This article is from the Australian Property Journal archive
SPG Land is set to open the largest sales centre in the southern hemisphere as it gears up for the launch of its $800 million Paradiso Place development at Surfers Paradise.
The 1.15-hectare parcel on Ferny Avenue will be making way for 792 residences across three towers rising 38, 40 and 42 storeys, which will be grounded almost 150,000 sqm of retail, amenities, and residential living.
The launch will follow the December completion of the $4 million Paradiso Place sales gallery that will span 750 sqm.
Each tower will have its own podium level interconnected by walkways, with each podium offering separate resort amenities, and each tower will have its own dedicated sky lounge occupying the 26th level, each with customised amenities.
A ground-level retail plaza will feature signature retailers and food and beverage operators.
A circular infinity lagoon pool on the podium level will host the communal space for the development and be connected via link bridges to the other towers, while in a first for the Gold Coast, the project will also deliver a suspended glass-bottom pool that will offer residents swimming with a clear view to street level 26 storeys below.
SPG Land chairman David Wang said Paradiso Place is strategically located between the Marriott Hotel, main beach and the traditional Surfers Paradise beachfront areas.
“We are looking to create a new destination that will provide a much-needed link that effectively becomes an extension of all that makes Surfers Paradise and the Gold Coast renowned for.”
“The Gold Coast is evolving at a remarkable rate in terms of population growth and popularity, and we anticipate this evolution to skyrocket once borders are reopened.”
All apartments will offer ocean views, accompanied by sub-tropical landscaping.
“Each of our towers has been crafted to embrace unique features of different life stages – be it downsizing, raising a family, or seeking a dynamic and social environment to become immersed in,” Alex McMahon, director of sales and marketing said.
“With a severe shortage of supply in the market, we expect all apartments will be snapped up within months of release.”
With the Gold Coast continuing to draw in buyers and investors, the city’s supply of new apartments recently reached a seven-year low, after leading the nation in total migration.
Royale Gold Coast has pulled in $150 million in sales within the first 10 weeks of launching, while spurred by the market run BeckDev has recently lodged a development application for a $130 million residential tower at Coolangatta, and Melbourne-based Little Projects revealed plans a second luxury apartment development in Broadbeach.
Apartment prices at Paradiso Place will start from $550,000 for a one-bedroom apartment, and $760,000 for a two-bedroom apartment.
