Construction to accelerate at Gold Coast residential development, Regal Residences
Buoyed by strong sales, developer Azzura Investments is looking to accelerate construction on the $2.3 billion Southport development, Imperial Square.
Regal Residences, the first stage of the development, has achieved $22.5 million in sales across 53 apartments since its launch mid-last year.
According to the developers, sales picked up after buyers flocked to the Gold Coast during the busy holiday period, with a further 15 apartments reserved by potential buyers.
As a result, the Gold Coast developer is hoping to fast-track its construction.
Situated at 59-73 Meron Street, Imperial Square’s first stage will rise 18 levels and offer 145 apartments and 200 hotel suites.
“We’ve experienced a solid pace of inquiries for apartments in this debut offering at Imperial Square since January,” said Azzura’s sales director Jason Paris.
“Local buyers have included a mix of first-home buyers and downsizers, all looking for the lifestyle this central location has to offer”, he said.
Upon completion, the master-planned Imperial Square will offer a range of commercial and business spaces, rooftop bars and luxury amenities.
One-bedroom apartments in the complex start from just $349,000, and residents will enjoy valet parking and discounted prices at bars and restaurants in the development.
Azzura is also offering residents a complimentary stay for a week over five years for a friend or relative in the Regal Residences hotel.
Other amenity-rich developments on the Gold Coast
1. Chevron One, Surfers Paradise
Address: 36-44 Stanhill Drive, Surfers Paradise QLD 4217
One-bedroom apartments from $480,000
Situated in Surfers Paradise, Bensons Property Group’s Chevron One boasts intuitive design and quality finishes. Cooking for the family has been made easy in kitchens designed by the renowned chef, Shannon Bennett.
Designed by Marchese Partners, the development includes a Club One residents’ lounge, floating cinema, sculptured gardens and dining facilities.
2. Cabana, Palm Beach
Address: 1 Nineteenth Avenue, Palm Beach QLD 4221
Three-bedroom apartments from $2,325,000
Delivered by Ignite Projects and designed by Plus Architecture, Cabana offers a collection of 34 apartments, fringed with coconut palms and offering views over Palm Beach and the Gold Coast hinterland.
Cabana boasts an exclusive residential living experience, including a residents’ retreat, ocean-facing infinity pool, cabana-style daybeds and an open-air recreation and entertainment space.