Niecon Developments stack up $300 million Gold Coast apartment development pipeline
Queensland locals, Niecon Developments, who’ve played a part in reshaping the Gold Coast skyline over the past four decades, is gearing up for a new era of growth with a pipeline of projects worth almost $300 million.
The company, founded by the Nikiforides family, is behind some of the Gold Coast’s most prominent developments, including the $850 million The Oracle and Niecon Plaza at Broadbeach.
Now led by the third generation of the Nikiforides family - William, John and James – Niecon is preparing for what the brothers say is a golden age for Australia’s lifestyle capital as the South-East Queensland region counts down to the 2032 Olympics.
Niecon Managing Director, William Nikiforides, said the company’s vision is aligned with the significant transformation for the Gold Coast the next decade will bring, led by the infrastructure boom planned for the Games.
“The Gold Coast is a city that embraces change and that has been a constant for as long as we can remember,” Nikiforides said.
“But as we continue to grow, we need to ensure that the Gold Coast remains a strong and welcoming community and a place where people love to live.
“The next decade is likely to be the most significant in the Gold Coast’s history and one that will shape the city’s future for decades to come.”
Amid the current Gold Coast development boom, the group has taken a considered approach to new projects, that they believe will make a positive contribution to the city’s urban and social fabric.
The latest is Ventura Residences at Mermaid Beach, a boutique development of 47 premium residences, including two double-storey park-facing villas.
Owner-occupiers have been the most interest on the development so far. They've been keen on the exclusive residential amenity, including the recreational terrace and lounge, suspended waterfall edge pool and sun deck, alfresco dining area, Zen garden and gym.
With the project scheduled for completion in May next year, Niecon is currently preparing to announce further projects across the city.
“As a family company, we stand proud on our record of creating architectural gems that have become Gold Coast landmarks, and my brothers and I are looking forward to continuing the tradition that began with our grandfather and father,” Nikiforides added.
“Together we’ve grown up in the industry and learned from some of the best, and it’s our passion to build on their legacy.
“We have never been here for the one and done. We are here for the long term and, to truly be part of something bigger, we believe there is more to this industry than just delivering quality projects. Our mission is to create life spaces that bring a community together.”
The Nikiforides Group was founded in Canberra in 1969 by Bill Nikiforides, before expanding to Sydney and later along Australia’s eastern seaboard. The family-owned company moved to the Gold Coast in 1978 and quickly established a reputation for quality and innovation across its developments in Queensland’s south-east.
The group’s flagship property development company, Niecon Developments, which was founded by his son Con Nikiforides and jointly run by the father and son team, won numerous industry awards for construction, design and engineering excellence and continues to be at the forefront of developing the ultimate life spaces.
In addition to The Oracle, a development that led the renaissance of Broadbeach, the company is also behind the award-winning Aruba Beach Resort at Broadbeach, Aqua on Broadwater at Labrador, Reflection on the Sea at Coolangatta and Nirvana by the Sea at Kirra.
The new generation of Nikiforides, who are born-and-bred Gold Coasters, bring an extensive range of skills to Niecon Developments as the company prepares to deliver an extensive profile of commercial and residential projects in coming years.
“We’re on the cusp of a new golden era for the Gold Coast that we believe needs to be managed thoughtfully,” Nikiforides added.
“At Niecon, this always starts with community, family and a deep level of consideration and connection to people and place. As a developer, we endeavour to go beyond architectural form and function and that’s what will continue to drive us into the future.”