Amalgamated Property Group has fast kicked off construction of its latest apartment development, Amaya, their $160 million tower in Broadbeach.
The project, which is a joint venture between APG and Base Developments is now on track for completion in late 2024. Gold Coast Builders GCB Constructions kicked off the earthworks in December, and started the foundation work in January.
More than 40 per cent of the 120 apartments have sold at Amaya, which will rise on a prime 1214 sqm site at 30 First Avenue on the quiet northern end of Broadbeach.
Nicholas Clydsdale, Senior Director of CBRE Residential Projects, said the combined strength of APG and Base Developments and their ability to commence projects without financial restrictions imposed by lenders, positions Amaya as a rare gem in the current market where buyers are seeking certainty.
“We are seeing a flight to quality in the market and the top priority for apartment buyers at present is certainty of delivery and product quality,” Clydsdale says.
“Both APG and Base have an enviable reputation for project delivery that underpins the success of the many projects they have undertaken on the Gold Coast and nationally.
“The strong financial backbone of these companies has enabled the project partners to progress construction without delay, well before sales targets have been achieved. Our team is anticipating sales will accelerate as Amaya starts to come out of the ground.”
Amaya, which is located just 300 metres from the beachfront, will deliver a premier residential address comprising generous floorplans and high functionality to suit downsizers, allowing them to take full advantage of the idyllic coastal lifestyle Broadbeach offers.
Designed by Gold Coast architecture firm DBI Design, Amaya presents a collection of two and three-bedroom residences featuring floor-to-ceiling windows to take advantage of coastal and hinterland views, as well as large balconies, contemporary yet timeless interiors and materials with high-end fixtures to complement a modern lifestyle.
Amaya’s two-bedroom apartments are priced from $935,000 and offer around 100 sqm of living space, while three-bedroom layouts will offer generous living areas of nearly 150 sqm.
A limited collection of half-floor apartments have just been released to the market, from level 27 up. They have over 250 sqm of living space.
Amaya residents will have exclusive access to two floors of state-of-the-art resident-only facilities, including a gym, sauna, steam room, pool, spa, barbecue and patio, all enhanced by green outdoor spaces with resort-style zones.
Amaya has been designed to seamlessly connect residents with all that Broadbeach has to offer, from the beachfront, to the river, restaurants, shops and a G:link light-rail station just 150 metres away offering easy access to Surfers Paradise, Pacific Fair and eventually Burleigh Heads with completion of the next stage which is currently under way.
Among the recent buyers have been Gold Coasters downsizing from large family homes and looking to move closer to the beachfront. Interstate families and couples have also been attracted to the development and its proximity to the array of urban amenities at Broadbeach.
“For many buyers, Amaya is an upgrade from their current home by offering three-bedroom homes with the combination of luxury interior design and spectacular views; it is ticking all the boxes and providing everything they’re looking for,” Clydsdale added.
Clysdale said many of the interstate buyers have been regular holidaymakers to Broadbeach.
“[They’re] looking for a combination of premium amenities and finishes with a quiet location close to the heart of the action.
“Amaya’s generous floorplans and their high functionality have made Amaya a compelling choice for many of these buyers who are quite discerning and want to ensure their beachside home will work for them in reality.”
Article source: Queensland Property Investor