$140 Million Mixed-Use Development Launches at Broadbeach

Anthony Moreton Group and Pryde Group have launched a 35 level residential development in the heart of Broadbeach, offering 219 apartments to the recovering Gold Coast precinct.

The Beach Apartments Broadbeach, a $140 million mixed-use development, will comprise a residential tower with a mix of one and two bedroom apartments together with ground floor retail, on the site of the existing Beach Hotel on the Gold Coast Highway.

Beach Hotel No.1 Pty Ltd, backed by Anthony Moreton Group and Pryde Group - with the support of

Brookfield Multiplex as development manager and builder - have secured development approval for the new apartment tower, which will set a new benchmark in beachside living.

Tony Hazell, CEO of Anthony Moreton Group, said The Beach Apartments Broadbeach will introduce a quality, design-focused new apartment offering to the thriving Broadbeach precinct, with prices starting from just $330,000.

"The Beach Apartments Broadbeach is located on a strategic site bounded by Surf Parade and the Gold Coast Highway, and is within walking distance of the beach, Kurrawa Surf Club, Jupiter's Hotel and Casino, Pacific Fair, the new light rail network and the Oracle boutique shopping and dining precinct," he said.

"The development has been designed by the internationally acclaimed

DBI Design, and will feature a variety of facilities including a podium level outdoor pool and BBQ, zen garden, residents lounge and a gymnasium.

"It is expected to have strong appeal to both local and interstate markets, offering an excellent value proposition in terms of location, surrounding amenity, quality and price, with a mix of owner occupiers, investors and those looking to lock and leave already registering their interest in the project."

Colliers International has been appointed to market the apartments, and Director of Projects Tony Holland says it will give prospective lifestyle buyers the choice they have been looking for, at an achievable price point.

"It will be the first new apartment development to be offered to buyers off-the-plan in Broadbeach since Eclipse and Synergy were released," he said.

The Beach Apartments sales office will open next weekend, with construction of the apartment tower set to commence in 2015.