Multi award-winning Marquee Development Partners will launch its fourth Gold Coast project in just two years, after receiving development approval for 96 apartments on an absolute riverfront site at Cannes Avenue, Surfers Paradise.
The project will be called Cannes, after the French Riviera-style architecture that will define the character of the building.
Cannes will be developed on a 2,339sqm site, which is the largest absolute riverfront lot remaining between Broadbeach and Main Beach on the beach side of the river, and was held by the same family for more than 60 years before Marquee’s acquisition in late 2019.
Cannes is expected to be launched to the market at the end of this month (February), with two, three and four bedroom apartments and penthouses, available priced from $554,900 to $2.2 million.
Designed by award-winning DBI Design Architects, purchasers will have 14 floorplans to choose from, with apartments boasting top shelf finishes including induction stove tops, integrated Miele appliances, walk-in robes and 40mm stone.
Marquee Development Partners CEO Mark Spedding says Cannes is the result of years of actively scouting the Gold Coast for the right development sites.
“We always walk the site and imagine what it would be like living there before we make an acquisition. We stood on the Cannes site, took in the stunning views and fell in love with it.” he said.
“Cannes will occupy what is undoubtedly one of Surfers Paradise’s best sites, tucked away in a quiet, leafy street, yet still just a short walk to the G:Link, nearby parklands and the beach just six minutes away.
“Our vision for Cannes was to create a project that has the same level of amenity as an exclusive resort, but is targeted to long term owner occupiers, particularly those looking to downsize.
“Cannes will be our most feature-packed project to date and is unlike anything else seen on the Gold Coast.
“Residents will have exclusive use of a rooftop recreation deck complete with wellness facilities such as a gym, hydrotherapy showers, treatment rooms and yoga terrace, complemented by a riverside lap pool, sauna and boat pontoon.
“To top it all off, there’s a rooftop lounge and barbeque area with a fire pit, private dining and board room, billiards room and library, taking in 270 degree views of the city skyline, ocean, river and hinterland.”
DBI Design Director Barry Lee says Cannes’ unique location, amenity and quality apartments had come together to create the ideal address for those seeking a coastal lifestyle.
“All of the apartments have a minimum 10 metres of frontage, making them as wide as some homes, and because Cannes is positioned on an outside bend of the river, the apartments capture views right up both stretches of the river, with northern aspects over the water to the city skyline,” he said.
“We worked collaboratively with Council to create a facade and podium that is in line with the Gold Coast City Plan and celebrates the high quality architecture of the family home that previously occupied this site, while embracing the namesake of its location – Cannes.”
Mr Spedding says construction of Cannes could commence as early as mid 2020, with a sales centre already established on site.
“We took the initiative to establish our sales centre on site ahead of the Christmas break, and we have already been overwhelmed with enquiries for Cannes, ” he said.
“Based on recent enquiry, we anticipate most buyers will be local owner occupiers either downsizing from a home or already in an apartment and looking to upgrade, who appreciate Cannes’ premium location, boutique offering and high level of amenity with low body corporate fees.
“As with all of our projects, we have worked really hard to deliver excellent value for money relative to the level of quality and amenity on offer.”
Marquee has become one of the most active developers in the Gold Coast’s central coastal precinct, with Cannes following the recently completed and sold out 60-river side apartments at Peninsular Residences in Surfers Paradise, 61 apartments in its Stanhill project on Chevron Island which is sold and out ready for residents to move in April 2020, and The Catalina, featuring 75 apartments now selling also on Chevron Island.