Amalgamated Property Group return to hot Gold Coast apartment market with Broadbeach tower plans
The Canberra-based property developer, Amalgamated Property Group, is set to become the latest interstate developer to invest in to the hot Gold Coast apartment market.
They're set to return to Broadbeach, where they've laid plans for a 33-level tower at 30 First Avenue, just 300 metres from the beach off Beach Parade.
The building will have 120 apartments, 60 two-bedders, spanning a generous 106 sqm, 30 two-bedroom plus multi-purpose room which have 147 sqm of living space, and 30 three-bedroom apartments which have 150 sqm of space.
Local architecture firm DBI has designed the tower, with the building essentially split in two.
"The tower form is the intersection of two trapezoidal masses: the Western River Residences and the Eastern Ocean Residences," DBI note in their design statement submitted to the Gold Coast City Council.
"The eastern half of the building has sweeping balconies that wrap around the north and south corners of the building.
"The large continuous balcony of the ocean residences allows their occupants to make full use of the spectacular Gold Coast climate.
"Not only does the wrap around balcony encourage an indoor / outdoor lifestyle it also provides solar protection for the units."
The apartments will sit above the three level podium, the third level of the podium homing over 700 sqm of amenity.
Outside will be a resort-style lap pool with day beds, loungers, and a deck with seating.
Indoors will home a gym and a lounge with a dining area and kitchen space.
Currently on the 1214 sqm site is an original five-storey apartment block.
APG, led by founding director Graham Potts, has had a solid workbook since it was founded in 2002, having created some of Canberra's most striking residential and commercial buildings, as well as previous success in Queensland.
They developed the 30-level Sierra Grand serviced apartment tower on the Gold Coast, as well as the 28-storey Verve apartment development, and Aurora, over 400 apartments in the heart of Brisbane.
One of their most impressive Canberra development, which led APG to select DBI to design the Gold Coast project, is The Griffin in Parkes, which has used designs synonymous with the legendary architect Walter Burley Griffin.
Broadbeach is set to be one of the busiest apartment spots in the Gold Coast in 2022, with the likes of Raptis, QNY Group, and Turrisi Properties among a number of developers who will be launching projects this year.
The Melbourne-based Little Projects, and the Sydney-based Iris Residential, both currently have projects in market in the popular area.
GV Property Group's Antonio Mercuri, who sold the site off-market to APG, said there were a select few groups who had specific mandates for a site like this in the Broadbeach area to do an apartment project.
GV Property Group also recently amalgamated and sold 13-15 Australia Avenue, Broadbeach which was also purchased by Gold Coast / ACT developer, Morris Property Group.