While the wave of tower projects on the Gold Coast’s Chevron Island appears to have subsided, it seems the tide is still on the rise on some of the enclave’s development sites.
Upscaled plans designed by Raunik Design Group have been filed for an approved high-end residential tower proposal on an amalgamated 1012sq m site at 18-20 Mawarra Street.
Sydney-based Aurum Capital Group, whose director is listed Gina Yuan, is seeking to add seven storeys to its greenlit Swan on Chevron highrise project.
If approved, the development rethink would take the proposed tower from 18 storeys to 25 storeys—not including a rooftop terrace.
The taller tower plans accommodate an increase in the development’s yield from 50 to 82 apartments.
Under the reworked proposal, the number of basement levels also has been increased from three to four, enabling the addition of 26 extra carparking spaces—rising from 85 to 111.
According to property records, Aurum Capital Group acquired the amalgamated site spanning two lots for $2.45 million in April 2021.
The property is featured within its unlisted wholesale property funds as Gold Coast No. 2 Trust.
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An initial development application was lodged by Aurum Capital Group with the Gold Coast City Council in November 2021 and the original tower approval was granted in December 2022.
The revamped scheme comprises a mix of two, three and four-bedroom residential and short-stay accommodation apartments.
It is capped by two penthouses on level 25, each with private rooftop terraces including spa pools.
On level three, a communal recreational area spanning 432sq m incorporates a pool with a waterfall feature cascading to the ground level, a bar/reception, gym/yoga studio, sauna and lounge.
The proposal would replace two single-storey houses.
