The Gold Coast City Council has approved plans for a $300 million 'Integrated Surf Park Village' at The Club at Parkwood Village.

The Parkwood Village Golf and Surf Resort introduces a four-hectare dual-zone Endless Wave surfing lagoon as the centrepiece—the city's first wave park.&nbsp;

Dubbed Endless Surf Wave Lagoon, the wave pool will offer customisable wave configurations to cater to different surfer preferences and abilities.

The project will be categorised into six precincts spread across sixteen new and modified main buildings, which consist of eight residential apartments and short-term accommodation buildings, 12 no. resort villas, a pavilion and brewhouse, retail and commercial tenancies, a 120-person childcare centre, a maintenance building, a golf pro shop and a wedding chapel.&nbsp;

Designed by BDA Architecture, the vision for the resort is to create a defined architectural character that reflects the Gold Coast 'Palm Springs' architectural language and contemporary commercial architecture.

“The Residential &amp; Serviced Apartments, Central, Pavilion &amp; Brewhouse, Resort Villas, Commercial Buildings, and its podium base have been considered as a three-dimensional form in the urban context of the Parkwood Precinct,” BDA said in their design brief.

“The simple curved podium base with its horizontal lines and openness allows cascading landscapes to spill over the podium edge, softening its appearance whilst allowing for flooding.

“The curved plan form of the development is aligned and reflects the site’s shape and existing spatial geometry of the site context.”

<img alt="Park" data-entity-type="file" data-entity-uuid="4a52e0eb-9746-490e-9d46-cfc53bee1ff1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-06%20at%201.50.16%20pm.png?VersionId=xYV6Jp1Uwf79tdMwYjqupC75KGUxtH0." />

Anticipated as a new attraction for locals and tourists, the large 'endless surf' wave pool will sit alongside an 18-hole golf course on site.

The $10 million transformation of the Parkwood Golf Course is a pivotal aspect of the development, promising a PGA tour-level golf course to enhance the overall golfer experience within a scenic landscape.

A mini-golf, ten-pin bowling, and Top Golf Swing Suites add more entertainment options to the development, while diverse dining options, from casual dining to beach club and beachfront fine dining, complete the hospitality precinct at Parkwood Village. A European-style beach club is on the beach's northern end, and a family beach precinct is at the southern end.&nbsp;

The resort will also feature a mix of hotel accommodations private residences, and host a retirement community in collaboration with Living Choice.

<img alt="Park" data-entity-type="file" data-entity-uuid="48a99407-c1f7-4f15-8bdb-cc505b764e60" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-06%20at%201.50.23%20pm.png?VersionId=H7RK9SsW6iL3EpsFkwrzemcsl_zwzXNE" />

The Surf HQ building, positioned between the apartment buildings and located centrally fronting the Endless Surf Wave Lagoon, is a focal point associated with the wave pool. It will house ancillary retail, café spaces, and office areas primarily for wave pool staff.

A new mixed-use precinct will also extend existing commercial tenancies at The Club at Parkwood Village and introduce new retail and commercial spaces surrounding the surf lagoon.&nbsp;

Spearheaded by the Gold Coast Titans, the health, sports, and recreation precinct will include a high-performance recovery centre, altitude training facilities, and state-of-the-art medical spaces accessible to the public.

Adding an Active Hub reinforces Parkwood Village as a wellness hub, offering world-class facilities for recovery, training, medical services, and overall health and well-being.

Urban Editorial

$300 million Parkwood Village Golf and Surf Resort with apartments given green light

Pikos Group's CEO Michelle Wooldridge Discusses Brisbane's Property Market and Exciting Developments

Urban.com.au's CEO Mike Bird recently had an insightful conversation with Michelle Wooldridge, the CEO of Pikos Group. With a wealth of experience in the property market, including roles with major developers, Wooldridge shared her perspectives on Brisbane's property market and provided a glimpse into Pikos Group's exciting future.

&lt;p&gt;&lt;iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/xtIs4BgHEf8?si=1iMMNneu5wpjcwB1" title="YouTube video player" width="560"&gt;&lt;/iframe&gt;&lt;/p&gt;

Evolution of Brisbane's Property Market

Wooldridge highlighted the evolution of Brisbane's property market over the past 5 to 10 years, emphasizing the city's growth and evolving placemaking initiatives. The rise of owner-occupiers and increased interest from interstate and international buyers indicate Brisbane's appeal. With significant precincts like Eagle Street and Queens Wharf nearing completion, coupled with the upcoming Olympics, Brisbane's property market is experiencing tremendous momentum.

Challenges and Opportunities

The interview touched on challenges arising from major infrastructure projects, such as hospital developments and the Olympics. Wooldridge acknowledged the positive impact of these projects on Brisbane's growth but highlighted the pressure on the subcontractor market. Despite challenges, the underlying fundamentals and the confidence in Brisbane's growth trajectory provide a solid foundation for continued success.

Changing Perspectives on Urban Living

Wooldridge and Bird discussed the shift in perspectives on urban living, emphasizing lifestyle choices and the appeal of apartments. Brisbane's favorable weather, coupled with high-quality products, makes the city an attractive option for those reassessing their living preferences. The discussion touched on the changing needs of residents, including downsizers and mature families, who seek the convenience and lifestyle benefits of well-located, high-end projects.

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Pikos Group's Pipeline and Vision

Wooldridge shared Pikos Group's impressive pipeline, boasting a $1.2 billion portfolio. The diverse projects, strategically located in or near riverfront precincts, contribute to the group's confidence in Brisbane's future growth. The discussion highlighted Pikos Group's transition from a business-to-business (B2B) model to a developer holding and managing stock, marking a new phase in the company's approach.

Confidence in Pikos Group's Future

Assembling a team with both tier-one corporate capability and entrepreneurial innovation, Pikos Group aims to deliver exceptional projects. Wooldridge expressed confidence in the team's ability to blend experience and innovation, citing the Lambert Street project at Kangaroo Point as an exciting example of this synergy.

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The conversation concluded with Bird expressing Urban.com.au's enthusiasm for partnering with Pikos Group, recognizing the depth of experience and the exciting prospects the collaboration promises for Brisbane's property market.

Stay tuned for Pikos Group's transformative projects that marry corporate expertise with entrepreneurial spirit, shaping Brisbane's urban landscape for years to come.

[smartcode_project:default project_id=90059 project_image_fid=218023]

Michael Bird

How Brisbane's apartment market is coming into its own with Michelle Wooldridge, CEO at Pikos Group

Brisbane developer Aria Property Group is reviving its green South Brisbane apartment development, pitched as an Urban Forest when initially drafted nearly four years ago.

The Koichi Takada-designed building at 23-25 Glenelg Street was approved at 20 levels a few years ago, after council made Aria cut 10 levels from their original 30-level proposal.

Aria argued that the new 20-level height limit made the project economically unviable.

<img alt="Aria" data-entity-type="file" data-entity-uuid="53509ee5-05fe-43a0-9194-a8e076a906d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-06%20at%209.13.26%20am.png?VersionId=4ZWdY9FPpG9x.3r2bZDwx6DLruvFoTTg" />

After back and forth, with the Brisbane Council approaching the State Government to&nbsp;implement a Temporary Local Planning Instrument for the Kurilpa area, the tower is now back in planning at its original 30 levels.

The Town Planning Report by Urbis said the project will be one of the world's greenest buildings, with a green plot ratio of 200 per cent. A green plot ratio&nbsp;provides a quantitative assessment of the amount of vegetation and open spaces in relation to built-up areas.

"Aria’s ‘Urban Forest’ comprises a truly iconic and world-class residential building, one which links Musgrave Park and South Bank Parklands," Urbis noted in their report.

"With a one-of-a-kind building offering dramatic views, significant community benefits, housing diversity and design excellence through lush subtropical greenery to the building."

<img alt="Koichi" data-entity-type="file" data-entity-uuid="d0853163-668d-4ad2-9de4-6bc746143752" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-06%20at%209.13.32%20am.png?VersionId=ziazafClff8VoKnoQORcUdKLgJuhkTDC" />

Urbis said the project landscape architects, LatStudios, have analysed the world’s most recognisable and acclaimed green buildings to confirm that the proposal does indeed provide the most landscaping for any residential building in the world.

The ground plane has been dedicated as a considered open space at a more intimate scale than the nearby large and medium scale public green spaces with a variety of seating, open space, lighting, art, water features, high volume, sculptural green columns.

<img alt="Aria" data-entity-type="file" data-entity-uuid="7b1cde0d-30de-4aeb-a0be-6b6030d6747a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-06%20at%209.35.57%20am.png?VersionId=AQuEY1WnzUDs16S1qlgSu5wAb_wvpnFy" />

"The proposal goes above and beyond the usual offering for a residential building with a level of community and public benefit that is unprecedented for any development of this scale in Brisbane – a true landmark for the city and a new benchmark for innovative subtropical design in Australia," Urbis added.

The 30-level tower would home 321 apartments, down from 383 apartments in the original 30-level design. There will be a variety of configurations, from one-bedroom to five-bedroom apartments.

Recreational space will be on the communal rooftop, where there will be a 50-metre infinity pool and a number of spas, cabanas and day beds, yoga spaces, meditation pods, and barbecue and alfresco areas.

<img alt="Aria" data-entity-type="file" data-entity-uuid="edaed2ec-7f66-44e4-a0d6-9e63073e9745" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-06%20at%209.35.24%20am.png?VersionId=HwQgtKT40qR99NwT75j30j7p1fBjQub3" />

"The permeable and sculptural collection of rooftop forms interspersed with lush vegetation give the skyline a unique subtropical crown that will be lit like a cluster of lanterns punctuating the South Brisbane silhouette," Urbis said.

"The crown also provides a practical function in shading the external open space and amenities for all residents to enjoy. The outdoor space allow residents the opportunity to celebrate and embrace Brisbane’s mild climate with a multitude of options for communal recreation with spectacular views in all directions."

ARIA has a strong track record of delivering sculptural rooftops across Brisbane. Their recently completed Upper House by Aria, also in South Brisbane, features a double-storey rooftop with golden ribbons crowning the 32-level building.

Joel Robinson

Aria revive plans for "one of the world's greenest buildings" in South Brisbane

The third tower of the landmark $1.5 billion three-tower Jewel is now being presented to the market for the first time.

The release is being called the&nbsp;Diamond Tower Collection of Jewel Private Residences, and comes following the sell-out&nbsp;of the Jewel Private Residences Tower 1 Sapphire Collection. That had 100 apartments which sold for a total of $200 million.

The first release of the Diamond Tower Collection comprises just 15 of the premium apartments in the third tower, listed by Jewel developer, Australian investment and development company AW Jewel.

The private residences are priced from $1.6 million and range up to $7 million for a three-bedroom apartment.

<img alt="Jewel" data-entity-type="file" data-entity-uuid="712fb54f-d007-4100-a96b-8fec94f6b51d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-05%20at%208.35.17%20pm.png?VersionId=BukyvZT7RxPznniZbnly_FN2_W6kHSGH" />

The 34-storey absolute beachfront tower encompasses 108 apartments in total, with bespoke elements in each apartment corresponding to the unique diamond shape building structure, resulting in no two floorplans being the same.

&nbsp;A unique premium inclusion to the Diamond Tower Collection of premium apartments is they have the only true and genuine concierge service available to private residences on the Gold Coast. No other current private residential apartments on the Gold Coast offers this level of concierge services provided by the Diamond Tower Collection.&nbsp;

The concierge offers a premium range of services from greeting residents and their visitors and accepting parcels through to organising restaurant and event bookings, catering and in-house chefs. The concierge can manage a variety of domestic tasks including luggage handling, absentee owner services, laundry and dry cleaning, floral arrangements and apartment cleaning.

Diamond Tower Collection residents will also have exclusive access to state-of-the-art wellness facilities by The Langham, Gold Coast on Level 2 in their building, available for use only to hotel guests and Diamond Tower Collection residents. That includes a 20-metre indoor magnesium swimming pool and a fully equipped 262 sqm gymnasium overlooking the beach.

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AW Jewel General Manager Yutao Li said the release of the Diamond Tower Collection was a major milestone in the delivery of the fully completed Jewel to being the landmark five-star hotel and residential precinct for the Gold Coast and Australia.

“Following the recent release of Tower 3 titles, our team is very happy to be launching the long-awaited Diamond Tower Collection, our signature range of ultra-premium apartments at Jewel Private Residences,” Li said.

“Jewel Private Residences sales team TOTAL Property Group has been preparing the Diamond Tower Collection for release to the market and has styled five new display apartments to showcase the breathtaking views and demonstrate the apartments’ potential for the ultimate beachfront lifestyle.”

[smartcode_project:default project_id=8843 project_image_fid=220116]

TOTAL Property Group Managing Director Adrian Parsons said the release of the Diamond Tower Collection presented the prestige property market with an incredible opportunity.

“Following the outstanding sales success in 2023 of over 100 apartments within the Sapphire Collection, we are proud to present a limited release of 15 apartments within the new,&nbsp;<a name="m_4688472948180721901__Hlk152566566">never before seen</a>&nbsp;Diamond Tower Collection,” Parsons said.

“The Diamond Tower is exceptionally well positioned at Jewel on absolute beachfront, between the prime coastal destinations of Surfers Paradise and Broadbeach on a quieter stretch of beach away from the&nbsp;crowds.&nbsp;

“Demand for luxury property in Southeast Queensland, and particularly on the Gold Coast, is not slowing down with strong internal migration driving demand that we expect will continue for many years."

<img alt="Jewel" data-entity-type="file" data-entity-uuid="a230494e-8016-40af-b7af-f6ae6abadda1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-05%20at%208.35.12%20pm.png?VersionId=v1EDEDikkg7HWWE9FSraU1maxZ1kQtaX" />

Parsons says whether it is for living in or holidaying, there has been unprecedented demand for larger sized private apartment residences with extensive luxury resort style amenities.&nbsp;

“Obtaining the ultimate beachfront lifestyle is drawing buyers to the Gold Coast and the Diamond Tower Collection exceeds their expectations, being the only completed brand new five-star apartments currently available, and with unprecedented amenity by The Langham, Gold Coast," Parson says.

“Many of our buyers own multiple residences around the world and are drawn to the Gold Coast because of our idyllic coastal beachside city lifestyle that is becoming increasingly highly valued from high-net-worth world travellers.”

Jewel is located at 36 Old Burleigh Road, Surfers Paradise on the Gold Coast in a prime location between Broadbeach and Surfers Paradise. To showcase the just released Diamond Tower Collection, five new display apartments have opened in the Diamond Tower to demonstrate the potential interior design opportunities for various floorplans. Inspections available by appointment.

Final Jewel, Gold Coast apartment tower, released to market

<a href="https://www.urban.com.au/developments/palm-beach-qld">Palm Beach</a> in the southern Gold Coast has become one of the hotspot off the plan apartment markets in the whole country over the last few years.

While always known to locals as one of the best spots on the Gold Coast, it was very much put on the map to souther state dwellers from the early stages of COVID.

The suburb now represents a blend of old and new apartments.

A recent purchaser in Sherpa's <a href="https://www.urban.com.au/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">recently launched Perspective Nexus</a> said the location of the development, as well as its internal amenity and reputation of the developer, were the driving factors in her purchase.

"Palm Beach has so much to offer," buyer Julie says.

"On your doorstep, you've got shopping complexes and cafes and restaurants, and if you're in a location like <a href="https://www.urban.com.au/new-apartments/perspective-nexus-949-gold-coast-highway-palm-beach">Perspective Nexus</a>, you can literally just jump on your bike and you can ride down and do your shopping. There's also access to a lot of nature trails around the area so it's really the perfect place to sort of unwind."

Julie says what she loves most about Palm Beach is the access to all the bike paths.

"You can be riding along the beach or you could work your way down the coast and end up in the hinterland areas so it really is a spectacular location."

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Perspective Nexus is located on the prized eastern side, the beach side, of the Gold Coast Highway, one building away from the <a href="https://www.urban.com.au/developments/palm-beach-qld">Palm Beach</a> Parklands.

"Location-wise, I don't think you can really beat it," Julie adds.

"I think it's just the lifestyle that just really offers you and the flexibility. You can literally just walk downstairs and be on the beach within a couple of minutes, and that, probably to me, is the biggest advantage of living in a complex like <a href="https://www.urban.com.au/new-apartments/perspective-nexus-949-gold-coast-highway-palm-beach">Perspective&nbsp;Nexus</a>."

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Julie says she's looking forward to going downstairs to June Cafe, next door to <a href="https://www.urban.com.au/new-apartments/perspective-nexus-949-gold-coast-highway-palm-beach">Perspective Nexus</a>, to have a coffee and breakfast.

"Being right on the beach, of course, you've got the estuary with the flat waters and you've got the beach with the ocean, so it's great for surfers or any other kind of sort of water sports.&nbsp;But there's also the dog beach so you can bring your dog down for the day. Whether it's the estuary or the ocean size, there's a dedicated area for our fur babies, which I am pretty excited about!"

<a href="https://www.urban.com.au/new-apartments/perspective-nexus-949-gold-coast-highway-palm-beach">Perspective Nexus</a>, just 32 apartments designed by Hayes Anderson Lynch, comprises a sole two-bedroom apartment, 21 three-bedroom apartments each with a multi-purpose room, and five four-bedroom apartments. There's also two penthouses and three two-level skyhomes with private rooftops.

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Julie said the biggest advantage for her moving into Nexus is the wellness centre. Residents will have exclusive access to&nbsp;a dedicated wellness space featuring a swimming pool, magnesium spa, outdoor kitchen, sauna, hot and cold pools, a steam room, and a wellness garden.

Additional amenities and features will include an electric car charging station, individual apartment storage, a car wash bay, a dog wash, and parcel delivery storage, including a cold store.

<a href="https://www.urban.com.au/new-apartments/perspective-nexus-949-gold-coast-highway-palm-beach">Perspective Nexus</a> marks Sherpa's third venture in&nbsp;<a href="https://www.urban.com.au/developments/palm-beach-qld">Palm Beach</a>, following the highly successful Perspective 488 project, which sold out within three months, and its fast-tracked sibling, Perspective Two Sea. Together, these projects achieved a combined sales total exceeding $70 million.

Julie also said she felt safe buying an apartment from Sherpa, who have delivered quality apartments and buildings for a number of years.

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Why I bought a Perspective Nexus, Palm Beach apartment

The top 10 off the plan apartment developers to look out for in Brisbane in 2024

Brisbane-based townhouse developer Azure Development Group is continuing its push for delivering a more affordable housing product in Brisbane's fringe areas.

They've secured a 4.5 hectare infill site at&nbsp;499-507 Anzac Avenue in Rothwell in the Moreton Bay LGA, paying $20.1 million.

Azure, who have a development pipeline of $1.5 billion over the next five years in South East Queensland are planning&nbsp;around 230 townhouses, which will add to their three current projects in Rothwell. The project will have a mix of three and four-bedroom terrace homes. Azure is also considering a two-bedroom product to make their offering even more diverse.

Azure’s portfolio is tackling demand at both ends of the market - from downsizers looking for premium stock in Brisbane’s inner city to more price pointed housing in the key fringe growth precincts.

They have an active portfolio of seven developments, including&nbsp;two luxury apartment projects in inner Brisbane - One Earle Lane at Toowong which is approaching a sellout and One Five Six by Azure at New Farm, which set a price record for the inner city in 2022 with its $11.4 million penthouse sale.

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Azure’s Acquisition Director Chris Schroor says the acquisition of the Rothwell site builds on the company’s strategy of townhouse developments to meet the growing demand for affordable housing.

“We’re bullish about townhouses and we’re doubling down on our strategy through this acquisition,” Schroor said.

“We currently have three townhouse projects on the northern side of Brisbane, so this will add to that strategy.

“However, in order to meet the affordability criteria, we’re finding that we have to move further out of the Brisbane metropolitan area. Any offerings that we can deliver below $800,000 are selling quite strongly.”

In August, Azure launched the $55 million Munro by Azure which comprises 100 terrace homes in a gated estate located at Bundamba in Ipswich. The sold-out development offered three-bedroom, two-bathroom terrace homes for between $545,000 and $557,000 each.

“Our plans for Rothwell are similar to the Munro project, although it will be stronger from a price point considering the location,” Schroor added.

“It’s important to secure sites such as this that can deliver projects of scale to ensure we can meet the price points where the market dominates at present.”

Azure already has two other Ipswich projects in train – the $50 million Seasons by Azure, comprising 68 terrace homes in the Brookwater enclave in Springfield which is due for completion in December, and a proposed 129-lot project at Flinders View which is still in the planning stages.

Schroor says there's been confidence from all sector of the market, which he says has well and truly returned.

“We’ve had strong sales in the second half, with Munro selling out and the Northlakes development selling strongly.”

The Rothwell project joins Azure’s existing Brisbane northside projects of The Terraces by Azure, a 53-townhouse development at Mango Hill set for completion in January, and Willow by Azure at Northlakes which comprises 76 terrace homes that are priced from $699,900.

Azure plans 230 townhomes at new Rothwell, Moreton Bay site

Metacap Developments has sold $20 million following the release of its $85 million Sovereign Promenade development at Paradise Point, with buyer confidence buoyed by construction of the first stage of eight villas edging closer to completion.

The development, located on the Paradise Point peninsular with views over the Broadwater and the residential enclaves of Sovereign and Ephraim Islands, has proved popular with owner occupiers looking to secure a position in one of the Gold Coast’s most sought-after lifestyle locations.

Metacap has secured buyers for seven residences, out of the 16 Villas and 12 apartments on offer. Nine apartments and 12 Villas remain for sale as construction of the first stage remains on track to be completed by March.

<img alt="Vilas" data-entity-type="file" data-entity-uuid="9361fd18-4fb1-4e0f-8c38-1cfa040f06d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-04%20at%2010.16.02%20am.png?VersionId=AqGxWuxxorb8CN_DMRS8WH.NeSUmJxtP" />

Sovereign Promenade, which is positioned on a 1.08-hectare site at 149 The Esplanade, will deliver a total of 28 residences comprising a collection of luxury villas and apartments that have been designed to meet demand for spacious homes along the Paradise Point foreshore.

The five three-level villas will range in size from 320 sqm to 448 sqm. Each villa will have&nbsp; three bedrooms, three bathrooms, study, two car spaces, and a private plunge pool.

Adding to the diversity of layouts are nine two-level villas offering a similar scale of living with designs ranging from 310 sqm to 446 sqm.

The villas will stand alongside four boutique apartment buildings, each comprising three full-floor residences. Each&nbsp;apartment occupies an entire floor, between 475 sqm and 524 sqm. They have three bedrooms, three bathrooms, a media room, study, four-car parking in the basement, and a private rooftop entertaining area with a jacuzzi.

<img alt="Villas" data-entity-type="file" data-entity-uuid="85ef36b7-fb9a-4456-9709-5fc2529d2157" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-04%20at%2010.16.22%20am.png?VersionId=v4MD7t72H1fN0u4_K.wO._1WJIfdLpS9" />

&nbsp;

Sovereign Promenade, which is part of the Salacia Waters Body Corporate, will deliver a range of residents’ amenities including swimming pool, gym, cinema and an entertainment- 
function hall.

&nbsp;

&nbsp;

The development is within walking distance to the restaurant and dining precinct of Salacia Waters and a 20-minute walk to the retail and dining precinct at Paradise Point.

Metacap Developments Director Nick Jimenez said&nbsp;Sovereign Promenade has been created to deliver a premium residential experience.

“Due to its unrivalled location along the Paradise Point, we have ensured that Sovereign Promenade lives up to the expectations of buyers looking for the best in coastal living alongside the Gold Coast’s most exclusive residential enclaves.”

Sovereign Promenade residences range in price from $2.5 million for a villa to $4.1 million for an apartment.

“With construction of the first stage of Sovereign Promenade nearing completion, we are currently fielding a higher level of inquiry, largely from local downsizers who are familiar with the unique position of the Paradise Point peninsula and everything this part of the Gold Coast has to offer,” Jiminez added.

“As Sovereign Promenade starts to come to life, our buyers have been able to see first-hand the quality of design and inclusions in this unique collection of residences.”

<img alt="Villa" data-entity-type="file" data-entity-uuid="9cb39e2e-3e91-40e9-a1ff-89a1136b41dd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-04%20at%2010.16.17%20am.png?VersionId=T.tumUoxxWSeb.c1kNz9LMEzmS3ibkfR" />

Metacap Developments appointed Coastal Custom Projects as project builder following an extended tender process, with construction beginning in December last year.

Coastal Custom Projects is project builder for the final stages of the development, with construction of the second stage set to begin in the second quarter of next year.

Stage two, comprising six apartments and five villas, is scheduled for completion in the first quarter of 2025, with the final six apartments and five villas poised to welcome residents by mid-2025.

Metacap secure early success at Sovereign Promenade apartments and villa development in Paradise Point

Pyco Group has announced Brick Construction will build its West End apartment development Atelier, which is already 80 per cent sold following its launch in May this year.

Construction will commence in February 2024 on the Vulture Street development of 36 apartments, a unique offering given every apartment spans two levels.

Pyco sees the units more like vertical townhouses, starting from 143 sqm.

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The focus by DAH Architecture was to take advantage of Brisbane's sub-tropical climate, with the apartments opening onto large courtyards, balconies or rooftop terraces.

The apartments, each with three bedrooms, were first released to the market starting from $1,575,000, while the larger apartments, ranging between 218 sqm and 272 sqm, started at $2,195,000. Those apartments have the rooftop terraces and private pools.

"In an industry facing challenges, it is critical to have the right builder partner who has a strong track record and expertise to deliver the vision we've created at Atelier," Pyco's Ben Dalgleish said on the appointment of Brick Construction.

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The Vulture Street project will replace an ageing backpacker hostel.&nbsp;YPM are in charge of the sales and marketing.

Atelier follows the success of Pyco's Albion apartment development Nouveau, another collection of vertical townhomes.

[smartcode_project_cta:default project_id=105965]

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Pyco appoints builder at Atelier West End

Brisbane-based developer Bottega Group has teamed up with builder turned developer 5Point Projects to launch their luxury <a href="https://www.urban.com.au/new-apartments/broadbeach-qld">Broadbeach apartment development</a>, <a href="https://www.urban.com.au/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">FARO Broadbeach</a>.

The project of just 15 apartments at <a href="https://www.urban.com.au/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">123 Old Burleigh Road</a>, just one row back from the Broadbeach sand, is a redesign and relaunch of the former 123OBR project which Bottega were marketing before COVID hit.

Designed by Plus Architecture, <a href="https://www.urban.com.au/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">FARO</a> will home 11 full-floor, three-bedroom apartments, three five-bedroom sub-penthouses, and sprawling three-level penthouse spread across the top three levels of the 21-level building.

<img alt="FARO Broadbeach" data-entity-type="file" data-entity-uuid="60a7d1a9-ae49-4cea-9177-25e2e2f0239a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-30%20at%2012.55.59%20pm.png?VersionId=x1BNev7DdSrdbountX6_iR6oeBqtgzEG" />

The modern curved facade of <a href="https://www.urban.com.au/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">FARO</a> elegantly ascends into the sky, reflecting sunlight and mirroring the azure hues of the ocean.

The design seamlessly integrates with the surrounding environment, achieving a harmonious blend of contemporary aesthetics and natural beauty.

Rising 21 levels, with built-in garden beds on each level, FARO offers premium amenities and a luxurious living experience within each residence.

<img alt="FARO" data-entity-type="file" data-entity-uuid="83aa5314-ff9a-4449-9dcf-536d144d0113" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-30%20at%201.02.06%20pm.png?VersionId=OcJyiHPT0yQgIT.Xr5dlftIrPPvKqmDs" />

The residences at <a href="https://www.urban.com.au/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">FARO</a> are a rare collection of bespoke full-floor homes, characterised by generous, curated interiors defined by relaxed textures and opulent finishes.

Materials such as engineered timber floors, champagne brass, natural stone, warm timber-look surfaces, and expansive floor-to-ceiling windows framing panoramic views of the Pacific Ocean create genuine luxury and abundant natural light for all apartments.

<img alt="FARO" data-entity-type="file" data-entity-uuid="9c38036c-46fa-4013-b326-a72a129f8607" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-30%20at%2012.56.07%20pm.png?VersionId=aq4nuWLDxduAIHU6FuVTUUhn5lU12hEC" />

Each three-bedroom, full-floor apartment has a separate study, laundry, butlers pantry, and two car spaces.

The five-bedroom sub-penthouses span two levels each and have the same inclusions as the three-beds but another multi-purpose room.

The three-level penthouse will be one of the most impressive the Gold Coast has even seen. It will have five bedrooms, each with an ensuite no less, numerous living areas and private entertainment space and a rooftop terrace with a lounge and a swimming pool with sweeping views south to Kirra.

<img alt="FARO" data-entity-type="file" data-entity-uuid="0a00f05a-8dde-4200-8c8f-a8456f8b86d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-30%20at%201.02.44%20pm.png?VersionId=bQttd1bdYhJQ7jjDJ5EQZAYhAzhK1Y.p" />

Residents will have extensive communal facilities in the form of a swimming pool, gymnasium, sauna, and communal dining spaces set within a lush landscaped garden.

Positioned in one of Australia’s most sought-after residential areas, <a href="https://www.urban.com.au/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">FARO</a> holds a prime location in the sought-after suburb of Broadbeach, just moments away from the region’s most desirable beaches, renowned recreational venues, as well as cafes and dining establishments.

5Point will be building <a href="https://www.urban.com.au/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">FARO</a>, and are expecting a late 2025 completion.

[smartcode_project_cta:default project_id=31666]

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