The emergence of a sandy strip north of Surfers Paradise as one of the country’s most sought-after new enclaves for the uber rich is under way.
Off -the-plan sales in developer Gordon Corp’s $300-million Mantaray Marina and Residences— the first new development on The Spit at the Gold Coast for more than two decades—have been officially launched.
And two members of a Gold Coast family are among the first buyers, each snapping up a $12-million villa within the exclusive waterfront development.
Also the first project to be delivered under The Spit Master Plan led by the Queensland government following extensive community consultation, Mantaray is among a $1-billion-plus development spree heralding a new era.
Approval was recently granted for the $480-million, six-star 150-room Ritz Carlton hotel and superyacht marina project on the neighbouring Mariners Cove site.
The Spit has been dormant for more than 20 years since its heady days of development when it became the home to the upmarket Sheraton Grand Mirage Resort and former Palazzo Versace Hotel.
The Rothelowman-designed Mantaray Marina and Residences will comprise 24 two, three and four-bedroom apartments, villas and penthouses alongside a 67-berth superyacht marina and an exclusive members-only on-water lounge.
Gordon Corp chief executive Tim Gordon has partnered with pub baron Bruce Mathieson to deliver the development.
“The Mantaray provides access to a very private world,” Gordon said.
“With height limits on The Spit capped at three-levels, we saw an opportunity to deliver something truly boutique yet grand in scale, with an emphasis on lifestyle, outlook and space.”
He said the family members who had purchased the two four-bedroom villas were downsizing from their homes in nearby Paradise Waters and were drawn to the privacy, security and absolute waterfront position of the Mantaray residences.
They were among the pre-launch inquiries fielded mostly from local residents.
“Those who live and breathe the Gold Coast are very passionate about The Spit,” Gordon said.
“And there are only a finite number of residences that can ever be built on this protected peninsula, with the balance of developable land predominately dedicated to hotel and recreation uses.”
The Mantaray’s superyacht marina has been designed to “platinum gold anchor status” and will provide long and short-term berth leasing, direct ocean passage through the Gold Coast Seaway and year-round deep-water access, world-class marina operations, on-site security, and full-service concierge.
“The Mantaray Club is the centrepiece of the superyacht precinct, providing an unrivalled marina and clubhouse experience,” Gordon said.
A retail plaza will provide a link connecting the precinct to its surrounds and providing access to nearby restaurants and cafes.
Article source: Queensland Property Investor
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