Web site Purchase Prompts New $400m Burleigh Tower Plan
Veteran developer David Devine has shelved plans for a Gold Coast residence tower after buying an adjoining property, giving him the prospect at a extra formidable growth with a price ticket practically 4 instances that of the primary.
Devine’s DD Residing has filed a growth software for a $400-million luxurious residential residence tower in North Burleigh, changing plans for his $105-million Alba Residences, greenlit simply eight months in the past.
DD Residing desires to construct a totally new growth with larger flats and extra amenities after buying the neighbouring 1012sq m web site. With the acquisition he doubled the footprint of the Burleigh Heads beachfront web site.
“It’s not simple to amalgamate websites on The Esplanade, however if you do, it delivers a greater consequence for each the residence purchaser and the Gold Coast neighborhood as a complete,” the DD Residing chief govt mentioned.
“When the chance presents itself, you might want to seize it with each palms.
“With the 40m frontage of the mixed web site, we at the moment are in a position to present a wider constructing separation between this and neighbouring buildings, in addition to delivering considerably extra landscaping at avenue degree.”
To be often called Burly, the brand new growth is designed by award-winning Koichi Takada Architects.
The 24-storey tower, throughout the street from the North Burleigh Surf Life Saving Membership, will comprise 100 two, three and four-bedroom flats, in addition to a penthouse.
Alba Residences was to have begun development final month after DD Residing secured growth approval for the 19-level undertaking earlier this yr.
That design was scaled again from 21 storeys to 19 after native objections to the proposal had been made to Gold Coast Metropolis Council.
Devine mentioned his staff regarded ahead to working with Gold Coast on the Burly growth software.
“We’re taking advantage of this chance with a brand new architectural design that improves the residential providing, which is barely potential now after doubling the house we initially had,” he mentioned.
Devine is betting massive on the warmth remaining within the Gold Coast property market.
Hutchinson Builders have begun work on one other DD Residing growth—the residential residence constructing often called Royale Gold Coast, in Northcliffe Terrace in Surfers Paradise.
