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ResidentialPhil BartschMon 13 Oct 25

Approvals Straddle Great Gold Coast Development Divide

Surfers Paradise Homecorp DA Approval hero

Two tower proposals have been given the green light at Surfers Paradise, telling a tale of two sides of the development spectrum in the iconic and expanding beachside highrise precinct.

Developer Homecorp Property Group, led by Ron Bakir and backed by Japanese corporate giants Toyota and Panasonic, has secured approval for a 25-storey tower.

It is earmarked for a 1495sq m site at 24 Monte Carlo Avenue, on the southern edge of Surfers Paradise next to Cascade Gardens, a waterfront park established in the 1950s.

The BDA Architecture-designed scheme comprises 116 apartments in a mix of 85 two-bedroom, 29 three-bedroom, and 2 four-bedroom units, with the aim of delivering much-needed attainable housing supply to the high-density area.

The project adopts a “boutique residential-resort approach”, focused on blurring the line between built form and landscape.

Its approved design features a highly glazed facade that wraps the structure in a reflective surface, mirroring the surrounding treetops and skyline.

A rendering of the greenlit tower proposed by Homecorp for 24 Monte Carlo Avenue, Surfers Paradise.
▲ A rendering of the greenlit tower proposed by Homecorp for 24 Monte Carlo Avenue, Surfers Paradise.

The five levels of podium carparking—which avoids a costly basement design to speed up delivery—is designed as a “lush, landscaped base that seamlessly integrates into the surrounding Cascade Gardens and visually anchors the structure within the landscape”.

Communal recreation space spanning a combined 736sq m across the ground floor, level 5 and rooftop will include a pool, deck and daybeds, gym, cold and hot plunge pools, sauna, residents lounge, outdoor barbecue and dining areas.

Meanwhile, Brisbane-based GCAP Property has been given the go-ahead for a $100-million, 18-level tower on an 810sq m site at 12-14 Hamilton Avenue, across the road from the city’s landmark Q1 supertower and 80m from the beach.

It will be the builder-developer’s debut development on the Gold Coast, accommodating 20 “ultra-luxury, boutique residences”.

The high-end residential scheme includes full-floor four-bedroom apartments spanning 312sq m, along with a two-level penthouse featuring its own rooftop pool and private wellness provisions.

A rendering of the approved tower proposal by GCAP Property for 12-14 Hamilton Avenue, Surfers Paradise.
▲ A rendering of the approved tower proposal by GCAP Property for 12-14 Hamilton Avenue, Surfers Paradise.

In its design, architects DKO have deliberately shifted from the ubiquitous “light, white and bright coastal schemes”, drawing inspiration from New York and Manhattan styles, blended with modern Art Deco.

“Securing approval for Hamilton Avenue is an important milestone for us as we bring our experience as both developer and builder to the Gold Coast,” GCAP Property director Adam Philps said.

“And with Hamilton Avenue, we’ve challenged the norm of coastal design to deliver homes with space and character, not just views.”

Podium-level amenities will include an ocean-facing pool and residents’ lounge, a private dining room, and wellness centre with spa, sauna, steam room, ice bath and treatment spaces.

Work is slated to start in the second quarter of 2026, with completion expected in mid-2028.

ResidentialGold CoastArchitectureUrban DesignApprovalProject
AUTHOR
Phil Bartsch
The Urban Developer - Writer
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Article originally posted at: https://www.theurbandeveloper.com/articles/surfers-paradise-approvals-homecorp-gcap-qld