Aniko Group secures approval for $145 million Athena Quays at Hope Island

Aniko Group secures approval for $145 million Athena Quays at Hope Island
Render of the proposed waterfront residences, Athena Quays. Image supplied
Alison Warters June 8, 2022

The busy Aniko Group has been given the green light to proceed with its fifth project at Hope Island.

They've secured development approval for their $145 million waterfront development, Athena Quays at 10 Sickle Avenue.

Aniko, led by George Mastrocostas, has been the biggest developer on Hope Island in recent years, with their portfolio totalling more than $500 million including the sold out No.1 Grant Avenue and Athena Residences projects, along with No. 35 Grant Residence which are currently selling.

The latest approval will see the group deliver 177 apartments across two stages, adjacent to the company’s currently under-construction, Athena Residences, with 90 apartments planned for the first release and 87 for the second.

Mastrocostas said they decided to fast-track Athena Quays off the back of the successful Athena Residences which achieved a sell out within three months.

Aniko Group secures approval for $145 million Athena Quays at Hope Island
Render of the Athena Quays waterfront promenade. Image supplied

“A number of buyers who missed out on our earlier development Athena Residences have already indicated their interest in buying into Athena Quays,” Mastracostas said.

“The Hope Island market continues to be in high demand among buyers looking for luxurious waterfront residences without the huge premiums found in beachside locations.”

Comprising two eight-level towers, Athena Quays will offer a mix of apartments with two-bedroom layouts and two-bedrooms-plus-study options, crowned by a collection of 24 three-bedroom skyhomes.

With a focus on lifestyle throughout the design process, Athena Quays will deliver open space and greenery across 60 per cent of the site, as well as a limited supply of private marina berths.

Residents will also benefit from a recreation club, featuring a resort-style swimming pool, yoga and pilates hall, sun lounges, barbecue facilities and a fully-equipped gym.

“Athena Quays is designed to offer the best of Hope Island’s relaxed waterfront lifestyle without the need to venture too far from home,” Mastracostas added.

“Building on the success of Athena Residences, we have incorporated many of the design elements in Athena Quays that have resonated with buyers to meet the continued demand for beautiful and spacious waterfront apartments in this popular residential precinct.”

Hope Island remains a highly sought-after suburb for local downsizers and increasingly for interstate buyers making the move to the Gold Coast.

With development approval granted, Aniko is preparing for the official launch of Athena Quays in coming months when the company plans to reveal further details of the apartments and skyhome collection.

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Alison Warters

Alison Warters is a property journalist for Urban, based in Sydney. Alison is especially interested in the evolution of the New Build/Development space, when it comes to design innovation and sustainability.

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