CONSTRUCTION has officially begun on a new boutique luxury residential building on the Gold Coast.
Marquee Development Partners welcomed their latest project ‘Stanhill’ at a special sod-turning ceremony in Chevron Island on Tuesday.
The nine-level tower, which boasts 61 two and three bedroom apartments, has been dubbed one of the best-selling new apartment developments on the Gold Coast.
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Over 65% of apartments in the building have sold ahead of construction, with CEO Mark Spedding praising the building’s location and stunning river and Surfers Paradise skyline views for the success.
“We decided on a boutique mid rise building so we could offer larger apartments for owner occupiers with expansive views and first class amenities on the rooftop, and buyers have responded with enthusiasm, exceeding our pre-construction sales expectations,” he said.
The Stanhill Chevron Island project is being built less than 350 metres from the new Green Bridge linking Surfers Paradise and Chevron Island to the planned $380 million Home of the Arts (HOTA) precinct.
“The majority of enquiries to date have been locals wanting to be at the doorstep of both HOTA and Surfers Paradise, as well as investors who recognise the opportunity to capitalise on Chevron Island’s transformation in to a cultural hub, driven by the new bridge, HOTA and retail amenity,” Mr Spedding said.
The first residents are expected to move in once the building is complete by early 2020.