This article is from the Australian Property Journal archive
GOLD Coast tower Marine Quarter will begin construction this June after developer Buildcap appointed GCB Constructions for the $72 million project.
About 2,500 jobs will be created over the two year construction life cycle.
At 28 storeys, Marine Quarter will become the tallest under-construction building in the region’s north, and is the only Broadwater Parklands development to be built on the Gold Coast and the only approved development on the eastern side of the Marine Parade.
The project will be home to 106 one, two and three-bedroom residences designed by WallaceBrice Architecture.
Buildcap managing director Stuart Biggs said the construction of Marine Quarter signifies a vote of confidence in not only Southport but the wider Gold Coast property market.
Recent Urbis research showed population growth across the suburb of Southport is forecast to be a strong 2.8% per annum over 25 years.
Marine Quarter is slated for completion in the second quarter of 2022, with 70% of apartments already sold. The development will have ground-level amenities, retail and hospitality offerings, and an infinity pool, gym and outdoor gardens. Prices for Marine Quarter start at $408,000.
The project is the first collaboration between Buildcap and local family owned business GCB Constructions.
