The construction works for the Coast Beachfront project have officially begun following a groundbreaking ceremony. The project is developed by Sammut Group, a Sydney-based developer, in partnership with Alceon Group.
Multiplex, is the company in charge of its construction. The company has been responsible for the delivery of various of South-East Queensland’s most high-profile developments. These include the Destination Gold Coast Tower 2 at Star Residences, Jewel Gold Coast, and the W Hotel Brisbane.Â
An overview of the Coast Beachfront project
The $200 million development will feature a total of 53 residences. These will include two double-storey sky homes (466 square meters), 38 half-floor villas (290 square meters), and 11 full-floor sub penthouses (580 square meters).
Also Read:Â Aura by Aqualand, a mixed-use project in Australia, receives $600M funding package
Additionally, the residences will include a penthouse boasting a total of 1,130 square meters. Moreover, it will be set over two levels and will feature a private rooftop. Residents will have access to the beachfront amenities including a yoga studio, residential beach bar as well as a commercial-sized gym.
The project will also feature massage rooms and a sauna alongside a 32-meter wet edge pool that wraps from the east to the north. The Six-star beachfront development’s location will be on the Surfers Paradise foreshore. As a result, residents will experience the picturesque and spectacular views of the vast skyline.
Remarks on the project Â
The Chief Operating Officer of Sammut Group spoke about the project. Julian Sammut noted that the commencement of construction works for the Coast Beachfront Project marks a significant milestone. Moreover, securing an exceptional partnership with Multiplex will significantly propel the project toward surpassing expectations.
As it stands, within the first three weeks of its launch, the project racked up a total of $110 million in sales. According to David Highland, the CEO of Highland Property, some buyers even went as far as paying an upfront holding deposit of $50,000 for apartments sight unseen. As a result of the ‘buyer frenzy,’ only a ‘handful’ of the total 53 residences are currently available for sale.
