Melbourne-based real estate developer Hirsch & Faigen is on the verge of a sellout for its inaugural $350 million Gold Coast portfolio. Two projects are nearing completion, while construction of a third is well underway.
The first project, the $75 million Hemingway Palm Beach, has successfully secured buyers for all its apartments. The subsequent $75 million Emerson Kirra is only a penthouse away from a complete sellout. The company’s largest development to date in Australia’s premier lifestyle market, the $200 million Yves Mermaid Beach, is currently 90% sold, with confidence that the remaining units will be sold in the coming months.
All three projects are being constructed by Hutchinson Builders, one of Queensland’s largest and most reputable builders, with the design of each tower designed by the renowned firm Rothelowman. Hemingway and Emerson are both approaching completion, while Yves Mermaid Beach is progressing with construction reaching the ground floor level after the recent completion of the basement carparking.
Daniel Faigen, director of Hirsch & Faigen, emphasized the company’s commitment to the Gold Coast market, stating,
“When we entered the Gold Coast market with our first project in early 2021, we did so with a great deal of confidence that we could replicate the quality we are renowned for in Melbourne on the Gold Coast, but with that distinctive coastal style that buyers in the region expect.”
With only one apartment remaining at the nearly completed Emerson Kirra—a full-floor penthouse with unrivaled ocean and city skyline views priced at $10 million—the success of Hirsch & Faigen’s Gold Coast ventures is evident. Yves Mermaid Beach, consisting of 146 luxury apartments over 25 levels, has only seven residences left, generating strong interest from a diverse range of buyers.
Matt George, Sales Director for Hirsch & Faigen, highlighted the diverse buyer profile, stating,
“We’ve witnessed strong sales from southerners who are seeking generous living spaces where they can be host to visiting family. Whereas, on the other end of the scale, we’ve been inundated by sales from local buyers who are looking to downsize from a house to an apartment, without compromising the Gold Coast lifestyle they love.”
Yves apartments are priced from $1.05 million to $1.3 million, with penthouses ranging from $5 million to $6.5 million. The success of these projects has fueled Hirsch & Faigen’s interest in future developments on the Gold Coast, with Faigen stating,
“The Gold Coast will remain a focus for us in the future.”
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