Bold ‘landmark’ to adorn Hedges Ave
CONSTRUCTION will start next week on Sunland Group’s “flagship’’ 45-storey $250 million Hedges Avenue tower.
The first stage of work will create a basement and foundations over the next year before the skyscraper rises in early 2020.
The first residents are due to move in during 2022.
Sunland Group managing director Sahba Abedian said more than 60 per cent of the 97 luxury apartments had already been sold.
“More than 90 per cent of purchasers at 272 Hedges Avenue are local owneroccupiers,” he said.
Private resident amenities include a dedicated concierge service, lounge, boardroom, function room, swimming pool, spa, gym, sauna, Turkish steam room, and treatment rooms.
Prices start from
$1.8 million.
Sunland this week appointed Hutchinson Builders to do the work.
Hutchinson’s Rohan Barry said the tower would become a “landmark”.
“Hutchies is honoured to be working with Sunland on this development – it will be one of the Gold Coast’s most sought-after addresses,” he said.
The tower will be clad in shimmering reflective glass. It is being built across the road from beachfront Pratten Park and is the developer’s first Gold Coast highrise in more than decade.
It was first proposed last year and was opposed by some Hedges Avenue residents who said it was “outrageous”. But the Gold Coast City Council felt otherwise, voting to approve the project before it went to market earlier this year.
The development is not the only one along the Mermaid Beach stretch to attract controversy. A 25storey tower in Peerless Ave by Pindan was slammed by local residents who said the increasing density would affect the community’s village charm.
The start of construction comes on the back of the strong sales and Sunland reporting strong results.
Sunland released its fullyear results in August showing a net profit of $31.3 million – above guidance of between $27 million and $30 million.
Mr Abedian took aim in August at the “NIMBYs’’ opposing the project.
“They do not have a right to feel a sense of entitlement to preserve the status quo and not consider the needs of the future,” he told the Gold Coast Bulletin.