This article is from the Australian Property Journal archive
A NEW 15-level apartment tower taking its cues from New York’s Flatiron building is set to rise from a 1,211 sqm site on Chevron Island at Surfers Paradise.
Brisbane-based developer Ention Properties acquired the Gold Coast site at 3 Aruma Street and 30 Anembo Street for $3.35 million through Colliers’ Jason Dao.
The site had an existing approval in place for 48 units over nine levels, but Ention Properties has proposed a 15-level tower to be called Greenwich. Designed by Ferro Chow Architects, the plans feature distinctive arched floor-to-ceiling windows.
The new proposal complies with the town plan for the area and opts for a reduction in the number of apartments but increased building height to amplify space and natural light.
Dao said the Gold Coast has seen unprecedented demand for development sites.
“Ention Properties had been looking in the Gold Coast area for a while and jumped on the opportunity when they saw this site was available.”
The supply of new apartments on the Gold Coast hit a seven-year low this year amid huge owner occupier demand, with the central Gold Coast precinct, from Labrador to Broadbeach, remaining the most active in accounting for more than half the total sales on the Gold Coast in the June quarter.
“The site’s unique position has everything close with a park directly in front, access to the Nerang River and only a short walk across the new footbridge to HOTA (Home of the Arts) as well as the Chevron Island village centre,” Dao said.
The tower will look over Korman Family Park.
“As the project has evolved our discussion always came back to two things, a New York/arts vibe located across from a beautiful leafy green park and the sophisticated architectural facade elevating the Gold Coast to a mature city,” Ention founding co-director Trent Thoroughgood said.
Ention founding co-director Dion Smith said the proximity of the project to Gold Coast’s Home of The Arts made it the “perfect fit to capture a distinctly artsy character, set mere moments from the city’s art capital”.
