Morris Property Group Breaks Ground on Broadbeach Towers

After winning approval in April this year Morris Property Group has broken ground on the first of two Gold Coast towers on an amalgamated 2590sq m site at Broadbeach.

Crest will comprise a 35-storey and 40-storey tower and a total of 339 two and three-bedroom apartments at 9-15 Armrick Avenue. 

Barry Morris told The Urban Developer earlier this year that the project would be staged “one tower at a time” and launched to the market in May.

Morris said the vertically integrated builder-developer would manage the construction of the project. 

“We’re aided by the fact that we’re a fully integrated business and we’ve been doing this for 45 years. We have our own construction teams. We have established relationships with subcontractors,” he said. 

“I’m not suggesting for a moment that our construction prices haven’t gone up like everyone else’s but, you know, we’re running a marathon not a sprint.”

The prolific Gold Coast high-rise developer also completed Sandbar at Burleigh Heads in October and handed over the keys to residents. 

Meanwhile, another shovel-ready site has settled on the same street at 33-37 Armrick Avenue for more than $11 million, according to GV Property’s Luke Reaby.

▲ Armrick was approved last week and will comprise 203 apartments across 33 storeys in an under-developed pocket of Broadbeach.

Former AFL player Scott Crow lodged plans with the Gold Coast City Council in September last year for a 33-storey tower on an agglomerated site at Broadbeach, which received the green light last week. 

“This deal was brokered off-market with nine separate vendors across three blocks,” Reaby said. 

“Triple blocks are becoming harder to come by in broadbeach and elevate the potential to a much larger development with better basements, efficiencies and amenity.”

A duplex, house and two-storey apartment block will make way for a 203-apartment tower on the 1768sq m site at 33-37 Armrick Avenue.

St Kilda East-based Crow’s Armrick Developments Pty Ltd had a put-and-call option on the properties in the light rail urban renewal area.

The Plus Architecture-designed 33-storey tower features two two-storey penthouses with private rooftop pools, sub-penthouses and a mix of apartments.