<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.

<section data-scroll-anchor="false" data-testid="conversation-turn-4" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-1" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-1" dir="auto">
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;

&nbsp;

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

Aniko Group has settled the $32.5 million purchase of the&nbsp;<a>Mermaid Beach</a> site earmarked for the company’s flagship $2 billion mixed-use development, The Landmark.

The settlement marks another milestone for the four-tower development which is set to transform the long-vacant property into a <a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">vibrant new residential, commercial, dining and leisure precinct</a>.

<a href="/developers/aniko-group">Aniko</a>&nbsp;purchased the 1.13ha site, located at the corner of the <a href="/new-apartments/gold-coast-qld">Gold Coast</a> Highway and Seaview Avenue, in 2022, with the $32.5 million deal listed among the biggest residential land transactions of the year.

“When considering the prime location, size and scale of the project proposed by Aniko Group, this is an irreplaceable asset and the development approval has added substantial value to the site,” said Mark Witheriff, the Gold Coast managing director at <a href="/project-marketer/cbre-residential-australia">CBRE</a> who negotiated the sale with Brenden Hogan of <a href="/project-marketer/colliers">Colliers</a>.

“The <a href="/developments/mermaid-beach-qld-4218">Mermaid Beach</a> holding is the best large-scale site remaining in the central Gold Coast region and it’s pleasing to see that Aniko Group has recognised the unique development opportunity it presents by progressing its plans to activate the property.”

The settlement of the acquisition comes on the heels of Aniko Group making minor adjustments to the proposed four-tower development, after the company secured approval for the masterplan late last year.

Read more:&nbsp;<a href="/news/qld/aniko-seek-rightsizers-at-2-billion-mermaid-beach-apartment-mega-project-landmark">Aniko seek rightsizers at $2 billion Mermaid Beach apartment mega-project, Landmark</a>

The Landmark, poised to become an iconic southern gateway to Broadbeach, will be developed in stages by Aniko Group over the next six years. This endeavour promises to unlock fresh residential and commercial opportunities at the doorstep of Pacific Fair, renowned as one of Australia’s premium shopping destinations.

When completed, The Landmark will comprise three residential towers of 25, 30, and 40 storeys, as well as a 53-level tower featuring a mix of hotel suites and private hotel-branded residences.

Complementing the meticulously integrated collection of residential apartments and the proposed luxury hotel will be an activated commercial precinct comprising offices, medical services and ground-floor retail and dining precincts.

<img alt="'Landmark' settlement of $32.5 million Mermaid Beach site" data-entity-type="file" data-entity-uuid="aad3e460-3470-4fb7-9c53-f9d538eeb88d" 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.jpg?VersionId=1.uLIVBpLz2pmKWHXojCQzLNEk6zvYrM" />

A sprawling 1ha recreation podium will offer residents and hotel guests unparalleled amenities, all within close proximity to the entirety of the site.

Positioned prominently at the entrance to the iconic Pacific Fair Shopping Centre, the site is supported by its easy access to the Broadbeach South light rail station and bus interchange to create an uber-connected Landmark community and support a new urban heart for Mermaid Beach.

The visionary project, driven by Aniko Group founder and managing director George Mastrocostas, is gearing up for a start to construction at the end of this year.

“We’re thrilled to announce the settlement of the site purchase as the latest milestone for The Landmark,” Mastrocostas said.

“Through an exhaustive design process since we first put our foot on this site in 2022, we are now set to deliver a new standard for affordable luxury for Mermaid Beach, a suburb that has dominated the premium residential market for decades.”

Following extensive feedback from buyers seeking affordable luxury residential living in the suburb, Aniko Group recently submitted a modified development application to the City of Gold Coast proposing enhancements to Tower 1 of The Landmark.&nbsp;

Taking a ‘rightsizing’ approach to its development strategy, Aniko Group has reconfigured the floorplate of the first tower, increasing its size from 784 sqm to 837 sqm and introducing an additional apartment per level.

“The refinements are designed to elevate the unique residential offering at The Landmark,” Mastrocostas said.

“They will allow us the opportunity to create coastal apartment living at a price point that simply doesn’t exist anywhere in the Mermaid Beach market.”

Aniko Group, which is currently undertaking construction of the $150 million <a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a> apartment project at <a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a>, has reaffirmed its plans to start construction of the first stage of The Landmark in the final quarter of 2024.

[smartcode_project_cta:default project_id=134338]

When completed, The Landmark will comprise three residential towers of 25, 30, and 40 storeys, as well as a 53-level tower featuring a mix of hotel suites and private hotel-branded residences

Aniko settle on $32.5 million Mermaid Beach The Landmark site

Long-standing Gold Coast apartment developer Morris Property Group has surged past the halfway mark in sales on their Broadbeach apartment development, Crest Broadbeach.

<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest&nbsp;Broadbeach</a>, which marks Morris Property Group's eighth high-rise residential project in <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, tapped into the demand from owner-occupiers for new apartments in the sought-after Broadbeach postcode.

In the fourth quarter of 2023, Crest saw a total of 25 sales, with an average sale price of $1,089,000 per apartment.

[smartcode_project:default project_id=112024 project_image_fid=243300]

Designed by Canberra-based architectural firm <a href="/architects/guida-moseley-brown-architects">Guida Moseley Brown</a>, Crest offers a total of 182 two and three-bedroom apartments.

There will be a maximum of just five apartments per floor, with only three three-bedroom apartments per level on the building’s top three floors.

Residents will have access to extensive amenities on top of the building’s podium on level two, wrapped with terraces with seating and dining areas, featuring a pool, gym, lounge space and a communal barbecue area.

[smartcode_project:default project_id=112024 project_image_fid=241132]

The 40-level tower is positioned on Armrick Avenue, a prime location opposite the Broadbeach Bowls Club, adding to its appeal.

Crest Broadbeach will also be conveniently situated within 800 metres of the Broadbeach CBD, less than two kilometres from the Pacific Fair Shopping Centre and the <a href="/new-apartments/surfers-paradise-qld-4217">Surfers Paradise</a> CBD.

Construction of Crest Broadbeach is already underway and is scheduled for completion in September 2025.

<a href="/developers/morris-property-group">Morris Property Group</a>&nbsp;has been developing in the Gold Coast for the best part of four decades. Their Bondi Burleigh project, expected to launch later this year, will mark the developer's 20th apartment development in the Gold Coast.

[smartcode_project_cta:default project_id=112024]

The 40-level tower is positioned on Armrick Avenue, a prime location opposite the Broadbeach Bowls Club, adding to its appeal

Staff Writer

Crest Broadbeach races to over 50 per cent sold

The forever busy Gold Coast apartment developer, Marquee Development Partners, has secured a sellout of its luxury Kirra project Monterey, and in the same breathe they've launched another.

<a href="/new-apartments/monterey-kirra-beach-4-6-musgrave-street-coolangatta-qld-4225">Monterey</a>, at 4-6 Musgrave Street, the dress circle address offering gun-barrel views over the beach, is Marquee's 10th development on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>, which will be closely followed by the recently launched <a href="/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">La Belle</a>.

Monterey garnered significant interest from a diverse pool of buyers, including local, interstate, and international individuals due to its prime location and unique offering, a chance to buy a primary residence, holiday retreat, or investment property on one of the last beachfront sites in <a href="/new-apartments/kirra-beach-qld-4225">Kirra</a>.

The project offered 35 three and four-bedroom apartments across its 14 levels and 45 metres of north-facing beach frontage, creating almost unrepeatable views north and south from&nbsp;Snapper Rocks and the Kirra Headland to the <a href="/new-apartments/surfers-paradise-qld-4217">Surfers Paradise</a> skyline.

[smartcode_project:default project_id=112210 project_image_fid=198839]

Monterey was designed by the <a href="/new-apartments/brisbane-qld">Brisbane</a>-based <a href="/architects/ellivo-architects">Ellivo Architects</a> to replace an ageing apartment block of 15 which has been on the 1,163 sqm site for over five decades.

As with every Marquee community, residents will have exclusive access to a curated selection of resort-style amenities, with Monterey taking inspiration from Mykonos and the Greek Islands.

The ground floor of Monterey will feature a heated swimming pool oasis accompanied by poolside cabanas, an outdoor spa, and a European-style sauna, as well as an outdoor beach shower and surfboard wash station. A gym with a yoga lawn, and a resident bar with a billiards lounge, will sit on the floor above.

Construction is well advanced at Monterey, which is expected to complete later this year.

[smartcode_project:default project_id=112210 project_image_fid=198833]

<a href="/developers/marquee">Marquee</a> has just launched its latest project in Palm Beach. La Belle, 74 three, four, and five-bedroom apartments, also with ultra-wide aspects and sweeping north and south views.

Each apartment features sliding doors connecting the living and kitchen areas to indoor-outdoor living spaces.

The kitchens are equipped with top-of-the-range Gaggenau appliances and feature walk-in butler's pantries, as well as dry bars between the kitchen and dining areas.

Residents of La Belle will also have access to two levels of amenities including an outdoor heated pool and spa and a wellness centre with a gym offering pilates and barre/yoga, stretching rooms, a Nordic Sauna, an indoor hot spa, and cold plunges. There will be multiple teppanyaki dining bars, as well as, like Monterey, a residents lounge with a billiards room.

[smartcode_project_cta:default project_id=102340]

&nbsp;

&nbsp;

Marquee sell out Monterey at Kirra Beach, launch in Palm Beach

Much like neighbouring Brisbane, the Gold Coast unit market won't be slowed down.

Following similar supply demand metrics to the Queensland capital, the Gold Coast unit market posted another strong gain in March, according to property data analytics firm CoreLogic.

CoreLogic's Monthly Home Value Index showed Gold Coast units, which incorporate both townhouses and apartments, rose in value by 1.1 per cent over March to be 2.8 per cent up in 2024.

The median value of units on the Gold Coast is now at $749,000, higher than both <a href="/new-apartments/brisbane-qld">Brisbane</a>&nbsp;($587,000) and <a href="/new-apartments/melbourne-vic">Melbourne</a>&nbsp;($612,000).

<h2>What happened in Gold Coast’s off the plan apartment market in March?</h2>

Data from <a href="/project-marketer/colliers">Colliers</a> released in March showed the average price for new <a href="/new-apartments/gold-coast-qld">Gold Coast</a> apartments has reached $1.6 million for the first time, indicating a significant increase from previous quarters.

While the number of new apartment sales in the December quarter was relatively low compared to previous years, the average price per apartment saw a notable increase.

Owner-occupiers accounted for 55 per cent of the sales in the quarter, reflecting a resurgence in this segment of buyers.&nbsp;

Read more:&nbsp;<a href="/news/qld/gold-coast-apartment-prices-hit-record-highs">Gold Coast apartment prices hit record highs</a>

March also saw developer <a href="/developers/aniko-group">Aniko Group</a>&nbsp;refine the masterplan for its flagship $2 billion mixed-use development, <a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">The Landmark</a> at <a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>.

They want to accommodate the "escalating demand for affordable luxury living in the beachside suburb by trying to target the rightsizing demographic."

They say it's a segment of the market that has been overlooked by developers in the Gold Coast’s prime beachside suburbs in recent years.

<img alt="The Landmark Mermaid Beach" data-entity-type="file" data-entity-uuid="3e2ec66f-8958-4880-a60f-0dbc7d8da751" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aniko%20Group%20The%20Landmark.png?VersionId=P0x49dGyCKGGigo_mGX_Qa_MHL50t5Rv" />

The amended development application seeks to increase the height of Tower 1 from 30 to 35 storeys, accommodating 240 apartments, up from the 170 currently approved, bringing the entire masterplan to a total of 891 apartments.&nbsp;

Last month also saw a record sale at&nbsp;<a href="/new-apartments/holm-rainbow-bay-44-50-eden-avenue-coolangatta">Holm Rainbow Bay</a>&nbsp;by <a href="/developers/chapter-two">Chapter Two Group</a>. They sold a two-level penthouse for $4.5 million to a Sydney buyer.

[smartcode_project:default project_id=109905 project_image_fid=209083]

Chapter Two Director Jon Quayle believed this transaction is the highest square metre rate achieved for a non-waterfront or front-row apartment in the sought-after enclave. The 246 sqm apartment represented an internal price per sqm of $24,590.

The penthouse will feature three bedrooms, two decks, and a rooftop terrace with outdoor dining and a spa.

Read more:&nbsp;<a href="/news/qld/rainbow-bay-penthouse-sold-for-record-price-per-sqm">Rainbow Bay penthouse sold for record price per sqm</a>

One of the northern Gold Coast’s most prolific developers, <a href="/developers/lewis-land-group">Lewis Land</a>, has fast-tracked the release of the first home collections within its <a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a> master-planned community in an attempt to meet the soaring demand in the <a href="/new-apartments/runaway-bay-qld-4216">Runaway Bay</a> catchment, one of the most undersupplied markets on the Gold Coast.

[smartcode_project:default project_id=113271 project_image_fid=214288]

Lewis Land Chief Executive Office Brett Draffen said Harbour Shores would deliver more than 2,000 dwellings to the Runaway Bay catchment over the next decade.

“The first residential releases at Harbour Shores will be launched on 15 April and includes a collection of waterfront villa residences, two mid-rise residential apartment buildings, and early delivery of the large community park,” Draffen said.&nbsp;

Read more:&nbsp;<a href="/news/qld/lewis-land-to-launch-harbour-shores-first-house-release-in-undersupplied-runaway-bay-catchment-area">Lewis Land to launch Harbour Shores first house release in undersupplied Runaway Bay catchment area</a>

&nbsp;

There were two new Gold Coast apartment developments that launched in March, targeting the luxury end of the market.

Family-owned builder developer Xsite Group has revived its plans for its recently launched luxury beachfront apartment tower, <a href="/new-apartments/arc-residences-northcliffe">Arc Residences</a>, on Surfers Paradise's most sought-after beachfront strip.

[smartcode_project:default project_id=111652 project_image_fid=257249]

The 25-level <a href="/architects/mpa-architects">Mosca Pserras Architects</a>-designed building will home 39 high-end half and full-floor three and four-bedroom apartments overlooking the popular Northcliffe Beach, which start from just shy of $4 million.&nbsp;

Two levels in the building have been reserved solely for resident amenities such as a beachfront pool, private dining facilities, work-from-home office space, a cinema room, designated dog wash, and a wellness hub with a gym, sauna and treatment room.

Developer&nbsp;<a href="/developers/ature-group">Ature Group</a>&nbsp;also launched their first&nbsp;Gold Coast high-rise tower,&nbsp;<a href="/new-apartments/sola-158-surf-parade-broadbeach">Sola</a>&nbsp;in Broadbeach. That will comprise just 20 full-floor apartments starting from $2.75 million.

Each 219 sqm apartment, which has private direct lift access, has three bedrooms, with the option to customise the space with the ability to add a fourth bedroom, office retreat or even a wine room.

[smartcode_project:default project_id=108324 project_image_fid=228359]

Building work got underway at&nbsp;<a href="/new-apartments/perspective-nexus">Perspective Nexus</a>, the new Palm Beach apartment development by&nbsp;<a href="/developers/sherpa-property-group">Sherpa</a>&nbsp;.

<a href="/builders/lps-group">LPS Group</a> will be constructing the new&nbsp;nine-level project will deliver a collection of 32 apartments, including two half-floor penthouses and three sky homes with private rooftops.

The construction start comes on the heels of Perspective Nexus achieving sales of over 50 per cent of apartments worth a total of $65 million, with Gold Coast locals having driven the majority of sales.

What happened in Gold Coast’s off the plan apartment market in March?

City Beat April 2024: Gold Coast unit market continues to outperform East Coast capital cities

The first residential development on The Spit in Main Beach is set to start its construction.

Tier one builder <a href="/builders/multiplex">Multiplex</a> will build the $300 million <a href="/new-apartments/the-mantaray-marina-residences-503-seaworld-drive-main-beach-queensland-4217">Mantaray Marina and Residence</a>&nbsp;which is being developed by Tim Gordon's&nbsp;<a href="/developers/gordon-corp">Gordon Corp</a>.

The project will home just 24 two, three, and four-bedroom apartments and villas designed by <a href="/architects/rothelowman">Rothelowman</a>.

[smartcode_project:default project_id=110018 project_image_fid=234908]

The project has already seen strong interest from local buyers, with two $12 million villas reportedly already sold to a <a href="/new-apartments/gold-coast-qld">Gold Coast</a> family during the pre-launch phase. Residences at The Mantaray start from $8.5 million, with penthouses priced at $14.4 million, targeting a discerning clientele seeking "access to a very private world."

The development boasts exclusive amenities, including a floating members-only lounge within the superyacht marina, a health and wellness club, a resort-style pool, and access to the private grounds of Rivermead Estate in the Gold Coast Hinterland.

[smartcode_project:default project_id=110018 project_image_fid=216339]

Mantaray Marina and Residence is also designed to achieve 'Platinum' Gold Anchor status for its 67-berth superyacht marina, offering long and short-term berth leasing, immediate ocean passage through the Gold Coast Seaway and year-round deep-water access, world-class marina operations, on-site security, and full-service concierge.

Additionally, the project's activated retail plaza will further enhance the area, creating a vibrant link between The Broadwater and the Pacific Ocean while providing access to top-tier restaurants and cafes.

The construction of Mantaray Marina and Residence is expected to generate over 200 jobs during its two-year construction phase.

[smartcode_project_cta:default project_id=110018]

The construction of Mantaray Marina and Residence is expected to generate over 200 jobs during its two-year construction phase

Gordon Corp to begin construction on Mantaray Marina and Residence

The Masthead Ocean Club luxury apartment project in Main Beach, which is being delivered by a member of the UK Royal Family, is in discussions with a high-profile builder who is expected to kick off construction at the end of 2024.

<a href="/new-apartments/masthead-ocean-club-3649-3651-main-beach-parade">Masthead Ocean Club</a>&nbsp;is the $280 million development that is being led by <a href="/developers/banda">Banda Property</a>, headed by Princess Beatrice’s husband Edo Mappeli Mozzi. Banda is working in a joint venture with local developer Rory O'Brien.

The project, which promises a "7-star home", sits on a 850 sqm block of land at&nbsp;3649-3651 Main Beach Parade, away from the beach near Southport Yacht Club.

[smartcode_project:default project_id=134759 project_image_fid=211824]

There will be just 28 apartments on offer, the majority of which will span a full floor and have just under 320 sqm of living space with interiors by <a href="/interior-designers/mim-design">Mim Design</a>. Two sub penthouses spanning 655 sqm, created by&nbsp;<a href="/architects/banda-design-studio">Banda Design</a>, will span two levels, while the 883 sqm penthouse will have four levels.

The two-level private members club will be located high up in the tower and will feature whisky and champagne bars, an onsite chef, a two-level wellness centre and gym with a spa, sauna and steam rooms, hot and cold plunge pools, comprehensive massage treatments and a yoga studio.&nbsp;

[smartcode_project:default project_id=134759 project_image_fid=211821]

&nbsp;

“When the concept of an extraordinary new development on North <a href="/developments/main-beach-qld-4217">Main Beach</a> presented itself, it was impossible not to snap up the opportunity to build on what is essentially the last and the best location in the area," Rory O'Brien said.

"We regard it as the last superior development site as it is surrounded by protected national parklands and of course, the beach, so there is no ability going forward, for any further large-scale developments, least of all to 40 storeys per our DA.

“We are in final talks with a very high-profile builder known for exceptional building standards – having regularly worked on the best projects Australia-wide, and we expect to make an announcement in the coming months before construction commences in Q4, 2024.”&nbsp;

Masthead Ocean Club is a short walk from the renowned <a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a> precinct nearby with a Yacht Club and Super-yacht Marina, plus high-end boutiques, award-winning seafood restaurants, waterfront bars and gourmet grocers.

[smartcode_project_cta:default project_id=134759]

Pre-sales at Gold Coasts’ most breathtaking new address in Main Beach have now launched

UK Royals "in talks with high-profile builder" for luxury Main Beach apartment project Masthead Ocean Club

Family-owned developers Andrews Projects has unveiled a $40 million penthouse collection within its Cascade development in Robina.

Following demand for luxurious three-bedroom apartments, Andrews Projects has amalgamated several apartments on the higher levels of the $270 million&nbsp;<a href="/developments/robina-qld-4226">Robina</a>&nbsp;apartment development&nbsp;to create the exclusive penthouse collection, resulting in only five residences per floor.&nbsp;

&nbsp;

[smartcode_project:default project_id=135618 project_image_fid=215795]

With prices ranging from $1.9 million to $2.2 million, the three-bedroom plus media penthouses are attracting local downsizers looking to live an easy luxurious lifestyle and interstate holidaymakers seeking a home away from home.&nbsp;

The family-sized penthouses feature Andrews’ signature floor-to-ceiling windows, a generous livable balcony, beautiful internal finishes including timber flooring, Caesarstone benchtops and Miele appliances with an integrated fridge/freezer included.&nbsp;

&nbsp;

[smartcode_project:default project_id=135618 project_image_fid=208698]

<a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a>&nbsp;residents will also have access to resort-style amenities including a 25m resort pool, a state-of-the-art gym, sauna, cold plunge and steam room.&nbsp;

A rare find on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>, a selection of penthouses will also include three side-by-side car spaces with basement storage.&nbsp;

<a href="/developers/andrews">Andrews Projects</a> Sales Manager Sarah Andrews said Cascade brings a new standard of elevated living to the suburb, which has traditionally had large family homes and smaller apartments.&nbsp;

[smartcode_project:default project_id=135618 project_image_fid=215796]

“We have had a lot of interest from local downsizers who love living in the Robina area but want to live a simpler life with less maintenance," Andrews says.

“The penthouses are also priced very attractively and as a result, we have also had a lot of interest from interstate investors who want a larger Gold Coast apartment for a holiday home, without the $3M+ plus price tag."

Cascade is currently under construction with completion due in late 2025. To date over 60 percent of the residences have already sold.

[smartcode_project_cta:default project_id=135618]

Cascade is currently under construction with completion due in late 2025. To date over 60 percent of the residences have already sold

Andrews Projects launches $40 million penthouse collection at Cascade Robina

Over the last two decades, Mosaic Property Group has grown from a construction firm focussing on large suburban blocks around 10 kilometres outside of Brisbane, to become one of, if not the most sought-after and trustworthy brand for buyers across the whole of South East Queensland.

<a href="/developers/mosaic-property-group">Mosaic</a> Founder Brook Monahan started the company in 2004 and it steadily progressed from suburban blocks to high-end homes and then into smaller unit complexes. They even partnered with the Queensland Government on some affordable housing projects their business was that diverse.

It was 2012 when the company rebranded with the intention of reaching a cross-section of the market that&nbsp;t was based on understanding what the consumer wanted and then being able to consistently deliver that across a long period of time.

Since then the company has delivered over $2 billion worth of apartments across the booming South East Queensland region, with a further $1 billion currently under construction.

We recently caught up with Brook to talk about Mosaic and how they've grown into one of the largest builder developers in the area.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/z01RgqOlEqk?si=uct5RW2J9Gzk8Tc5" title="YouTube video player" width="560"></iframe>

Monahan says that while the company has become known as a luxury brand in the marketplace, that's not what they set out to do.

"We set out to design and deliver product that the market responded well to, and that form and function was just as important as architecture and beauty, but most importantly that people knew we did things for the right reasons over the long term, and that the buyer that bought off us today would be another buyer in the future, and if it wasn't them it would be one of their family members or friends," Monahan said.

Monahan says they've always said they'll be a developer that responded to a larger cross-section of the market.

"We'll deliver projects now that are mostly suited to wealthy downsizers in luxury apartment markets, particularly on the coast, where apartment prices ranges might be between $5 million to $12 million which we couldn't have dreamt of 20 years ago, but then we've also got a diversity of product that will enable people to come and buy a two-bedroom, or two-bedroom plus MPR product in any of one of our markets that suits a different buyer demographic."

As for advice for off the plan buyers, Monahan says do your homework.

"If you don't understand the track record of the organisation, and I'd encourage that track record to relate to whatever it is the project they're now taking to the consumer.

"If you've got a developer, even if they've got a track record, is that track record reflective of the type of product that you're looking to buy off that developer, and if not, I would say proceed with caution in the current market.

For more information on Mosaic Property and what projects they're currently working on, visit their <a href="/developers/mosaic-property-group">Urban Profile here</a>.

Monahan says that while the company has become known as a luxury brand in the marketplace, that's not what they set out to do

Michael Bird

How Mosaic became one of the most trusted developers in South East Queensland: Five minutes with Brook Monahan

Arium, the new apartment development arm of Sunland's Abedian family, has rethought its plans for its prime Greenmount Beach Hotel site, one of the best undeveloped sites on the Southern Gold Coast.

It was 2021 when the Abedian family paid $42.3 million for the amalgamated 7,071 sqm block, bordering Marine Parade, Eden Avenue and Hill Street, before going into planning mode for the prime site which sits between Rainbow Beach and Greenmount Beach and offers never-to-be-built-out views over the sand.

In May 2023 Arium submitted plans for a 16-level tower with 54 apartments designed by Contreras Earl Architecture.

<img alt="Abedian" data-entity-type="file" data-entity-uuid="c278b11b-ef81-492c-96c2-2d9d0ef1df9c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.39.37%20pm.png?VersionId=lTJRLfOTlMtbcdNEkSs5GSpwyfK0hfLB" />The former plans by&nbsp;Contreras Earl Architecture.

But now Arium has filed new plans with the Gold Coast City Council, with 111 Design Studio proposing a complete redesign which has changed the scale and density of the project.

There will now be two towers, both 14 levels, two levels lower than what Arium had pitched nearly 12 months ago.

<img alt="Greenmount" data-entity-type="file" data-entity-uuid="f9639ad1-91e2-4639-a1e4-bbf0235ef359" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%208.58.10%20pm.png?VersionId=jTE197DZEUl2dzxPBT4sptPN6S9PoUCt" />The new plans by&nbsp;111 Design Studio.

Zone Planning Group wrote in their Planning Assessment that the decision to remove two levels was made to respond to the context of the area and the height of the Norfolk Island Pines trees on Greenmount Headland, as well as to be consistent with the neighbouring Rockpool development by Joe Adsett which is also 14 levels.

There will now be 63 apartments, 28 in tower one and 35 in tower two. The towers will be divided by a striking central entry area which will have water features and a lap pool in landscaping by Urbis.

<img alt="Abedian" data-entity-type="file" data-entity-uuid="072f55ca-f615-49c0-ae48-225ca6795b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.01.07%20pm.png?VersionId=0EzBdvU5TlDnUr3YFMNpFaNbnoEkRRtU" />

Each tower will have two, three and four-bedroom apartments. In total, there will be 15 two-bedroom apartments, 38 three-bed apartments, and 10 four-bedroom apartments.

Four of the 10 four-bedroom apartments will be the penthouses, each occupying half a floor and spanning two levels. They will have half of a rooftop which will feature a plunge pool in each corner of the building as it curves to overlook&nbsp;Marine Parade and the beaches. There's also a roof terrace, dining area and landscaped gardens.<img alt="Abedian" data-entity-type="file" data-entity-uuid="80f66d7d-0ca0-4140-9e66-2c2a99be7e64" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.01.39%20pm.png?VersionId=RkO7E4BKLz1kK0YLpQkdZavExT8ocGNT" />

The ground floor of Tower One will have a wellness centre, with four hot and cold plunge pools, a sauna, a steam room, a salt cave, and a central room labelled snow, an uncommon wellness feature which is a room "chilled to a perfect 14-degrees Fahrenheit and features actual snow flurries all year round."

The foot of tower two will home a pilates and yoga studio, a gym, a kid's play area, a function room and a meeting space.

There will be 145 resident&nbsp;car parking spaces and 10 visitor car parking spaces within two basement levels.

<img alt="Abedian" data-entity-type="file" data-entity-uuid="56f4cad5-bc85-423d-8b7c-b8c13bb8b872" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.19.39%20pm.png?VersionId=ZhXTWUzxkKtQdw96xJiqCnq7AGIoEvYA" />The prime site at 55 Eden Avenue.

Zone Planning Group said the development adopts a high-quality architectural appearance comprising a unique façade where extensive curved glass panels wrap around the balconies.

"The tower form also comprises of distinctive shape in which the tower floorplate increases in size up to Level 9 and then tapers in up to Level 14. The tower appearance consists of a fluid/rhythmic appearance to complement the natural/coastal setting of the site."

<img alt="Abedian" data-entity-type="file" data-entity-uuid="108a93cc-42a6-4d2f-bf46-b2bb01fda243" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.00.52%20pm.png?VersionId=wgG8uo299kfv1L_WFMNPVoEag4h9pWXH" />

The Abedian family shut up shop of Sunland Group in 2022, shedding its assets including its&nbsp;<a href="/developments/benowa-qld-4217">Benowa</a>&nbsp;retail. They recently completed the build of 272 Hedges Avenue which was their last residential development.

Sunland were behind some of the Gold Coast's most well-known buildings, including Palazzo Versace and Q1.

When telling shareholders Sunland was exiting the development game, the Abedian family always said they would run a private development company.

Arium is only using two of the three sites as part of this development. They advise a 2,934 sqm portion on the corner of Eden Avenue and Hill Street will be used for stage two of the project.

The Abedian family's new development arm, Arium, has filed new plans for the site at 55 Eden Avenue


First look exclusive: Abedian family completely redesign Greenmount Beach Hotel redevelopment in Coolangatta

The average price for a new Gold Coast apartment has topped $1.6 million for the first time as owner-occupiers swamped the market in the December quarter to snap up dwindling supply, research by Colliers has found

The number of new apartment sales in the three months to the end of December may be the second lowest of any quarter in the past three years, but the average price is 14.5 per cent higher than the previous record of $1.44 million in the September quarter of 2022 and 45 per cent up quarter on quarter from the $1.134 million average at the end of September last year.

<a href="/project-marketer/colliers">Colliers</a>’ latest <a href="/developments/gold-coast-qld">Gold Coast</a> Residential Market Report has revealed that just 236 new apartments were sold in the December quarter, just ahead of 211 sales in the June quarter and just over half the 470 sales recorded in the September quarter.

[smartcode_project:default project_id=113271 project_image_fid=247280]

Total sales of 1,205 new apartments for 2023 were down 13 per cent on the 1,389 sales recorded in 2022, and less than half the 2,492 apartments sold in 2021 at the peak of the national construction boom.

“The latest sales numbers reflect the ongoing challenges of meeting demand for new apartments on the Gold Coast,” said David Higgins, the Gold Coast Director Residential at Colliers. &nbsp;

“We are really seeing residential projects struggling now out of the ground, due to the massive increase in construction costs, making many projects just not feasible in current cycle.

“Sales volumes are lower while average prices have spiked higher as supply and variety of stock remains constrained. It’s causing a massive fluctuation of pricing in the market.

“The pricing is also reflected in a resurgence of owner-occupiers who accounted for 55 per cent of the sales over the quarter.”

[smartcode_project:default project_id=107928 project_image_fid=234153]

Broadbeach and Surfers Paradise dominated the market in both sales and supply over the 2023 calendar year, with the Gold Coast’s prime central suburbs accounting for about 70 per cent of total sales.&nbsp;

The Gold Coast Central precinct, which includes Southport-Labrador and stretches south to Burleigh Heads, remained the hotspot for development activity during the quarter with 20 of the 30 apartment projects available for sale located there.&nbsp;

There are just 1,489 apartments in total remaining for sale from these projects, out of a total of 4,471 that have been put to the market. &nbsp;&nbsp;

While Colliers forecasts that about 2,850 apartments will be completed on the Gold Coast in calendar 2024, this won’t do anything to ease supply constraints.&nbsp;

“The bulk of these apartments have already been presold over the past few years, so this will not help deliver additional supply,” Higgins added.

Colliers research also shows that low vacancy rates across the Gold Coast have helped drive median weekly apartment rental rates by 10 per cent over the year from $682 to $750 a week.

“Increasing rental yields reflect the substantial growth of the investment market across the Gold Coast new apartment market.&nbsp;

“The apartment market continues to be supported by local and interstate investors who are taking advantage of the strong yields.”

Broadbeach and Surfers Paradise dominated the market in both sales and supply over the 2023 calendar year, with the Gold Coast’s prime central suburbs accounting for about 70 per cent of total sales

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