This article is from the Australian Property Journal archive
NEARLY 800 apartments across three towers have been mooted in Surfers Paradise, after plans were lodged by international developer SPG Land and local group Gordon Corp for an $800 million project.
If successful, the joint venture’s plans would be one of the largest residential resort projects undertaken on the Gold Coast. The development would reshape a 1.15 hectare block in the heart of the Gold Coast tourism precinct, bounded by Ferny Avenue, Surfers Paradise Boulevard, Pandanus Avenue and Ocean Avenue near the Surfers Paradise North light rail station, and introduce a new ground-level retail and dining plaza and open public spaces.
In a first for the Gold Coast, the project will also deliver a suspended glass-bottom lap pool that will offer residents freestyle swimming with a clear view to street level 26 storeys below.
The three towers would each be targeting specific demographics. Tower 1, at the heart of the project, has been designed with a “dynamic, social and youthful theme”, according to the developers. All residents would have access to the tower’s main pool and a separate lounge pool with a pool bar and all-day dining facilities, VIP dining area, a day-care centre, a barbecue area and a resident’s gym and yoga garden with the sky lounge featuring co-working spaces, bar, indoor and outdoor seating lounge, and an interactive sky gym.
Tower 2 would be suited to families and will have its own indoor and outdoor kids’ zone, while the sky lounge will boast a sky gym, plus yoga and spa facilities. The third tower would “deliver a level of luxury and sophistication sought by the mature lifestyle buyer”. Its podium will feature a café, breakfast and dining terraces, a library and meeting rooms, while the sky lounge will feature the city’s first suspended lap pool, a cigar lounge and wine bar.
The focal point for residents will be a unique circular infinity lagoon pool on the podium level which will host the signature communal space for the development.
The three towers would rise 38, 40 and 42 storeys, and bring to the market a total of 792 apartments and 1,713 sqm of indoor retail space, along with 902 underground parking and 28 on-grade parking spaces.
Podium levels in each tower will be interconnected by walkways and offer separate resort amenities, and the towers will boast their own dedicated sky lounges occupying the entire 26th level, each with customised amenities.
Penthouse owners will have the added exclusivity of access to their own private rooftop gardens and recreation areas.
SPG Land chairman David Wang described the proposed Surfers Paradise development as a flagship project for the company that will create a sought-after destination in the city’s traditional tourism heart.
“This is a transformational development, not only for Surfers Paradise but for the Gold Coast more broadly.”
“Our development is not only destined to be an exciting new residential address, but a new public space that everyone can enjoy whether they’re taking a shortcut to the beach or settling in with friends in the plaza for a morning coffee or an alfresco lunch.”
SPG Land’s joint venture partnership with local developer Tim Gordon’s Gordon Corp marks a strengthening of the relationship between the companies which has grown over a number of years and is poised to jointly develop more projects in the near future.
“This will be a landmark project for the Gold Coast that will be an internationally recognised destination,” Tim Gordon of Gordon Corp said.
SPG Land was founded in Australia in 1998 and has delivered 56 projects in the Asia-Pacific region over the past 23 years. Among its developments is the US$857 million The Peninsula Hotel Shanghai, which opened in stages from 2009, and the Global 188 twin-tower project in Suzhou.
On the Gold Coast, the company has undertaken the $162 million Cambridge Residences at Robina comprising 386 apartments across four towers.
The SPG Land and Gordon Corp joint-venture has appointed Gold Coast-based Eastview Australia as project manager to oversee construction of the development. Architects Rothelowman and landscape firm Form produced the design.
The development is expected to be officially launched in the fourth quarter of this year.
Gordon Corporation is planning a $94 million luxury apartment development at the proposed Southport Spit site. Its proposal for the Village Centre South project is part of the Queensland state government’s The Spit Master Plan. The development will include 47 apartments, retail and public spaces, as well as a 53-berth marina that includes three superyacht berths.
In May, another joint venture, between Sammut Developments and Alceon recently revealed plans to deliver a $200 million apartment project on Surfers Paradise that will comprise a 35 level luxury residential site at 43 Garfield Terrace beachfront, with views that will never be built out.
