Southport Central T1 opens

THE first stage of the $700 million Southport Central development, Tower 1, has been officially opened by Queensland Premier Peter Beattie.

The 40-level tower, on the corner of Scarborough and Lawson streets, is the first of three towers to be built on the mixed-use site, which formerly housed the Southport State School.

Tower 1 comprises 31 levels of luxury residential apartments set above eight levels of commercial office suites and a thriving ground-floor retail area.

The triple-tower development is the largest mixed-use development under construction in Australia.

Raptis Chairman Jim Raptis says the opening of Tower 1 marks the continuation of the revitalisation of one of the Gold Coast's most historic suburbs.

"After years of being overlooked in favour of other areas like Surfers Paradise
and Main Beach, Southport is now undergoing a renaissance of major proportions,'' says
Mr Raptis.

"People now talk about the changing face of Southport and we are extremely pleased to be able to share in the transformation of this great suburb. Southport Central will have a greater impact on urban renewal than we have seen with the Towers of Chevron Renaissance, in Surfers Paradise, and our earlier developments, like the Phoenician in Broadbeach," he says.

"It is encouraging people back to Southport, not just from a business sense, but to live, shop and dine."

The three towers will dominate the 1.8ha site, offering panoramic views across The Broadwater, the Surfers Paradise skyline and The Hinterland.

Tower 1 features 268 apartments in a range of two and three bedroom layouts from 71sqm to 130sqm.

Settlements of residential apartments in Tower 1 were finalised in August, paving the way for the arrival of the project's first residents. The building's retail and commercial component also has been well received by the market.

When the total development is complete, Southport Central will deliver 730 new luxury apartments, some 350 commercial office suites and 75 ground-floor retail tenancies.

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Investors sour on Aussie Broadband's new challenger brand Buddy Telco with $10m marketing cost

Investors sour on Aussie Broadband's new challenger brand Buddy Telco with $10m marketing cost

After rival Superloop (ASX: SLC) scooped up its white labelling agr...

Golden handshakes to departing ASX100 CEOs hit 12-year high

Golden handshakes to departing ASX100 CEOs hit 12-year high

Around one in every six CEOs of ASX100 companies left their job&nbs...

Maggie Beer Holdings CEO Kinda Grange resigns just 16 months into the job

Maggie Beer Holdings CEO Kinda Grange resigns just 16 months into the job

The revolving door of leadership at Maggie Beer Holdings (ASX: MBH)...

Dreamworld owner reports improved ticket sales despite severe peak season storms

Dreamworld owner reports improved ticket sales despite severe peak season storms

The owner of Gold Coast theme parks Dreamworld and WhiteWater World...