- Various Gold Coast projects are in development, some have already sold out
- Developers include those from Melbourne, with half the sales from out of state
- A mixed-use Sunshine Coast development is also in the planning stages
Ignite Project’s confidence in the South-East Queensland market has seen its $80 million Cabana Palm Beach project sell-out, with Hutchinson Builders starting construction on the beachfront project this week.
Ignite Projects Managing Director Josh Foote said the developer “made the tough but right call” by pressing ahead with plans despite the Covid-19 pandemic.
“The market was really uncertain, in fact the whole word was uncertain, but we knew we had a gem of a site and our design concept would be spot on – we just had to hold our nerve.”
Josh Foote, Ignite Projects
“While some areas in Australia were battling Covid-19, Queensland was dodging the bullets and we realised there was huge potential for us if we maintained our course.
“We decide to expedite the design process and lodge a Development Approval so we could go to market in time for the Christmas holidays and tap into the potential tourist influx if Queensland remained a safe zone.”
South-East Queensland was the location everyone seemed to want to visit, move to or create a bolt hole they could escape to once the pandemic restrictions were eased. 50% of buyers were from out of state.
Ignite Projects is behind a trio of successful Gold Coast developments – with Cabana following in the footsteps of Periscope Palm Beach, another beachfront success story which was completed in 2019.
Further north, The Monaco at Main Beach, which offers buyers the unique opportunity of customisation, will start construction soon, with more than 50 per cent of the building’s 24 half and full floor sky residences now sold.
SOL Kirra Beach
Meanwhile, Marquee Development Partners has been bombarded with hundreds of enquiries after taking the wraps off their new project set for the Kirra headland, also on the Gold Coast.
‘SOL Kirra Beach’ has only just received development approval but has been smashed with more than 1600 inquiries ahead of its projected June 26 launch.
SOL will be a boutique building of 46 apartments across 11 levels, providing 2 bedroom + multi-purpose room, 3-bedroom and 4-bedroom apartments and penthouses.
Armrick Avenue, Broadbeach
Plans for a 22-level collection of Broadbeach coastal residences have been lodged with Gold Coast council.
The 9-11 Armrick Avenue project is the first foray on the Gold Coast for the family-owned and multi-award-winning Brisbane-based developer Turrisi Properties, which will be made up of 81 residences.
Established in 2000, Turrisi Properties founder and managing director Gaetano Turrisi have delivered more than 6,000 residential land lots and residences to South-East Queensland in the last 35 years, worth in excess of $2 billion.
“We are passionate about the development of the highest quality bespoke residences in Southeast Queensland and excited to be bringing our design standard to the Gold Coast,” said Turrisi Properties managing director, Gaetano Turrisi.
“As our debut project on the Gold Coast, this is an opportunity for us to enhance one of the world’s most famous beachfront skylines and we have not made any compromises in crafting a well-designed residential tower with liveability as the top priority.”
Mermaid Beach site acquired
Melbourne-based developer Hirsch & Faigen has acquired a site at Mermaid Beach for its second Gold Coast development venture.
The development site at 7-9 Mermaid Avenue spans more than 1900sqm, and there are plans for a 24-storey luxury tower comprising 130 apartments. Architectural firm Rothelowman is due to lodge designs for development approval in the coming weeks.
Caloundra, Sunshine Coast
Proving that the Sunshine Coast will not miss out on all the fun, Henzell Property Group is looking to create a mixed-use development up at Caloundra.
The staged development will combine high-end retail and dining at street level with modern residences dedicated to owner-occupiers above.
The 6177sqm site, straddling Bulcock Street and Omrah Avenue, is currently occupied by the Suncourt Motel and comprises a large tract of vacant land that Henzell Property Group says offers a unique opportunity to create a new entry statement for central Caloundra.
“We have had our eye on this property for some time, so what we have planned has been carefully considered. We feel this site, with the correct product mix, will be one of the most exciting launches that the Sunshine Coast will see in 2021.”
Marcus Muir, Henzell Property Group
“This development will combine luxurious residences offering exceptional views within an entertainment precinct that will attract high-end lifestyle operators locally and from across Queensland.
“We have already commenced discussions with a number of dining & retail operators and there are many more who have yet to move to the Coast as they have been waiting for the perfect location.”
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