New $ 800 million monument to transform Surfers Paradise
International real estate developer SPG Land has offered plans to transform Surfers Paradise with an $ 800 million project that will provide one of the largest residential complexes on the Gold Coast.
International real estate developer SPG Land, in a joint venture with Australian developer Gordon Corp, has drawn up plans for a major transformation of Surfers Paradise with an innovative design that will deliver one of the largest residential complex projects ever undertaken on the Gold Coast.
The $ 800 million development has the potential to reshape an entire block in the heart of the Gold Coast tourist area by creating an urban oasis with an upscale neighborhood village vibe designed to become a beacon for local visitors, interstate and international.
A development application was filed today with the Gold Coast City Council for the development of three towers which will include a new retail and dining plaza on the ground floor, accompanied by extensive open public spaces, in as a cornerstone of an inclusive residential lifestyle center for the local community.
The plaza was designed to activate the north end of Surfers Paradise by providing a true destination experience featuring renowned retailers and restaurant operators.
The high-end residential towers will each have their own unique identity while providing residents with unparalleled bespoke amenities.
The focal point for residents will be a single podium-level circular infinity lagoon pool that will host the signature common space for the development.
In a first for the Gold Coast, the project will also offer a world-leading attraction – a glass-bottom suspended swimming pool that will offer residents free swimming with unobstructed views down to street level 26 floors below.
The transformative development is proposed for a 1.15 hectare site bounded by Ferny Avenue, Surfers Paradise Boulevard, Pandanus Avenue and Ocean Avenue near the Surfers Paradise North light rail station.
The three towers, comprising 38, 40 and 42 floors, will market a total of 792 apartments and 1,713 m² of indoor retail space, as well as 902 underground car parks and 28 ground parking spaces.
Each tower will have its own podium level interconnected by walkways to create a unique elevated “seaside village” for residents, with each tower podium offering separate resort amenities. The towers also have their own dedicated sky lounges occupying the entire 26th floor, each with personalized amenities. Penthouse owners will have the added exclusivity of access to their own private rooftop gardens and recreation areas.
The tours have been designed to offer an individual lifestyle profile with communal facilities tailored to suit a wide range of buyers, including young families. SPG Land President David Wang described the Surfers Paradise development project as a flagship project for the company that will create a sought-after destination in the heart of the city’s traditional tourism.
“This is a transformational development, not only for Surfers Paradise but for the Gold Coast more broadly,” Mr. Wang said.
“We have a long association with the Gold Coast, and it is particularly exciting that we were able to mobilize the talents of a remarkable local team to bring this project to fruition.
“Our development is not only intended to be an exciting new residential address, but a new public space that everyone can enjoy, whether it’s taking a shortcut to the beach or settling down with friends. in the square for a morning coffee or alfresco lunch. “
SPG Land’s joint venture partnership with local developer Gordon Corp of Tim Gordon marks a strengthening of the relationship between the companies that has grown over the years and is poised to jointly develop other projects in the near future.
Mr Gordon today praised the partnership and said it would be a game-changer for the Gold Coast.
“We are absolutely delighted to be involved in this project with SPG Land,” said Gordon. “It will be a historic project for the Gold Coast which will be an internationally recognized destination.”
“We believe this is a project for the time, created by looking into the past to find what has made Surfers Paradise such an iconic address for generations.”
Tower 1, the heart of the proposed project, has been designed with a dynamic, social and youthful theme providing all residents with access to the tower main pool and a separate lounge pool with a pool bar and meeting rooms. dining open all day, a VIP dining room, a nursery, a barbecue area and a gymnasium for residents and a yoga garden with the sky lounge with co-working spaces, a bar, an indoor and outdoor lounge and an interactive sky gym.
Tower 2 will provide a more peaceful environment suitable for families and will have its own indoor and outdoor children’s area, while the sky lounge will include a gym, as well as yoga and spa facilities. Tower 3 will provide a level of luxury and sophistication sought by the mature lifestyle buyer with the podium encompassing its own café, breakfast and dining terraces, library and meeting rooms, while the sky lounge will feature the city’s first suspended swimming pool, a cigar lounge and wine bar.
The planned development of Gold Coast will add to an impressive portfolio of iconic projects for SPG Land, a company founded in Australia in 1998 with a focus on high-end real estate and high-end hotel assets. SPG Land has completed 56 projects in the Asia-Pacific region over the past 23 years.
Among the company’s landmark developments on a global scale are the $ 857 million The Peninsula Hotel Shanghai, which opened in stages from 2009, and the Global 188 twin towers project in Suzhou.
On the Gold Coast, the company undertook the $ 162 million Cambridge Residences in Robina, comprising 386 apartments spread over four towers.
The SPG Land and Gordon Corp joint venture has appointed Gold Coast-based Eastview Australia as the project manager to oversee the construction of the development. Award-winning architectural firm Rothelowman and landscaping firm Form produced the innovative design.
The development is expected to be officially launched on the market in the fourth quarter of this year.
Source: Media Hunting Communications