Australia’s first dedicated superyacht marina and waterfront residences project, on the Spit at the Gold Coast, has won approval.
Private developer Gordon Corp won the tender from the Queensland government to acquire and develop the 9858sq m vacant site at 503 Sea World Drive under a 120-year lease agreement.
The Mantaray Marina and Residences mixed-use project comprises a 67-berth marina, retail precinct, club lounge and 24 waterfront apartments.
Gordon Corp managing director Tim Gordon said the project would launch to market in March as a “world-class on-water experience”.
“Mantaray Marina and Residences represents the first new development on The Spit since Palazzo Versace more than 20 years ago and our investment in this precinct will create one of the world’s most coveted superyachting destinations,” Gordon said.
“The development will provide a strong link between The Broadwater and the Pacific Ocean through an activated retail plaza, residential apartments, public boardwalk, and Australia’s first dedicated superyacht marina facility.
“Importantly, it will unlock private investment and attract national and international visitors to the Gold Coast.
“To live on The Spit is incredibly rare and will remain so with the height limits and planning allocations in place for the balance of land, which is predominantly dedicated to hotel and recreation uses.”
Mantaray Marina and Residences will be Australia’s first dedicated superyacht marina with moorings up to 60m long, in addition to ultra-luxury apartments.
“Of particular note is the Penthouse Residences Collection comprising 10 luxurious four-bedroom penthouses, each with their own private lift, and private rooftop terrace with a pool, barbecue, cabanas and entertaining spaces,” Gordon said.
“Each penthouse is also allocated four basement car parks and ample storage.”
The Spit masterplan restricts development height, allowing for a maximum of three storeys or 15m.
Prices have not been released. Construction is expected to begin this year.