New luxe tower for Mermaid
Mahala will feature 94 two, three and four bedroom apartments across 25 levels
ANOTHER tower is set to be built overlooking the Gold Coast’s Millionaires’ Row.
Western Australian property group, Pindan, is set to make its first foray into the Gold Coast with a boutique, luxury apartment tower on Peerless Ave, Mermaid Beach.
It follows Sunland Group’s new tower on Hedges Ave, which was officially released to the market last month.
Designed for owner occupiers, Pindan’s Mahala will have 94 two, three and four bedroom apartments with two car bays across 25 levels.
There will be bicycle and surfboard storage areas and resort-style amenities including a pool terrace, lounge and private dining room, outdoor barbecues and cabanas.
A rooftop solar system is promising residents cheaper energy costs and lower strata fees.
Scott Staniforth, general manager of Pindan Capital, said he had confidence in the Gold Coast market, which offered lifestyle appeal and growth potential following significant investment in new infrastructure.
“Mermaid Beach is one of the most highly sought-after beachside locales on the Gold Coast, and Mahala is positioned in a genuinely unique residential pocket, within walking distance of local restaurants, cafes and the entertainment hub of Broadbeach,” he said. “It will benefit from the billions of dollars in upgrades happening in the Broadbeach-Mermaid Beach area, including the $500 million Light Rail, $670 million renovation at Pacific Fair Shopping Centre and $850 million rejuvenation underway at The Star casino and its multiple restaurants.”
Pindan partnered with Cottee Parker Architects to achieve the project’s design.
“Mahala offers features you would expect in a private beachside home - a beautiful entry, and even a secure drop-off facility for residents who like to have their groceries, wine or other shopping items delivered,” he said.
“Mahala means ‘neighbourhood’ and the building embraces what it means to live in Mermaid Beach.”
Mahala is being marketed by Colliers International residential director Andrew Roubicek, who said the market was ripe for boutique beachside apartment buildings.
“In recent years the Gold Coast beachside apartment market has been led by investors, but owner-occupiers are back in force and looking to Mermaid Beach, which has always been synonymous with prestige property and a lifestyle sought-after by many but enjoyed by few,” he said.
Early construction work has started on the project’s Peerless Ave site.