A masterplan development opportunity on the Gold Coast has become available through a joint marketing campaign with Colliers and CBRE.
The Seaview Avenue, Mermaid Beach property represents a 1.13ha development opportunity.
Colliers residential director Brendan Hogan said the site was “an unmatched opportunity to create a staged, mixed-use lifestyle precinct—with concept plans for 735 apartments across four towers”.
“Sites of this scale with wide-ranging potential are increasingly rare and we expect it will be highly sought after by residential and commercial developers alike,” he said.
With the serious lack of high-quality development opportunities south of Broadbeach, Seaview Avenue represented a fantastic opportunity for a developer to lock in their forward pipeline in one of the Gold Coasts most desirable suburbs, the agents said.
“This property represents a fantastic opportunity for a developer to deliver a staged lifestyle precinct commensurate with James Street and Gasworks in Brisbane supported by heightened demand from people to live, eat work and play within their own neighbourhood,” CBRE Gold Coast managing director Mark Witheriff said.
“The block sits prominently at the entrance to the Pacific Fair Shopping Centre, features three street frontages and provides flexible planning provisions.
“The scarcity of the land available in Mermaid Beach presents developers with a remarkable opportunity to create a destination precinct in one of the Gold Coast’s premium suburbs.
“The property is within a 1km radius of the five major lifestyle and transport facilities in Broadbeach—The Star Casino, Pacific Fair Shopping Centre, The Oasis Shopping Centre, Gold Coast Convention Centre, and Broadbeach South G-Link Station.”
Colliers and CBRE will market the site via expressions of interest campaign that closes on September 1, 2021.
Article Source: www.theurbandeveloper.com