KTQ bring Kirra Point development forward by three years
The redevelopment of the Kirra Beach Hotel, the large scale project by the luxury apartment developer and hotel operator, KTQ, is set to be delivered well ahead of schedule.
Rather than delivering the vast project in four stages, KTQ, led by Peggy Flannery, will be delivering the development as a single and final stage, which will bring forward project completion by three years.
KTQ has made tweaks to the plans, added a floor of commercial space and another level of hotel rooms, taking it to a 92-room hotel. There will be another two levels of apartments in the second residential tower, which will see a further 13 apartments and 14 hotel rooms added.
The resort pool and bar has moved to the rooftop on Level 6, and the pool and recreation facilities for the second residential tower is also on the rooftop – level 13.
KTQ saw huge demand for stage one of the project, Miles Residences, which saw all 118 apartments snapped up within just a few months.
That saw construction of Miles Residences, as well as the new pub and pavilion that will replaced to original Kirra Beach Hotel, fast-tracked.
The project is now well underway, with demolition, excavation, and ground work commenced.
"We have been working with Mark Damant and the team at Little Boat Projects, alongside nettletontribe and Urbis, on this reimagined people-first precinct, with stage one already under construction," KTQ Development Director, Jeremy Holmes, said.
"We can't wait to see this all come together."
Damant says the precinct laneways, with extensive retail, will offer "something for everyone."
There will be another opportunity to buy in the sought-after precinct later this year, with a second residential building with resident amenity on the roof, to hit the market in the summer.
The well regarded building firm, Hutchinsons, are handling the construction of the development, which is set to be the go-to spot just off the sand.
“We’re on the cusp of a renaissance for Kirra Beach that will deliver an exciting new destination in its own right where locals and visitors will be able to live work and play,” Holmes added.
“Our plans have drawn on the history of the site that for generations was the social heart of the southern Gold Coast.
“The incredible market response to our first-stage release affirms our faith in our vision for the site which will be delivered over the next few years.”