Koko to start ris­ing at Broad­beach

Less than half of Broad­beach’s new­est apart­ment build­ing has sold but the devel­oper is con­fi­dent enough to start con­struc­tion on Koko Broad­beach

Weekend Gold Coast Bulletin - Property - - AUC­TION - WORDS JES­SICA BROWN

CON­STRUC­TION of Broad­beach’s new­est res­i­den­tial apart­ment build­ing will kick off this month.

Koko Broad­beach, which is be­ing de­vel­oped by Mor­ris Prop­erty Group, will tower 31 storeys above its beach­side site at 12-14 El­iz­a­beth Ave.

Knight Frank head of project mar­ket­ing Chris Litfin said de­mol­ish­ing the site’s ex­ist­ing build­ing was the first step.

“De­mo­li­tion is about to take place,” he said.

The pro­posed de­vel­op­ment has been on dis­play in the ex­ist­ing build­ing, which Mr Litfin said would be moved once con­struc­tion started.

“It’s a pop up dis­play in the build­ing next door,” he said.

“We just need a lo­ca­tion that’s near the site where peo­ple can pop in.

“But the bull­dozer is the best dis­play you can have.”

So far, Mr Litfin said 35 of the de­vel­op­ment’s 99 lux­ury apart­ments had sold.

“They’ve been go­ing at ba­si­cally one a week since the de­vel­op­ment (was launched),” he said.

He said the steady flow of sales gave the devel­oper con­fi­dence to push for­ward with con­struc­tion.

The de­vel­op­ment will in­clude 94 twobed­room apart­ments and five three­bed­room half-floor sub-pent­houses. Prices start from $629,900. It will also have a range of res­i­den­tial fa­cil­i­ties, in­clud­ing pool ar­eas, in­clud­ing one for lap swim­ming, lounges, gym fa­cil­i­ties, pri­vate out­door en­ter­tain­ment ar­eas and gar­dens.

It will be a short walk to Pa­cific Fair Shop­ping Cen­tre and Star Casino and is only 250m from the beach.

The build­ing is ex­pected to be fin­ished by late 2020.

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