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Work on a $97-million twin-tower project on the Gold Coast is poised to resume after it was left in limbo when builder GCB Constructions went into voluntary administration.
Gold-Coast-based Groupline Constructions has been appointed to finish Marine Quarter Southport by developer BuildCap.
The 260-apartment towers are the only approved residential development on the Broadwater Parklands.
The first tower, Oceanic Tower, is under construction and sold out.
BuildCap director Stuart Biggs announced the appointment of Groupline Constructions, a family-run firm based at Arundel.
“With the appointment … we’re now absolutely focused on getting the project back up and running and finished,” Biggs said.
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“It’s not only a huge relief for us to have Groupline Constructions come on board, but also for the many investors in this highly anticipated build.
“Oceanic Tower was about 80 per cent complete when GCB Constructions went into administration the day after its building license was suspended in July. It’s expected to be completed in the second quarter of 2024.”
Marine Quarter was one of six major Queensland projects developers took back when GCB Constructions collapsed.
Groupline Constructions commercial director Scott Widdicombe said Marine Quarter was an exciting addition to the company’s business portfolio.
The 28-storey Oceanic Tower comprises 105 one, two and three-bedroom apartments and was designed by WallaceBrice Architecture.
The tower will also include a restaurant and retail space at ground level as well as a resort-style pool and lounge on the podium level.
BuildCap has also launched 158 apartments in tower two, known Scenic Tower. Work is expected to start on it in the first quarter of next year.
