Optimus restyles Astoria
RUSSIAN investor Andrew Karpati has made his first foray into the Gold Coast property market, buying an absolute beachfront site, preapproved for an apartment tower, at Broadbeach.
Through his Melbournebased Optimus Developments, Mr Kapati has lodged an amendment to the development approval for the site formerly earmarked for the Astoria on Broadbeach tower to be developed by Reed Property Group.
Optimus plans to start work shortly to clear the ageing apartment building which currently occupies the land for the new project, named 31 Broadbeach.
Mr Karpati appointed global architecture group Woods Bagot and Melbourne-based Carr Design Group to upgrade existing plans.
He said those who’d bought into the former Astoria remained on board.
“Optimus has identified the Gold Coast as the market with the most growth potential in southeast Queensland, and the 31 Broadbeach site is a premium offering within the city’s beachfront market,” he said.
“The location and timing is absolutely right for this project, and we are confident buyers will respond to the way we have re-imagined the building to embody a designdriven ethos that is all about genuine coastal chic and sixstar luxury.
“A third of apartments have sold prior to any official marketing, meaning we have reached sufficient level of sales to warrant the start of demolition and, pending approval of the modified building design, construction could begin early next year.”