Gold Coast apartment developments completing construction…
Completion dates can be the overarching factor in a prospective buyer’s decision to buy or not
Alison Warters 30 January 20230 min read
Nothing breeds confidence in the off-plan property market like firm construction timelines.
Completion dates can be the overarching factor in a prospective buyer’s decision to buy or not.
In the off-plan buying journey, most buyers have an idea of when they want their new property to be ready, and will base the timelines on their current living situation around that.
A number of projects on the Gold Coast are at the development application stage, and there are a number that have been approved but are awaiting two factors; market conditions change to become slightly more favorable based on their product mix, and construction costs to drop a little further before they announce they are on the market.
We’ve rounded up the top condo projects currently targeting a 2024 completion date.
Project: Orama
Location: Chevron Island
Developer: Aniko Group
Promionent developers Aniko have branched out from Hope Island, and are taking to the burgeoning Chevron Island for their latest development.
Orama will rise 21 levels at 12-16 Weemala Street, conveniently located just off Thomas Drive, the retail, food and cafe hub that dissects the island.
The site is also located on the sought-after eastern side of Chevron Island, making it just a short 950 meter walk across the bridge to the heart of Surfers Paradise.
102 apartments will be built within the tower, which Aniko says will be completed by late 2024.
Six residences will take up space across each floor, with the lower levels featuring two-bed, two-bath configurations, while the upper levels will feature three-bedroom lofts and two penthouses.
Plus Architecture designed the tower, which will feature an expansive rooftop recreation area overlooking Surfers Paradise.
The entire 21st level will house a lap pool and spa with 180-degree ocean views, a gym with a sauna and a yoga space, and a business lounge with private offices, cubicles and a boardroom.
Read more: Aniko launches Orama Apartments on Chevron Island
Read more: “Creating a sense of community”: Rooftop terrace to bring Orama, Chevron Island residents together
Project: Cascade
Place: Robina
Developer: Andrews Projects
The Danny Andrews-led Andrews Projects has seen strong interest from buyers since launching their Robina project Cascade on the market.
The group has secured $125 million in pre-sales at the $250 million 116 Lavar Drive project, with its desirable location in the heart of the master-planned suburb a major draw.
Two 15-storey boutique towers will be built across the site, offering a mix of two- and three-bedroom apartments, as well as an exclusive collection of three-bedroom penthouses.
The residences will feature large open-plan kitchens, living and dining areas, along with full-height double-glazed windows, Miele appliances, Caesarstone benches and fully ducted air conditioning.
A 25 meter magnesium pool, gymnasium, spa pool and sauna form part of the state-of-the-art wellness center to be offered in Cascade, while spacious landscaping complements the lush common areas that include an amphitheater and private poolside cabanas. .
Cascade is also planning for a late 2024 completion date, with a number of two- and three-bedroom floor plans remaining.
Read more: Andrews Projects Launches Cascade, Robina Apartments, Earns $125M in Presales
Project: Yves
Location: Mermaid Beach
Developer: Hirsch & Faigen
Hirsch & Faigen’s $200 million Yves will complete construction in August next year.
Consisting of 145 luxury residences, all of the one-beds in the Mermaid Beach development have been sold, with only two- and three-bedroom apartments remaining, in addition to the remaining semi- and full-floor sub-penthouses and penthouses.
Construction giant Hutchinson’s began construction in May last year on the prime site 7-9 Mermaid Avenue, just a few meters from the famous Hedge Avenue beach strip.
Designed by Rothelowman, the project is the third Gold Coast development for Hirsch & Faigen, with each building crowned by outdoor rooftop seating.
Residential amenities will feature in the shared lobby, designed as greenhouses to create a suburban feel.
A north-facing swimming pool will be the centerpiece of the offering, with the space complete with an additional pool and yoga deck, a gym, sauna, relaxation lounge and barbecue seating.
Read more: Secure Yves, Mermaid Beach apartments with just a $10k deposit as Coposit launches in Queensland
Read more: Why locals are buying a Yves, Mermaid Beach condo
Read more: Hirsch & Faigen appoints Hutchinson Builders to deliver Gold Coast apartment development, Yves
