Tower set to rise next year

Al­most $40 mil­lion worth of apart­ments in a new lux­ury tower set to rise on Chevron Is­land have sold since the project was launched in March

Weekend Gold Coast Bulletin - Property - - FRONT PAGE - WORDS JES­SICA BROWN

CON­STRUC­TION of a $260 mil­lion lux­ury apart­ment tower on Chevron Is­land is due to start early next year.

It comes fol­low­ing a strong sales cam­paign and de­mo­li­tion start­ing on the five blocks that will be­come home to the new de­vel­op­ment.

Chevron One, which is be­ing de­vel­oped by Ben­sons Prop­erty Group, will rise 40 lev­els above its prime po­si­tion at 36-44 Stan­hill Drive.

Ben­sons man­ag­ing di­rec­tor Rick Cur­tis said strong in­ter­est and buyer ac­tiv­ity meant $39 mil­lion worth res­i­dences had sold since the project launched in March.

Most buy­ers have been owner-oc­cu­piers, who were at­tracted to the lo­ca­tion and the project’s re­sort-style de­sign.

The tower will have 247 apart­ments with one, two, three and four-bed­room de­signs.

Its wave-in­spired de­sign will be cre­ated by March­ese Part­ners.

Mr Cur­tis said it of­fered a new level of so­phis­ti­ca­tion and lux­ury to the Coast.

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