The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
UPCOMING EVENT - INDUSTRIAL AND LOGISTICS SUMMIT 16 OCTOBER, SYDNEY
INDUSTRIAL AND LOGISTICS SUMMIT - TICKETS NOW ON SALE
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
8
print
Print
ResidentialPartner ContentTue 13 Apr 21

Gold Coast’s Chevron Island Development a Sell-Out

8725630d-70b5-4f0a-b5da-162087d975b0

Marquee Development Partners has sold out its Art-Deco-inspired, 75-apartment building, The Catalina, on the Gold Coast’s Chevron Island.

The final sale was for a 191sq m three-bedroom apartment facing the Nerang River on Stanhill Drive and was bought by a local university staff member for $885,000.

Two-bedroom, two-bathroom apartments in the project were priced from $489,000 and three-bedroom, two-bathroom apartments from $579,000. The majority of apartments have river and Surfers Paradise skyline views.

Marquee Development Partners are a multi-award-winning development company with a current and recent pipeline of more than $400-million worth of projects on the Gold Coast.

They say they are providing critical missing middle’ housing supply that is helping the Gold Coast economy as well as providing moderately priced housing for locals looking to downsize, upgrade or purchase their first home.

Marquee’s sales director Azura Griffen said The Catalina project had averaged mid $500,000s for two-bedroom two-bathroom apartments and mid-$700,000s for three-bedroom, two-bathroom apartments with stunning views and a range of resident amenities including a pool, gym, private dining and rooftop residents club.

“It offers purchasers the opportunity to have access to well-priced real estate with a Surfers Paradise address,” Griffen said.

“This project demonstrates that there is a local market demand for projects that offer value and are within reach of their borrowing capacity.

“We have had several purchasers who work at local hospitals, new residents moving to the area and a range of local academics and professional couples.”

Chevron Island’s location is also attractive to buyers, positioned between Surfers Paradise’s entertainment precinct and Bundall’s business precinct.

“The completion of the pedestrian bridge last year linking the island to HOTA, which is undergoing a $385-million upgrade, has been a catalyst for our investment in the island,” Griffen said.

“The Gold Coast City Council is building a world-class arts and music precinct right next door.”

The Catalina is due to be completed in the fourth quarter of this year and will be the second building developed on Chevron Island by Marquee Development Partners.

The group completed its 61 apartment Stanhill project in 2020, which won the 2020 Master Builders Award for best Residential Building in the Gold Coast and Queensland (up to $20 million) categories.


The Urban Developer is proud to partner with Marquee Development Partners to deliver this article to you. In doing so, we can continue to publish our free daily news, information, insights and opinion to you, our valued readers.

ResidentialGold CoastProject
AUTHOR
Partner Content
More articles by this author
ADVERTISEMENT
TOP STORIES
Global Shifts Redraw the Map for Australia’s Office Market
Exclusive

Office Eyes Slowdown as New Stock Supply Becomes a Trickle

Vanessa Croll
7 Min
Salta MD Sam Tarascio
Exclusive

Why Salta Won’t Break Ground on $400m Pipeline

Leon Della Bosca
7 Min
Exclusive

Precinct Proposals Bloom as Brisbane Middle-Ring Sheds its Past

Phil Bartsch
8 Min
Exclusive

Newest Land Lease Player Plots Sector Shake-Up

Taryn Paris
5 Min
Waterloo Affordable Mirvac hero
Exclusive

Affordable Housing Rules Tighten as Proposal Deluge Continues

Clare Burnett
5 Min
View All >
Parramatta Road Rezoning HERO
Policy

Parramatta Road Rezoning Opens Way for 8000 Homes

Vanessa Croll
Goldfields Elimbah Sell-Off hero
Residential

Moreton Bay Superlot Expected to Top $300m

Phil Bartsch
Global Shifts Redraw the Map for Australia’s Office Market
Exclusive

Office Eyes Slowdown as New Stock Supply Becomes a Trickle

Vanessa Croll
A vacancy rate peak is looming, and the sector’s two-speed market is looking for a turnaround…
LATEST
Parramatta Road Rezoning HERO
Policy

Parramatta Road Rezoning Opens Way for 8000 Homes

Vanessa Croll
4 Min
Goldfields Elimbah Sell-Off hero
Residential

Moreton Bay Superlot Expected to Top $300m

Phil Bartsch
2 Min
Global Shifts Redraw the Map for Australia’s Office Market
Exclusive

Office Eyes Slowdown as New Stock Supply Becomes a Trickle

Vanessa Croll
7 Min
Gatton $150m Over-50s Solara Estate hero
Land Lease Communities

Undersupply Drives Regional Qld Over-50s Land Lease Plans

Phil Bartsch
4 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/gold-coast-chevron-island-marque-catalina