Morris Property Group continue Gold Coast apartment pile up with two-tower Broadbeach plans
The Canberra-based developer and builder, Morris Property Group, is not slowing down its Gold Coast apartment development pipeline.
They've just taken their pipeline to over 1,000 apartments across the Gold Coast, lodging plans for a two-tower scheme in Broadbeach, where they have a number of applications on the desks of the Gold Coast City Council.
The first tower along Britannia Avenue will rise 40 storeys, and the second tower along Australia Avenue will rise 27 storeys, a combined 348 apartments across both towers. Both towers will have street frontage to both Britannia and Australia Ave.
The recreation level on level two is split to offer each building its own premium, including a pool, a large amount of open sun deck area, BBQ areas, a resident’s lounge, a gym and an outdoor yoga area.
Both buildings have been designed to offer generous landscaping at ground level and on the recreational area, with a design inspired to harness the green open spaces throughout Broadbeach.
The site is approximately 650m to the Broadbeach shopping and dining precinct along Surf Parade and approximately 350m to the beach.
Veteran developer Barry Morris said the sites had a major appeal for being located in one of Broadbeach's best areas.
"Future occupiers will enjoy the peaceful surroundings while remaining close to some of the best amenities in Broadbeach and more or less the Gold Coast," Morris says.
"We’ve been developing in the Gold Coast for over 20 years, and this project will be a significant residential project for the group. We adopted our tried and tested design principles of creating floor plans and amenities with the occupier’s front of mind and ensuring the ability to deliver a premium product.
‘MPG’s target market is owner occupiers, upgraders, downsizers and investors. Not everyone has $3million dollars to spend and we want to ensure we always provide affordable homes for all to enjoy," Morris added.
MPG secured the amalgamated 3,305 sqm site through local development site specialists GV Property Group, who listed 13-15 Australia Avenue Broadbeach for sale last year, a collective sale of 12 individual unit owners that took over three months to put together.
Nine offers from local and interstate developers were received for the site, with Morris Property Group providing the most favourable offer to secure the site.
In the following months, a further two blocks to the north - eight units at 16-18 Britannia and four units at 20 Britannia Avenue were amalgamated and purchased off-market.
The site acquisition and scale for MPG is something that has not been seen before in this pocket of Broadbeach, GV Property Group director Antonio Mercuri noted.
"The site has a lot going for it - two street frontages, unobstructed views down Federation Avenue and an expansive 45m North Facing frontage to Britannia Avenue - it's very clear why MPG had significant interest in securing the site," Mercuri said.
"We are happy to be working with a strong and reputable developer who provides not only ourselves but our vendors with certainty that they can transact on the site and in addition, develop the site into the future.
Morris Property Group currently have Sandbar Burleigh Heads and Essentia Surfers Paradise in the market, with the upcoming project Crest Broadbeach set to launch in the coming months.