- Niecon Developments, founded by the Nikiforides family, has revealed $300M project pipeline
- Mermaid Beach's Ventura Residences to be completed in May, with more developments to be announced soon
- Company now led by third generation of Nikiforides, who say they are committed to keeping family traditions alive
Niecon Developments, founded by Queensland’s prominent Nikiforides family, has unveiled their latest Gold Coast project pipeline worth $300 million.
The family-operated business has been largely influential in the Gold Coast development space, behind the $850 million The Oracle and Niecon Plaza at Broadbeach.
The family’s third generation is now at the helm of Niecon Developments, led by William, John and James Nikiforides. The trio say the company is gearing up for what they’ve termed the “golden age” for South-East Queensland ahead of the 2032 Olympics, set to deliver several new developments to the region.
Since Niecon Developments was founded by father-and-son duo Bill and Con Nikiforides, the company has racked up a portfolio of completed and upcoming projects worth $1.68 billion.
Ventura Residences on track for completion, with more to follow
Among the projects in Niecon’s current pipeline is Ventura Residences at Mermaid Beach. The boutique development features 47 premium residences, including two double-storey park-facing villas.
Scheduled for completion in March, buyers will soon be able to enjoy the rich amenities on offer including an exclusive resident’s recreational terrace and lounge, suspended waterfall edge pool and sun deck, al fresco dining area, Zen garden and functional gymnasium.
According to Niecon Developments, the development has proved most popular with owner-occupiers thus far.
With Ventura Residences’ completion fast approaching, Niecon Developments is said to be gearing up for the announcement of further projects across the city.
Managing Director William Nikiforides said the company’s vision remains firmly aligned with the transformation Gold Coast is set to undergo in the coming decade.
“The Gold Coast is a city that embraces change and that has been a constant for as long as we can remember.”
William Nikiforides, Niecon Developments
He added that while the company expands, its focus also remains on ensuring Gold Coast remains a strong and welcoming community and a place where people love to live.
“The next decade is likely to be the most significant in the Gold Coast’s history and one that will shape the city’s future for decades to come,” he added.
Bill Nikiforides founded The Nikiforides Group in Canberra in 1969, before relocating to the Gold Coast in 1978 where he established Niecon Developments with his son Con.
The group has been behind several big-ticket Gold Coast developments in the past 25 years, now with the third generation at the head of the table.
The Nikiforides brothers say they are committed to maintaining the family tradition, by building on a “living legacy of iconic developments.”
“As a family company, we stand proud on our record of creating architectural gems that have become Gold Coast landmarks, and my brothers and I are looking forward to continuing the tradition that began with our grandfather and father,” said William Nikiforides.
“Together we’ve grown up in the industry and learned from some of the best, and it’s our passion to build on their legacy.”
He added that the brothers believe we’re on the cusp of a new golden era for the Gold Coast, a position that needs to be managed thoughtfully.
“At Niecon, this always starts with community, family and a deep level of consideration and connection to people and place. As a developer, we endeavour to go beyond architectural form and function and that’s what will continue to drive us into the future,” Mr Nikiforides concluded.