Following the sellout success of its Stanhill Chevron Island apartment project, Marquee Development Partners has received development approval to deliver a $45 million, art deco themed medium rise apartment building also on Chevron Island.
The new project, to be called The Catalina, is located on the corner of Stanhill Drive and Parnoo Street and will boast only 75 two and three bedroom apartments priced from $499,000 to $1.1 million, which will officially be released to the market this weekend (23 November).
The building has been crafted by award-winning BDA Architecture to take design cues from vibrant South Beach Miami art deco precinct, complete with leading wellness amenities including pool, sauna, gym, yoga station, spa treatment rooms, hydrotherapy shower and entertainment spaces.
Marquee Development Partners CEO Mark Spedding says the success of the recently sold out Stanhill project on Chevron Island and Peninsular Residences project in Surfers Paradise, reinforced the developer’s confidence in the Coast.
Peninsular Residences was recently selected as a finalist at the 2019 QLD UDIA awards for medium scale apartment projects in Queensland, which is further testament to the attention to detail and quality design of Marquee’s projects.
“In our view, Chevron Island is the Gold Coast’s best real estate opportunity, with the Home of the Arts (HOTA) and associated infrastructure being built, such as the new Green Bridge, creating a community that is more connected than ever before,” he said.
“We believe these changes will enhance the main street retail offerings on Chevron Island, as well as lift property values.
“We have been actively looking for development opportunities across the Gold Coast over the past year and from a purchaser perspective, nowhere else ticked all of the boxes like Chevron Island, which is central to the beach, river, restaurants and cafes, HOTA, G:Link and local parklands.
“We believe Chevron Island is on the precipice of a major uplift, with several owner occupiers actively seeking to buy on the island ahead of the changes.
“The recent sellout success of our Stanhill Chevron Island project is proof that buyers really do appreciate the amazing value of our apartments as well as the unique lifestyle amenities we create within our buildings.”
Mr Spedding says The Catalina will be a ‘one-of-a-kind project, which will combine the best qualities of Marquee’s last two buildings, Stanhill and The Peninsular.
“The Catalina will be quite a distinctive building, taking a contemporary approach to the art deco architecture that is popular in southern Florida, and very complementary to the emerging arts and cultural scene on Chevron Island with unique artwork to appear through the building interior,” he said.
“The Catalina will take in spectacular views of the river and Surfers Paradise city skyline, and will be targeted towards owner occupiers and long term rentals, with no short term or holiday letting, so there will be a real sense of community.
“Apartments will have floor to ceiling glass to maximise natural light, as well as timeless modern interiors and a grand double height lobby as residents arrive home.
“The Catalina will also feature a private dining room that can also be used as a board room, as well as a private cinema and rooftop pavilion with stunning views to enjoy with family and friends.”
For more information, please visit thecatalina.com.au