The Gold Coast based Aniko Group have lodged plans for a huge $1b mixed-use 4 tower precinct on a famous Mermaid Beach Gold Coast Hwy site, which has sat vacant for several years.
Aniko’s 1.1342ha site sits on doorstep of the Pacific Fair shopping centre, across from its eastern connection bridge that links to the Gold Coast Hwy. The total site area is made up of several amalgamated lots that front the Gold Coast Hwy and it’s the neighbouring side roads of Seaview Avenue and Brightlands Court.
The ambitious project will feature over 1000 residential apartments, over 5000sqm of office space, a luxury hotel and a waterfront dining precinct that will face the popular Pacific Fair Shopping Centre. This projects ground floor facing waterfront dining precinct has over 100 metres of frontage to work with, giving it a favourable design element to work with.
The proposed development will take advantage of what locals have referred to as a ‘bomb’ site, dubbed this for its entire block topography having sat dormant for decades. With large coastal strip sites running thin for developers, it was only a matter of time before these sites would be taken up and developed by ambitious project developers looking to capitalise on the booming glitter strips ever growing popularity.
“We have developed a scheme that includes an activated ground-floor waterfront fine dining precinct that will elevate our resident and visitor experience,” said Aniko Group managing director George Mastrocostas.
“Stepping up off the ground into commercial offices provides a supply of new office space that the area has been seeking.”
“Capping off the scheme is a residential offering harnessing the incredible sight lines across iconic beaches into the open ocean and the hinterland, while residents and visitors will be just a short stroll from an array of Gold Coast beaches.”
“Mermaid Beach has become the Gold Coast’s most dynamic beachside suburb, and this development will create a new beating heart for the area,” said Mr Mastrocostas.
The site sits at the northern end of what the Gold Coast development community has dubbed “The Final Frontier”, a long stretch of coastal locality that has not yet been rezoned to support large scale multi-residential use. The strip runs from Peerless Avenue in Mermaid Beach all the way down to the end of Nobby’s Beach. With projects like this master planned mixed-use community being delivered, adding more density pressure into the exploding Gold Coast market, the council will no doubt revisit it’s zoning into the coastal strips in the future.
Aniko Group have engaged the Plus Architecture firm to deliver the master planned community through its development application.
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