Jinding to develop first Gold Coast apartment tower: A chat with Jinding's managing director Liz Ronson
The Melbourne developer Jinding Developments is launching in to the booming Queensland market, readying a new $75 million tower in the heart of Surfers Paradise.
The proposal at 9-11 Thornton Street is for 125 apartments across 27 storeys, designed by dKO Architecture. It will provide a range of one and two bedroom apartments.
Jinding Developments managing director Liz Ronson said the development firm had their eye on the Queensland market for quite some time, and Thornton Street was the perfect opportunity to make their move.
“The demand for residential development across Queensland is at the highest levels experienced over recent years, particularly in lifestyle locations such as the Gold Coast,” she said.
“We are excited to be making our mark on the Surfers Paradise area with quality apartments that will provide an incredible destination for Australians relooking at where they can live, given the new opportunity that working from home presents.”
Urban recently sat down with Liz Ronson to discuss the new project.
JR: Which buyer demographic will the development be pitched at and why?
LR: Like many of our new projects, Thornton Street is a high-end development designed to appeal to retirees and second or third home buyers who have chosen the Gold Coast to relocate to as part of the COVID-fuelled regional trend. This demand has left a gap for quality products under $1M, especially those with ocean views. The product will also be ideal for locals looking to rent in the desirable Gold Coast region.
JR: Are you predicting interest from Melbourne investors who know your reputation a bit more than QLD?
LR: I think the project is a compelling proposition in its own right. The metrics make sense, regardless of what investors already know about Jinding Developments. We will also be marketing the project through our media channels to ensure that everyone has access to it.
JR: What do you expect buyers to love about the project?
LR: The location is hard to beat. The street, local surf club and nearby beaches give it a real coastal village feel, even before you overlay the proximity to the light rail and abundance of entertainment options. Combined with ocean views at accessible price points, we just know that buyers will fall in love with this project.
JR: Was there a project in particular by DKO which led you to choosing them?
LR: Jinding Developments has worked with DKO in the past, and we wanted this project to be design-led. DKO are experienced and clever in their approach, and we know them for producing incredible design outcomes without comprising constructability.
About the developer
Jinding has a strong foothold in the Victorian market with the recent house and land developments The Patch Wollert, Octave at Junction Village and Harriott at Armstrong Creek.
Jinding's Real Estate team has been operating in Queensland for the past three years. The Group formally opened their first office in Brisbane late last year. Jinding are now actively seeking further mid to high-rise development opportunities across Queensland as it looks to expand its national footprint.
Other Surfers Paradise developments on the market
Shoreline is the latest Surfers Paradise tower to be created by Marquee Development Partners.
The boutique 27 apartment development across 17 levels offers residents a luxury unseen in the between Surfers Paradise and Broadbeach for a number of years.