This article is from the Australian Property Journal archive
MELBOURNE-based developer Hirsch & Faigen is nearing a sellout at its $350 million debut Gold Coast projects, with two projects nearing completions and construction under way at a third.
Hirsch & Faigen’s $75 million Hemingway Palm Beach has now sold out, with just a penthouse available at its $75 million Emerson Kirra development and the most recent Gold Coast project, the $200 million Yves Mermaid Beach, 90% sold.
All three developments are currently under construction by Hutchinson Builders, with both Hemingway and Emerson topped out and approaching completion.
“When we entered the Gold Coast market with our first project in early 2021, we did so with a great deal of confidence that we could replicate the quality we are renowned for in Melbourne on the Gold Coast, but with that distinctive coastal style that buyers in the region expect,” said Daniel Faigen, director at Hirsch & Faigen.
“With our debut development Hemingway Palm Beach selling rapidly, our faith in the Gold Coast was further affirmed by the success of Emerson and Yves. We have been especially proud that apartment buyers have recognised our reputation for project delivery, which has helped drive our sales success across all three projects.”
The full-floor penthouse remaining at Emerson Kirra sits atop the 13-level residential tower’s 26 half-floor apartments and is priced at $10 million.
While Yves Mermaid Beach comprises a total of 146-apartments over 25-levels, has just seven residences left comprising five two-bedroom apartments and two penthouses.
“Yves is still generating strong interest from a broad range of buyers looking for the lifestyle afforded by this exclusive pocket of Mermaid Beach, just a stroll away from Pacific Fair and the Broadbeach entertainment precinct,” said Matt George, sales director at Hirsch & Faigen.
“We’ve witnessed strong sales from southerners who are seeking generous living spaces where they can be host to visiting family. Whereas, on the other end of the scale, we’ve been inundated by sales from local buyers who are looking to downsize from a house to an apartment, without compromising the Gold Coast lifestyle they love.”
Apartments at Yves are priced from $1.05 million to $1.3 million, with the penthouses priced from $5 million to $6.5 million.
“Given the rapid pace with which apartments have been purchased to date, we expect the remaining apartments to sell out this year,” added George.
