A $100 MILLION waterfront project offering almost 230 apartments is poised for launch to the Hope Island market.
Anchorage Apartments will boast 228 residences aimed at first-home, investor and owner occupier buyers keen to gain a foothold in one of the Gold Coast’s leading growth areas.
Developer Richope Pty Ltd has recently gained development approval for a revised plan that increases the number of two-bedroom apartments while drastically reducing the one-bedroom configurations.
Richope Pty Ltd spokesperson Reza Niari said apartments would be priced from the low $300,000s.
“We have received considerable inquiry since the revised DA was secured and we are looking forward to formally launching Anchorage to a very receptive marketplace,” he said.
“Hope Island continues to strengthen as a lifestyle destination, with world-class resorts, golf courses and waterways in place and so much more underway or in the pipeline.
“Our plans have been bolstered by news that a development application has been lodged for the Hope Island Town Centre, which will be the retail and commercial heart of the area.”
Mr Niari said construction would start on the project in the second half of the year with the first stage of apartments expected to be complete eight months later.
Anchorage Apartments will take shape on a 1.69ha site on Sheehan Avenue, just 300m from the Coomera River and the Broadwater beyond.
The one, two and three-bedroom apartments will have water views and be set amid resort-style amenities including a gymnasium, boat jetties, 6000sqm of open space and a small retail precinct with a cafe and convenience store.
Each apartment will have a double car space and a low body corporate fee while residents will have access to a communal vegetable garden.
Marketing agent Greg Shipton, of McGrath Projects, said he expected Anchorage to be well received by the market.
“The affordable price point, prime waterfront location and array of facilities will appeal to the target buyer market,” he said.
“Anchorage will offer prospective buyers the opportunity to get a quality foothold in a leading lifestyle area as it undergoes a resurgence in growth and activity.”
Hope Island has residential projects worth a combined $500 million underway and has benefited from the arrival of a major medical centre, aged care facility and childcare centre.
The Queensland-based developer maintains a low-profile and has delivered low-rise and mixed-use projects in Hervey Bay, Bundaberg and the Gold Coast since 1990.