Brisbane-based developer Turrisi Properties has lodged a development application for a $100-million, 22-storey residential development at Broadbeach on the Gold Coast.
Turrisi wants to build a slender apartment tower at 9-11 Armrick Avenue, designed by Rothelowman and incorporating 81 “high-end” apartments.
Turrisi Properties managing director Gaetano Turrisi said the development would mark the family-owned developer’s first foray into the booming Gold Coast market.
Turrisi Properties, which was established in 2000, is known for its residential and mixed-use developments.
To date the developer has delivered more than 6000 residential land lots and residences to south-east Queensland, worth in excess of $2 billion.
“As our debut project on the Gold Coast, this is an opportunity for us to enhance one of the world’s most famous beachfront skylines,” Turrisi said.
“We have not made any compromises in crafting a well-designed residential tower with liveability as the top priority.”
The high-rise development would replace an existing three-storey 1970s-style unit block.
The development, slated to cost around $100 million, will feature two- and three-bedroom apartments and three- and four-bedroom penthouses, as well as a zen garden, beach showers, a surf craft room and deck.
Turrisi said it would aim to be of the “highest quality bespoke craftmanship” with the development’s three top-level penthouses each boasting seperate private rooftop recreation decks.
“The Gold Coast is a visceral place that has always allowed us to make memories and mark time,” a Rothelowman spokesperson said.
“We need an architecture that emphasises the visceral and allows people to capture the everyday.”
Apartment sales on the Gold Coast have picked up pace in recent months with figures across 2021 so far outstripping the surge at the end of 2020.
Also in Broadbeach, Russian-backed Optimus Developments has completed work on its $65-million project at 31 Broadbeach Avenue.
That development similarly replaced a 1970s-style unit block, Bel Brae, and features 22 apartments across 20 levels with an elevated ground-floor beach house, 14 full-floor apartments, six half-floor apartments and a double-storey penthouse.
At 21 Elizabeth Avenue, Melbourne-based rich-lister-turned-developer Paul Little is well advanced on a $210-million, 245-unit luxury tower set to rise to 35 storeys.
Destination Gold Coast Consortiums’ $2-billion masterplan on Broadbeach Island is also quickly taking shape.
Meanwhile, two sizeable projects are currently before the council.
Gold Coast property developer Jim Raptis has lodged plans for a 40-storey tower comprising 134 apartments across a 1550sq m site at 6-8 George Avenue, while Sydney-based developer DVB Projects has also submitted an application for a 26-storey apartment tower on the corner of 2 First Ave and 88 Old Burleigh Road.