-on-chevron-island">Aniko launch Orama apartments on Chevron Island</a>

Read more:&nbsp;<a href="/news/qld/creating-a-sense-of-community-the-rooftop-terrace-set-to-bring-orama-chevron-island-residents-together">"Creating a sense of community": The rooftop terrace set to bring Orama, Chevron Island residents together</a>

<h2>Project: Cascade 
Location: Robina 
Developer: Andrews Projects&nbsp;</h2>

The Danny Andrews-led Andrews Projects has seen keen interest from buyers since launching their Robina project Cascade to the market.&nbsp;

The group has secured $125 million in pre-sales at the $250 million 116 Lavar Drive project, with its desirable location in the heart of the master planned suburb a major drawcard.&nbsp;

[smartcode_project:default project_id=135618 project_image_fid=208702]

Two boutique 15-storey towers will be constructed across the site, offering a mix of two and three-bedroom apartments, as well as an exclusive collection of three-bedroom penthouses.&nbsp;

The residences will feature large open plan kitchens, living and dining spaces, along with full-height double glazed windows, Miele appliance, Caesarstone benchtops and fully ducted air-conditioning.&nbsp;

[smartcode_project:default project_id=135618 project_image_fid=208703]

A 25-metre magnesium pool, gym, spa pool and sauna form part of the state-of-the-art wellness centre set to be on offer in Cascade, while generous landscaping complements the lush communal areas which include an amphitheatre and private poolside cabanas.

Cascade is also planning for a late 2024 completion date, with a number of two and three-bedroom floorplans still remaining.&nbsp;

Read more:&nbsp;<a href="/news/qld/andrews-projects-launches-cascade-robina-apartments-scoring-125-million-in-pre-sales">Andrews Projects launches Cascade, Robina apartments, scoring $125 million in pre-sales</a>

<h2>Project: Rhythm Kirra Hill 
Location: Coolangatta&nbsp; 
Developer:&nbsp;Immerse Projects</h2>

Immerse Projects also joins the list, with Rhythm Kirra Hill.&nbsp;

40 coastal apartments are being constructed across the site, in what is the first project to be launched&nbsp;under the newly branded development company.&nbsp;

[smartcode_project:default project_id=112169 project_image_fid=207366]

Designed by award-winning firm BDA Architecture, Rhythm Kirra Hill will capture the essence of a modern coastal lifestyle with a selection of two-bedroom, two-bathroom apartments across the seven-level building, with five different floorplans on offer.

The apartments range in size from 95 sqm to 157 sqm, with the project tipped to appeal to a broad range of buyers.&nbsp;

Rhythm Kirra Hill will feature a host of tailored amenities framed by sub-tropical landscaping, with the rooftop featuring a pool, barbecue area, and sun lounge deck, in addition to the ground-level amenity which includes a sauna, gym, meeting room, and an outdoor shower.

[smartcode_project:default project_id=112169 project_image_fid=207368]

Located in the heart of Coolangatta, residents will be just 150 meters from the shopping, dining and entertainment precinct along The Strand, while also being just a short stroll from a number of beaches, cafes and restaurants.

One, two and three-bedroom apartments can still be purchased in the development, with construction due to wrap by early 2024.&nbsp;

Read more:&nbsp;<a href="/news/qld/rhythm-kirra-hill-brings-affordability-back-to-kirra">Rhythm Kirra Hill brings affordability back to Kirra</a>

<h2>Project: Yves 
Location: Mermaid Beach 
Developer: Hirsch &amp; Faigen</h2>

Hirsch &amp; Faigen’s $200 million Yves is set to wrap on construction in August next year.&nbsp;

Comprising 145 luxury residences, all the one-bedders have been sold in the Mermaid Beach development, with just two and three-bedroom apartments remaining, in addition to the remaining half-floor and full-floor sub-penthouse and penthouse. &nbsp;

[smartcode_project:default project_id=102451 project_image_fid=186075]

Construction giant Hutchinson's began the build in May last year on the prime 7-9 Mermaid Avenue site, just metres from the famed Hedges Avenue beachfront strip.&nbsp;

Designed by Rothelowman, the project is the third Gold Coast development for Hirsch &amp; Faigen, with each building crowned by outdoor rooftop seating.&nbsp;

[smartcode_project:default project_id=102451 project_image_fid=194832]

Residential amenity will feature in the shared lobby, which have been designed as greenhouses to create a suburban feel.&nbsp;

A north-facing swimming pool will be the centrepiece of the offering, with the space complete with an additional pool and yoga deck, a gym, sauna, recreation lounge and barbecue seating.

Read more: <a href="/news/qld/secure-yves-mermaid-beach-apartments-with-just-a-10k-deposit">Secure Yves, Mermaid Beach apartments with just a $10k deposit as Coposit launches in Queensland</a>

Read more:&nbsp;<a href="/news/qld/why-locals-are-buying-an-yves-mermaid-beach-apartment">Why locals are buying an Yves, Mermaid Beach apartment</a>

Read more:&nbsp;<a href="/news/qld/hirsch-faigen-appoint-hutchinson-builders-to-deliver-gold-coast-apartment-development-yves">Hirsch &amp; Faigen appoint Hutchinson Builders to deliver Gold Coast apartment development, Yves</a>

<h2>Project: The AU 
Location: Surfers Paradise 
Developer: ASF Group</h2>

The AU takes up shop along Surfers Paradise's renowned Esplanade.&nbsp;

The luxury development gives residents the chance to live right on the beach, while being just moments from all Surfers has to offer, along with the rest of the Gold Coast.&nbsp;

[smartcode_project:default project_id=6762 project_image_fid=187228]

The 19-storey development delivers a collection of 12 full floor and two tri-level penthouses, which have been designed by Archidiom with interiors by the renowned&nbsp;Greg Natale.

Everything about the homes exudes timeless and opulent luxury, with triple-height glazing, showcasing unbeatable ocean vistas and filling each living area with natural light, as well as detailed marble flooring and structural columns with an art-deco style fluted pattern.

Residents of The AU will also have exclusive access to the on-site club which features a sun deck and lounge, sauna, gymnasium, barbeque and dining area and an ocean-view pool.

[smartcode_project:default project_id=6762 project_image_fid=187221]

Just a handful of four-bedroom residences remain in the Surfers Paradise development, with construction slated to wrap by the end of 2024.&nbsp;

Read more:&nbsp;<a href="/news/qld/how-the-au-maximises-the-surfers-paradise-beachfront-more-than-any-other-development">How The AU maximises the Surfers Paradise beachfront more than any other development</a>

Read more:&nbsp;<a href="/news/qld/how-the-french-art-deco-influence-inspired-greg-natales-design-of-the-au-surfer-paradise-apartments">How the French Art Deco influence inspired Greg Natale's design of The AU, Surfer Paradise apartments</a>

Read more:&nbsp;<a href="/news/qld/display-tour-video-the-au-by-asf-group-at-52a-the-esplanade-surfers-paradise">Display Tour Video: The AU by ASF Group at 52A The Esplanade, Surfers Paradise</a>

Completion dates can be the overarching factor in a prospective buyer's decision to purchase or not

Top five Gold Coast apartment developments completing construction in 2024

Plans have been submitted by the local Gold Coast apartment developer Aniko Group for their massive $1.5 billion landmark project in Mermaid Beach.

The four-tower development on over 1.1 hectares on the corner of Gold Coast Highway and Seaside Avenue, will see 973 apartments delivered, as well as a luxury hotel, offices, and a good, beverage and retail precinct.

The four towers, which are designed by award-winning firm Plus Architecture, will rise 25, 30, 40 and 53 levels, with a mix of&nbsp;one, two and three-bedroom apartments, as well as an exclusive collection of three-bedroom-plus-study sky homes, sub-penthouses and penthouses.

<img alt="Aniko Mermaid" data-entity-type="file" data-entity-uuid="850375c8-2872-43f8-a51a-5e76435442fe" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-24%20at%207.44.57%20am.png?VersionId=GvNgDUPxayzQEGtjl1kvrb0btNlmcrZK" />

The apartments will range in size from 60 sqm for the one-bed units to over 500 sqm for the penthouses. Plus have designed the apartments&nbsp;to appeal to a broad range of buyers from sea changers, owner-occupier lifestyle seekers, downsizers, investors, and lock-and-leave holiday homeowners.

Residents will have access to&nbsp;extensive amenity on an expansive recreation podium. The podium will service all four towers, offering a central resort-style lagoon pool, separate lap pool, sauna, steam room and a large gym.

<img alt="Aniko Mermaid" data-entity-type="file" data-entity-uuid="9b53a9ca-d0f7-442b-a65d-a26bdacece9c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-23%20at%202.51.34%20pm.png?VersionId=Wq.MIwjVSdiF6jwZ80QoRsPd2A25CWsY" />

The recreation podium will also provide extensive recreational amenities for residents and hotel guests including a bowling alley, a teen arcade, a Treasure Island kids’ play area with a Lazy River kids’ lagoon, and a multi-use court that will accommodate half-court basketball, volleyball and pickleball.

A residents’ lounge, with work-from-home facilities, will be complemented by breakout seating areas throughout, including a dedicated firepit.

<img alt="Aniko Mermaid" data-entity-type="file" data-entity-uuid="070ab984-78b0-4b5a-81d3-987c3ca53340" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-24%20at%207.46.03%20am.png?VersionId=srlprIkq0ZIX1zvOg22Ma0ZBPF5wo6aw" />

The ground floor will offer fine dining that utilises more than 100 metres&nbsp;of waterfront presence to the west of the property facing Pacific Fair.

Aniko Group Managing Director George Mastrocostas said they're hoping to launch the first stage of the project in late 2023, pending approvals, with the first residents to be welcomed by 2025.

The project will be delivered in four stages over the next six years. The first stage will comprise the 30-level tower with 175 one, two and three-bedroom units on offer.

“We believe the proposed plan will provide a unique and highly curated experience for both residents and workers of the development and the local community beyond,"&nbsp;Mastrocostas said.

<img alt="Aniko Mermaid" data-entity-type="file" data-entity-uuid="db1d5340-14b9-4c4a-8267-eb754f2f236c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-24%20at%207.45.34%20am.png?VersionId=xiqcXMzDItbWrrBdMmbsUDJD1DrNErhh" />

“With the support of GCCC, we intend to reinvigorate the existing Pacific Fair Drive with retail, food and beverage tenancies which will invite and encourage pedestrian movement along our site and towards the canal edge.

“With these lifestyle and connectivity considerations key components of the master plan, this project will certainly be a game-changer for Mermaid Beach as residents and visitors can live, work, eat and play all within the same vicinity."

The mixed-use development will also include more than 10,000sqm of commercial A-grade office space, leveraging off the site’s prime position along the Gold Coast light rail while bolstering supply in a tightening Gold Coast office market.

“The inclusion of a commercial component to the project will create a local hub for a range of businesses and services located within walking distance to accessible public transport,” Mastrocostas added.

The four towers, which are designed by award-winning firm Plus Architecture, will rise 25, 30, 40 and 53 levels

Aniko lodge plans for $1.5 billion Mermaid Beach development

Adjacent to its fashionable neighbours Broadbeach and Miami lies the Gold Coast's coastal suburb of Mermaid Beach, called so after the cutter HMS Mermaid.

The relaxed stretch of golden coastline is popular with swimmers and surfers looking to escape the flocks of people, with keen surfers making tracks for the uncrowded break at Heron Avenue, later refuelling at the Surf Life Saving Club, renowned as being possibly the Coast's very best.&nbsp;

A step back from the famous beaches that line the Gold Coast, lies the rolling hills of the hinterland and beyond and one recent residential development showcasing the views, is&nbsp;Niecon's&nbsp;Ventura Residences.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199484]

While just 250 metres from the Mermaid Beach sand, Ventura benefits from a north, north-west corner positioning, taking in not just the nearby beach, but city skyline and hinterland views as well.&nbsp;

Niecon’s Sales and Marketing Director, James Nikiforides has spent his whole life in the area and says the hinterlands are what makes quintessential Queensland living.

“Everyones focus is on the beach but people rarely focus on the hinterland, when we have one of the most beautiful hinterlands in the world,” he said.&nbsp;

While the crystal clear ocean waters and stretches of golden sand are the first thought for most when thinking of the Goldie, one often overlooked aspect is the hinterland.&nbsp;

National Parks are the specialty here.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199485]

From the Gondwana Rainforests of Springbrook National Park - considered one of the wettest places in Southeast Queensland - to the picturesque walking trails that lace through Lamington National Park, which attracts birdwatchers in their droves, there's something for everyone.&nbsp;&nbsp;

Mount Tamborine, the Gold Coast’s most famous former volcano, also finds its home in the hinterland, just 25-minutes from Mermaid Beach.&nbsp;

It’s in the Gold Coast Hinterland where foodies prosper as well.&nbsp;

Producers are scattered throughout this strip, specialising in everything from fruit to fudge.&nbsp;

Vineyards are also in no short supply, with local creations from regional favourites like Cedar Creek Estate and Canungra Valley Vineyard, or forgo the vino for the unique liqueurs crafted by Mount Tamborine Distillery.&nbsp;

“The sunsets that come with the hinterland, the nice pink clouds on the right day - there’s nothing like it,” he said.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199491]

Nikiforides highlighted the point that at night time, directly over the ocean, visibility is limited, reducing the incredible views to the daytime.&nbsp;

“Admittedly during the day, there’s nothing like looking over the ocean, however with hinterland views, at night there's the view to the skyline, with the twinkle of the houses, along with river views from the canals of Mermaid Waters to the west, so there's all these other little gems and hidden pieces,” he said.

“What’s really special with Ventura is it takes all of this in. &nbsp;It has water views, its hinterland views, its city skyline views, it's got it all,” Nikiforides added. &nbsp;

The remaining Ventura apartments are all situated within the corner of the development.&nbsp;

With three-bedrooms, the open-plan design allows abundant natural light into the homes, while openable windows provide cross ventilation and a further connection to the site’s surroundings.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199487]

“There’s a lot of real benefit to the remaining units,” said Nikiforides.&nbsp;

The project's unique offering of a three-bedroom apartment is a rarity for Mermaid Beach, with each complete with two-bathrooms and one or two car spaces.&nbsp;

Ventura Residences will also house a suite of residential amenities, including the recreational terrace and lounge, suspended waterfall edge pool and sun deck, al fresco dining area, Zen garden and functional gymnasium located on level five.

[smartcode_project_cta:default project_id=108737]

A step back from the famous beaches that line the Gold Coast, lies the rolling hills of the hinterland and beyond and one recent residential development showcasing the views, is Niecon's Ventura Residences. 

The quintessential Queenslander: How the Mermaid Beach Ventura Residences takes in the hinterland, the beaches and the city skyline

The latest market research from Colliers shows the sales of new apartments on the Gold Coast continues to only edge higher.&nbsp;

In the June quarter prices were pushed higher, even amid the city’s ongoing supply shortage and interest rate rises.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=184933]

The research, supported by data from Urbis, has revealed 396 sales of new apartments in the quarter, up from 377 sales three months earlier, despite the Reserve Bank of Australia lifting the cash rate for the first time in more than a decade during the middle of the quarter last May.

Critically, the data shows the average price paid for these apartments was $1.117 million - or 3.8 per cent higher than the previous three months, which is just shy of the record high of $1.143 million reached in the September quarter of 2020 during the height of the pandemic.

Director of Colliers Residential Gold Coast, David Higgins said the latest report reveals a general trend of declining sales of new apartments since the record high of 742 in the March quarter last year.

“The latest quarter’s sales may be slightly higher than the March quarter but well down on the extraordinary peak we saw in the first quarter of last year,” said Higgins.

[smartcode_project:default project_id=107520 project_image_fid=183045]

“However, sales over the 18 months to June this year have all been significantly higher on a quarterly basis than the preceding 18 months and that reflects sustained demand in the market even through the first two interest rate increases.”

The number of apartments remaining for sale across the 81 Gold Coast projects surveyed for the report was 875 – up from 411 in the March quarter as more projects were released to the market.&nbsp;

But that still represents just 5.5 months of supply based on the current sales rate.

Colliers expects supply constraints and ongoing demand to continue driving apartment prices higher on the Gold Coast in the near term.

Director in Charge of Colliers Gold Coast, Steven King, said the findings in the report were reflective of the Gold Coast’s product shortage and continuing market strength.

[smartcode_project:default project_id=107928 project_image_fid=198887]

“Supply of new apartments is falling due to the increased cost of construction, which for high rise apartment projects over the last 16 months has risen by more than 25 per cent,” said&nbsp; King.

“Demand for new apartments remains solid but with a reduced supply of new projects and apartments, we expect apartment prices to continue rising especially if the supply shortage becomes more critical.”

The report also shows the Gold Coast capped of the 2022 financial year with a total of 2,073 new apartment sales.&nbsp;

Three-quarters of these were located along the coastal strip from Southport to Coolangatta with almost half, or 49 per cent, in the Gold Coast Central precinct which includes Broadbeach and Surfers Paradise.&nbsp;

The Southern Beaches precinct from Mermaid Beach to the southern border accounted for 26 per cent of the year’s total sales.

[smartcode_project:default project_id=107520 project_image_fid=183047]

Among other key findings in the latest research is an increase in offshore investors entering the market during the June quarter with four per cent of total sales during the period requiring Foreign Investment Review Board approval. The number of FIRB sales was up three per cent compared with the March quarter this year.

“There’s an emerging trend of foreign purchasers gradually re-entering the southeast Queensland investment market,” said Higgins.

“We’ve also noticed that the dynamic interest rate environment has had less of an effect on owner-occupier stock above $1.5 million in comparison to the bottom end of the market. Should they continue, both of these emerging trends will add another layer of continued demand pressure in the medium term.”

Higgins said the apartment market has been dominating sales momentum across all property sales on the Gold Coast over the past year.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=198886]

In the nine months from the 2021 September quarter to the March quarter this year, there was an increase of 55.1 per cent in house sales compared with a 104.4 per cent increase in apartment sales, led by a surge of buyer activity at the tail end of COVID.

“The Gold Coast metro’s house market shows continued signs of growth, but at a slower rate, which is welcome news for buyers,” concluded Higgins.

In the June quarter prices were pushed higher, even amid the city’s ongoing supply shortage and interest rate rises. 

Gold Coast apartment sales and prices edge higher amid ongoing supply shortage 

The first development of Soheil Abedian following the closure of Sunland Group has been granted approval.

Abedian's new Abedian &amp; Co venture will be developing Peerless in Mermaid Beach, not far from Sunland's successful 272 Hedges Ave which was recently completed.

The approval comes just four months after the plans for Peerless were filed with the Gold Coast City Council.

The project site at 35-41 Peerless Avenue will sit next door to the recently completed Bela by Mosaic.

<img alt="Render of the Mermaid Beach project" data-entity-type="file" data-entity-uuid="edec96ac-459a-4ee1-a9e1-325a113a13f7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/screen_shot_2022-06-22_at_3.39.49_am.jpeg?VersionId=OOAF7YI4Qh.ne2DV3d9GoVD2aaMmZv5D" />

Gold Coast-based Spatium Architects designed the plans for the 124-metre high tower, which focuses on the owner-occupier, dominated by a suite of three-bedroom apartments.&nbsp;

There will be 103 apartments in total, 44 two-beds which start at a generous 117 sqm internal living space and a further 11 sqm balcony.

Some 64 three-bed apartments are planned, which will start from nearly 200 sqm internally and have nearly 20 sqm balcony space. The sub-penthouse three-beds will span half a floor.

There will be a sole four-bedroom apartment, the sprawling rooftop penthouse, which will span over 400 sqm of living space and a further 280 sqm of outdoor area which will feature its own lawn.

A landscaped elevated podium will round out the recreational offering within the tower, featuring a 25 metre lap pool with a lagoon and inpool and spa, poolside garden pods, a garden barbecue terrace with lounge seating, a gym, a yoga room and a yoga lawn, along with two saunas and a steam room.&nbsp;

Away from the pool will also be a private bar and dining room with a green roof, which can be booked out by residents, along with further work from home space, provided in the form of a lounge with a library and meeting room.

<img alt="Render of the Mermaid Beach project" data-entity-type="file" data-entity-uuid="704db858-2d97-4591-a278-6c6b30c4d6ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/screen_shot_2022-06-22_at_3.39.44_am.jpg?VersionId=LMw8atbslJObUKjiXw5iblHljOfW3Zy7" />

It is proposed the development will become a landmark building along the southern high rise fringe, with the site maintaining high visual exposure from the Gold Coast Highway and Hedges Avenue.

"The vision for this development is simple in the desire to create a carefully crafted residential project which not only provides a beautiful living environment for the residents, but also pays respect to the community in the way it integrates with its street context and the city skyline," Spatium noted in the development application.

They said that all apartments are generously sized to provide genuinely liveable spaces and that the unit mix, rather than being focused solely on high income earners, provides well designed homes for a large cross section of the community in the form of two, three and four-bedroom apartments.

[smartcode_project_cta:default project_id=113185]

Abedian gets sign off for Mermaid Beach apartment project, Peerless 

Prominent Gold Coast developer Aniko Group is planning to bring over 1,000 apartments to a recently secured site in Mermaid Beach, pitched as being destined to become the southern gateway to the city’s central precincts of Broadbeach and Surfers Paradise.

Aniko, led by managing director George Mastrocostas, are still putting the final touches to the development plans, but there will be four towers homing the apartments, rising 25, 30, 40 and 45 levels.

The vacant 1.1 hectare site at Seaview Avenue, adjacent to Pacific Fair, is one of the largest landholdings on the Gold Coast Highway corridor and it was identified by Aniko Group as an unmatched opportunity to create a major mixed-use lifestyle precinct that will deliver a premium master-planned residential, hotel, waterfront dining and office development.

The ground floor will have a world-class waterfront fine-dining precinct that utilises more than 100 metres of waterfront presence to the west of the property facing Pacific Fair Shopping Centre and that is poised to complement the existing lifestyle and dining facilities in nearby central Broadbeach.

The mixed-use development will also include more than 5,000 sqm of commercial A-grade office space, leveraging off the site’s prime position along the Gold Coast light rail while bolstering supply in a tightening Gold Coast office market.

Mastrocostas said Mermaid Beach has become the Gold Coast’s most dynamic beachside suburb, and the development will create a new beating heart for the area.

“This will be a unique community within one of the Gold Coast’s most desirable beachside suburbs that not only offers easy access to the beach and central Broadbeach but is truly a lifestyle location featuring the Gold Coast Exhibition Centre, Star Casino, Pacific Fair Shopping Centre and central Broadbeach all in the one precinct," Mastrocostas said.

“We have developed a scheme that includes an activated ground-floor waterfront fine dining precinct that will elevate our resident and visitor experience.

“Stepping up off the ground into commercial offices provides a supply of new office space that the area has been seeking.

“Capping off the scheme is a residential offering harnessing the incredible sight lines across iconic beaches into the open ocean and the hinterland, while residents and visitors will be just a short stroll from an array of Gold Coast beaches.”

Aniko Group is close to finalising plans for the Mermaid Beach site and expects to lodge a development application in coming months, with Plus Architecture already drawing up the designs.

“Being such a significant project, our design team is taking a considered approach to create a standout development in an increasingly discerning market,” Mastrocostas added.

“A site of this scale would normally take years to amalgamate, but we are now ready to go with a development that will create a vibrant new coastal community and leave a legacy that we believe will stand the test of time.”

In recent years, the Mermaid Beach residential market has achieved exceptional price growth which has positioned the area as the city&amp;#39;s hottest beachfront suburb. The Gold Coast’s famous multi-millionaires row, Hedges Avenue, is just a stone’s throw away from the site.

The sale of the site at Seaview Avenue was negotiated by Managing Director of CBRE Gold Coast, Mark Witheriff.

Aniko Group, which has successfully launched five luxury residential projects worth more than $500 million at Hope Island in the past three years, currently has a $105 million residential development in train at Chevron Island.

&nbsp;

George Mastrocostas said Mermaid Beach has become the Gold Coast’s most dynamic beachside suburb, and the development will create a new beating heart for the area.

Aniko Group to deliver over 1,000 apartments at $1 billion Mermaid Beach precinct

Low-rise apartments continue their descent on the popular Albatross Avenue, with Mermaid Beach maintaining its place as a hotspot for developers.&nbsp;

The new plans come from Burleigh Heads-based developers, Highlife Homes, headed by James George, who founded the company, steadily progressing from renovating new homes, to luxury homes and duplexes and then to townhouse developments.

<img alt="Render of the 68 Albatross Ave project" data-entity-type="file" data-entity-uuid="fa345470-e8bb-4b85-a7ba-ee23682e345d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-14%20at%209.25.06%20pm.png?VersionId=oiL3TWHnwrymSm_SmXmjC1Qvb7PLuwsU" />Render of the proposed Albatross Avenue development. Credit:&nbsp;Raunik

The group has lodged plans for an 809 sqm site at 68 Albatross Ave, with plans for a four-storey, eight-apartment project, offering a mix of three-bedroom residences, designed by architects, Raunik Design Group.

Taking inspiration from its coastal location, the building incorporates materials, colours and textures prevalent to the beachside locality, including light-toned timber look features, timber soffits, feature stone cladding, glazed balustrades and landscaped planters which soften and juxtapose the concrete render.&nbsp;

The development also seeks to provide a higher-end product, in a bid to allow local residents to “age in place” within the local community as they downsize from traditionally larger family homes to a more compact, lower-maintenance dwelling typology, without necessitating moving out of the Mermaid Beach locale.&nbsp;

<img alt="Render of the proposed Albatross Avenue development. Credit: Raunik" data-entity-type="file" data-entity-uuid="6919ffd3-9811-45d9-8a7a-ad76203ac2c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-14%20at%209.25.20%20pm.png?VersionId=2vjPWdGOioIq7tCDZrELB0ci4I.1aZ4V" />Render of the proposed Albatross Avenue development. Credit:&nbsp;Raunik

Each floor will house two apartments, with the homes adopting an open plan layout, with the living, dining and kitchen adjoining to generously-sized terraces and balconies, oriented toward the east.&nbsp;

Crowning the building will be a rooftop terrace, for the use of the penthouse residents.

Designed for outdoor entertaining, the space is equipped with a barbecue area, as well as a dining space with a lightweight pergola, outdoor seating, a spa and a plunge pool.&nbsp;

Highlife’s project will join a string of projects taking up a spot in the coveted Gold Coast pocket.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199485]

Just down the road, Hutchinson Builders recently started work on the Niecon project, Ventura Residences, which will deliver 45 apartments come mid-2023.&nbsp;

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, with a handful of three and four-bedroom north-facing apartments, which feature city skyline and ocean views, as well as two exclusive villas still remaining.&nbsp;

Hutchies are also behind the $200 million Hirsch &amp; Faigen project, Yves, with the development a rare high-rise offering in the area.&nbsp;

[smartcode_project:default project_id=102451 project_image_fid=186077]

The three-tower development at 7-9 Mermaid Avenue has been designed by the renowned architecture firm Rothelowman, delivering 145 luxury residences, with a mix of one, two and three-bedroom apartments, in addition to the premium offerings of two four-bedroom, half-floor sub-penthouses and a single full-floor penthouse.

More than half of the apartments in Yves were snapped up in the first two months of marketing, unsurprisingly with locals dominating the purchasing, with select two, three and four-bedroom apartments remaining.&nbsp;

The group has lodged plans for an 809 sqm site at 68 Albatross Ave, with plans for a four-storey, eight-apartment project, offering a mix of three-bedroom residences, designed by Raunik Design Group Architects.



The Mermaid Beach apartment wave continues, with new development plans lodged for Albatross Avenue

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

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