A new 54-floor residential tower has been proposed by Broadbeach Joint Venture, associated with Brisbane real estate director John Kubatov.
Located at 2 Charles Avenue, Broadbeach, the tower would become the tallest building in Broadbeach and hold the least amount of apartments for one tower.
Known as CLASS, the glass-encased residential tower will accommodate just 46 holiday and permanent residences including 34 full-floor three-bedroom apartments, a three-level penthouse, five two-floor sky homes, as well as six two-bedroom apartments.
Designed by R H Frankland, the tower will be divided into four residential precincts: podium, low rise, high rise and sky rise, reflecting the varying apartment sizes.
There will also be two levels of recreation and common areas including pools, sauna, gym, bars, media room, office, relaxation zones and event spaces.
At street level, a grand concierge-style foyer featuring a ‘green’ living wall, water features and a restaurant with bar will greet residents and guests.
The City of Gold Coast has just received the development application for the tower, which is planned for a 756 sqm corner site at the beach-end of Charles Avenue, right next to the area’s tallest existing building, the eastern Oracle tower.
Collectively, the joint venture partners will be spending more than $7 million securing the seven units in the two-level Kurrawa Lodge on the parcel.
While the site currently holds development approval for a 17-level residential-only building, the latest application seeks approval for short-term accommodation and multiple dwelling uses overall 46 apartments.
Mr Kubatov, who began purchasing and taking options on units in Kurrawa Lodge more than three years ago, said property research showed a gap in the market for ultra-high-end apartments at Broadbeach.
He said the unique position, just steps from the beach and adjoining high-end shopping, dining and entertainment, demanded a stunning world-class building.
“Ivan Lisinac of RH Frankland and Associates is the lead designer of the project and he has unveiled a jaw-dropping design for CLASS, which takes luxury apartment living to a whole new level.”
“Class Broadbeach will provide an accommodation experience unrivalled anywhere else on the Gold Coast and fill the high-end gap missed in the product mix of other developments in this distinct desirable area.”
“It will deliver a compelling accommodation choice for celebrities and highly affluent visitors who wish to stay in the central Gold Coast as well as those who wish to buy an exclusive part of beachfront Broadbeach.”
“The exposure and economic benefits for Broadbeach and the Gold Coast both nationally and internationally have the potential for an enormous ripple effect in many positive ways.”
“It will be an exceptional outcome for Broadbeach.”
The development application number for this project is MCU201800547.
