$1.5B masterplan filed for mixed-use Mermaid Beach site

Aniko Group has filed plans for a $1.5-billion project at Mermaid Beach on the Gold Coast.

If approved by the City of Gold Coast Council, the prominent site, totalling 1.13ha, will become a masterplanned mixed-use development. The proposal comprises four towers of 25, 30, 40 and 53 storeys, consisting of residential apartments, a luxury hotel, offices, retail, and food and beverage outlets.


It will amalgamate 16 smaller sites to help “reinvigorate the existing Pacific Fair Drive” and “revitalise the existing under-utilised canal edge to create an active green space”.

Designed by Plus Architecture, the towers will have 973 apartments of one, two and three bedrooms, as well as sub-penthouses and penthouses. The floor plans will range from 60sq m up to to 5000sq m for the penthouses.

Aniko Group said the apartments would be aimed at owner-occupiers, downsizers, investors and ‘lock-and-leave’ holiday homeowners.

The Mermaid Beach site, dubbed the Seaview Avenue Masterplan, will also boast 10,000sq m of A-grade office space, and a a “recreation podium” with a lagoon pool, separate lap pool, sauna, steam room and gym.

Additional amenities at the “integrated resort”, which would have 100m of water frontage to the west of the property, facing Pacific Fair, include a bowling alley, multi-use courts, an arcade and a children’s play area.

Aniko acknowledge that there will be a “vast” amount of carparking required for the site, and has accommodated multiple basement levels as well as podium parking.

The developer plan to deliver the project in four purposely individual stages over the next six years—Aniko Group managing director George Mastrocostas said it would become a “must-visit location” that builds upon the existing lifestyle and dining facilities in nearby Broadbeach.

“With the support of the council, we intend to reinvigorate the existing Pacific Fair Drive with retail, food and beverage tenancies which will invite and encourage pedestrian movement along our site and towards the canal edge,” he said.

“The inclusion of a commercial component to the project will create a local hub for a range of businesses and services located within walking distance to accessible public transport.”

“With these lifestyle and connectivity considerations key components of the master plan, this project will certainly be a game-changer for Mermaid Beach as residents and visitors can live, work, eat and play all within the same vicinity.”

Via The Urban Developer

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