15-STOREY TOWER APPROVED FOR BROADBEACH SITE
A PROMINENT beachside site in Broadbeach will be redeveloped into a mid-rise tower after the project was given the green light by council.
The 15-storey tower, earmarked for the Karoola site on Broadbeach Boulevard, will begin construction in early 2023 and is significantly smaller than the 24-storey building original submitted by its development partners – Gold Coast-based QNY Group and veteran Melbourne-based residential developer Glenvill Developments. QNY Group director Anthony Quinn said significant work was done to address the Gold Coast City Council’s concerns about its height.
“Our team worked closely in consultation with council officers along with Councillors to redesign the building to satisfy council’s initial concerns regarding height, and the result is an even more bespoke residential offering that lends itself to the exclusive position that is 21 Broadbeach Boulevard,” he said.
Mr Quinn bought the 511sq m site for $10m in an off-market sale earlier this year.
He paid nearly $20,000 a square metre after months of aggressive bidding and competition from multiple local and interstate developers.
The tower will have 12 fullfloor units and a double-storey beach house on its lower levels.
Each unit will have three bedrooms. The tower is Glenvill Developments’ first Gold Coast project after five decades in the industry. CEO Len Warson said he was attracted to the project to develop a rare beachfront site.
“The incredibly rare and coveted location of this project has instigated an unprecedented number of expressions of interest already, even without people seeing the design,” he said.