Aniko to kick off construction of Chevron Island apartment development, Orama

Construction gets underway in November and will take approximately 18 months to build with completion scheduled for early 2025
Aniko to kick off construction of Chevron Island apartment development, Orama
Joel Robinson November 27, 2023CONSTRUCTION UPDATE

Prolific Gold Coast developer Aniko Group is set to break ground on its next project, the $150 million Orama apartments at Chevron Island.

Orama is the latest in a project portfolio of more than $2 billion by the George Mastrocostas-led Aniko Group.

Aniko has switched its attention to the central Gold Coast suburb of Chevron Island after completing the largest suburb transformation of Hope Island where the company has all but sold out more than $500 million of residential apartment and townhouse product.

Once complete, Orama will comprise 102 residences and include two-bedroom apartments from $995,000 to $1.45 million and a range of three-bedroom skyhomes from $1,995,000, offering panoramic views over the central Gold Coast skyline.

The project is targeting local downsizers and interstate migrators and is well on its way to a successful sellout.

“We are thrilled with the take-up of Orama which has been highly competitively priced and offers some of the best quality amenities of any project in the precinct,” Aniko Group Managing Director George Mastrocostas said.

“Nothing has been an afterthought, from the quality of the apartments themselves to the 550 sqm rooftop recreation area comprising of a gymnasium, pool, spa, residents lounge and a host of other amenities.”

The completion of Aniko’s inner Hope Island developments – the culmination of five years of development transforming inner Hope Island – has been the trigger for the beginning of construction at Chevron Island.

“We’ve been able to redeploy our construction teams after what has been an amazing five-year journey in which we have successfully sold and built some 630 new residential dwellings in Hope Island,” Mastrocostas added.

“Our Hope Island experience has allowed us to accelerate our brand awareness out of the Gold Coast and we are certainly excited about delivering Orama to new customers.”

Construction gets underway in November and will take approximately 18 months to build with completion scheduled for early 2025.

Mastrocostas said the project had achieved almost $100 million in unconditional sales since its launch to the market earlier this year.

He said some buyers had sold in existing Chevron Island projects or had come from other projects that had yet to proceed.

Aniko Group is also planning one of the largest transformative projects on the central Gold Coast with its proposed $2 billion Seaview master planned precinct at Mermaid Beach currently before council.

New Apartments for sale in Orama, Chevron Island

Access the latest brochure, pricing and floorplan details for Orama, Chevron Island.
+10
2 bedroom apartments from $1,295,000
Bedrooms:
2
Study:
1
Bathrooms:
2
Carparks:
1
Total area:
112m²
+6
2 bedroom apartment from $1,495,000
2 bedroom apartments from $1,495,000
Bedrooms:
2
Study:
1
Bathrooms:
2
Carparks:
2
Total area:
122m²
+10
2 bedroom apartments from $1,585,000
Bedrooms:
2
Study:
1
Bathrooms:
2
Carparks:
2
Total area:
124m²
+9
3 bedroom apartments from $1,995,000
Bedrooms:
3
Study:
1
Bathrooms:
2
Carparks:
2
Total area:
155m²
+11
3 bedroom apartments from $2,195,000
Bedrooms:
3
Study:
1
Bathrooms:
3
Carparks:
2
Total area:
156m²
+9
3 bedroom apartments from $3,100,000
Bedrooms:
3
Study:
1
Bathrooms:
3.5
Carparks:
2
Total area:
216m²

Joel Robinson

Joel Robinson is the Editor in Chief at Urban.com.au, managing Urban's editorial team and creating the largest news cycle for the off the plan property market in the country. Joel has been writing about residential real estate for nearly a decade, following a degree in Business Management with a major in Journalism at Leeds Beckett University in England. He specializes in off the plan apartments, and has a particular interest in the development application process for new projects.

Editor's Picks

Six Degrees and Beulah lead the way for next era of sustainable homes and design
Abadeen & PERIFA to bring Woolloomooloo Wharf-inspired waterfront precinct to Putney
Coronation tops out Mason & Main, Merrylands second stage
From rooftop running tracks to piano bars: Melbourne's best apartments with significant resident amenities
‘Reverse sea changers’ return to city life as West End penthouse fetches $5.25 million