This article is from the Australian Property Journal archive
CHEVRON Island’s latest major residential project has been unveiled, with private consortium Bastion revealing plans for a $140 million luxury tower.
“Nera”, located in the heart of Chevron Island at 8-10 Parneno Street, will deliver a collection of 87 residences.
Bastion is made up by a private consortium of national and expat developers. This will be the company’s first of a number of projects on the Gold Coast after it acquired another site in Surfers Paradise for a future apartment project.
“The location of Nera is strategic, offering residents the unique blend of Chevron Island’s intimate village atmosphere and close proximity to the Gold Coast’s bustling hotspots like HOTA, Surfers Paradise, and dining precincts,” said one of the developers in Bastion, Alex Wood.
“Nera isn’t just another residential project, it’s a statement and a testament to the evolving tastes and preferences of those seeking a premium living space and will represent a community that cherishes the finer aspects of life,” he said.
ONE:PM’s Alex De Vincentiis, the appointed sales agent for the project, Bastion had revisited and re-envisioned the project, tailoring it to meet the current market demands and buyer needs.
Nera residents will have access to rooftop amenities, including an infinity pool, wellness spa, top-tier fitness centre, exclusive dining area, sky lounges with fire pits, and a dedicated yoga platform.
Plus Architecture has been engaged to design the project.
“We’ve worked closely with Plus Architecture to curate spaces that seamlessly blend opulence with functionality, ensuring that every resident feels a sense of exclusivity and luxury in their daily lives,” Wood said.
The DA-approved project is currently going through a minor revision with council and is set to be released to market in the new year.
Urbis data shows there were 470 apartment sales along the glitter strip in the September quarter, well above the 200 registered in the three months prior, showing demand for apartments in the city has not diminished since the boom times brought about by COVID.
Elsewhere on Chevron Island, Aniko Group is set to break ground on its $150 million project, Orama, with nearly $100 million in unconditional sales already achieved, while acquisitive developer Sherpa has just snapped up a 1,710 sqm site on Stanhill Drive for a future residential development.
