Immerse Projects secure approval for second Coolangatta apartment tower
Immerse Projects is set to launch their second Coolangatta apartment project to the market later this year, having received approval from the Gold Coast City Council.
Veteran builder John Kearney, who heads up renowned developer Greyburn, is behind the 17-level apartment project at 39 McLean Street, adjacent to his Rhythm Kirra Hill development which is currently on the market.
“We are very pleased with today’s approval of the McLean Street project which is the result of a lot of collaborative work with Council over past 18 months,” Kearney said.
“This allows us to focus on delivering and finishing construction on our adjacent site being Rhythm Kirra Hill and look forward to moving our teams onto this site towards the end of next year along with a DA submission of another site in Tweed.”
Read more: First look: Latest Kirra Beach, Coolangatta apartment tower
The McLean Street development will deliver 58 new apartments comprising a mix of two-and three-bedroom designs, with the project to be topped by a 240 sqm penthouse.
The development will deliver a range of resident amenities including resort-style rooftop providing a communal lounge room, pool, gymnasium and sauna. The design offers additional communal areas on the ground and first levels that will provide meeting rooms for work-from-home use and parcel delivery lockers for online purchases by residents.
Designed by award-winning firm BDA Architecture, the development will feature a simple slender design with curved edges and a paired back elegant articulation of a timeless architectural style.
Immerse Projects reduced the height of the project from 19 levels following negotiations with the Council over the past 18 months. The site is located within the Coolangatta Centre District which offers higher density allowances under the Gold Coast City Council Town Plan.
The project is designed to provide a variety of residential products in the established coastal neighbourhood of Coolangatta, an area that is growing in popularity with buyers.
Rhythm Kirra Hill, which offers apartment designs that suit a wide section of the market, has proven to be popular among owner occupiers and local downsizers.
“McLean Street, like Rhythm, will cater to that missing middle market where buyers are looking for quality coastal residences with resort-style facilities but without the premium price point,” Kearney added.
“We are big believers in the southern Gold Coast, as the market remains buoyant for this type of product amid an ongoing undersupply of stock.”
Greyburn will start construction on the McLean Street project next year.
