&nbsp;

A local Australian has spent a Lower North Shore record $15.1 million at <a href="https://www.apartments.com.au/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>, the new TOD above the recently opened Crows Nest Metro Station.

The buyer amalgamated a penthouse and sub-penthouse to create the triplex apartment that will have five bedrooms, five bathrooms, a private rooftop pool, expansive terrace, and panoramic views of Sydney Harbour and skyline. The building is being created by burgeoning developer Third.i, alongside joint venture partner Phoenix Property Investors.

The buyer was drawn to Elevate’s unrivalled connectivity, situated directly above the&nbsp;<a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a> Metro Station, and the vibrant lifestyle precinct that surrounds it. The Metro connects to the CBD in just seven minutes, and Chatswood in four.

[smartcode_project:default project_id=142550 project_image_fid=309367]

Designed by internationally acclaimed architects <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, Elevate draws inspiration from the ancient blue gum forests native to the area. The building is a Net Zero development, created in consultation with Indigenous communities and exceeding sustainability benchmarks. Interiors feature chevron-engineered timber flooring, natural stone benchtops, and premium Sub-Zero Wolf appliances, delivering timeless elegance and next-level comfort.

The exchange of the $15.1 million apartment, follows a recent $5 million sale, and over $30 million currently in expressions of interests. Interest in Elevate’s penthouse stock has surged, reflecting a strong appetite for ultra-luxury residences that combine design excellence with unmatched connectivity.

[smartcode_project:default project_id=142550 project_image_fid=309369]

“We’re seeing a significant uptick in interest from local and international buyers who are prioritising connectivity, sustainability, and lifestyle,” said Callum Billinghurst, Head of Sales at Third.i Group.&nbsp;

“These recent sales are a testament to the vision behind Elevate. It’s not just about luxury finishes or panoramic views, it’s about creating homes that are deeply connected to the city and the community. Buyers are responding to that. They want to live somewhere that offers more than just a postcode, they want culture, convenience, and long-term value. Elevate delivers all of that, and more.”

[smartcode_project:default project_id=142550 project_image_fid=297878]

As part of the Hume Place precinct, Elevate is transforming Crows Nest into Sydney’s most dynamic urban village. Elevate’s unique position directly above the metro, combined with its curated amenity offering, has made it a magnet for buyers seeking a future-proof investment and a vibrant urban lifestyle.

The next release at Elevate is expected later this year.

[smartcode_project_cta:default project_id=142550]

“We’re seeing a significant uptick in interest from local and international buyers who are prioritising connectivity, sustainability, and lifestyle,” said Callum Billinghurst, Head of Sales at Third.i Group


Joel Robinson

Third.i & PPI set Lower North Shore apartment record with $15.1m sale at Elevate Hume Place penthouse amalgamation

Sydney developer Deicorp is set to officially open its <a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill-nsw-2154">Showground Village</a> precinct in Castle Hill.

NSW Premier Chris Minns will attend the opening on Sunday August 31, alongside&nbsp;Minister for Planning and Public Spaces Paul Scully, The Hills Shire Council Mayor Dr Michelle Byrne, Landcom CEO Alex Wendler, and Deicorp Founder Fouad Deiri.

Located just moments from Hills Showground Metro Station, the centre spans 9,500 sqm across four levels and features 26 specialty retailers as well as a 1,400 sqm public plaza, creating a new community meeting point for shopping, dining, fitness, and everyday convenience.&nbsp;

Showground Village forms part of the Hills Showground Station Precinct, an urban renewal initiative led by Landcom and Sydney Metro that will provide for around 2,300 new jobs over the next 20 years and around 9,000 new homes.&nbsp;

Deicorp was recently approved for another new development next door to Showground Village.

The new five residential buildings in the East Showgrounds Precinct, will see another 873 dwellings delivered, as well as&nbsp;3,500 sqm of open public space in the form of landscaped courtyards, a public park and communal outdoor recreational space including a playground, barbeque area, and outdoor seating.

“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said&nbsp;<a href="https://www.apartments.com.au/developers/deicorp" target="">Deicorp</a>&nbsp;Founder Fouad Deiri.

“These new homes will provide their residents with a seamless connection to jobs and services along Metro North West, and the new&nbsp;<a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill" target="">Hills Showground Village</a>&nbsp;retail precinct currently under construction."

Deicorp has several thousand apartments in planning and under construction across Sydney, from Zetland and Five Dock to Crows Nest and Macquarie Park.

[smartcode_project_cta:default project_id=133881]

Deicorp, NSW Premier officially open Showground Village, new retail and hospitality hub in Castle Hill

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.

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

Broadbeach off the plan apartments

Faro, the luxury Broadbeach apartment development by joint venture partners Bottega and 5Point, has secured $15 million worth of sales just a week into its launch.

The four sales were snapped up by both local and interstate buyers.

The $80 million <a href="/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">Faro</a> sits on a prime site of 123 Old Burleigh Road, a site which was previously secured by <a href="/developers/bottega-property-group">Bottega Group</a> in 2020.

Faro will rise 21 levels to deliver 11 full-floor apartments, three two-level, sub-penthouses, and a single three-level penthouse

[smartcode_project:default project_id=31666 project_image_fid=246693]

Each of the full-floor apartments will feature three bedrooms, each with ocean views, three bathrooms, and open-plan living areas that are enhanced by a large ocean-facing balcony.

The penthouse and sub-penthouses each will comprise five bedrooms and five bathrooms, offering spacious living areas that include a separate dining area and home cinema.

The guest’s suite is located on the first level, while the second level will host four bedrooms plus home office, including the expansive ocean-facing master bedroom with its own balcony positioned to take in spectacular coastal views.

The penthouse will be complemented by its own rooftop entertainment area with a private swimming pool, sundeck, outdoor kitchen, dining area and lounge. All three levels of the penthouse are serviced by a private internal lift.

[smartcode_project:default project_id=31666 project_image_fid=246698]

All Faro residents will enjoy a range of premium on-site amenities on the first-floor recreation terrace including a magnesium pool, private lounges, gymnasium, cabana, outdoor barbecue and entertaining area, sauna, lockers as well as a pet wash and surfboard wash.

The ground floor will have ample bike storage spaces for residents, plus a mail room located in the foyer providing a parcel locker delivery system to handle online orders. Faro will have three levels of basement parking and an EV fast-charging station in the visitor’s bay.

Faro Broadbeach is positioned within easy reach of Broadbeach’s many open spaces, including Federation Park, Victoria Park and Kurrawa Park, and close to the Oceanway pedestrian and cycling path which spans the central Gold Coast beachfront.

[smartcode_project:default project_id=31666 project_image_fid=246697]

Director of Pezet Matheson, Todd Matheson, says that both local and interstate buyers have been driving the demand of Faro.

“The enquires we’ve had to date all commonly recognised the central location and accessibility to the beach and <a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a> Centre, along with the understated luxury level of finish," Matheson says.

5Point has again sought the services of award-winning architectural design firm, Plus Architecture stating, “Faro has been reimagined to provide a refined collection of premium residences that appeal to a discerning market, and that’s being reflected in the great interest we’ve seen from buyers wanting to secure their spot in this project”.

“Buyers are drawn to the spacious interiors, superior inclusions and resident’s amenities, this project has truly set a new benchmark for relaxed, luxury, coastal living in Broadbeach”.

[smartcode_project:default project_id=31666 project_image_fid=246689]

<a href="/developers/5point-projects-pty-ltd">5Point Projects</a> Managing Director, Damian Dove, said the construction commencement has really&nbsp;ignited the strong sales and enquiries within the market.

"[It] demonstrates buyers need for certainty of delivery when choosing their new sky home," Dove said.

[smartcode_project_cta:default project_id=31666]

Director of Pezet Matheson, Todd Matheson, says that both local and interstate buyers have been driving the demand of Faro

Faro Broadbeach secures $15 million in sales following Christmas launch

Broadbeach is set for it's next luxury apartment tower with Sola, the 22-level tower by Ature Group who founded popular retailers SABO and Zaco, securing approval from the Gold Coast City Council to develop the project.

<a href="/new-apartments/sola-158-surf-parade-broadbeach">Sola</a> features&nbsp;a slender design, penned by Prospect Apartment Architecture and Esat Studio, seamlessly melding a contemporary beach house narrative with sophisticated sculptural details more akin to architecture and details from the Mediterranean.&nbsp;

The site was purchased in 2022 for an around $6 million and will deliver 20 exclusive full-floor apartments with custom stone and wood interiors, as well as top-tier amenities. The three-bedrooms apartments are expected to start from $2.75 million when they launch in February through MOTIV.

<img alt="SABO fashion house founders receive Planning Approval for Luxury 22 Storey Broadbeach tower ‘SOLA.’" data-entity-type="file" data-entity-uuid="ba705f2d-a880-42ee-99da-b2c183f3475c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SOLA%20tower.png?VersionId=t7EKW4HQjpMUaXv2P.zsLJSVASXGixAx" />

The tower will take up just 269 sqm of the 640 sqm Surf Parade site, designed in response to the solar aspect and to the capture the famous Gold Coast views, whilst remaining sympathetic to neighbouring buildings.&nbsp;

The founders of Ature Group siblings George Kouzoukas and his sister Thessy Batsinilas, and George’s wife Yiota, who together have been making a name for themselves in luxury fashion since 20. They've also quietly been developing commercial and luxury residential properties for over a decade, delivering nine projects. Thessy and Yiota have also been featured in &nbsp;Asia’s coveted Forbes 30 under 30 list.&nbsp;

Sola represents Ature Group’s largest and most high-end project to-date. It will be the first residential project in Queensland directly influenced by the design aesthetics of fashion, drawing inspiration from the trio’s travels as they introduced the SABO and Zaco brands to the world stage. &nbsp;

Ature Group aims to leverage the enduring demand for penthouse-inspired lifestyles, with Sola designed to attract discerning buyers seeking a distinctive and elevated living experience.&nbsp;

The synergies between SABO, Zaco, and Ature seamlessly align, as each of the brands are progressively driven by sophisticated design. Ature Group serves as the manifestation of the SABO founders' vision in the realm of property development, delivered with their trademark luxurious resort aesthetic.&nbsp;

<img alt="SABO fashion house founders receive Planning Approval for Luxury 22 Storey Broadbeach tower ‘SOLA.’" data-entity-type="file" data-entity-uuid="bee48fe9-9742-4972-a031-76b28b9784f4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SOLA.png?VersionId=wMxK2onI0lYIJIPpf3AuBTxfOl4aLGKt" />

“Through the evolution of our fashion labels SABO and Zaco, we have been lucky enough to travel the world, visiting luxurious locations and high-end homes, which has served as inspiration for our fashion ranges,"&nbsp;<a href="/developers/ature-group">Ature Group</a> Director&nbsp;George Kouzoukas says.

"Sola is an organic extension of our commitment to exploring our creative abilities. Drawing from the same principles that have shaped our fashion house, we’re embarking on crafting living spaces where sophistication converges with innovation, weaving the artistry of design into the fabric of contemporary living.&nbsp;

“The aim for Sola was to create a beach house in the sky, under the same guiding influences. We have fused bespoke finishes and design with incredible protected views to deliver refined living for our clients, that reflect Broadbeach’s bold identity as the heart and soul of the Gold Coast."

Three of the apartments will be held for the SABO founders, underpinning their confidence in the project as a milestone development for <a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a> in terms of luxury and lifestyle.&nbsp;

Sola is due to launch to the market in February 2024 through MOTIV.

Ature Group aims to leverage the enduring demand for penthouse-inspired lifestyles, with Sola designed to attract discerning buyers seeking a distinctive and elevated living experience

Urban Editorial

SABO fashion house founders secure approval for luxury Broadbeach apartment development Sola

The landscape of Broadbeach is changing ever year.&nbsp;

Nearly two years ago I wrote a <a href="/news/qld/why-its-all-about-broadbeach-in-2022">piece about Broadbeach and its lifestyle and location factors</a> drawing both buyers and developers, with&nbsp;Mosaic Property boss Brook Monahan and CBRE Residential Gold Coast Projects Director Nick Clysdale explaining what it was about <a href="/developments/broadbeach-qld-4218">Broadbeach</a> that buyers and developers saw in the suburb just south of <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>.

Monahan put his money where he mouth was so to speak, securing two sites for his first two projects in the suburb, Marella by Mosaic and Lily by Mosaic, both of which have had huge sales success since launching.

Broadbeach has remained a top spot for developers since then, with a number of development sites transacting. There's a healthy mix of large scale, full-floor apartments for the more affluent buyer, and higher density two and three-bedroom apartmens which cater to a wider market.

A number of projects are looking like they'll go ahead in 2024. We've taken a look at five developments which caught our eye.

<h2>Project: SOLA Broadbeach</h2>

<h3>Location: 158 Surf Parade, Broadbeach QLD 4218</h3>

<h3>Developer: Ature Group</h3>

The Queensland-based&nbsp;AtureGroup, well known for the popular fashion boutique Sabo Skirt and Zaco, will launch SOLA Broadbeach this year on one of Broadbeach's most popular streets.

SOLA, located at 158 Surf Parade, is designed to cater to owner-occupiers, comprising 20 three-bedroom apartments across 22 levels.&nbsp;

Designed by Prospect Apartment Architecture, the development focuses on high-quality architectural expression, orienting the building towards the east to maximise parkland and ocean views while ensuring privacy from neighbouring buildings.&nbsp;

<img alt="SOLA Broadbeach" data-entity-type="file" data-entity-uuid="79fdeb92-619a-4eaa-a0c9-068920df580f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%2010.08.58%20am.png?VersionId=.pZtFBbNKdhdkpzAMXoN7Wh07N20gTnA" />

Each 200 sqm apartment includes three bedrooms, a multi-purpose room, and a kitchen with a butler's pantry. The master suite features an ensuite and a walk-in wardrobe.

Residents will also have access to several amenities on the podium level including a wellness zone with a mineral spa, ice pools, gym, steam room, a sauna, a covered indoor-outdoor swimming pool and a communal deck area.

The Kouzoukas family, signalling confidence in the project, plans to retain several apartments for extended family use.&nbsp;

To find out more about SOLA, <a href="/news/qld/first-look-sabo-skirt-family-file-debut-gold-coast-apartment-tower-on-broadbeachs-best-street">click here</a>.

<h2>Project: Chelsea Avenue, Broadbeach</h2>

<h2>Location: 42-46 Chelsea Avenue, Broadbeach QLD 4218</h2>

<h3>Developer: Amalgamated Property Group</h3>

Following the successful launch of Amaya Broadbeach at 30 First Avenue, Canberra-based apartment developer Amalgamated Property Group (APG) is expected to launch its second Broadbeach project in as many years.

They snapped up an 1,820 sqm Chelsea Avenue site from Raptis, who had approved plans for a 41-level tower designed by Archidiom.

APG has had DBI make some amendments, changing the apartment mix to make 148 two-beds, a number with a study, and 37 three-bed apartments.

The recreational amenities for residents will be situated on the fourth level, offering a range of facilities such as a swimming pool, residents' lounge, community living area with barbecue and outdoor dining space, gardens, gym, sauna, and a yoga/meeting room.&nbsp;

<h2>Location: 33-37 Armrick Avenue, Broadbeach QLD 4218</h2>

<h3>Developer: Armrick Developments Pty Ltd</h3>

Former footballer Scott Crow is expected to launch his debut Gold Coast apartment development in Broadbeach after securing approval for the 33-level apartment tower in December.

The tower across an amalgamated 1,750 sqm triple site at 33 Armrick Avenue will home 203 one, two, three, and four-bedroom apartments.&nbsp;

Plus Architecture designed the tall, curved tower, with the intention of the design to embrace the sub-tropical coastal lifestyle of the Gold Coast.

The recreation level, located on the third floor of the podium, offers a range of amenities, including a gym, outdoor lounge with a fire pit, yoga deck, cold pools, a large pool, floating day beds, a spa, private cabanas, sauna and steam rooms, barbecue areas, and a bar nook.

<img alt="Armrick" data-entity-type="file" data-entity-uuid="8bb67bc5-12df-41eb-acae-39d12d5b8695" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%2010.12.12%20am.png?VersionId=VKUoEjLeTgaAPBBSrh8JkCy7_x41_C8J" />

Apartment levels start from the fifth floor, with eight units per floor up to level 21. The upper levels of the tower feature a collection of sub-penthouses and penthouses.&nbsp;

Level 31 includes four sub-penthouses, each equipped with a master suite, additional bedrooms and bathrooms, a laundry room, a multi-purpose room, a butler's pantry, and an open-plan kitchen, dining, and living space leading to a private outdoor area.

The development culminates in two mirroring two-storey penthouses featuring three bedrooms. The eastern side of the penthouses features a pool, sun deck, outdoor kitchen, barbecue area, dining space, and a fire pit.

The new tower will be located near Morris Property Group's Crest Broadbeach at 13 Armrick Avenue.&nbsp;

<h2>Project: Lusso Sky Homes Broadbeach</h2>

<h3>Location: 11 Anne Avenue, Broadbeach QLD 4218</h3>

<h3>Developer: Di Carlo Property Group</h3>

Brisbane-based Di Carlo Property Group is another who has development approval for their Broadbeach tower, Lusso Sky Homes.

Lusso, which means luxury in Italian, marks a return to the Gold Coast apartment market for the Brisbane-based developer.

The project at 11 Anne Avenue will comprise&nbsp;15 full-floor apartments designed by Hayes Anderson Lynch Architects.&nbsp;

The four-bedroom apartments offer over 200 sqm internally, complemented by a balcony of over 40 sqm.&nbsp;

<img alt="Di Carlo" data-entity-type="file" data-entity-uuid="08885c56-4b8b-441e-bb16-d7c71b96319b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%2010.15.32%20am.png?VersionId=z.pypCcvmFHyPoo_kL2CNb7AhuHsp682" />

Alfie Di Carlo anticipates strong interest from local downsizers seeking spacious living without compromising on luxury and from interstate or Brisbane-based holidaymakers and weekenders seeking a high-end holiday home.

"We produce boutique, owner-occupier developments in Brisbane so we definitely wanted to stay in our lane and produce something that would service that type of buyer on the Gold Coast,"&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;told Urban.

"Its a really nice pocket of the Gold Coast and it's always been on the agenda."

To read more about Lusso Sky Homes, click here.

<h2>Location: 155 Old Burleigh Road</h2>

<h3>Developer: Polycell Group</h3>

It might be ambitious for Polycell Group, developer of The Rochester in Broadbeach which is over 50% sold on Surf Parade, to get to the stage of launching their second Gold Coast apartment development on Old Burleigh Road.

Last year Polycell acquired 19 apartments in the Sandpiper building at 155 Old Burleigh Road, paying&nbsp;$15.5 million for the apartments from developer Peter Priest of Trenert.

The Sandpiper building was at the centre of a legal dispute earlier in the year when Trenert decided to abandon its plans to buy out the remaining owners, claiming that rival developers used confidential information to secure apartments and thwart the redevelopment.

<img alt="Sandpiper" data-entity-type="file" data-entity-uuid="1ea7dc21-37a0-46ec-98bd-641c0e9ecade" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%2010.07.51%20am.png?VersionId=ibacJlFsngOGz_HJpCdo.H.O7D6S.Ku_" />

The 1,828 sqm site of the Sandpiper building is situated on the corner of Broadbeach Boulevard and Albert Avenue directly opposite Kurrawa Park, providing unobstructed views of the beach and ocean.&nbsp;

Read more:&nbsp;<a href="/news/qld/exclusive-the-rochester-developer-polycell-locks-sights-on-next-gold-coast-apartment-project">Exclusive: The Rochester developer Polycell locks sights on next Gold Coast apartment project</a>

Broadbeach has remained a top spot for developers, with a number of development sites transacting

What to look out for in the Broadbeach off the plan apartment market in 2024

Award-winning Melbourne developer Little Projects Co has joined local joint venture partners Bottega and 5Point to launch luxury full-floor apartments to the Broadbeach off the plan apartment market.

<a href="/new-apartments/broadbeach-qld-4218">Atelier Broadbeach</a>, at&nbsp;20 Mary Avenue toward the southern end of Broadbeach, comprises just&nbsp;14 full-floor apartments and two multi-level penthouses designed by Plus Architecture.

The tower is wrapped in floor-to-ceiling glazing which allows every apartment sweeping views of the ocean from both the living areas and the ocean facing balcony.

Little Projects <a href="/news/qld/little-projects-secure-approval-for-redesigned-luxury-broadbeach-apartment-tower">secured approval for the redesigned project in October</a> after Plus tweaked a previous design.

<img alt="Atelier" data-entity-type="file" data-entity-uuid="0cb0fa3c-2ff0-4ede-8909-e9c336f7717b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-22%20at%208.07.06%20am.png?VersionId=3wqJp6aP9pWGryMcbhhSjs1wnIphnO1q" />

&nbsp;

There's resident amenity in the form of a swimming pool with views over the South Lawn Broadwater Parklands and the extensive Gold Coast shoreline on the podium level. Additional amenities include a gymnasium and a sauna, while two allocated car spaces complement each residence.

<a href="/new-apartments/broadbeach-qld-4218">Atelier Broadbeach</a> is close to everything but tucked away enough to provide peace and tranquil relaxation. Pacific Fair Shopping Centre is a five-minute stroll from Atelier's doorstep, with the beach just metres away.

<a href="/new-apartments/broadbeach-qld-4218">Atelier Broadbeach</a> start at $2.95 million. Little Projects expect completion in June 2026.

&nbsp;

Little Projects also lodged plans for <a href="/news/qld/first-look-exclusive-little-projects-set-for-third-broadbeach-apartment-development-with-r-corp-joint-venture">another apartment development at Broadbeach</a> last year, dubbed <a href="/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach">One Australia</a>.

<a href="/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach">One Australia</a> consists of 32 three-bedroom apartments and one four-bedroom penthouse designed by DKO Architecture. This 37-level tower is positioned to cater to the luxury owner-occupier market in Broadbeach.

Atelier Broadbeach<a href="/news/qld/bottega-and-5point-launch-luxury-faro-broadbeach-apartments"> joins Faro Broadbeach</a> on the luxury full-floor apartment market. <a href="/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">Faro</a>, at 123 Old Burleigh Road, comprises 15 apartments.

Atelier Broadbeach start at $2.95 million. Little Projects expect completion in June 2026

Little Projects launch Atelier Broadbeach

Former footballer Scott Crow has secured approval for a Broadbeach apartment tower.

Crow, who played for both Collingwood and Hawthorn, is set to developer a 33-level tower on a large 1,750 sqm site at <a href="/new-apartments/33-37-armrick-avenue-broadbeach">33 Armrick Avenue</a>. Designed by <a href="/architects/plus-architecture" target="">Plus Architecture</a>, the 203-apartment tower will take on a tall, curved form that embraces the sub-tropical coastal lifestyle.&nbsp;

It will have a mix of one, two, three and four-bedroom apartments.

<img alt="First Look: Plus-designed Broadbeach apartment tower set for Armrick Avenue" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-14%20at%205.40.56%20pm.png?VersionId=.yagfyhJl9dNxPEZqOnG6XqcrZG5TqK9" />Render of the proposed Armrick Ave development. Credit: Plus

Crow filed the development application last September, around 14 months ago from application to approval.

In their design statement submitted to the Gold Coast City Council, Plus noted that the project&nbsp;embodies the nostalgic character of the Gold Coast, with a contemporary, well considered architectural response&nbsp;through form, materiality and response to climate and context.

Level three of the podium will house the recreation level, with plans for a gym, outdoor lounge and fire pit, yoga deck, two small cold pools, a large pool, complemented by floating day beds, a spa and shallow pool, private cabanas, lounge terrace, sauna and steam rooms, powder room, residential storage areas, barbecue areas and a bar nook.&nbsp;

The apartments will begin from level five, with eight apartments per floor until level 21.

<img alt="First Look: Plus-designed Broadbeach apartment tower set for Armrick Avenue" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-14%20at%205.41.32%20pm.png?VersionId=73pjIa6mHmcWB_R9zi4dE1Tkv4MLD3Hn" />Render of the Armrick Ave pedestrian entry. Credit: Plus

Taking up stock in the upper levels of the tower is a collection of sub-penthouses and penthouses.&nbsp;

Level 31 comprises four sub-penthouses, each with a master suite, as well as two additional bedrooms and bathrooms, a laundry room, multi-purpose room, a butler’s pantry, as well as an open plan kitchen, dining and living space that opens to a private outdoor space.&nbsp;

Two two-storey penthouses top out the development, with one occupying the northern area of the floorplate and the second in the southern.&nbsp;

The two penthouses mirror one another with the internal design, comprising three-bedrooms, a multi-purpose room, a laundry, a powder room, and an open plan kitchen, dining and two living areas.&nbsp;The eastern side of the penthouses will comprise a pool, sun deck, outdoor kitchen and barbecue area, dining as well as a fire pit.

<img alt="First Look: Plus-designed Broadbeach apartment tower set for Armrick Avenue" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-14%20at%205.51.41%20pm.png?VersionId=Z37u55IdSlxK5e1mLDi1L7D.qgghznyK" />Render of the Armrick Ave facade. Credit: Plus&nbsp;

The tower will sit a few doors down from Morris Property Group's recently launched <a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a> at 13 Armrick Avenue.

<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest</a> is Morris's eighth apartment development in Broadbeach. That will have 157 apartments designed by Guida Moseley Brown Architects.

The tower will sit a few doors down from Morris Property Group's recently launched Crest Broadbeach at 13 Armrick Avenue

Former footballer secures approval for Gold Coast apartment development

As they fast approach completion of their Main Beach apartment development <a href="/buildings/pearl-main-beach-3550-3552-main-beach-parade-main-beach">Pearl Main Beach</a>, veteran developer Raptis has been quietly working away on their new Broadbeach address, <a href="/new-apartments/the-sterling-broadbeach-6-8-george-avenue-broadbeach">The Sterling Broadbeach</a>.

They reduced the density of the George Avenue project, which was initially approved for a 43-level tower with 138 apartments designed by Koichi Takada.

Archidiom tweaked the designs and took off 17 levels, making a 30-level tower with 80 apartments with bigger floorplans than initially proposed.

[smartcode_project:default project_id=101620 project_image_fid=210396]

"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 earlier this year.

"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."

Read more:&nbsp;First look exclusive: Raptis to chop 17 levels off The Sterling, Broadbeach apartments

Each apartment features floor-to-ceiling windows framing views of the Pacific Ocean and Kurrawa Park.

The kitchens, adorned with Miele appliances, are both practical and stylish, incorporating an island bar and butler's pantry, while the open-plan living and dining areas lead to private balconies, with some bedrooms also providing balcony access.

[smartcode_project:default project_id=101620 project_image_fid=210397]

The residences boast generous ensuites with a freestanding bathtub and rain shower head as focal points. His and her vanities feature a round basin and a ceiling-reaching mirror.&nbsp;

Residents gain automatic and exclusive membership to Club Sterling, an amenity-filled second-floor space dedicated to comfort, well-being, and productivity.

Club Sterling includes a resort-style pool, an alfresco barbecue area, a Corporate Suite with Wi-Fi and private teleconferencing pods, a dedicated butler’s pantry, outdoor dining and entertaining space, a fully furnished Leisure Suite with private dining, and state-of-the-art health and fitness facilities.

The health and fitness facilities include a modern gymnasium, sauna and steam rooms, and a yoga and pilates movement studio.

Raptis anticipates that the 2032 Olympics and Paralympics will further boost the Gold Coast lifestyle, with planned infrastructure developments transforming the wider South East Queensland location.

Raptis is approaching completion of their Main Beach apartment development, <a href="/buildings/pearl-main-beach-3550-3552-main-beach-parade-main-beach">Pearl Main Beach</a>.

[smartcode_project_cta:default project_id=101620]

Raptis anticipates that the 2032 Olympics and Paralympics will further boost the Gold Coast lifestyle, with planned infrastructure developments transforming the wider South East Queensland location

Raptis gets to work on The Sterling Broadbeach apartment development

Iris Capital's <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a> is progressing towards becoming Broadbeach’s new landmark precinct.

Comprising two apartment towers above a significant retail precinct, <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a>, or V&amp;A, boasts premium resident amenities and vibrant ground-floor retail and dining facilities.

From the moment residents step inside the spectacular lobby at V&amp;A, they will experience the best resort-style living without having to leave home.

“<a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A</a> offers a quintessential resort-style lifestyle every day of the year,” Colliers Residential Director David Higgins said.

[smartcode_project:default project_id=107928 project_image_fid=234096]

Designed by architects DBI, <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A </a>consists of two residential towers, Victoria Residences and Albert Residences.

Victoria Residences in <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A Broadbeach</a> feature carefully crafted one and two-bedroom apartments with spacious indoor and outdoor living areas.

A diverse range of premium amenities has been meticulously integrated into the Victoria Residences tower across two levels.

[smartcode_project:default project_id=107928 project_image_fid=234093]

On the podium, residents will find The Victoria Club—a collection of stunning pools and places to relax, gather and play, all surrounded by spectacular verdant landscaping.

The Victoria Club includes a swimming pool, gym, wellness room, yoga lawn, residents’ lounge, children’s area, cinema, outdoor dining, and barbecue pods.

High atop the tower, the Victoria Sky Lounge offers a luxurious lounge and private dining with panoramic Gold Coast views.

The Sky Lounge provides first-class amenities like a sports lounge, private meeting rooms, and two other lounges.

[smartcode_project:default project_id=107928 project_image_fid=234092]

The second tower, Albert Residences, offers luxurious, home-sized residences starting at $1.99 million, with panoramic views of the Gold Coast's natural landscape.

Albert Residences features lifestyle inclusions such as a pool, spa, sauna, steam room, gymnasium, zen garden, yoga lawn, and studio.&nbsp;

Meanwhile, the Albert Sky Lounge offers residents a sky lounge with a wraparound balcony, indoor and outdoor dining areas, a wine cellar, a library, and more.

[smartcode_project:default project_id=107928 project_image_fid=234094]

<a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A Broadbeach</a> also includes two levels of premium office space, commercial facilities, and a new ground-level retail arcade accessible to all residents and the public.

<a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a> is now in the second construction phase, which is to be undertaken by&nbsp;Iris Capital's new construction arm, Iris Built,.

<a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A</a>&nbsp;is expected to be completed in early 2026.

From the moment residents step inside the spectacular lobby at V&A, they will experience the best resort-style living without having to leave home

"A quintessential resort-style lifestyle every day of the year": Inside Broadbeach's Victoria & Albert resident facilities

Developer Iris Capital has joined the growing number of developers bringing construction in house.

Approaching completion of early construction works by CF Group, the Sam Arnaout-led developer will be building the next stage of construction of its much anticipated two-tower development Victoria &amp; Albert by itself.

They've announced Iris Built, already fully licensed with the QBCC. They've assembled an experienced and dedicated Tier 1 construction team with extensive major project experience to focus fully on the delivery of V&amp;A.

[smartcode_project:default project_id=107928 project_image_fid=184933]

Local project manager Eastview Australia had been working away trying to identify builders who have the experience and strength to deliver the next phase of construction,

The Iris Built team will continue to work closely with Eastview Australia, an experienced project management business that has been delivering major high-rise developments on the Gold Coast for over 20 years.

This structure will allow the project to be delivered to the highest possible standards, with an Iris Group business acting in the capacity of builder.

[smartcode_project:default project_id=107928 project_image_fid=208685]

Over half of the 399 apartments in Victoria &amp; Albert have sold.

The apartments have been designed by renowned&nbsp;<a href="/architects/dbi">architecture firm DBI</a>, who drew inspiration from the coastal environment.

V&amp;A is being built in the heart of&nbsp;<a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a>, on the old Niecon Plaza site, which has been demolished. The towers will sit atop a $200 million commercial, retail and fresh food precinct.&nbsp;Colliers sales agent Paul Putsay says the commercial offering has&nbsp;particularly resonated with buyers from Melbourne and Sydney, who appreciate the convenience and vibrancy offered by a vibrant commercial hub.

[smartcode_project:default project_id=107928 project_image_fid=198884]

V&amp;A will also feature&nbsp;a 25-metre lap pool with an outdoor dining and barbecue area, a spa and steam room, a Zen garden, a yoga deck, a boutique resident's lounge, and a kid's club area with a playground, all surrounded by sub-tropical gardens.

The project also includes a residents sky lounge on the top level of the Victoria tower, complete with luxury dining, lounge, wellness, and work zones, taking in ocean and city skyline views.

[smartcode_project_cta:default project_id=107928]

Local project manager Eastview Australia had been working away trying to identify builders who have the experience and strength to deliver the next phase of construction

Iris Capital create construction arm to build Victoria & Albert Broadbeach apartments

The continued strength in the Gold Coast property market has seen the South East Queensland hotspot's median unit value surpass $700,000.

CoreLogic's Hedonic Home Value Index found Gold Coast units jumped another 1.3 per cent across September, topping growth in Sydney, Melbourne and Brisbane.

Unit values are now 6.4 per cent up in the last 12 months, according to the property data analytics firm.

Read more:&nbsp;<a href="/news/qld/city-beat-august-2023-gold-coast-unit-median-approaches-700k-following-august-growth">City Beat August 2023: Gold Coast unit median approaches $700k following August growth</a>

<h2>What's happening in the Gold Coast off the plan market?</h2>

Prospective buyers are still queuing up for off the plan apartments developments on the Gold Coast.

While signing up to join waitlists was more prevalent during the pandemic when buyers were missing out on projects which were selling to databases without even hitting the market, the recent development application by Molti for their <a href="/news/qld/first-look-exclusive-molti-secure-prime-bilinga-site-plan-luxury-apartment-project">luxury beachfront Bilinga project</a> saw a strong response.

Molti Director Ben Teague said the response has been incredibly positive.

"We’ve already had people join our waitlist at this early stage," Teague said, adding that buyers have been impressed with both the architecture and the beachfront position in Bilinga.

"We’ve been looking at the southern Gold Coast for a number of years, and while it’s seen considerable growth since the pandemic, we still feel there’s plenty more room to grow."

<img alt="Bilinga" data-entity-type="file" data-entity-uuid="90f45f83-d3ae-48fd-9b32-e28ac6b82207" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-05%20at%209.15.01%20am_0.png?VersionId=8oIJOVH6SMSrf8SFM_IDJpf0RcIVOGBK" />

Molti's key business&nbsp;contacts and stakeholders from southern states, particularly Melbourne, are wanting to heavily invest in property in South East Queensland.

"That tells us the growth wasn’t solely pandemic-fuelled. While thousands from the southern states viewed it as an escape from lockdowns over 2020 and 2021, there’s still people moving in droves to SEQ, and forecasts suggest that will continue."

Prominent Canberra developer Amalgamated Property Group are set to bring some further supply to the Gold Coast off the back of the success of their under construction Broadbeach apartment development, Amaya Broadbeach.

Amalgamated Property Group Development Manager Michael D'Elboux says they&nbsp;are seeing a return of buyer confidence, which he says&nbsp;is a direct response to the recent introductions of developer/builders at the helm of both the project vision and delivery.&nbsp;

"Specific feedback that we’re hearing from our buyers at Amaya Broadbeach is that this is providing them with additional certainty knowing that the delivery of the home they’re investing in will actually be of the highest priority to both parties and that their successes go hand-in-hand; there isn’t another party calling the shots," D'Elboux says.&nbsp;

[smartcode_project:default project_id=111866 project_image_fid=205116]

"Industry-wide, this all contributes to a much-needed positive sentiment – these increases in sales and continuation of construction activity does have a broader flow-on effect, with impact on the general market confidence and therefore, future demand and supply."

D'Elboux said that even with the arrival of spring and its natural inclination for the number of sales to pickup, the majority of enquiries at the moment are discerning buyers, namely those who have been watching the marketplace for some time.&nbsp;

"Buyers are doing more independent research before they even reach out to us, which means we're experiencing higher-quality enquiries and shorter conversion timelines to purchase,"&nbsp;D'Elboux says.

[smartcode_project:default project_id=111866 project_image_fid=205115]

"They are connecting with the long-term vision so we’ve got a strong reassurance of a quality residential community that will be in alignment with our original concept.

"As well as holiday-home makers, we’ve definitely been seeing a strong pickup in owner-occupiers who are looking to the future and finding their way to get closer to the water and live that Gold Coast dream by the sand and the sea, but in a low-maintenance home for an easy lifestyle."

Unit values are now 6.4 per cent up in the last 12 months, according to the property data analytics firm.



City Beat September 2023: Gold Coast unit values pass $700k after continued 2023 growth

Developer Polycell Group, who is currently developing The Rochester in Broadbeach, looks like it has it's eye firmly locked in on their next development site.

Records show they've spent $15.5 million buying 19 apartments in the Sandpiper building at 155 Old Burleigh Road. They were bought from developer Peter Priest from Trenert, who earlier in the year decided to abort their plans to buy out the rest of the owners when rival developers secured apartments to scupper the redevelopment.

The stoush went to court, with Trenert claiming the rival developers used information that was subject to a confidentiality deed, after they had made a $40 million offer to secure the whole project.

Polycell was founded in the 1970s by current director Robert Ching-Chin Hsu. Starting life as a packaging and materials company in Taiwan, Polycell branched out and is now the largest privately owned air bubble cushion producer in the world today.

No doubt they will now work on the rest of the owners in the building.

<img alt="Sandpiper" data-entity-type="file" data-entity-uuid="d692b541-1154-4a16-a8dc-7a20a7f1b059" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%202.29.58%20pm.png?VersionId=.APH4BEfZiqPkz0Mc2xDm2L7s7MBZxg1" />

Despite being gazetted earlier in the year, the rules for developers to take control of a building if they have over 75 per cent of the apartments, have yet to come into force.

There have been two sales in the development this year, aside from Polycell's purchases. Two two-bedroom apartments sold for $650,000 and $755,000.

The 1,828 sqm site is located directly opposite Kurrawa Park, which will offer never-to-be-built-out views across the beach and ocean.

It sits on the corner of Broadbeach Boulevard and Albert Avenue. The other side of Albert Avenue is the towering ULTIQA Beach Haven, while behind is the under construction, twin tower development Victoria &amp; Albert by Iris Capital.

<img alt="Sandpiper" data-entity-type="file" data-entity-uuid="75803a6c-d65f-4976-a0e6-df5587ceaf33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%202.33.13%20pm.png?VersionId=XBhB9EA31195oJoOsMhJLG57q4GKjIAj" />The current view from Sandpiper

Polycell is currently developing The Rochester, around 700 metres away on Surf Parade. That has 170 two and three-bedroom apartments.

It prides itself on it's extensive resident amenity. The $250 million tower features over 2,200 sqm of facilities.

[smartcode_project:default project_id=112276 project_image_fid=211183]

The whole of level four, some 1,350 sqm, will be dedicated to a health and wellness centre, which will feature a state-of-the-art gym, dry and wet saunas, a cold bath and a yoga lawn.

There will be an outside podium with a lap pool, a second leisure pool, heated spa, sun decks, barbecues, and alfresco dining spaces, all with views of the Pacific Ocean and the Gold Coast hinterland.

[smartcode_project:default project_id=112276 project_image_fid=211186]

Level 26 will home a further 930 sqm of amenity.&nbsp;

Dubbed The Executive Club, residents will have access to a sky lounge and private and communal dining spaces, anchored by a commercial kitchen for catering. A cellar room will feature individual wine and whiskey lockers.

The Executive Club will also feature state-of-the-art workspaces, including a&nbsp;boardroom, private office suites and workstations. A six-seat cinema, games room, and outdoor lounge areas, complete the amenity.

Polycell is currently developing The Rochester, around 700 metres away on Surf Parade

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