- 1 Park Lane will feature 197 apartments, and three two-storey penthouses
- The office tower will feature 12,000 sqm of office space
- The towers will be connected by a sky bridge at level 22
A development application to create a twin-tower residential and office building in Southport has been lodged to the Gold Coast City Council.
The $400 million project at 1 and 6 Park Lane will deliver towers of 100-storeys and 60 storeys high respectively. 1 Park Lane will be home to 197 apartments, with resort-style amenities and three two-storeys penthouses.
The 60-storey office build will feature 12,000 sqm of office space, and comes as the vacancy rate for offices continues to tighten.
A moulded base canopy three storeys high will connect the two towers over an open public realm. A sky bridge will also be built at level 22.
The sky bridge will offer landscaped areas along with a restaurant, function space and bar.
A syndicate of private investors are backing the project. They include developer Baracon, Melbourne-based funds manager Payton Group, leading Australian architect BKK, town planner Urbis and engineering consultancy Van der Meer.
Simon Knott, the Project Architect, expects 1 Park Lane to inspire a range of developments in Southport.
“This is an exciting project that will capture the imagination of the occupants, the wider community, and the industry more broadly. We are delighted to have the opportunity to be involved,” said Mr Knott.
“Southport has been primed for a development like this for some time. It has everything going for it, but with so many dormant sites in the CBD it has been a sleeping giant for too long. This development will activate a site that has been underutilised for years.
Simon Knott, Project Architect
“The 1 Park Lane proposal will bring to the market a broad range of apartments that will have direct access to extensive public amenities in the area, including the light rail, Australia Fair shopping centre and access to CBD facilities and the Broadwater Parklands.
“Our consultant team’s research also shows that the office tower will be a significant driver of economic activity in its own right.”
The office tower is expected to accommodate up to 500 employees and 580 residents in the main tower. 1,000 jobs are expected to be created during the construction phase.
“The 1 Park Lane development brings to Southport a people-focused design that will bring to life an area of the CBD that is totally underutilised at present,” added Mr Knott.
“Not only are we designing a new Gold Coast benchmark, but we are also creating a new public domain that is very much needed in the area.”
Gold Coast Councillor Brooke Patterson, who serves Division 6 which is where the project will be built, said she hopes Southport becomes recognised as being the city’s growth corridor.
“The 1 Park Lane team seem to have embraced this in their submission which our planning officers will now assess,” said Councillor Patterson.