<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

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Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Gold Coast off the plan apartments

Melbourne developer&nbsp;<a href="/developers/pask-group">Pask Group</a> will welcome off the plan apartment buyers to its luxury Palm Beach apartment development, Esplanade, in the coming weeks.

Esplanade was a hit with buyers during the pandemic, quickly selling out back in 2022.

Projeckt marketing company, NPA Projects, who sold the project on behalf of Pask Group, is completing its final pre-settlement inspections before handing over the keys to the homeowners.

"The building's been well handled by <a href="/builders/hutchinson-builders">Hutchinson's</a>," Andrew Erwin from NPA Projects said, adding that owners&nbsp;will receive their keys and move-in welcome packs on July 1.

&nbsp;

[smartcode_project:default project_id=107137 project_image_fid=182224]

Designed by <a href="/architects/plus-architecture">Plus Architecture</a> and set in landscaping by <a href="/landscape-architect/form">FORM Landscape Architect</a>, Esplanade features two dual-level Beach Houses, 12 apartments, and two penthouses, ranging from 220 sqm up to 446 sqm.

The split-level, four-bedroom Beach Houses start on ground level, each with its own private plunge pool and living spaces wrapped around a private courtyard. Each Beach House also features two open-plan kitchens, living and dining areas, and separate guest quarters located on the lower floor.

The three-bedroom apartments, which start from 220 sqm, run at two per floor to level eight, and every apartment will have a large ocean-facing balcony.

[smartcode_project:default project_id=107137 project_image_fid=182233]

On the ground level is the resident amenity, which includes a 20-metre lap pool with wet edge and sunken lounges, outdoor dining areas and barbecue space, as well as a gym – cultivating a resort-style living experience and a strong sense of community.

<a href="/developments/palm-beach-qld-4221">Palm Beach</a>&nbsp;has continued to be one of the hottest markets on the Gold Coast from the pandemic through to now. <a href="/news/qld/first-look-exclusive-ignite-projects-head-back-to-palm-beach-beachfront-with-latest-apartment-development">Ignite is heading back to the beachfront</a> having sold out <a href="/new-apartments/cabana-1-nineteenth-avenue-palm-beach">Cabana</a> at around the same time as Esplanade. They're planning a September launch for their new project on Jefferson Lane, 36 apartments designed by&nbsp;<a href="/architects/plus-architecture" target="">Plus Architecture</a>.

Sherpa has eyes on another project having acquired <a href="/news/qld/sherpa-secure-three-new-palm-beach-sites-for-next-gold-coast-apartment-development">three adjoining sites at 8-12 Sixth Avenue for its next project</a>, while they continue building <a href="/new-apartments/perspective-nexus">Perspective Nexus</a>, also in Palm Beach.

[smartcode_project_cta:default project_id=107137]

mikah.m@urban.com.au

Buyers to move into Pask's The Esplanade, Palm Beach apartments

The under-construction Chevron One will be the only opportunity buyers have of living in a true high-rise tower on the small Chevron Island.

<a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a>, developed by the Melbourne-based developer Bensons and being delivered by construction partner ICON, will be the only skyscraper Chevron Island will ever see.

Strict height limits of 33 metres enforced shortly after the 2019 approval of the 41-level tower by Marchese Partners means Chevron One, which will top out at 127 metres, will be the tallest tower to ever be built in the small village-style suburb.

[smartcode_project:default project_id=6515 project_image_fid=215811]

<a href="/builders/icon">ICON</a>&nbsp;recently commenced pouring on level five, and is expected to complete the build in late 2025, with off the plan buyers moving in shortly after.

<a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a>&nbsp;comprises 228 one, two, and three-bedroom apartments, designed with open-plan living areas and kitchens designed by renowned chef Shannon Bennett.&nbsp;

Residents will have access to nearly 2000 sqm of resort-style amenities, including a private outdoor lagoon pool with a floating cinema, sculptured gardens, an indoor/outdoor beach, a lap pool, a spa and sauna, exclusive dining facilities, a resident’s lounge with barbecue facilities, a gymnasium, and a yoga and Pilates room.

[smartcode_project:default project_id=6515 project_image_fid=68841]

The popularity of Chevron Island has soared in recent years.

The boom has been reflected in enquiry data collected by MatterFact, the data product from&nbsp;<a href="/" target="">Apartments.com.au</a>. The data shows that the average price per square metre has skyrocketed over the last three years, increasing between 35 to 50 percent in most cases.

In 2022, the average price per square metre for two-bedroom apartments was $8,200. This figure jumped to $9,900 in 2023 and currently sits closer to $11,000 in 2024.

Three-bedroom apartments saw a similar increase, rising from $8,900 in 2022 to $11,200 in 2023, and further to $13,200 in 2024.

Read more:&nbsp;<a href="/news/qld/from-sleepy-village-to-the-cultural-hub-of-surfers-paradise-inside-the-growth-of-chevron-island">From sleepy village to the cultural hub of Surfers Paradise: Inside the growth of Chevron Island</a>

[smartcode_project_cta:default project_id=6515]

ICON recently commenced pouring on level five, and is expected to complete the build in late 2025, with off the plan buyers moving in shortly after

Chevron One: Live in Chevron Island's only skyscraper

There's not too much more opportunity to develop in Rainbow Bay.

The popular area in <a href="/developments/coolangatta-qld-4225">Coolangatta</a>, named after the beach facing the famous surf break, has gone through a transformation in the last few years, with low-rise, 1960s buildings making way for new luxury apartment projects by several notable developers.

But Newmil Developments, run by Chris Newman and Mark Milton, has carved out 546 sqm on Eden Avenue, one row back from the beach, where they're planning a luxury owner-occupier building.

They've had Stuart Osman Building Design put the plans together for <a href="/new-apartments/dayana-on-eden-coolangatta-41-eden-avenue-coolangatta-qld-4225">Dayana on Eden</a>, just eight full-floor apartments across a nine-level, code-assessable building.

The six three-bedroom apartments offer around 220 sqm of internal living space, while the sole two-bedroom unit, on the ground-level, has 140 sqm and sits next to the communal resident pool.

The penthouse sprawls across two levels and has four bedrooms and a private rooftop terrace with a swimming pool.

<img alt="Coolie" data-entity-type="file" data-entity-uuid="dca3c82d-8c58-4f1e-b313-f0a6a89c4cca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%203.03.16%E2%80%AFPM.png?VersionId=7GrCOnggwWX2.NP7mWQWQFsDeDzRZPEC" />

The Town Planning Report by HPC sugested the&nbsp;proposal delivers a high-quality residential development, that is responsive to its context and enhances the character of Rainbow Bay.

"The development optimises the site location in proximity to a range of community and social infrastructure and introduces a high-quality urban infill development which increases housing stock in the locality.

"The design compliments the subtropical, coastal nature of the area with design and serves to contribute to the built vernacular of the Coolangatta area."

<img alt="Coolangatta" data-entity-type="file" data-entity-uuid="fd75de69-03d5-4fcc-a413-4d72ca0a76a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%203.02.50%E2%80%AFPM.png?VersionId=vrarNbraHZCzgHTSAVUgdUP5DKM_6cH9" />

The building will place a two-level, three-unit brick walk up that had been in the same family since 1980 when it cost $125,000.

Eden Avenue is where Arium, the new development company of Sunland founders the Abedian's, is planning to turn the Greenmount Beach Hotel <a href="/news/qld/first-look-exclusive-abedian-family-completely-redesign-greenmount-beach-hotel-redevelopment-in-coolangatta">into a two-tower project designed by 111 Studio</a>.

Eden Ave is just one row back from Marine Parade, where architect turned developer Joe Adsett is creating&nbsp;<a href="/new-apartments/rockpool-rainbow-bay-154-156-marine-parade-coolangatta">Rockpool Rainbow Bay</a>.

Eden Avenue is where Arium, the new development company of Sunland founders the Abedian's, is planning to turn the Greenmount Beach Hotel into a two-tower project designed by 111 Studio

First look: New full-floor apartments pitched for Rainbow Bay

In Australia, capital city markets typically quieten down over winter as developers, agents, and prospective buyers gear up for the spring and summer selling seasons.

That's not the case in the Gold Coast however. In fact, it's the complete opposite.

Especially since the pandemic, the Gold Coast garners national attention during the colder months, more so than the entire year, except perhaps for the Christmas holiday season in December and January.

Developers are acutely aware of the limited apartment supply on the Gold Coast and are poised to bring apartments to market as soon as they can.

We've compiled a list of the top apartment developments to watch for in the second half of 2024

<h2>Who: Siera Group</h2>

<h2>Where:&nbsp;8 Enderley Avenue, Surfers Paradise QLD 4217</h2>

<h2>What: 54 two and three-bedroom apartments</h2>

Burgeoning apartment developer Siera Group will launch its third local apartment development since breaking onto the Gold Coast development scene in 2021 with their debut project Tapestry.

Siera Group, led by founder and managing director Brent Thompson, is gearing up the launch of its <a href="/new-apartments/exhale-surfers-paradise">Enderley Avenue project</a>, just off Northcliffe Beach. The approved project designed by <a href="/architects/bda-architecture">BDA Architecture</a> will comprise 54 apartments across a 25-level building, a maximum of three apartments per floor.

[smartcode_project:default project_id=112661 project_image_fid=283645]

There will be two levels of amenity, with the lower level hosting a communal mezzanine with a spa, gym and sauna, and the upper level with a lap pool with pool deck, barbecue alfresco space, a private dining area with a bar and cellar room, a games room, and a space with work from home facilities.

Thompson believes the majority of buyers at Enderley will be local downsizers.

"We want to really elevate the liveability factors of an apartment for a downsizer, and we think, on top of larger sized apartments with good design, we can do that with extensive amenity," Thompon says.

<h2>Who:&nbsp;Aniko Group</h2>

<h2>Where:&nbsp;14 Seaview Avenue, Mermaid Beach QLD 4218</h2>

<h2>What: The Landmark - 821 one, two, three and four-bedroom apartments across four towers</h2>

The much anticipated $2 billion, four-tower Mermaid Beach precinct by&nbsp;<a href="/developers/aniko-group">Aniko Group</a> is expected to be available to buy into this year.

The precinct-style development, dubbed&nbsp;<a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">The Landmark</a>, will spread across a prime 1.1-hectare site&nbsp;on the corner of the Gold Coast Highway and Seaview Avenue. It will comprise residential, hotel, retail, hospitality, and commercial spaces, as well as significant amenities for future residents.

<img alt="Aniko Group plot launch of four-tower Mermaid Beach development The Landmark after council approval" 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/field/image/Screenshot%202023-12-21%20at%208.52.38%20am.png?VersionId=LH3TYGiiRfDZ_P4X1joSmzWrL82.4xhs" />

The Landmark, designed by Plus Architecture, will deliver a collection of 821 apartments, over 10,000 sqm of A-grade commercial office and medical space and a vibrant new casual fine dining and beverage precinct on the ground floor.

<a href="/developers/aniko-group" target="">Aniko</a>’s vision for&nbsp;The Landmark&nbsp;is to create a new lifestyle and tourism heart for&nbsp;<a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>&nbsp;that will leverage its prime location as the southern gateway to the heart of the Gold Coast’s bustling central beachside suburbs.

<a href="/developers/aniko-group">Aniko Group</a>&nbsp;Managing Director&nbsp;George Mastrocostas said The Landmark&nbsp;will have every conceivable amenity on site for residents, hotel guests and office tenants while being just a short walk to everything that&nbsp;<a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>&nbsp;and nearby&nbsp;<a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a>&nbsp;have to offer.

“Residents will have access to facilities they are more likely to find in a holiday resort while hotel guests will have ready access to everything the Coast has to offer from the beach to shopping and theme parks.”

<h2>&nbsp;Who: Macquarie York</h2>

<h2>Where:&nbsp;50 Sunset Boulevarde, Surfers Paradise QLD 4217</h2>

<h2>What:&nbsp;42 two and three-bedroom apartments</h2>

Roy Skaf's <a href="/developers/macquarie-york">Macquarie York</a> will launch its Sunset Boulevarde tower later this year, having secured approval for the riverfront building in April.

The 17-level tower at 50 Sunset Boulevarde, a 1,057 sqm riverfront block on the Nerang River facing <a href="/developments/chevron-island-qld-4217">Chevron Island</a>'s Home of The Arts building, will home 42 two and three-bedroom apartments, as well as a three-level, four-bedroom penthouse.

<img alt="Macquarie York secure approval for new Surfers Paradise apartments" 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/field/image/50%20Sunset%20Bvd%20Surfers%20Paradise.jpg?VersionId=AtiCmJhE3qMpYlsaNO7Zgpi4uhAhzJHJ" />

Each floor up to level 15 will accommodate just three apartments, varying in size from 96 sqm to 129 sqm.&nbsp;

Among the amenities planned for residents is a dedicated recreation level on the second floor boasting a swimming pool, lounge area, BBQ space, gym, sauna, steam room, and work-from-home office space complete with desks and a boardroom.&nbsp;

<h2>Who:&nbsp;Amalgamated Property Group</h2>

<h2>Where:&nbsp;42-46 Chelsea Avenue, Broadbeach QLD 4218</h2>

<h2>What:&nbsp;Affinity Broadbeach - 185 two and three-bedroom apartments</h2>

The Canberra-based apartment developer <a href="/developers/amalgamated-property-group">Amalgamated Property Group</a> is looking to launch its second Broadbeach apartment development.

Currently building Amaya on First Avenue, APG has its sites set on revealing its next tower, <a href="/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach">Affinity Broadbeach</a>.

The 1,820 sqm Chelsea Avenue site, just 700 metres from&nbsp;Nikiforides Park was bought from Raptis with approval for a 41-level Archidiom-designed tower with 180 apartments.

APG has tweaked the plans, bringing in DBI to change the product mix, instead now offering 148 two-beds and 37 three-bed apartments, a total of 185 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>Who:&nbsp;Pyco</h2>

<h2>Where:&nbsp;10 Churchill Street, Coolangatta QLD 4225</h2>

<h2>What:&nbsp;Kirra Beach Residences - 97 two and three-bedroom apartments</h2>

The Brisbane-focussed developer&nbsp;<a href="/developers/pyco-group">Pyco</a>, is breaking into the Gold Coast with its maiden apartment development, Kirra Beach Residences.

Pyco Founder Lachlan Cottee says the project, 97 apartments across a 14-level building just one row back from Kirra Beach, will launch later this year. The owner-occupier development, made up of 79 three-beds and 18 two-beds, is set to be incredibly popular in an area that has been starved of supply.

<img alt="First look exclusive: Coolangatta's newest apartment tower plans revealed" 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/field/image/Screenshot%202024-01-19%20at%2012.10.00%20pm.png?VersionId=dCEUdKyBg9TUoWj3pxsC_2vFf713_bmn" />

The three-bedroom apartment sizes start from 113 sqm.

The resident amenity on the ground floor, set back from the street and elevated, includes a swimming pool, gym, sauna, resident work from home office space, and a media room.

Pyco has amalgamated four sites,&nbsp;10 and 12 Churchill Street, 17 Miles Street and 51 Winston Street, to create the 2,044 sqm site for the project.

Architecture firm DAHA said in their design statement submitted with the application to the Gold Coast City Council that their approach creates a space that complements the natural beauty of the Gold Coast landscape whilst elevating the experience of beachside living.

<h2>Who: Ignite Projects</h2>

<h2>Where: 1177 Jefferson Lane, Palm Beach</h2>

<h2>What: 36 two and three-bedroom apartments</h2>

Ignite Projects will be ready to launch its latest <a href="/developments/palm-beach-qld-4221">Palm Beach</a> beachfront development in the coming months, having recently acquired a prime 1,600 sqm site and submitted a code-assessable development application for a new nine-level apartment building on the Jefferson Lane dress circle.

Ignite, led by Josh Foote, is seeking to create 36 high-end apartments, akin to Cabana Palm Beach, Ignite's last Palm Beach project.

There will be four two-bedroom apartments and 32 three-beds, 31 of which have an additional multi-purpose room.

<img alt="First look exclusive: Ignite Projects head back to Palm Beach beachfront with latest apartment development" 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/Screenshot%202024-06-20%20at%207.26.44%E2%80%AFPM.png?VersionId=CZuDywsZQrYWUhs0AQCDq0wZEmtuoWxr" />

"Cabana was so well received, it would have been silly to not take the opportunity to recreate something similar when we know that market so well," Josh Foote said.

"We've had Plus come in and create a facade that is something fresh and challenges convention a little compared to what's come before in the area."

Ignite is bringing construction in-house for the project, with construction commencement expected in early 2025.

The Gold Coast's hottest apartment developments set to launch in H2 2024

An architecturally pleasing apartment building looks set for Southport's centre.

Plans have been filed by Option Group, the funds manager and property development firm run by the Sydney-based Paul Hanna, for a 10-level apartment development on a 1,416 sqm site at 44-46 Eugaree Street, a stone's throw from the centre of the Gold Coast suburb.

<a href="/architects/ferro-chow-architects">Ferro Chow Architecture</a>&nbsp;has designed the striking tower that will home 68 one, two and three-bedroom apartments.

<img alt="Ferro" data-entity-type="file" data-entity-uuid="fe523977-4cc1-49ce-86d7-7880174fbcd3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%2012.04.56%E2%80%AFPM.png?VersionId=vlYGVCgXUE5ECWHw93sxUPoh_9gZ5Kj1" />

The architecture of the building incorporates a high degree of articulation with recesses, curves, and a variety of materials and colours to achieve a visually appealing appearance that aims to integrate with the architectural character of Southport.

Ferro Chow said the design philosopohy of the project revolves around the concepts of modernity, timelessness, and elegance, with a strong emphasis on minimalism.

"The primary purpose of this project is to provide a contemporary living space that caters to the evolving needs of residents while seamlessly blending with the urban landscape and functional design, offering a high standard of living for its residents," the design statement by Ferro Chow Architects read.

"The design style of the apartment building is rooted in modern, timeless, and elegant architecture. The minimalist approach ensures a clean and uncluttered aesthetic, fostering a sense of tranquillity within the living spaces."

They said the building's facade is a standout feature, with a wavy design inspired by the natural elements of sand, timber and rocks.

"This design element not only provides visual interest but also breaks up the building’s mass, creating a dynamic and inviting appearance, and connecting it to the surrounding environment."

<img alt="Ferro" data-entity-type="file" data-entity-uuid="42478780-fa20-4760-91d8-5f53797a7e96" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%2012.01.59%E2%80%AFPM.png?VersionId=St.wGWSM9XI7rtaHMaA2_8.q8nIjGNnq" />

Each level of the building will home eight apartments. The 68 units are split into&nbsp;25 one-bedrooms, 39 two-bedroom, and four three-bedrooms.

The apartments extend to private balconies, accessible from the living and dining areas.

Residents will have access to communal facilities, including a pool, BBQ area, sauna, gym, and a function room, while the&nbsp;ground floor will also offer landscaped open spaces.

<img alt="southport" data-entity-type="file" data-entity-uuid="8e272400-9ffe-443c-9530-22554f336c7c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%2012.04.37%E2%80%AFPM.png?VersionId=b3MJgbW9ox3WEP598sJ8.5LdZndXZp.u" />

The Eugaree development will be located near Ellis Family Park, K Town Shopping Centre, various schools, and public transport options, including bus stops and the Nerang Street light rail station.

New off the plan apartment developments in <a href="/new-apartments/southport-qld-4215">Southport</a> have been few and far between. Apart from the $1 billion Imperial Square developmebt by Robert Badalotti's Azzura, the only new development in recent times has been <a href="/new-apartments/eden-garden-residences-20-bauer-street-southport">Eden Garden Residences</a>, the 54-apartment project that launched in late 2023.

New apartments planned for Southport

Before the onset of COVID-19, Chevron Island's newest apartment development would have been at least two decades old.

Fast forward four years, and some reputable apartment developers later, the small island just a bridge away from Surfers Paradise, is absolutely booming.

The island broke headlines in 2017 when Melbourne-based developer Bensons Property announced it was going to develop Chevron One, a 40-level tower on Stanhill Drive. The under-construction tower will be the only skyscraper on the island, following a change in planning laws shortly after the approval.

[smartcode_project:default project_id=6515 project_image_fid=167320]

But the island didn't truly boom until a few years later, around the opening of the Home of The Arts (HOTA) Gallery, located just across the green bridge from Chevron Island and the cultural hub of the Gold Coast. With the new gallery came&nbsp;The Exhibitionist Bar on the Gallery Rooftop, Palette Restaurant, and a new HOTA Shop.

Further investment by the Gold Coast City Council will bring a new&nbsp;1800-seat lyric theatre to the precinct, as well as a refurbishment of the current 800-seat theatre.

Apartment developers took note of the activity on the island and the surrounding area, and buyers have responded in a big way.

Brent Thompson's Siera Group made <a href="/developments/chevron-island-qld-4217">Chevron Island</a> home for their first <a href="/new-apartments/gold-coast-qld">Gold Coast</a> apartment development.

Thompson, who had been scoping out the Gold Coast market for 18 months before purchasing a prime 1500 sqm site on Darrambal Street, had a string of boutique townhouse and apartment developments in Brisbane's inner-ring suburbs to his name before moving Siera south.

"We have always built in-house, so it was really more about building a team of experienced high-rise staff to deliver Tapestry as we always have as builder/ developer," Thompson says.

On submitting plans for Tapestry in 2021, Thompson said <a href="/developments/chevron-island-qld-4217">Chevron Island</a>&nbsp;has a "great local community".

"It's a tight-knit community, while being ideally located just a five-minute walk from the international tourist hub of Surfers Paradise."

Thompson kept everything local when he submitted plans for Tapestry, a 22-level arts-inspired apartmet project designed to be in keeping with&nbsp;Chevron Island’s growing standing at the cultural arts hub of the Gold Coast. He had the local BDA Architecture team undertake the design, while also commissioning a piece from local artist Tania Blanchard that will hang in the lobby when the building is completed.

Tapestry will home 113 two and three-bedroom apartments with an impressive rooftop comprising a swimming pool, barbecue and alfresco space, a private dining room with a terrace and fire pit, an edible garden, a private gym with a sauna and steam room and landscaped gardens.

[smartcode_project:default project_id=108641 project_image_fid=192964]

“After all the research and understanding&nbsp;<a href="/developments/chevron-island-qld-4217">Chevron Island</a>&nbsp;as a whole, it really felt like it was the perfect place to deliver a project like&nbsp;<a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island" target="">Tapestry</a>, where we’ve created this phenomenal amount of amenity and beautiful residences that locals will be able to move into and downsize," Thompson said.

Siera Group recently brought construction in-house and kicked off the build at Tapestry, which is expected to complete in late 2025.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Another reputable builder developer on the island is Aniko Group, who has a strong track record of delivering qualiy on a Gold Coast island before. They've previously developed over $400 million worth of apartments and townhouses on Hope Island.

Aniko's construction arm will be completing their Chevron Island apartment development, Orama, in late 2025. A similarly impressive rooftop to Tapestry, Orama will have 102 two and three-bedroom apartments designed by Plus Architecture. The project is currently over 80 per cent sold.

[smartcode_project:default project_id=111898 project_image_fid=240584]

When Aniko secured the Weemala Street site, Aniko Founder George Mastocrastas said they wanted to create something that was "in keeping with the community fabric of the island suburb."

“Chevron is just a short walk to Surfers Paradise, the beach, the Gold Coast’s cultural heart and all the amenities the central Gold Coast has to offer. It’s both laid back and sophisticated at the same time."

[smartcode_project:default project_id=111898 project_image_fid=209597]

Another local developer Sherpa Property Group, also recently launched Perspective Helm, the most boutique apartment development on the island.

The waterfront building on Stanhill Drive comprises just 10 three and four-bedroom residences, a mix of apartments and villas, that start from $4 million. Some of the residences have their own private marina berth.

Chevron Island's boom has been reflected in enquiry data collected by MatterFact, the data product from Apartments.com.au. The data shows that the average price per square metre has skyrocketed over the last three years, increasing between 35 to 50 percent in most cases.

In 2022, the average price per square metre for two-bedroom apartments was $8,200. This figure jumped to $9,900 in 2023 and currently sits closer to $11,000 in 2024.

Three-bedroom apartments saw a similar increase, rising from $8,900 in 2022 to $11,200 in 2023, and further to $13,200 in 2024.

Chevron Island's boom has been reflected in enquiry data collected by MatterFact, the data product from Urban.com.au

From sleepy village to the cultural hub of Surfers Paradise: Inside the growth of Chevron Island

Josh Foote's Ignite Projects is heading back to the Palm Beach sand, filing plans for its latest luxury beachfront project.

Having acquired a development-approved site a few months ago from GV Property Group, <a href="/developers/ignite-projects">Ignite</a>, who has had success on the <a href="/developments/palm-beach-qld-4221">Palm Beach</a> beachfront previously with Cabana, has scaled back plans to be more in keeping with the Palm Beach beachfront.

Now on the desks of the Gold Coast City Council is <a href="/new-apartments/retreat-palm-beach-1177-jefferson-lane-palm-beach-qld-4221">Retreat Palm Beach</a>, a nine-level building by Plus Architecture with 36 apartments. There will be four two-bed apartments and 32 three-beds, 31 of which also have a multi-purpose room.

<img alt="Palmie" data-entity-type="file" data-entity-uuid="ce60f9fb-2dc7-4da7-aee6-689894d8658f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-20%20at%207.26.44%E2%80%AFPM.png?VersionId=CZuDywsZQrYWUhs0AQCDq0wZEmtuoWxr" />

Josh Foote told Urban the new project will follow the same blueprint as Cabana, 30 apartments up the road that was one of the fastest selling developments in the Gold Coast in 2021.

"Cabana was so well received, it would have been silly to not take the opportunity to recreate something similar when we know that market so well," he said.

"We've had Plus come in and create a facade that is something fresh and challenges convention a little compared to what's come before in the area."

One of the key focuses for Foote is on the communal area on the ground level.

"We want this space to become an urban retreat for residents, within the confines of the building.

"Of course one of the biggest drawcards will be the proximity to the beach, but we want this space to act as a retreat from the beach. "The design will evoke a Mediterranean day spa ambiance, characterised by organic and natural elements, featuring a sculpted lagoon pool and floating day beds."

<img alt="Palmie" data-entity-type="file" data-entity-uuid="f1aef654-cf06-48e0-9119-678ec0586b6c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-20%20at%207.26.40%E2%80%AFPM.png?VersionId=wtQjhnbEIOUZaTHg4Nsc1KWPCjCMv_yh" />

Much like several developers on the Gold Coast who are wanting to avoid any problems with construction, Foote will be bringing construction in-house for the new project.

"It's a matter of wanting to control the quality and delivery from concept to completion," Foote says, adding that they'll be ready to start construction in early 2025. Sales and marketing is expected to commence in Q3 2024, with the new development application code-assessable so it should fly through its approval process.

"We considered numerous elements before finalising the layout of the floor plans to ensure the best possible outcome,"&nbsp; Foote says.

"It ticks a lot of boxes for downsizers."

<img alt="Ignite" data-entity-type="file" data-entity-uuid="b83d81b3-ae34-4cef-a16e-cf754be4f84f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-21%20at%204.21.17%E2%80%AFPM.png?VersionId=uCmQTal2UbrqqeCbIwWYBqCw8crZgdsk" />

GV Property Group's Luke Reaby says there aren't many more opportunities to create a project of the scale of this one, namely due to the fact the lack of supply coming to the market, as well as the ability to amalgamate a site of this size.

"We're in constant communication with every owner on the beachfront and Jefferson Lane and believe these sites will become more scarce everyday, especially four blocks in a row like this one," Reaby says.

"We sold the unit block then approached the neighbours to the north to make the site larger which has allowed for a better scheme to be put to Council."

Reaby says there were multiple offers from local developers, as well as a consortium of investors from the local area who looked at it as a landbanking opportunity.

Ignite is taking the wraps off its luxury Main Beach apartment development, The Monaco, just 24 half and full-floor apartments that sold out with an average sale price of $4.6 million.

Josh Foote told Urban the new project will follow the same blueprint as Cabana, 30 apartments up the road that was one of the fastest selling developments in the Gold Coast in 2021.

First look exclusive: Ignite Projects head back to Palm Beach beachfront with latest apartment development

The Gold Coast’s super tight A-grade office market is about to get a major boost as Aniko Group gears up for construction of its $2 billion mixed Mermaid Beach project The Landmark, with the development set to deliver the equivalent of more than a year’s worth of supply.

<a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">The Landmark</a>, a mixed-use project set to rise on a 1.13 hectare site bounded by Seaview Avenue and the Gold Coast Highway, will create up to 11,000 sqm of office space in the sought-after central Gold Coast market and provide the largest injection of new office space to the city since The Oracle was completed 14 years ago.

The development has been hailed a welcome relief by the real estate industry as vacancy rates on the Gold Coast, particularly A-grade stock, plumb record lows.

The most recent analysis by <a href="/project-marketer/colliers">Colliers</a> showed that net absorption of office space in the six months to January hit 4,490sqm, with A-grade properties recording the highest level of demand.

Based on the latest net absorption rate, The Landmark will deliver more than a year of supply to the Gold Coast market which saw vacancy rates fall to 6.4 per cent in January across the broader market. A-grade space went even lower to 3.3 per cent.

“The landmark represents one of the biggest injections of office space in the Gold Coast market for more than a decade,” said Colliers <a href="/developments/gold-coast-qld">Gold Coast</a> director-in-charge Steven King.

“It comes amid an acute shortage of new office developments across the city due to higher construction costs, labour shortages and increased borrowing costs.&nbsp;

“In a single hit, The Landmark will open up more opportunities for businesses to secure A-grade space close to key transport nodes in the central Gold Coast precinct.”

<img alt="Aniko Group’s $2 billion The Landmark" data-entity-type="file" data-entity-uuid="efc3bd58-d7af-42ea-bad5-24ac76444a80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/JPEG_aerial_aniko_masterplan_3_3d_render_by_volumevision_0.jpg?VersionId=fzINNskxAAwXg7dFiP17u7opSxDC.BWW" />

Positioned prominently at the entrance to the iconic Pacific Fair Shopping Centre, The Landmark will be supported by easy access to the Broadbeach South light rail station and bus interchange to create an uber-connected community and support a new urban heart for <a href="/developments/mermaid-beach-qld-4218">Mermaid Beach</a>.

Gold Coast A-grade stock comprises a total area of 87,203 sqm out of the city’s total estimated office space of 460,510 sqm. With 11,000 sqm being added by The Landmark, the development will boost the city’s A-grade offering by almost 14 per cent and see it as the second largest office tower behind 50 Cavill Avenue.

“Tenants have been crying out for A-grade space amid the continued migration of business owners to the Gold Coast and the expansion needs of existing businesses,” King added.

“With the rate of net absorption of space at present, this project will add more than a year’s supply of much-needed A-grade space and alleviate some of the shortages the market has been experiencing.”

Despite the impact of higher interest rates on the Australian economy, the Gold Coast office market remains robust, thanks to continued strong population and business growth, <a href="/project-marketer/cbre-residential-australia">CBRE</a> predicts that Gold Coast office vacancy will remain at one of the lowest rates in the country.

“The Gold Coast office vacancy rate could fall to 2-3 per cent by 2025. We desperately need more A-grade office space and have been waiting for this supply since Oracle in Broadbeach was introduced to the region 14 years ago,” said Tania Moore, senior director of investor leasing of CBRE Gold Coast.

CBRE’s Gold Coast Office Market Report revealed that the city’s vacancy rate remains one of the tightest in Australia, at just 6.4 per cent.

The Gold Coast’s supply pipeline will be limited over the next few years due to high interest rates, construction costs, delays and labour shortages restricting construction, said the report.

“The central Gold Coast is desperate for major A-grade office space, as the region continues to grow and evolve into a corporate nucleus with tenant demand focussed on a high-quality building quality and amenities,” Moore said.

“Aniko Group’s vision will also incorporate a number of incredible value adds to the office precinct with close proximity to the new international restaurants and retail precinct that will be a feature of The Landmark.”

<img alt="Aniko Group’s $2 billion The Landmark development" data-entity-type="file" data-entity-uuid="e4875d6a-6e71-4bf0-9a51-9480e3748f49" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/JPEG_streetscape_seaview_ave_3d_render_by_VV.jpg?VersionId=ELNdTpQwNPgalqz7dQnZTQphCVZQB9Ei" />

The Landmark, a four-tower mixed-use project, is primed to unlock new residential and commercial opportunities with a design that will create an iconic southern gateway to Broadbeach.

<a href="/developers/aniko-group">Aniko Group</a>, which plans to undertake the project in stages, has laid plans for three residential towers of 25, 30, and 40 storeys, in addition to a 53-level tower featuring a mix of hotel suites and private hotel-branded residences.

The project’s activated space will be dominated by a sprawling 1ha recreation podium in addition to a commercial precinct comprising A-grade offices, medical services and a ground floor retail and dining precinct.&nbsp;

The prime location of The Landmark will provide office occupants with an enviable office space, but more than this, it is idealistically positioned with the best of world-class amenities including international retail and dining precincts surrounding the project.

“Our vision for The Landmark is to create a self-sustained urban village in Mermaid Beach that is a natural extension of the commercial heart of the city,” said Aniko Group managing director George Mastrocostas.

“The office component is integral to enhancing the activated space where tenants can enjoy all that this world-class precinct will have to offer.

“We’re proud to be at the forefront of enhancing the Gold Coast’s commercial landscape with The Landmark. This development not only addresses the urgent demand for premium office space but also sets a new standard for urban living and working in the region”.&nbsp;

Aniko Group is planning to make a start to construction of The Landmark by the end of this year.

[smartcode_project_cta:default project_id=134338]

Aniko Group, which plans to undertake the project in stages, has laid plans for three residential towers of 25, 30, and 40 storeys, in addition to a 53-level tower featuring a mix of hotel suites and private hotel-branded residences

Aniko Group’s $2 billion The Landmark to add a year’s supply to Gold Coast office market

It was yet another month of solid gains in the Gold Coast unit market.

The 1.8 per cent growth in May, following 1.1 per cent growth in both March and April, made it the top-performing regional unit market in Queensland, according to CoreLogic's latest Monthly Hedonic Index

It outstripped the growth in <a href="/developments/sydney-nsw">Sydney</a> and <a href="/developments/melbourne-vic">Melbourne</a>.

The median value of units in the <a href="/developments/gold-coast-qld">Gold Coast</a> has reached $784,000, which would put the median value only second to Sydney. The median started 2024 at $727,000.

Read more: <a href="/news/qld/city-beat-may-2024-gold-coast-unit-market-continues-to-surge">City Beat May 2024: Gold Coast unit market continues to surge</a>

<h2>What happened in the Gold Coast off the plan apartment market in May</h2>

The average price for new apartments sold on the Gold Coast has risen more than $500,000 in the past six months, according to Urbis, as sustained demand and dwindling supply combined with a sharp rise in interstate investor activity and construction costs continue to impact property values.

The&nbsp;<a href="/architects/urbis">Urbis</a>&nbsp;Apartment Market Essentials report for the March quarter has revealed that new apartment sales achieved a weighted average sale price of $1.73 million, the highest since Urbis began monitoring the new apartment market in 2014.&nbsp;

This is up from $1.67 million in the December quarter, and $1.13 million in September quarter.

There was success up and down the Gold Coast, as well as a much-needed 1000 apartments added to the apartment supply. That was from Harry Triguboff's&nbsp;<a href="/developers/meriton" target="">Meriton</a>&nbsp;who launched their two-tower&nbsp;<a href="/new-apartments/cypress-palms-surfers-paradise-3346-surfers-paradise-boulevarde-surfers-paradise">Cypress Palms</a>&nbsp;development&nbsp;in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>.

The towers will home just shy of 1000 apartments across two 76 and 90-level towers on a vast 8,083 sqm site at 3346 Surfers Paradise Boulevarde, on top of the Cypress Ave G-Link light rail.

&nbsp;

[smartcode_project:default project_id=139696 project_image_fid=277713]

Cypress Palms will be Harry Triguboff's 21st high-rise development on the Gold Coast, having first visited the now thriving tourist mecca six decades ago.

There was success in Palm Beach where&nbsp;<a href="/developers/marquee">Marquee Development Partners</a>&nbsp;recently launched&nbsp;<a href="/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">La Belle Palm Beach</a>&nbsp;to much fanfare. Its $100 million in sales within the first month of it being on the market made it&nbsp;the city’s fastest-selling project of 2024.

Sales ranged from $2.5 million to $7 million.

[smartcode_project:default project_id=102340 project_image_fid=273596]

<a href="/developers/aniko-group" target="">Aniko</a>&nbsp;also announced they were over 80 per cent sold at their under-construction <a href="/developments/chevron-island-qld-4217">Chevron Island</a>&nbsp;apartment development, <a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a>.

Only 21 apartments remain in the 21-level building. Priced from $1.25 million, there is a mix of two-bedroom, two-bathroom plus study configurations, and three-bedroom sky homes on the upper levels that are topped off by two luxury penthouses.&nbsp;

[smartcode_project:default project_id=111898 project_image_fid=209596]

Melbourne developer&nbsp;<a href="/developers/hirsch-faigen">Hirsch &amp; Faigen</a>&nbsp;revealed the crown jewel of their recently completed, sold out&nbsp;<a href="/developments/coolangatta-qld-4225">Coolangatta</a>&nbsp;project,&nbsp;<a href="/buildings/emerson-kirra-100-musgrave-street-coolangatta">Emerson Kirra</a>.

The $10 million penthouse has nearly 20 metres of north-facing glass frontage and spans over 500 sqm. It has four-bedroom residence offers open-plan living and dining areas designed to take advantage of the panoramic 270-degree views over the&nbsp;Gold Coast,&nbsp;

&nbsp;

[smartcode_project:default project_id=106646 project_image_fid=278789]

Some developers continue to expand their residential property pipeline to the rest of the Gold Coast, with <a href="/developers/sherpa-property-group">Sherpa Property Group</a> settling on another site in <a href="/new-apartments/labrador-qld-4215">Labrador</a> after kicking off construction at their luxury Palm Beach apartment development <a href="/new-apartments/perspective-nexus">Perspective Nexus</a> and revealing their latest project <a href="/new-apartments/perspective-helm">Perspective Helm</a> on Chevron Island.

They've secured 45 Labrador Street, a 915 sqm block they bought for $1.5 million where they're planning a small lot subdivision.<img alt="Sherpa settle on prime Labrador site" 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/field/image/45%20Labrador%20Street.jpg?VersionId=moQQy2wiN9kN6F2Ifc_CJdqk1Vg5klN4" />

The site, located within Labrador's highly sought-after Golden Triangle, will home Sherpa's collection of brand-new beach homes on the Gold Coast, dubbed Freedom Vantage.

Builder-developer <a href="/builders/5point-projects">5Point Projects</a> has also locked in its next project in the southern Gold Coast.

They're not straying far from their luxury Palm Beach apartment development <a href="/new-apartments/ophira-105-107-jefferson-lane-palm-beach">Ophira</a>, where they've paid $15.6 million for a double-block of 824 sqm at 171-173 Jefferson Lane, a block that offers 20 metres of absolute beach frontage.

<img alt="5Point doubledown in Palm Beach with $15.6 million beachfront acquisition" 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/field/image/IMG_1639.jpg?VersionId=da8gVgM8u..V3LNBrjZXzJPpzKFjvLx7" />

Damian Dove, Managing Director of 5Points Projects, said the company&nbsp;was currently working up plans for the site but confirmed a boutique luxury apartment project in line with their brand was in the mix.

The next project is expected to launch later this year.

City Beat June 2024: Gold Coast unit market enjoys best month in 2024

Bastion Property Group has secured more than $30 million in sales for <a>Nera Residences</a> in a little over two months of the project’s official launch.

The $145 million development, which comprises apartments, six skyhomes and a full-floor penthouse, has been inundated with local buyers keen to lock in the walkable village lifestyle of the island suburb.

The sales surge takes <a href="/new-apartments/nera-residences-chevron-island-8-10-parneno-street-chevron-island">Nera Residences</a> closer to a construction start after Bastion secured development approval late last year.

Sales so far have comprised of a blend of two-bedroom apartments from $1.2 million to $1.65 million, as well as half-floor, three-bedroom apartments from $2.2 million to $3.5 million.

“Local buyers have been quick to identify the unique offering at Nera Residences, with some buyers already existing <a href="/developments/chevron-island-qld-4217">Chevron Island</a> residents,” said Alex De Vincentiis, managing director of project marketer <a href="/project-marketer/onepm">ONE:PM</a>.

“Interstate buyers have also been among the early movers with many noting the value that Nera Residences represents for a central Gold Coast location.”

[smartcode_project:default project_id=108640 project_image_fid=241583]

Nera Residences, located at the northern end of Chevron at 8-10 Parneno Street is just a short stroll to Surfers Paradise and Chevron Island’s retail and dining hub.

“The pre-launch campaign garnered hundreds of inquiries and secured several firm commitments from buyers. This momentum has persisted well beyond the initial quarter", De Vincentiis said.

“Many of our buyers were already sold on Chevron Island for its unique positioning alongside the bustle of Surfers Paradise, and the easy access to the light rail and the city’s emerging cultural precinct at Evandale. But they have been equally impressed with the superb designs of Nera’s residences and the amenities that residents will enjoy.”

[smartcode_project:default project_id=108640 project_image_fid=253872]

Award-winning firm <a href="/architects/bda-architecture">BDA Architecture</a> and Paradigm Design Studio have crafted Nera Residences to offer large, open floorplans and generous balconies in an array of two- and three-bedroom layout options with luxe fittings and inclusions.&nbsp;

Rising 28 levels, many Nera apartments will take advantage of 360-degree views of the ocean, river and hinterland. Oversized windows will invite in ample natural light, creating an alluring atmosphere to capture the essence of Gold Coast lifestyle.

Nera’s residents will enjoy luxurious rooftop amenities, including an infinity pool, wellness spa, which includes sauna and cold-water therapy, fitness centre with hinterland view, exclusive Residence Lounge and Private Dining Room, fire pit, and a dedicated unique yoga platform.

[smartcode_project:default project_id=108640 project_image_fid=253875]

<a href="/developers/bastion">Bastion Property Group</a>, a company backed by a private consortium of experienced national and international developers, developed and built by Bastion, construction of Nera Residences starts in the next few months.

“Nera Residences’ exceptional sales response from the market within just 10 weeks of the official launch has affirmed our vision for this unique project,” said Alex Wood, Basiton director.

“Nera is setting a new standard for Chevron Island and after finalising final refinements to the design, our team is looking forward to progressing project to the construction stage.”

Bastion Property Group anticipates Nera Residences will welcome its first residents in 2026.

[smartcode_project_cta:default project_id=108640]

Nera Residences, located at the northern end of Chevron at 8-10 Parneno Street is just a short stroll to Surfers Paradise and Chevron Island’s retail and dining hub

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