Garfield Terrace precinct labelled ‘new hedges’ with $1 billion development pipeline
WORDS: Madison Cooper PHOTOGRAPHY Supplied
The Garfield Terrace precinct is being labelled the ‘Hedges Avenue for apartments’ on the Gold Coast with more than $1 billion in new uber-luxury apartments either underway or proposed in the city’s latest new luxury beachfront precinct.
International and national development players have been lining up to buy large swathes of land and demolish older buildings on the prestige precinct centred around the BMD Northcliffe Surf Life Saving Club.
“It is certainly the number one strip on the Gold Coast when it comes to new ultra-luxury apartments,” says Matt George of national sales and marketing agency Urban Activation, who is marketing the latest new project to be launched on the strip – the luxury $400 million 26 Vista.
“The whole Garfield Terrace precinct has really come to life in the last two years and there are a lot of significant players circling around sites to be a part of the area’s transformation.”
Not since Bezzina Group built the luxury Jade apartments – selling them for some $6 million each – prior to the global financial crisis more than 15 years ago have luxury apartments been built on the prime beachfront location between Surfers Paradise and Broadbeach.
But now, companies like Sydney’s Sammut Group, Brisbane-based KTQ Group – headed by rich listers Brian and Peggy Flannery – Sam Arnaout’s Iris Capital, and Malaysian company MRCB (26 Vista) are all lining up for a piece of the action.
Some apartments proposed have a price tag of up to $20 million.
Residences at 26 Vista include a range of one, two and three bedroom apartments and townhouses with prices starting from $600,000 up to $15 million for the penthouse.
“The apartments have been very well received since launching, which is consistent with projects that have already been launched in the precinct,” said Mr George.
“We’ve had a great amount of traffic throughout the display since opening – a number of groups from Melbourne, Sydney and Brisbane and a lot of people who are looking for a property on the Gold Coast.”
Set to rise 51 levels home to six three-storey townhouses, 267 apartments, six sub penthouses and a full floor penthouse, 26 Vista will reside within walking distance of everything Northcliffe has to offer, from the iconic beach to acclaimed restaurants.
An extensive range of amenities will be on offer at 26 Vista including an internal wellbeing precinct featuring a spa, gym, outdoor yoga space, pool, sauna, and steam room, alongside a private dining room equipped with a professional chef’s kitchen, an in house cinema room, co-working spaces and business meeting rooms and a resident’s lounge.
Level 51, which offers 360-degree views over the Gold Coast, will house a secondary residents lounge located beside the level observation deck, bordered by a lush rooftop garden.
“26 Vista presents a rare opportunity for buyers in pursuit of lifestyle, a coastal destination, and unparalleled amenity at their fingertips,” said Mr George.
The sales display for 26 Vista has just officially opened located at Q1 Retail 3011, Surfers Paradise Boulevard.
Garfield Terrace precinct proposed projects:
Sammut Group’s $200 million COAST
- Under construction.
- 37 levels, 53 residences.
- Over $110 million in sales.
- Scheduled completion in early 2025.
- Located on 43 Garfield Terrace.
Iris Capital’s 71 on Garfield.
- DA lodged.
- 38 levels, 51 apartments.
- Located on 71-73 Garfield Terrace.
KTQ Groups Serēn.
- Hotel and apartment tower.
- 42 levels, 60 room hotel.
Frank Development’s MIRA
- 32 levels, 14 apartments.
- 61 Garfield Terrace.
ASF Group’s Aura on the beach.
- DA approved.
- 31 levels, 26 full floor apartments.
- Prices starting from $4,435,000.
- Scheduled completion not confirmed.
- Located on 59 Garfield Terrace.