A development application will be lodged with Gold Coast City Council for the construction of a 35-level, 6-star residential apartment complex.
The announcement:
A new beachfront icon is set to rise in Australia’s most sought-after lifestyle destination with plans for a $200 million, 6-star residential apartment project on the Gold Coast.
A development application is set to be lodged with Gold Coast council in the coming weeks for a landmark 35-level uber-luxury residential project in Garfield Terrace, a prized beachfront location on the Gold Coast.
The project – to include one of the most spectacular penthouses ever seen on the Gold Coast, spanning three levels – is being undertaken by wellknown Sydney development company Sammut Developments in a joint venture with high profile investment company Alceon Group.
The project is set to deliver an unmatched level of first-class luxury living standards across 35 floors and is being touted as the most luxurious residential apartment tower for the central Gold Coast.
Coast will encompass 49 luxury residences, including 36 half floor villas, 2 double storey sky homes, 10 full floor sub penthouses and an opulent penthouse spanning 3 levels, offering over 1000 square metres of luxury living and featuring a private rooftop pool and amenities.
“We’re planning to create one of the most iconic, high-end luxury apartments the Gold Coast has ever seen,” said Allen Sammut, whose company has more than three decades of experience in delivering luxury commercial and residential developments throughout Australia.
“We’re very keen to establish a presence on the Gold Coast, particularly given the strength of the luxury downsizer market. Accordingly, we have worked up plans that we believe will deliver a benchmark for this market anywhere not only on the Gold Coast but anywhere in Australia.”
Coast will be home to a collection of first-class lifestyle amenities including a wrap-around infinity pool which will be bathed in sunlight all day, tranquil sky gardens, a fully-equipped gym and sauna, beachfront entertainment rooms and bbq entertainment spaces.
Coast’s undeniable appeal will be enhanced by its uncompromised position on the east coast’s most iconic shoreline, with never to be built out views from the north to south of the property, courtesy of the neighbouring surf club, patrolled beach and parkland.
Sammut Developments boasts an impressive track record of producing high-end beachfront developments, with Coast’s name deriving from their flagship Cronulla project which showcased an exclusive collection of luxurious full floor apartments on Sydney’s southern shores.
“We began our journey of developing prominent, beachside apartments in Sydney’s beautiful waterside suburb Cronulla over 15 years ago with our renowned ‘Coast’ full floor apartments,” said Mr Sammut.
“A testament to our history and beginnings, we felt it was only appropriate to announce and name our first luxury project in Queensland, ‘Coast’.”
Residents of Coast will receive the ultimate in work-life balance as the developers have thoughtfully curated a collection of business amenities and residential office facilities to reflect the growing trend towards working from home post-pandemic.
“Coast will bring an unrivalled level of resort-style living right to the shores of Surfers Paradise, packaged in an ultra-luxurious product that has everything you could need to soak up the best facets of the coastal lifestyle from your own home,” said Mr Sammut.
“We have invested a lot of thought and consideration into creating a space that emanates the look and feel of a resort, with our incredible features and concierge service, with the comforts and quality you want from a home.”
Mr Sammut said the site’s location at 43 Garfield Terrace meant it was pristinely located whilst being central to the majority of the coast’s key attractions.
“We truly believe we have one of the most incredible Gold Coast locations on our hands, with the beach at your doorstep, Pacific Fair and The Star Casino, and a central home base to explore the Gold Coast from,” said Mr Sammut.
Coast will be the first Gold Coast project for the Sydney-based developers who established an impressive reputation in the New South Wales market bolstered on the success of their previous projects which have included Nautilus, Banc, Loft, Breeze and Drift.
Established as Sammut Constructions by Paul Sammut over 40 years ago, the family owned business is now headed by sons Allen and John, and grandson Julian Sammut who have evolved the business into ‘Sammut Group’, being one of the most reputable luxury developers on the east coast, having won over 40 major building industry awards for their projects.
Alceon Group is a Sydney-based investment group and is one of Australia’s largest non-bank providers of development finance, having invested over $4 billion across real estate, private equity/credit, and listed equities investment strategies.
Alceon possess an extensive portfolio of Gold Coast projects, with their Brisbane arm accruing an impressive reputation in the property sphere, stemming from the success of their market leading Acuity Business Park at Robina.
Todd Pepper, Executive Director of Alceon QLD said the company was looking forward to delivering a high end residential precinct that met the strength of the luxury downsizer market.
“We are thrilled to be working with Sammut Developments and believe Coast will set a new benchmark and create a truly unique boutique luxury residential experience,” said Mr Pepper.
“We are well aware of the strength of the luxury downsizer market on the Gold Coast. Coast will well and truly fit the mould of meeting that demand with the quality of product this sector of the market is seeking.”
Source: Media Hunt
