- Macquarie York has almost sold out their Allure development on Chevron Island
- Popular Serenity Reserve development enters its third phase
- Beckdev beats the competition to acquire an historical residential land site
Hardly a day goes by without news of a new apartment development going up, or selling fast, on the Gold Coast. Here are just a few from this week…
Macquarie York success leads to eyeing out new opportunities
Sydney-based developer Macquarie York has almost sold out its entire $76 million Allure development on Chevron Island, with the success of its debut Gold Coast project giving the company an appetite for new opportunities in the city.
The project delivered two-bedroom apartments starting from $495,950, which have proven popular with a broad range of buyers, including downsizers.
The highest price paid was $2.445 million for an upper-level luxury apartment, demonstrating the strength of the Chevron Island market for luxury apartments.
“Although Allure attracted a diverse range of buyers, the project attracted a big share of locals, especially downsizers who were drawn by Chevron Island a lifestyle location in its own right,” said Roy Scaf, Macquarie York’s founder.
“Our next development will take a different approach through a more luxe offering. What this shows is demand for a diversity of residences across the Gold Coast and we’re open to explore this further with future projects.”
The rising strength of the local market attracted the company to the Gold Coast, with Allure providing a successful debut into quality developments in prime locations.
“We’re confident of achieving a sell-out of Allure in the next couple of months and completing construction early next year, ready for our first residents to move in.”
Construction of Allure began in October last year. Macquarie York is poised to officially launch its newest Gold Coast project at Palm Beach soon.
Serenity Reserve enters its third phase
The third phase of the Serenity 4212 project, Serenity Reserve, has amassed a swarm of buyers after its first month on the market, with over 50 of the available 69 luxury townhomes already sold.
The Serenity Project is a joint venture between Keylin and Kinstone Group, and is one of the largest waterfront projects currently underway in the Gold Coast. It has already generated over $148 million in sales since the launch of its first stage last year.
Keylin’s director Louis Cheung said that the unique blend of natural tranquil surroundings with the thoughtfully designed modern amenities of the Serenity Reserve townhomes positions them as a truly unique product on the market.
“We deliberately designed Serenity Reserve so that residents could enjoy the feel of being immersed in nature without having to compromise on location or amenity,” said Mr Cheung.
“There is an incredibly high demand for 4-bedroom townhomes on the Gold Coast at the moment, with a real lack of stock to match it.
“The Serenity Reserve townhomes have hit the market with impeccable timing to satiate the growing hunger for 4-bedroom living with the added touch of a luxurious lifestyle to accompany it.”
The uptake of Serenity Reserve sales comes off the back of successful sell outs of Serenity 4212’s first two stages – Serenity Waters and Serenity Green – which seized a wave of demand for premium waterfront living with first-class amenities.
Beckdev planning tribute to forgotten history
Developer Beckdev has beaten strong competition to acquire a landmark residential project site at Coolangatta.
The property comprises two lots totalling 2355sqm, with the former Jazzland building occupying just one of the lots, and the other used as a car park.
Beckdev was among six local and interstate buyers vying for the property through an expressions of interest campaign that closed on April 14. The purchase price has not been disclosed.
The developer has now given Gold Coast design firm BDA Architects a brief to create an architectural innovative design for the high-profile site that they claim will be sympathetic to the nostalgia and history of the location.
Jazzland, which at one stage was known as Jazzland Dance Palais, was one of many jazz halls that popped up in Coolangatta in the late 1930s.
Jazzland officially closed in 1951 and its history and building lost to successive commercial and retail tenants for three generations since.
“This site holds an important part of the history of Coolangatta and our final design will reflect that,” says Beckdev director Ben Beck.
“Our connection to the past underpins our sense of community, so it’s our intention to restore, re-use and recreate this unique social heritage to ensure the façade and dance floor live on in some form.”
“We’re now working closely with BDA’s architects to ensure this project is welcomed by the local community for an innovative design that also pays tribute to a long-forgotten part of our history that delighted so many generations before us.”