Broadie’s skyline soars

city West End and New Farm.

The 825sq m corner holding at 185 Old Burleigh Rd is occupied by an existing older-style, two-storey block of eight units.

Ray White’s Daniel Janho, who negotiated the deal with colleague Matthew Fritzsche, said Spyre Group’s debut acquisition on the Coast coincided with a major resurgence in activity in the Broadbeach hub – including the redevelopments of The Star casino and Pacific Fair shopping centre.

“This is one of the first beachfront sites to be earmarked for development in the highly sought-after precinct leading into the 2018 Commonwealth Games,” Mr Janho said.

A number of apartment towers are being built in the Broadbeach area. They include Morris Property Group and Amalgamated Property Group’s 40-level Qube tower and Anthony Moreton Group and Pryde Group’s 35-storey The Beach Apartments.

Spyre Group director Andrew Malouf said a development application would be lodged in coming weeks seeking approval for a 30-storey building comprising up to 102 luxury apartments.

“We have long aspired to develop a boutique premiumgrade development in the Broadbeach area,” he said.

Mr Malouf said it was important for every single unit to have ocean views.

“From our perspective it was all about finding the right site with that point of difference ... something beachfront that can never be built out, that’s the real kicker,” he said.

“We’re typically a high-end luxury developer and we’ll definitely be pushing the boundaries to bring a landmark design to the Gold Coast.” Mr Malouf said the proposed Broadbeach development would target the highend owner-occupier market.