Stage one of the Kirra Beach Hotel re-development set to launch
KTQ Group, the owners of the award-winning Elements of Byron resort, are set to launch the $200 million first stage of the $380 million multi-staged re-development of the Kirra Beach Hotel site.
The first of these luxury residences are being showcased for the first time via a display apartment ahead of the project’s official launch just after Christmas.
Tim Keenan, of Keenan and Co which is marketing the project, said almost 1000 inquiries had been received since the project was publicly announced close to two months ago.
More than a quarter have been from interstate prospects who have not been able to get to Queensland until now due to the COVID border restrictions.
“The interest prior to launch has been unbelievable. In all my years in the industry I have never seen such strong enquiry levels in one project,” said Mr Keenan.
“Early indications suggest we will be oversubscribed in terms of sales sometime in January, such is the strong level of interest."
The initial stage will offer over 100 luxury residences, predominantly targeting the strong owner occupier market hitting the coast.
The residences will offer a mix of one, two, three and four bedrooms, most of which will include a separate multi-purpose room.
Below the luxury apartments will be a new pub and pavilion.
The family-owned KTQ's Elements of Byron won multiple tourism and design awards, including the Urban Development Institute of Australia’s 2017 and 2018 Awards for Excellence in retail and regional development.
The Kirra Beach first stage is expected to take two and a half years to deliver and will create hundreds of initial construction jobs and then a number of hospitality jobs upon completion.