Aniko Group’s official launch of $120 million Orama project

WORDS: Madison Cooper PHOTOGRAPHY Supplied

Gold Coast developer Aniko Group, a company that has changed the face of waterfront living at Hope Island, has officially launched its latest luxury apartment project, the $120 million Orama at Chevron Island.

The project, the eighth development undertaken by the George Mastrocostas-led Aniko Group in the past three years, follows the unparalleled success of its lifestyle projects at Labrador and Hope Island.

Orama has already received pre-commitments for more than half of the residences following overwhelming inquiries from prospective purchasers.

The development, designed by award-winning firm Plus Architects, will rise on a 1,517sqm site at 12-16 Weemala Street.

Orama will bring to the market 102 apartments across 21 levels offering a refined collection of large modern residences to meet demand from owner-occupiers.

Apartments designs include a mix of two-bedroom, two-bathroom plus study configurations, as well as three-bedroom skyhomes on the upper levels that are topped off by two luxury penthouses.

Orama’s two-bedroom apartments are sized from 100sqm while luxury penthouses are sized from 215sqm, offering living areas that are bigger than an average home.

Prices at Orama start from $795,000 for two-bedroom apartments to $3.5 million for the penthouses

Aniko Group’s legendary approach to exceptional on-site amenities for residents has continued with Orama which will have a rooftop pool, spa, gym, yoga and Pilates room and a residents’ lounge that will feature indoor and outdoor dining, barbecue facilities and a business centre.

Mr Mastrocostas has been involved in developing landmark residential and commercial projects in south-east Queensland over the past 20 years, with a portfolio totalling over 2,000 residences.

“We’re thrilled with the early market response to our latest development, which has been inspired by the success of our earlier projects on the waterfront at Hope Island,” said Mr Matsrocostas.

“Orama brings to the fore the latest in design and inclusions that buyers are looking for in an urban coastal lifestyle.

“It has been designed to create beautifully appointed residences for owner-occupiers looking to immerse themselves in the vibrant village life of Chevron Island, just a short walk to the heart of Surfers Paradise and the iconic Gold Coast beachfront.

“Apartments have been thoughtfully designed to offer spacious living for end-users, whether they are looking to downsize or for an idyllic coastal lifestyle with everything the Gold Coast has to offer at their doorstep.”

Aniko Group’s building arm, Aniko Constructions, has been appointed to build Omara with construction expected to start in mid-2023. Completion is scheduled for the end of 2024.

Aniko Group is among the Gold Coast’s most active private developers with construction currently underway on its $125m Athena Residences, the $145m Athena Quays and the $56m 35 Grant Ave Residences at Hope Island.

The company has also laid plans for a $1.5 billion landmark four-tower development on a 1.1342ha site at Mermaid Beach adjacent to Pacific Fair.