- 50 residential projects are currently under development on the Gold Coast
- 2 more are under way, with a 26-storey tower for Mermaid Beach
- Plus a $800M twin tower for Broadbeach offering 333 more
With 50 residential developments currently under construction across the Gold Coast, and a property boom pushing up demand and prices, it comes as no surprise to learn of two more projects in the planning stage.
26-storey tower for Mermaid Beach
Melbourne based-developers Hirsch and Faigen have lodged plans with the council for 146 luxury apartments set within a 26-storey tower.
In a precinct adjoining some of the city’s most expensive real estate lining Hedges Avenue, together with architects Rothelowman, the development will provide uninterrupted, panoramic views from the ocean to the hinterland.
A range of one-, two- and three-bedroom floorplans, including a sub-penthouse and penthouse floor will be offered.
“We have carefully selected this site to deliver a high-quality residential offering in a very central pocket wedged between Hedges Avenue and Broadbeach, which we will deiver to market on receipt of council approval,” said Hirsch & Faigen director Richard Hirsch.
“Mermaid Beach will mark our third project on the Gold Coast which we believe has a tremendous future and is incredibly undervalued.
“We are currently working on the design plans and looking to bring something very special to the precinct.”
Richard Hirsch, director, Hirsch & Faigen
$800M twin tower for Broadbeach
Iris Capital, one of Australia’s largest privately-owned property and hospitality groups, has announced plans for a new $800 million residential and commercial project in the heart of Broadbeach.
Plans have been unveiled for a mixed-use development on the site of the Niecon Plaza which the company acquired for $58 million earlier this year.
The project, known as Victoria & Albert Broadbeach (V&A Broadbeach), will feature two premium residential towers supported by a major office and retail offering that spans Victoria Avenue and Albert Street.
“The opportunity to purchase the Broadbeach site was not taken lightly and is in line with what we have been looking for – a multi-faceted, mixed-use project with ground-floor activation that complements the vertical village we are proposing.”
Sam Arnaout, founder and CEO, Iris Capital
It will be one of the most significant new developments for Broadbeach since The Oracle project was completed over a decade ago by the Gold Coast’s prominent Nikiforides family, the original developers of Niecon Plaza.
The east tower, to be named The Albert, will comprise 114 residences and the west tower, The Victoria, will comprise 219 residences.
Broadbeach is among the Gold Coast’s biggest development hotspots, led by the $2 billion master plan for The Star Gold Coast casino site, the light rail extension and the recent $670 million expansion of Pacific Fair that has cemented its position as Australia’s fifth-largest shopping centre.