Plan have been filed for a luxury mixed-use development for the ultra-luxe Sovereign Islands on the Gold Coast.
The development application covers seven lots along The Sovereign Mile, the main road of the mostly private island over the bridge from Paradise Point, 14km north of Surfers Paradise.
It would comprise new residential and commercial sites for the “exclusive enclave”.
The applicant and developer, Sovereign Treasure, is associated with Singaporean property investor and chairman of Oxley Holdings Chiat Kwong Ching.
Oxley has previously dabbled in Australian development, teaming with Avenor to develop the 30-storey apartment tower at 175 Walker Street, North Sydney in 2021.
Sovereign Islands boast one of the most expensive postcodes in the state, an enclave of multiple yacht marinas on the island canal estate.
Proposed are two stepped buildings with maximum heights of three storeys. One building will be residential and the other mixed-use, including food and drink outlets.
They will collectively house 16 three-bedroom apartments, including four penthouses, each with access to a private rooftop and pool.
The 9593sq m site will consist of an arrival plaza and a gatehouse—amenities will include a gym and steam room, wine cellar and restaurant and bar, with function rooms, a patisserie and a terraced pool.
There would be communal open space throughout the development. It will also have 85 carparking spaces.
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Core Property Partners brought in Urbis Design Group, Mas Architecture Studio and Burchills Engineering Solutions to work on the plans, which were submitted to the City of Gold Coast Council late last week.
The project aims “to provide new luxury amenity that harnesses the site’s unique qualities, while also serving as an architectural landmark that enhances the character of the area, heightened by the unforgettable and beautiful place-making capabilities for the islands”.
The design takes inspiration from tiered superyachts, according to the architects.
It is the latest super-luxury develoment to be planned for the Gold Coast, with a dedicated superyacht marina given approval last week.
