A SOUTH Australian company will build 37 three-storey villas at the Gold Coast’s Emerald Lakes as part of a new project worth more than $15 million.
Urban Construct has entered a joint venture partnership with Emerald Lakes developer Nifsan and the villas will be the first project.
The villas feature two and three bedroom configurations, a number of which will be waterfront properties, with prices starting in at the high $300,000 mark.
CEO Todd Brown says Urban Construct’s first foray into Queensland will stand as an indication of the kind of quality project the company is looking to pursue in this state.
“We have been anticipating commencing work in Queensland for quite some time—we are happy to now be able to announce that this project is going ahead, marking what we believe is the start of a long and productive presence in this state,” says Brown.
“In Emerald Lakes, Nifsan have developed one of Australia’s best masterplanned communities, and The Islands will continue this focus on providing quality properties for both residential and investment buyers.
“What we are developing is a competitive option for luxury waterside living that will be particularly attractive for first home buyers, empty nesters, and investors.
“This development will inject stock into the market which is largely unlike anything else at the moment. There isn’t a great deal of waterfront property being developed currently, and certainly not at these price points."
Urban Construct is South Australia’s largest and most prolific development company, with over $6 billion worth of visionary projects in various stages of planning and construction.
Construction on the project is due to commence in late January.
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