A Sydney developer has lodged plans for a 26-storey beachfront tower in Surfers Paradise on a site bought in September.
The latest set of plans for the site include 37 apartments in a section of “the city’s high-rise spine where no maximum building height applies” at 9-11 Garfield Terrace, Surfers Paradise.
The 1970s Anglesea Court site has exchanged hands multiple times in the past 18 months, and was most recently purchased by Stoyan Kiceec of Xsite Group for $19 million, site unseen.
The developer is following on from Lawrance Ryko, who bought the property in 2020 for $16 million with an approved application for a 15-storey hotel with 112 rooms.
Transaction on properties along Garfield Street have totalled $150 million in recent times as the Gold Coast property market continues its giddy trajectory.
The newest development application for Anglesea Court was lodged under Garfield Developments for the 1037sq m site, which currently has 18 apartments on six levels, and a pool.
The plans by Mosca Pserras Architects included communal facilities on level one including a pool, two apartments per floor and a two-storey penthouse.
According to the application lodged with the Gold Coast City Council, it is a contemporary building with a landscaped base that transitions to a narrow tower above.
“The building is defined by soft curves and edges, which create a rippling effect in the façade, embodying the fluidity of the water which surrounds the site,” the application said.
“The soft and sculptural form of the building offers a visual point of interest in the distinct, animated and varied skyline of Surfers Paradise beach.
“Cognisant to the waterfront location, materials will be selected from a neutral palette and tonal range, to add a sense of warmth.”
The number of new developments on the Gold Coast has surged since the start of 2020 due to the increase in property prices, with units increasing 24.4 per cent and houses 31.3 per cent in the past year.