Gold Coast developers, Soheil and Sahba Abedian of Arium Group, have submitted a revised development application for the Greenmount Beach House Resort in Coolangatta. The father-and-son team, who are the chairman and managing director of Sunland Group respectively, are spearheading the project through their private company, Arium Group. Arium acquired the 8,260sqm Greenmount site from Sunland in 2021 for $42.3 million. The developers plan to introduce the luxury residential project to the market in the coming year.
The proposed development aims to transform the existing nine-storey Greenmount Resort, a three-star hotel that has been an iconic feature of Coolangatta’s tourism landscape for 43 years. Arium intends to construct a 15-level development on a section of the site bounded by Hills Street and Eden Avenue. The first stage of the project, situated on the western side of the current resort, will encompass the hotel carpark. This initial phase, covering a 2,934sq m lot, is part of a comprehensive three-stage plan for the Greenmount precinct.
According to planning documents, the first stage will feature four apartments per floor on levels 1 to 13, along with two penthouses on level 14. The eastern penthouse will boast a private rooftop recreation space on level 15, complete with a pool, entertaining area, gym, steam room, and sauna, providing stunning views of the nearby Snapper Rocks surf break. The ground level and basement will offer approximately 1,000sq m of communal open space, including amenities such as a pool, terrace seating, breakout zones, gym, yoga studio, meeting and function rooms, and a health and wellbeing facility. Extensive landscaping will also be incorporated into the proposed tower.
The Abedians, renowned for their notable Gold Coast projects like the Q1 and Circle on Cavill, are pursuing this private development while Sunland Group nears the end of its operations. Sunland, which distributed $1.40 in dividends to shareholders this year from asset sales and development profits, announced in February that it would no longer have new or active projects or substantial business assets after June 30. In 2017, Sunland had initiated preliminary steps to redevelop the Greenmount site, which it had acquired for $26 million the previous year.
Recently, Sunland sold a separate 1,194sqm parcel of land on Marine Parade, adjacent to the strategic site, to design firm Joe Adsett Architects for approximately $12 million. Adsett has since commenced the development of the $100 million Rockpool Rainbow Bay on that location.
In contrast to Sunland’s initial plans, Arium Group, having divided Greenmount into three separate lots, has scaled back the number of apartments proposed. The first stage of development will consist of 54 boutique apartments, with four per floor up to level 13 and two penthouses on level 14. Arium does not intend to develop the remaining lots until after completing the first stage, pending council approvals.
To design the project, Arium has enlisted the expertise of Gold Coast-based firm Contreras Earl Architecture, known for its collaboration with several Sunland projects in recent years.
The development aims to provide ground floor amenities accessible to the public, including gardens and outdoor spaces. Additionally, one of the penthouses will feature a rooftop terrace with gardens, a kitchenette, and a swimming pool offering picturesque ocean views.
The revised plans for the Greenmount Beach House Resort showcase the Abedians’ commitment to creating a luxurious and contemporary residential project in Coolangatta. With their extensive experience in landmark developments on the Gold Coast, including the iconic Q1 and Circle on Cavill, the Abedians are well-positioned to bring their vision to life.
The transformation of the Greenmount site into a premier residential destination represents a shift in the tourism landscape of Coolangatta. The nine-storey Greenmount Resort, which has been a popular choice among visitors for over four decades, will make way for a modern and sophisticated development.
A collaboration with Contreras Earl Architecture ensures that the design of the Greenmount Beach House Resort will align with the highest standards of contemporary architecture. The expertise of Contreras Earl Architecture, combined with the Abedians’ proven track record, promises an exceptional development that will enhance Coolangatta’s appeal as a sought-after destination.
Note: The information presented in this article is for general informational purposes only and should not be relied upon as legal, financial, or professional advice. While we make every effort to fact-check and verify the information presented, we cannot guarantee its accuracy or completeness. Readers are encouraged to independently verify any information they find on our website and to consult with relevant professionals before making any decisions based on the information presented.