- Aniko announces latest development approval for series of Hope Island properties
- The project will see the construction of 177 apartments across two buildings
- Hope Island has seen relatively steady property price growth in the past few years
More success on Hope Island seems to be on the horizon for Aniko Group after their $145 million waterfront residential project received the green light.
The now-approved development plan for Athena Quays will see the addition of 177 apartments across two buildings at 10-12 Sickle Avenue.
This latest venture neighbours Aniko Group’s $125 million Athena Residences project which is currently under construction and almost sold out with only a handful of residences still on the market. Also nearby is the Gold Coast developer’s sold out $140 million No.1 Grant Avenue project which saw 95% of apartments snapped up in five months last year.
Typical of Aniko’s developments, Athena Quays will comprise two towers. The first will offer 90 premium apartments across its eight floors and the second comprising of 87.
Aniko managing director George Mastrocostas believes interest in previous hope island developments will overflow to Athena Quays.
“A number of buyers who missed out on our earlier development Athena Residences have already indicated their interest in buying into Athena Quays,” Mr Mastrocostas said.
“The Hope Island market continues to be in high demand among buyers looking for luxurious waterfront residences without the huge premiums found in beachside locations.”
George Mastrocostas, Aniko Managing Director
Surrounding the two buildings will be open space and greenery which will cover about 60% of the site. A limited supply of private marina berths will be on offer to residences.
Other amenities include a recreation club with a resort-style swimming pool, yoga and pilates hall, sun lounges and barbecue area and a fully equipped gym.
“Athena Quays is designed to offer the best of Hope Island’s relaxed waterfront lifestyle without the need to venture too far from home,” said Mr Mastracostas.
“Building on the success of Athena Residences, we have incorporated many of the design elements in Athena Quays that have resonated with buyers to meet the continued demand for beautiful and spacious waterfront apartments in this popular residential precinct.”
Hope Island reportedly attracts both interstate and local buyers with particular interest from local downsizers.
SQM data reveals a relatively steady increase in asking prices for Hope Island properties in the past few years, as shown below.
Aniko Group is expected to release more information on the Athena Quay offerings in the coming months.