Morris Property Group Breaks Ground on Broadbeach Towers

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.