Developer Pellicano Group is plotting a $225-million four-tower build-to-rent play on the Gold Coast to bolster its growing pipeline in the burgeoning asset class.
The proposal is earmarked for a 1ha-plus site at Stadium Drive, Robina, and would comprise 418 one, two and three-bedroom apartments in a resort-style scheme designed by Rothelowman.
To be known as Paloma House, its four towers would rise 9 to 10 levels and include almost 8000sq m of resident amenities with a wellness centre, gym, steam room, sauna, cinema, residents’ lounge and work-from-home spaces.
It also would feature ground-floor recreational facilities including a pool, poolside pavilion, private lounges, alfresco kitchen, dining areas, a tennis court, yoga lawn, garden lounge and bocce court.
The proposed development is the latest addition to Pellicano’s rapidly expanding pipeline of 2000 build-to-rent apartment projects in Queensland and Victoria.
“Build-to-rent will continue to be a key area of focus for Pellicano moving forward,” Pellicano managing director Nando Pellicano said.
“We will continue to seek out well-located sites across Victoria and Queensland, where we can deliver high-quality residences to growing populations.”
On completion, Paloma House would be managed under the developer’s Pellicano Living platform, which currently includes 600 apartments across 10 locations.
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As well, Pellicano has a further 410 build-to-rent apartments under construction, which will be progressively completed over the next 15 months, in Woolloongabba, Fortitude Valley and Kangaroo Point in Brisbane, and Geelong in Victoria.
Rothelowman associate principal Lawson Royes said Paloma House would be “an exemplary project in the development of build-to-rent on the Gold Coast, particularly during the ongoing housing affordability crisis currently being felt across south-east Queensland”.
“Paloma House has been designed to seamlessly and sensitively integrate into the established Robina community and contribute positively to the evolution of its town centre, fostering a strong sense of community within a village atmosphere,” he said.
“We have embraced a strong agenda of liveability … rich, dense vegetation enhances the subtropical public realm experience, while resort-style living inspires well-being and an active lifestyle.”