New luxe tower for Mer­maid

Ma­hala will fea­ture 94 two, three and four bed­room apart­ments across 25 lev­els

Weekend Gold Coast Bulletin - Property - - FRONT PAGE - WORDS ALEISHA DAW­SON

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.

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