Gold Coast developer Aniko Group has been granted development approval for a $2 billion four-tower mixed-use project at Mermaid Beach as the company progresses plans to transform a long vacant site on the western side of the Gold Coast Highway.
The development, named The Landmark, has been described by Aniko as one of the largest ever undertaken on the Gold Coast with the end value doubling over the past year since the company first announced its plans.
The Landmark will deliver a residential, hotel and commercial precinct at the doorstep of the Pacific Fair shopping centre that the company says will become a vibrant residential-resort destination for the coastal suburb.
The 1.1342ha site, located on the corner of the Gold Coast Highway and Seaview Avenue, will become home to an integrated collection of residential apartments, offices, medical services, a luxury hotel and a ground-floor retail and dining precinct.
“We are thrilled to have been granted approval to proceed with this transformational development that has been designed to create a self-sufficient environment within a community where people can live, work and play,” says Aniko Group managing director George Mastrocostas.
Aniko Group, a prolific Gold Coast-based developer that has made its mark with apartment projects at Hope Island in recent years and is currently moving to construction of the $150 million Orama apartment project at Chevron Island, plans to deliver The Landmark in four stages.
The Landmark will comprise three residential towers of 25, 30 and 40 storeys, plus a 53-level tower that will include a mix of hotel suites and private hotel-branded residences.
Residents, commercial tenants and hotel guests will have access to a recreation podium that will span 1ha, or almost the entirety of the site.
“The Landmark will have every conceivable amenity on site for residents, hotel guests and office tenants while being just a short walk to everything that Mermaid Beach and nearby Broadbeach have to offer,” says Mastrocostas.
“Residents will have access to facilities they are more likely to find in a holiday resort while hotel guests will have ready access to everything the Coast has to offer from the beach to shopping and theme parks.”
The Landmark, designed by Plus Architecture, will ultimately comprise 821 residences, more than10,000sqm of A-grade commercial office and medical space and a dedicated ground-floor dining precinct that will offer world-class waterfront fine dining adjacent to Pacific Fair.
“This will create a new must-visit location for Mermaid Beach that further enhances the existing lifestyle and dining facilities in nearby central Broadbeach,” says Mastrocostas.
Aniko is planning to officially launch The Landmark to the market in early 2024 with construction of the first stage expected to begin by the end of next year.
Get our daily business news
Sign up to our free email news updates.