Aura Holdings gains development approval

Developer and retirement village operator Aura Holdings has gained development approval to start construction on The Pavilion residential retirement village in North Kirra on Queensland’s Gold Coast.

The Pavilion will rise to 10 storeys and contain 68 apartments with a variety of one, two and three-bedroom floorplans available.

GALLERY  

Prices will range from $495,000 to $1.28 million.

Designed by O’Neill Architecture, the project is the first retirement village in the town and is expected to cost $47.5 million.

Retail and cafe spaces on the ground floor will be leased and are expected to attract high foot traffic due to the building’s proximity to the waterfront.

Residents will share community facilities and outdoor spaces including a rooftop garden, with support and care workers on hand as an option.

“North Kirra is one of the Gold Coast’s most laid-back beach destinations with a long sandy shoreline that is irresistible to walkers, surfers and swimmers.

“The Pavilion is close to a range of facilities including restaurants and cafés, the North Kirra Surf Club, Gold Coast Airport, the John Flynn Hospital, easy north-south travel with the Gold Coast Highway and access to the casino and popular entertainment venues at Cooloongatta-Tweed Heads. There’s a convenient bus stop at The Pavilion’s door,” Aura’s website reads.

Aura launched in 2016, led by Tim Russell and Mark Taylor is currently advancing eight residential retirement village opportunities in South East Queensland.

The other projects it has in the pipeline are; Kingsford Terrace at Corinda, The Avenue Maroochydore,The Atrium Lutwyche, The Ninth Middle Ridge and The Arbour Parkwood Village.

Two proposals at Indooroopilly Golf Club and Coorparoo Bowls Club are in the early stages of development approval.

The Gold Coast City Council has recently approved updated plans and the first stage of the Pavilion and the first stage is expected to be complete in early 2021.

In December 2017 Aura purchased the 2025-square-metre site for $5.35 million.

Images courtesy of Aura Holdings


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