Gold Coast off the plan apartments

DVB Projects, the developer behind Broadbeach's Sea Glass developer that is currently in market, is doubling down in the burgeoning suburb.

<a href="https://www.urban.com.au/developers/dvb-projects">DVB</a>, led by Dean Brown, has filed plans for a similar tower at&nbsp;<a href="https://www.urban.com.au/new-apartments/137-old-burleigh-road-broadbeach">137 Old Burleigh Road</a>, a 1,156 sqm site near the Old Burleigh Road and Queensland Avenue roundabout that is currently home to the 12-unit, 1980s block Gala.

They've called on Rothelowman again to handle the design of the 105-metre, 32-level building that will have 39 half-floor and full-floor apartments and a two-level penthouse.

<img alt="DVB" data-entity-type="file" data-entity-uuid="292794d9-d7da-43b6-b458-eabcdde8e3ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%208.48.34%20pm.png?VersionId=cti1h78o8EI0cHGfXrMI2quX_XO_JaO7" />

The apartments will rise from level seven, above an extensive podium and three basement levels that will home 93 parking spaces and a whole floor of amenities on the sixth level of the podium. That will feature a&nbsp;20-metre infinity pool, hot and cold plunge pools, a gym with a sauna, a barbecue and alfresco area and a private kitchen and dining space.

Above the half-floor apartments will start. They will each have 230 sqm of internal living space and a further 25 sqm of balcony area.&nbsp;

The half-floors will run to level 21 where the full-floor, 460 sqm apartments kick in. They will have four ensuite bedrooms, one a master with a dressing room, as well as two living areas and a separate home office.

<img alt="DVB" data-entity-type="file" data-entity-uuid="a0d1f69c-ccce-49c1-9db8-234e1f0e1a54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%208.47.47%20pm.png?VersionId=B8bU9OWgeXk399Y3254Dzpdi3.utgHl4" />

Crowning the building will be another four-bedroom whole-floor apartment, but that will get a private rooftop level with a swimming pool and adjoining deck, a gym with adjoining lawn, and a kitchen and entertaining space with another terrace.

&nbsp;

&nbsp;

In their plans submitted to the Gold Coast City Council, Rothelowman said 137 Old Burleigh Road represents a unique approach in contextual urbanism and architecture.

"Situated one city block from the beach within a neighbourhood undergoing rapid gentrification, the site plays a pivotal role in the traditions and characteristics unique to beachside communities.

"The neighbourhood of Broadbeach projects a lifestyle of casual, social engagement and invitation; animated streets where life is on display. To ensure this preservation of character, the proposal seeks to engender a place which participates in these traditions and contributes to the evolution of local identity."

<img alt="DVB" data-entity-type="file" data-entity-uuid="7e32de7c-61c7-4892-86ed-82ccf1b273ed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%208.48.15%20pm.png?VersionId=p602vkCsQfteIUQSQjSjriEbUYBRRNhg" />

They said the dwellings were imagined as a collection of beachside homes.

"The dwellings take form as a series of quarters for living and sleeping, each shaped by a series of directional vistas running across and through the space.

"Celebrating the notions of outdoor living and choice, occupants enjoy the benefits of flexibility and multi-modal living with operable partitions and alternative glazing arrangements to expand rooms into balconies and interstitial spaces.

"Designed from the inside out, the resultant façade exercises simplicity and restraint."

<img alt="DVB" data-entity-type="file" data-entity-uuid="d835c3fb-268b-4b2e-960b-9342bc335910" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29.png?VersionId=zE6hFDXbDj6sl3ljgfBrXitiZL5VzVY3" />

DVB secured approval for their debut Gold Coast apartment development, <a href="https://www.urban.com.au/new-apartments/sea-glass-2-first-avenue-broadbeach">Sea Glass</a>, late last year, after working with council following its mid-2021 rejection.

Sea Glass, which will have 35 apartments, is located on the corner of First Avenue and Old Burleigh Road, around a kilometre north of the new project, just past Broadbeach Park.

Rothelowman said the dwellings were imagined as a collection of beachside homes

Joel Robinson

First look exclusive: DVB Projects doubles down in Broadbeach

Fresh off the back of redesigning their Coolangatta development on one of the best sights in the southern Gold Coast, the Abedian family, who have been at the forefront of Gold Coast development for four decades, is continuing to bolster its local development pipeline.

Urban can reveal the Abedian family, who is now operating under their private family development arm <a href="https://www.urban.com.au/developers/arium">Arium</a> having closed up Sunland in 2022, has secured several adjoining sites on Mary Avenue, Broadbeach, facing the <a href="https://www.urban.com.au/new-apartments/broadbeach-qld">Broadbeach</a> State School which means viewlines to the beach and the ocean are protected.

They bought the amalgamated 1,518 sqm site across 14-18 Mary Avenue that had been earmarked for Eternity, the second Broadbeach tower by Leo Bassar's Bassar Group following on from their nearby completed project Infinity.

Arium has now emerged as the buyer of the site next door at 20 Mary Avenue, a skinnier site at just over 600 sqm that had been owned by the Melbourne-based <a href="https://www.urban.com.au/developers/little-projects-co">Little Projects</a>.

<img alt="20 Mary Avenue" data-entity-type="file" data-entity-uuid="93a41b95-551b-44d5-a47e-e69d1797ceb3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%202.53.49%20pm.png?VersionId=Bc3ZEpvzo9gygkTPD6qkUBjgEt9mj87z" />

Little Projects secured the site in 2021 and initially laid plans for a skinny but luxury luxury whole-floor development dubbed Aperture.&nbsp;

Nearly all of the 29 apartments across the 34-level Elenberg Fraser tower were spoken for, with sales predominantly driven by the COVID-induced boom on the Gold Coast.

However, the Gold Coast City Council knocked back the project and Little Projects went back to the drawing board, cutting the tower in half and creating a curved facade. At the time&nbsp;of lodgement, the developer put the site up for sale but failed to find a buyer. The newly designed project, Atelier, is approved with council with 17 apartments.

The side-by-side sites now total over 2,100 sqm and allow Arium to create something more likely to be financially feasible compared to smaller buildings on narrower sites.

Sahba Abedian, son of Soheil Abedian who founded Sunland back in 1983, announced the family back in the development scene in May 2023 when they filed plans for a new luxury project on the Greenmount Beach Hotel site, a site that was bought from Sunland for over $42 million through an onmarket campaign.

They had planned for a <a href="https://www.urban.com.au/news/qld/first-look-abedian-familys-plans-for-coolangattas-greenmount-beach-hotel-site-revealed">spaceship-looking tower by Contreras Earl Architecture</a> that would have had 54 apartments across 16 levels. However, in March they sought to change up the design, instead opting to create a two buildings on the sprawling 7,071 sqm block which will have 63 apartments.

Arium is only using two of the three sites as part of the Coolangatta development. They advise a 2,934 sqm portion on the corner of Eden Avenue and Hill Street will be used for stage two of the project.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-abedian-family-completely-redesign-greenmount-beach-hotel-redevelopment-in-coolangatta">First look exclusive: Abedian family completely redesign Greenmount Beach Hotel redevelopment in Coolangatta</a>

<img alt="Abedian" data-entity-type="file" data-entity-uuid="595fbff3-f58a-4b38-a6b7-97d79499a463" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%203.02.25%20pm.png?VersionId=ZzN07l3CctC3zy3bTHQnbsdQxXKBI9TM" />

The Abedian family shut up shop of Sunland Group in 2022, shedding its assets and finishing its final tower, the luxury Mermaid Beach tower 272 Hedges Avenue.

Sunland was behind some of the Gold Coast's most well-known buildings, including Palazzo Versace and Q1.

When telling shareholders Sunland was exiting the development game, the Abedian family always said they would run a private development company.

&nbsp;

Sunland was behind some of the Gold Coast's most well-known buildings, including Palazzo Versace and Q1

First look exclusive: Abedian family line up next Gold Coast apartment development after multiple site acquisitions

Two Melbourne developers are pushing on with their prime apartment development site on one of Broadbeach's best streets.

<a href="https://www.urban.com.au/developers/little-projects-co">Little Projects</a>, in a joint venture with fellow Melbourne-based developer R.Corp, has gone back to the drawing board for their luxury apartment tower&nbsp;at 118 Old Burleigh Road, on the corner of Australia Avenue.

Since being knocked back by the Gold Coast City Council for their <a href="https://www.urban.com.au/news/qld/first-look-exclusive-little-projects-set-for-third-broadbeach-apartment-development-with-rcorp-joint-venture">initial 30-level plans by DKO</a> in early 2023 which would have seen 33 apartments delivered, Little Projects and R.Corp have been working with council and have now officially submitted new plans by Plus Architecture.

They will be still targeting the high-end buyer in the building that was initially dubbed <a href="https://www.urban.com.au/new-apartments/one-australia-118-old-burleigh-road-broadbeach">One Australia</a>.

<img alt="Little Projects" data-entity-type="file" data-entity-uuid="2a92fe27-83a9-42ca-967b-58e8fa050251" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%2012.32.11%20pm.png?VersionId=hFVVdybnZpRDWncc4yd4Pr_q6dSbtqaU" />

The tower will now be seven levels smaller and will home just 20 full-floor apartments, each with four bedrooms, 274 sqm of internal living space and a 20 sqm balcony. The only exception will be a two-level penthouse with 530 sqm of indoor and outdoor space. It will have four bedrooms and a private rooftop terrace with a pool, firepit area, outdoor kitchen and alfresco space.

The resident amenity will sit on the first level and will comprise a swimming pool with accompanying day beds, a gym with a sauna, and a work from home space off the entry lobby.

&nbsp;

The project will have three levels of basement with parking for 29 cars.

<img alt="Plus" data-entity-type="file" data-entity-uuid="0c904138-5db0-4024-b8bf-57c052632bf1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%2012.32.17%20pm.png?VersionId=eALpW9PPcpPigCQnfPmUmXiX8y30DCNN" />

The 690 sqm site was bought through development site amalgamation specialists GV Property Group, who got the eight owners of the two-storey walk-up, around 40 years old, to band together the sell the prime site.&nbsp;

GV&nbsp;had over eight offers for the site from both local and interstate developers when it sold in 2022.

<img alt="DKO" data-entity-type="file" data-entity-uuid="70b3b4c1-3741-4f5c-aae6-cca1434b61c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%201.28.03%20pm.png?VersionId=hJ3ywABcti5NAeOsF3TmnPqk5C9y3qww" />The initial plans by DKO were for a much skinnier tower. Image credit: DKO

One Australia will be R.Corp's first venture in the Gold Coast. Little Projects has previously developed in <a href="https://www.urban.com.au/new-apartments/broadbeach-qld">Broadbeach</a>, having significant success with Signature, their higher density development on Elizabeth Avenue.

Little Projects, led by Leighton Pyke, also had a site at 20 Mary Avenue in Broadbeach, where they had planned a luxury tower before recently offloading the site.

First look: Little Projects redesign Old Burleigh Road, Broadbeach apartment tower

Sydney-based billionaire Ian Malouf has quietly been working on his first development play on the Gold Coast.

Now he's taken the wraps off <a href="https://www.urban.com.au/buildings/remi-residences-122-surf-parade-broadbeach">REMI Residences</a>, a $256 million, 30-level tower at 122 Surf Parade, one of <a href="https://www.urban.com.au/developments/broadbeach-qld?sort=">Broadbeach's</a> most active streets for new developments.

There are 49 luxury apartments in the tower which has been developed by Malouf's MFG Global which is ran by CEO Peter Wilding.

“We’ve got a very unique offering in Remi Residences where buyers can actually touch and feel the apartments they are going to be purchasing,” Malouf said.

“REMI Residences presents an exclusive opportunity for buyers in search of quality and style.

"They can physically see and experience the apartments all before putting down a deposit. We didn't want to subject buyers to years of uncertainty. They want assurance throughout their journey and with REMI Residences they can get a real sense of the space, the outlook, and the feel of each apartment."

<img alt="REMI" data-entity-type="file" data-entity-uuid="222ee231-ea2a-4e23-8e36-ec311be432d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%2012.03.30%20pm.png?VersionId=LdQZ6EUQvmWb3IfzHJ2gDSa9hqpQ5l04" />

Peter Wilding said from a lifestyle perspective, they had the vision of creating a space that feels like a luxury hotel with all the important amenities, but also feels like home.

"This vision, partnered with the ability for buyers to purchase completed stock is where I believe we’ve been able to differentiate ourselves from the other developers here on the Gold Coast."

There are 15 two-bedroom apartments on offer, 27 three-beds, and seven four-bedroom apartments. Living spaces range from 107 sqm to 1200 sqm, with the average size apartment more than 250 sqm. Prices start from $2.5 million.

<img alt="REMI" data-entity-type="file" data-entity-uuid="900d5ec0-84e4-418b-b501-4f8e523ab47b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%2012.01.30%20pm.png?VersionId=M0n.mgaoMeFuCDRG3rCkfr1lDlloponv" />

The three-level, six-bedroom penthouse spans&nbsp;over 1200 sqm and features a private swimming pool and rooftop Padel court.

REMI Residences features a comprehensive suite of amenities for owners including spa treatment rooms, saunas, steam rooms, and a 15-meter lap pool, ensuring residents have access to premium wellness facilities. There's also a&nbsp;private function space, complete with a fully equipped kitchen, bar, and alfresco lounge balcony.

Residents will also have access to&nbsp;two Tesla electric vehicles.

[smartcode_project_cta:default project_id=144831]

Billionaire Ian Malouf reveals completed Broadbeach apartment development, Remi Residences

Sherpa&nbsp;has released to market its two-bedroom Executive Collection at Perspective Nexus, their upscale apartment development in <a href="https://www.urban.com.au/developments/palm-beach-qld">Palm Beach</a>.

Four of the seven two-bed apartments have already been snapped up in the building dominated by luxury three-bedroom apartments and penthouses.

Designed specifically for discerning owner-occupiers, the Executive Collection offers two-bedroom and two-bedroom plus multi-purpose room configurations, with some units featuring oversized balconies.

The apartments are fully customisable and showcase top-tier finishes such as Gaggenau appliances.

[smartcode_project:default project_id=108324 project_image_fid=250147]

The in-demand project, located on a 1,583 sqm site at 949-953 Gold Coast Highway, will rise nine levels and deliver a total of 32 apartments, including two half-floor penthouses and three sky homes with private rooftops.

<a href="https://www.urban.com.au/new-apartments/perspective-nexus-949-gold-coast-highway-palm-beach">Perspective Nexus</a> has already sold 75 per cent of its units since launching to the market.

The development is the product of a detailed design process led by <a href="https://www.urban.com.au/architects/hal-architects">HAL Architects</a> that has taken into account the requirements for the <a href="https://www.urban.com.au/new-apartments/gold-coast-qld">Gold Coast</a> city plan and the expectations of the local community.

[smartcode_project:default project_id=108324 project_image_fid=231830]

The luxury development is primed for owner-occupiers and downsizers who will enjoy unrivalled residents’ recreational and state-of-the-art amenities.

Perspective Nexus' communal amenities include a dedicated wellness space featuring a magnesium spa, outdoor kitchen, sauna, hot and cold pools, a steam room, and a wellness garden for residents to enjoy the beachside ambience.&nbsp;

Additional amenities and features will include an electric car charging station, individual apartment storage, a car wash bay, a dog wash, and parcel delivery storage, including a cold store.

Perspective Nexus is under construction by <a href="https://www.urban.com.au/builders/lps-group">LPS Group</a> with completion slated for Q3 2025.

[smartcode_project_cta:default project_id=108324]

Perspective Nexus is under construction by LPS Group with completion slated for Q3 2025

Urban Editorial

Sherpa release Executive Collection in Perspective Nexus, Palm Beach

Sydney-based luxury developer Sammut Group has launched to market the final release of residences at its $200 million COAST apartment development in Surfers Paradise.

The seven remaining apartments represent the final chance to buy in <a href="https://www.urban.com.au/new-apartments/coast-surfers-paradise-43-garfield-terrace-surfers-paradise">COAST</a> which was one of the quickest-selling projects on the <a href="https://www.urban.com.au/developments/surfers-paradise-qld">Surfers Paradise</a> beachfront when it launched in 2021, with the COVID-19 pandemic, and <a href="https://www.urban.com.au/developers/sammut-developments">Sammut's reputation</a> in New South Wales, driving a significant number of sales to <a href="https://www.urban.com.au/new-apartments/sydney-nsw">Sydneysiders</a>.

Among the remaining residences include the south and north-facing half floors starting at $6.2 million, offering 287 sqm of single-level floor space with an additional 72 sqm of external area.

A sprawling 578 sqm, full-floor unit is priced at $13.35 million. That will have a further 143 sqm of outdoor entertaining space.

[smartcode_project:default project_id=101672 project_image_fid=255425]

Upon completion, the six-star luxury development designed by <a href="https://www.urban.com.au/architects/pbd-architects">PBD architects</a> will home a total of 52 residences and significant amenities spread over 37 levels.

There will be 38 half-floor apartments, two double-storey sky homes, 11 full-floor sub penthouses and a single 1,130 sqm, two-level penthouse with a private rooftop pool.&nbsp;

The multi-award-winning developer has also incorporated a wealth of resident amenities in the COAST design, including a 32-metre pool that wraps around the exterior of the building along the entire eastern and northern frontages.

[smartcode_project:default project_id=101672 project_image_fid=207678]

This will be accompanied by a cabana and lounges, a barbecue entertaining area, wellness facilities including a yoga studio, massage rooms and sauna, function facilities, a residential beach bar with breakout areas and a commercial-sized gym.

COAST also includes its concierge, with premium services included for all residents, from home cleaning to restaurant bookings and even airport transport and food and beverage delivery.&nbsp;

The project has attracted local downsizers wanting a lifestyle up-size along with next home buyers equally from Sydney and Brisbane, while about 10 per cent of buyers have come from New Zealand.

<a href="https://www.urban.com.au/builders/multiplex">Multiplex</a> is forecasting a late 2025 completion date.

[smartcode_project_cta:default project_id=101672]

Sammut release final apartments at COAST Surfers Paradise

Queensland developer Marquee Development Partners has launched its 11th apartment development on the Gold Coast, on a prized&nbsp;beachfront site at the booming southern end of the region.

<a href="https://www.urban.com.au/new-apartments/la-belle-332-the-esplanade-palm-beach">La Belle Palm Beach</a>, on the Gold Coast’s largest remaining absolute beachfront site and which was formerly owned by multiple world motorcycle champion Mick Doohan, will comprise 74 premium beachfront apartments over 14 levels that will take advantage of sweeping views from <a href="https://www.urban.com.au/developments/surfers-paradise-qld?sort=">Surfers Paradise</a> to <a href="https://www.urban.com.au/developments/coolangatta-qld?sort=">Coolangatta</a>.

The project on 3300 sqm with 40 metres of beach frontage, hass three, four and five-bedroom configurations on offer, with internal living spaces between 150 sqm and 680 sqm, catering for the owner-occupier.

The scale of the site has allowed Marquee to infuse a collection of five double-storey beach homes into the La Belle <a href="https://www.urban.com.au/developments/palm-beach-qld?sort=">Palm Beach</a> design, with beach homes offering up to a generous 388 sqm of living space.

Apartments will be surrounded by a beach oasis which will be accentuated by the size of the site and the boutique nature of the larger apartment designs. They are priced from $2.15m.

“Palm Beach has emerged as one of the Gold Coast’s most sought-after markets and La Belle is a world-class project that we have designed to meet sustained demand for premium residences on the southern Gold Coast,” Marquee Development Partners Director, Jacques Winterburn, said.

“We’re taking full advantage of this extremely rare site to create a residential masterpiece that not only meets the needs of discerning buyers, but also remains true to the spirit that sets the southern Gold Coast apart.

“La Belle Palm Beach stands as Marquee's crowning achievement, marking our 11th venture on the Gold Coast.

"With seven successful projects already completed and three more sold out and underway, we’re excited to be presenting another development that we know will resonate with owner-occupiers, as well as people seeking a holiday home”.

The Palm Beach development comes on the heels of a sellout of the company’s latest Gold Coast project, the $126 million Monterey Kirra Beach, which is earmarked for one of the last remaining beachfront sites at Kirra. Apartments at Monterey sold for an average of $5.79 million each during the last three months of sales.

Marquee has already fielded inquiries from local downsizers and interstate buyers for La Belle Palm Beach.

Marquee Development Partners Sales Manager, Azura Griffen, said many inquiries have come from several buyers who have purchased in their earlier projects.

“We are seeing demand for our products holding up extremely well, especially for beachfront apartments where we know there is an acute shortage of supply." Griffen said.

Designed by award-winning Cottee Parker Architects and detailed by BDA Architecture, La Belle&nbsp;is set to offer a diverse range of amenities including a heated outdoor pool and spa, multiple teppanyaki dining bars and entertaining areas, and a resident’s lounge with a billiard room, bar and a large screen TV, designed for entertaining and hosting gatherings.

La Belle Palm Beach will also feature a wellness centre with a state-of-the-art gymnasium, yoga and Pilates movement room, Nordic and Infrared saunas, indoor hydrotherapy hot pool and two cold plunge immersion baths.

A hotel style lobby with arrival lounge comes with private offices, meeting work-from-home needs.

La Belle Palm Beach is located at 332 The Esplanade in the highly coveted North Palm Beach area.

“La Belle Palm Beach presents a unique opportunity where residents can seamlessly step straight onto the sand without navigating through roads or pedestrian pathways,” Griffen added.

“Situated next to a thriving small community surf lifesaving club and cafe, it provides the rare privilege of enjoying a year-round patrolled beach right at your doorstep and a sensational spot to catch up with friends for a café latte.”

Marquee is anticipating a start to construction for La Belle Palm Beach in July 2024.

[smartcode_project_cta:default project_id=102340]

Marquee is anticipating a start to construction for La Belle Palm Beach in July 2024

Marquee launch La Belle Palm Beach apartments

Family-owned Gold Coast developer <a href="https://www.urban.com.au/developers/lacey-group">Lacey Group</a> has celebrated the topping out of their <a href="https://www.urban.com.au/developments/kirra-qld">Kirra</a> $63 million apartment development, Del Ray.&nbsp;

The sold-out project of 72 apartments sits on the dress circle Miles Street, in the heart of the burgeoning new look Kirra Hotel precinct by KTQ.

Designed by <a href="https://www.urban.com.au/architects/plus-architecture">Plus Architecture</a>, the project draws inspiration from the juxtaposition of rocky headlands and the rhythmic waves of the beach, mirroring the vibrant yet relaxed atmosphere of the <a href="https://www.urban.com.au/developments/kirra-beach-qld">Kirra Beach</a> community.

<img alt="Del Ray top out - building form" data-entity-type="file" data-entity-uuid="6ce86913-871b-415a-a57a-cca72bb2dc1f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Del%20Ray%20top%20out%20-%20form.jpg?VersionId=JeOR3lQzGJ.a9fdg1wFUm3Ywh8Tx2oKc" />

&nbsp;

Tier 1 builder <a href="https://www.urban.com.au/builders/hutchinson-builders">Hutchies</a> has handled the building of the 14-level tower. It will home&nbsp;35 two-bedroom apartments, 35 three-bedroom apartments, two three-bedroom townhomes and 115 parking spaces.

Del Ray will be Lacey Group's fourth completed project on the Gold Coast, following the recent completion of its&nbsp;<a href="https://www.urban.com.au/new-apartments/the-monroe-124-126-jefferson-lane-palm-beach">Monroe</a> development on Jefferson Lane, <a href="https://www.urban.com.au/new-apartments/palm-beach-qld">Palm Beach</a>.

<img alt="Del Ray top out - interior" data-entity-type="file" data-entity-uuid="9a2a0ada-3223-47e5-b7ec-5e98d9f5ad8c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Del%20Ray%20top%20out%20-%20interior.jpg?VersionId=qt3dDFA76oaioZq01FOKymdPXleNXNxx" />

Lacey Group, led by Adam Lacey has a site in 66 Pacific Parade where in mid-2022 they&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-lacey-group-set-for-next-gold-coast-apartment-development">filed plans for a 28-apartment project</a>&nbsp;at 66 Pacific Parade in&nbsp;<a href="https://www.urban.com.au/developments/bilinga-qld">Bilinga</a>.

The 10-level tower has been designed by&nbsp;<a href="https://www.urban.com.au/architects/plus-architecture" target="">Plus Architecture</a>&nbsp;on the corner of Pacific Parade and Archer Avenue, facing Joe Doniger Park and the beach.

Del Ray will be Lacey Group's fourth completed project on the Gold Coast, following the recent completion of its Monroe development on Jefferson Lane, Palm Beach

Hutchies top out Lacey Group's Del Ray at Kirra

Gold Coast developer Immerse Projects has seen a surge in sales at their Ombré apartment development in Robina, hitting the $40 million mark within just four weeks of launching.&nbsp;

<a href="https://www.urban.com.au/new-apartments/ombre-robina-46-scottsdale-drive-robina">Ombré</a>, comprising 95 apartments designed by BDA Architecture, offers a diverse range of floor plans. Some of the one-bedroom apartments have two living areas, as do some of the two-bedrooms. They've been popular given there's nothing like that on the market in the whole of the <a href="https://www.urban.com.au/developments/gold-coast-qld?sort=">Gold Coast</a>.

[smartcode_project:default project_id=143341 project_image_fid=251415]

The apartments at Ombré will be characterised by "open-plan spaces, functional design and natural textures and colours that evoke a sense of comfort and harmony."

Residents will enjoy green community spaces and a resort-style pool with a pool house featuring BBQ, alfresco dining, pizza oven and cabanas, as well as residents-only private bar and dining room, lounge, games area and work-from-home zones.

[smartcode_project:default project_id=143341 project_image_fid=251416]

Ombré in <a href="https://www.urban.com.au/developments/robina-qld">Robina</a> places its residents in the middle of shopping and the ease of everyday conveniences, just a stone's throw away from Robina Town Centre, all set against a backdrop of parks, golf courses, and proximity to Burleigh Beach.

The award-winning <a href="https://www.urban.com.au/builders/greyburn">Greyburn Building Contractors</a> have been appointed to deliver Ombre, slated for completion in December 2025.

[smartcode_project_cta:default project_id=143341]

The apartments at Ombré will be characterised by "open-plan spaces, functional design and natural textures and colours that evoke a sense of comfort and harmony"

$40 million in four weeks at Ombré Robina apartments

When it comes to apartment investing, there are two key criteria to look at; the vacancy rate trends and current rate in the area, and the price per square metre.

Local developer Robert Laybutt was well aware of what's important to investors and went against the grain on the island of producing apartments that were solely for the downsizer. What he's produced lends itself perfectly to the investor or first home buyer market.

The result is <a href="https://www.urban.com.au/new-apartments/andiamo-apartments-hope-island-38-42-broadwater-avenue-hope-island">Andiamo Apartments</a>, the most affordable apartment development Hope Island has seen in years.

[smartcode_project:default project_id=139743 project_image_fid=270230]

The first metric is the vacancy rate. There are just over a dozen rental properties currently available on <a href="https://www.urban.com.au/developments/hope-island-qld">Hope Island</a>, 90 per cent of which have three bedrooms.

"The rental market in areas such as Hope Island and its surrounds have experienced some of the most significant price hikes in the country," Bernice Cooper, of Mercer &amp; Cooper said.

Locals buyers agency firm By The Coast Property says that with constrained supply and continued demand from interstate and overseas migration, strong demand for apartments and increased construction costs, property prices and weekly rents on the Gold Coast will continue to rise through 2024.&nbsp;

They believe that weekly rents will continue to rise in 2024 fuelled by migration and a continued shift into more affordable apartments from free-standing houses offering property investors the opportunity for increased yields, particularly if interest rates fall later in the year.

[smartcode_project:default project_id=139743 project_image_fid=262913]

The other key element investors look at when purchasing is the price per square metre.

The Light Rail Spine experienced the most uptick in new apartment prices in 2020, rising by 9.5 per cent to an indicative value of $11,500 per sqm. It ranged from $8,800 sqm to $14,3000.

Andiamo's starting price per sqm of $7,500 isn't even close to the range.

[smartcode_project:default project_id=139743 project_image_fid=270210]

The two-bedroom apartments at Andiamo begin at $630,000, which is luring first home buyers given the Gold Coast median unit price according to property data analytics firm CoreLogic is $721,000.

The majority of apartments left fall under the $750,000 First Home Owner Grant cap, so first home buyers at Andiamo don't have to pay a penny on stamp duty.

Both first home buyers and investors have also been drawn to the low body corp, just $70 a week. That's despite amenity in the form of a reosrt-style swimming pool, barbecue area, multi-purpose room and access to lifts.

[smartcode_project:default project_id=139743 project_image_fid=262912]

Located on Broadwater Avenue, Andiamo comprises 76 apartments designed by&nbsp;<a href="https://www.urban.com.au/architects/david-gallez-architect">David Gallez Architect</a>.

Investors know the location is an important factor in securing a tenant. Andiamo is ideally located just 100 metres from&nbsp;Broadwater Plaza where there's a Godfather Pizza and a handful of retailers within. Just a few hundred metres the other way is the more abundant Hope Island Marketplace, the shopping hub of the whole of Hope Island.

Hope Island is also home to some of South East Queensland's best golf courses, 16 in total across Hope Island and the nearby Sanctuary Cove.

Andiamo Apartments is currently under construction by SEQ builder <a href="https://www.urban.com.au/builders/bryant-building-contractors">Bryant Construction</a> and is expected to be completed in early 2025.

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