Developers remain confident in the Gold Coast's market, with another residential skyscraper entering planning in recent weeks.
The 25-storey tower, dubbed Encore Broadbeach, has been proposed by Britannia Ave Project Pty Ltd.
The 1,214sq m development site is located at 36-38 Britannia Avenue amid a cluster of low-residential apartment blocks.
Local architecture firm HHH, who are also responsible for the design of Vue Broadbeach which is currently under construction on First Avenue, plan for a simple black and white ribboned design atop a two-storey podium.
The development will also provide 839sq m of communal open space as well as a pool, gym and terraced seating area.
The building will include two basement levels, ground floor parking, recreational space within the podium and 22 levels of residential units.
The site’s strategic location is adjacent to a major public transport corridor including the Gold Coast Light Rail.
The tower will sit 600m north of the Broadbeach CBD and 1.2km north of the Pacific Fair Shopping Centre.
Sydney-based builder and developer Bassar Group have also lodged plans in Broadbeach for 61-apartments across a 40-storey tower.
Other Broadbeach development in planning include the ultra-luxury “Class” Broadbeach tower on Charles Avenue, Little Projects’ $210 million Signature Broadbeach tower on Philip Avenue and Morris Property Group’s 28-storey “Opus” tower.
Further down the beach, ASF Group has also submitted a proposal for 50 luxury residential units across 31-storeys on a tight 607sq m site in Surfers Paradise.