Morris Property Group has lodged plans for a high-rise apartment tower on the northern edge of the Gold Coast’s Broadbeach, a project it hopes will tap into the demand for new beachfront apartments by interstate migrants.
The 38-storey project, planned for an amalgamated 1300sq m site at 13-15 Armrick Avenue, would be built across a vacant block and replace an ageing two-storey apartment block.
Morris Property Group, headed by Barry Morris, paid $8.8 million to put together the two titles in mid-2021.
The vacant block was sold with existing development approval for a 10-level building of 30 apartments.
The proposed 160-apartment development, designed by Canberra-based architects Guida Moseley Brown, will be targeted at local buyers as well as the interstate owner-occupier market.
The tower, to be known as Crest Broadbeach, will offer five two-bedroom apartments per floor between levels six and 32 and a mix of two- and three-bedroom apartments through to level 34.
The building’s top three floors will feature three three-bedroom apartments per floor.
A wellness centre, gymnasium, barbeque and dining area, and communal pool are planned for the top of the building’s podium on level five.
If realised, the development will be within 800m of the Broadbeach CBD, 1.8km from the Pacific Fair Shopping Centre and 1.9km from the Surfers Paradise CBD.
It will also be serviced by the Gold Coast Light Rail with the Florida Gardens Station 500m away.
The development will be the Morris Property Group’s eighth Broadbeach high-rise residential development.
Nearby, the developer has delivered Qube, a 40-storey, 200-apartment project, and Koko, a 31-storey development comprising 94 two-bedroom apartments and five three-bedroom, half-floor sub-penthouses.
Another development, Opus, comprising 113-apartments across 27-storeys is planned for a site on the opposite side of the bowls club from the proposed Armrick Ave tower.
The group is also developing Sandbar and Boardwalk at Burleigh Heads and Otto at Mermaid Beach, among other projects.
Nearby at 9-11 Armrick Avenue, Brisbane-based developer Turrisi Properties is pressing ahead with plans for a $100-million, 22-storey residential development at 9-11 Armrick Avenue before the Gold Coast City Council.
Prolific Sydney developer Iris Capital has also joined the Gold Coast property rush, lodging plans for a $800-million, two-tower project at Broadbeach’s Niecon Plaza site—the biggest project at Broadbeach since the completion of The Oracle apartments more than a decade ago.
It also has plans for a 38-storey apartment tower for a narrow 900sq m site at 73 Garfield Terrace in Surfers Paradise.
Gold Coast-based developer Leonard Steiner and joint venture partner Dimitri Katsimberis have lodged plans for a similarly scaled development on the corner of First Avenue and Surf Parade in Broadbeach comprising 46 apartments.
Meanwhile, Broadbeach Luxe Development, headed by director John Kubatov, recently launched its six-star, $160-million residential project at 2 Charles Avenue, comprising 28 apartments.
Sydney developer Macquarie Developments Group has also joined the fray, paying about $4.5 million for a 1200sq m corner block at 15 Rosewood Avenue. The site was sold with a permit for 186 apartments over 39 levels.
Article Source: www.theurbandeveloper.com