Construction commences on luxury Chevron Island apartments
Chevron Island will be home to a new boutique luxury residential building by early 2020, with Marquee Development Partners commencing construction today (December 4) on their latest Gold Coast project, Stanhill.
Over 65% of apartments have sold ahead of construction, making Stanhill one of the best-selling new apartment developments on the Gold Coast.
Gold Coast Mayor Tom Tate turned the first sod on the Stanhill Chevron Island site, which is being built less than 350 metres from the new Green Bridge linking Surfers Paradise and Chevron Island to the planned $380 million Home of the Arts (HOTA) precinct.
Marquee Development Partners CEO Mark Spedding said buyer demand has been extremely strong for the 61 two and three bedroom apartments on offer in the nine level building, which will boast stunning river and Surfers Paradise skyline views.
Mr Spedding said Stanhill Chevron Island was ‘the right project’ for the area.
“We decided on a boutique mid rise building so we could offer larger apartments for owner occupiers with expansive views and first class amenities on the rooftop, and buyers have responded with enthusiasm, exceeding our pre-construction sales expectations,” he said.
“With fewer neighbours, residents will be able to take full advantage of Stanhill’s resort-style facilities including a stunning rooftop entertainment area, which will feature a large spa, gym, barbeque terrace, private dining room and business lounge, all with amazing views over the river and HOTA.
“The majority of enquiries to date have been locals wanting to be at the doorstep of both HOTA and Surfers Paradise, as well as investors who recognise the opportunity to capitalise on Chevron Island’s transformation in to a cultural hub, driven by the new bridge, HOTA and retail amenity. ”
Remaining two bedroom apartments are currently priced between $539,000 and $609,000, with the developer withholding a number of top floor apartments that are now being released to market with some of the best views on offer.