Aniko Group secure approval for more apartments in Hope Island transformation

Aniko boss George Mastrocostas said the company was extremely keen to fast track its latest project due to the success at No.1 Grant Avenue

Aniko Group secure approval for more apartments in Hope Island transformation
Aniko are hoping to get approval for marina berths. Image supplied

The transformation of the Gold Coast suburb Hope Island by the local developer Aniko Group is set to continue.

Aniko, led by the experienced developer George Mastrocostas, has secured approval to go ahead with another development on Sickle Avenue, the gateway to one of the smallest islands in area.

The newest $125 million development, which follows the booming success of the sold-out, $140 million No.1 Grant Avenue which is located across the road, will add another 185 apartments to Aniko's local portfolio.

Mastrocostas said the company was extremely keen to fast track its latest project due to the success at No.1 Grant Avenue.

“The Sickle Ave site was an exceptional opportunity for us to bring our signature product to a market that is ablaze with demand for residences set on a waterfront position within the centre of Hope Island,” Mastrocostas said.

Aniko Group secure approval for more apartments in Hope Island transformation

“We witnessed a phenomenal level of buyer interest the moment 1 Grant Avenue hit the market. This spurred us to quickly react and offer a continued supply of luxury apartments to the rising demand of both interstate migrators as well as local downsizers.”

The two-staged residential waterfront project designed by Archidiom will span eight levels at 6-8 Sickle Avenue. 

There will be 16-one bedroom apartments, 153 two-bedroom apartments and 16 three bed sky homes, with an floor plate for the latter anywhere between 170 sqm to 260 sqm.

“Our residences have catered to a broad market of buyers, from the interstate migrants to local downsizers or luxury upgrader," Mastrocostas adds.

The Sickle Avenue development will reserve 60 per cent of the site to open land and greenery.

Aniko Group secure approval for more apartments in Hope Island transformation

“We were determined to find an innovative way for residents to enjoy the best of water and park front living with all the luxury touches and modern amenity encapsulated in apartment dwelling,” said Mr Mastrocostas.

“We have become widely recognised for our ability to redefine the conventional rules of apartment living, and this project is set to carry that formula into a refreshing approach to high density living.”

Sickle Avenue is set to hit the market July 1. Aniko are hoping to get sign off for marina berth's for a handful of the apartments.

About the developer

Aniko is proving to be an unstoppable force in the residential market with additional plans in the pipeline to deliver a spectacular townhouse project in the Hope Island area later this year.

Founded by property veteran George Mastrocostas, who possesses over two decades years in the real estate industry, Aniko Group has established itself as one of South-East Queensland’s leading developers of innovative, luxury residences and commercial properties.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Comments

Be the first one to comment on this article
What would you like to say about this project?