New era of highrise development signaled for Gold Coast

Brookfield Multiplex has recently reached a contractual agreement with Singapore-based Ho Bee Land to create a $120 million, 41-storey highrise residential offering to be constructed over the next two years.

This is the first residential highrise to be constructed in the past two years, and will be on the former Red Rooster site – on the corner of Surfers Paradise Boulevard and Main Beach Parade.

Project marketing agent for the development, Deborah Provost, said that this is a new era for the area.

“This project signals a new era of high-rise development on the Gold Coast so we are delighted to have one of Australasia’s leading construction companies take the reins,” said Provost.

While it’s currently unnamed, it will include 223 units, a rooftop garden, gym and retail space, with 500 jobs to be generated during construction.

Regional managing director for Queensland at Brookfield Multiplex, Rod McDonald, said that it’s an effort to meet the demand being seen on the Gold Coast.

“Queensland’s residential market is gaining pace and it’s fantastic to be back on the Gold Coast and delivering this project which will see cranes returned to the Surfers Paradise skyline for the first time in two years,” McDonald said.

“Ho Bee Land’s unique building will revitalise the Gold Coast’s residential property market by providing new, high quality apartments that meet the highest standards of sustainability and design.”

The project architect will be DBI Design.

Early works commenced in late-2013, and it appears construction will be completed in late-2015.