Aniko Group push on with $400 million portfolio in Brisbane and Gold Coast
The Gold Coast developer Aniko Group have lodged plans for a $48 million luxury townhouse development in Hope Island.
They're hoping that, depending on sign off from the Gold Coast City Council, they will be able to start building the 58 luxury townhouses this year and have them completed by the middle of 2022.
The townhouse project at 31-35 Grant Avenue sits next to Aniko's hugely successful $140 million apartment development 1 Grant Avenue (below), which they have nearly sold out. It's also near their $130 million residential precinct at 6-8 Sickle Avenue on the Hope Island waterfront which is soon to begin construction.
Aniko have also a foot in the Queensland capital and have been given the green light by the Brisbane City Council for their $52 million land estate in the high growth corridor of Ripley Valley in Brisbane's west.
The approval paves the way for a 219-lot residential community on the 24.6 hectare site within the Ripley Valley Priority Developer Area. There will also be a service station and convenience precinct as part of the development.
The proposed development will be delivered over five stages, comprising diverse housing lots averaging 400 sqm. Construction is scheduled to later this year with completion due in mid 2023.
“This is one of south-east Queensland’s fastest-growing urban areas, and it’s also proving to be equally strong in terms of job growth, so we see a great future ahead for the project," George Mastrocostas said,
“While the appeal of this region began with affordability, increasingly we are seeing more buyers choosing the western growth corridor for lifestyle. South Ripley will be a big part of this growth story and we are pleased to be part of it.”
About a third of the site, which is bounded by Barrams Road and Cumner Road at White Rock, is dedicated to open space as Aniko Group takes a master-planned approach to its latest project.
This will include a 5000 sqm neighbourhood recreation park which will link up with two large-scale linear parks that will offer an extra layer of extended green space totalling more than 8.2ha across the new community.
“We’ve incorporated a fairly dominant green space network within this community, in keeping with the surrounding area,” George Mastrocostas added.
“The linear parks will tie in with the recreation park which has been designed to become a central focus for residents as the community grows.
“We plan to develop the recreation park in the very early stages for the immediate benefit of residents.”
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