Australian construction company Hutchinson Builders has begun construction on Sunland Group’s flagship tower development 272 Hedges Avenue in Mermaid Beach, Queensland, Australia.
Hutchinson Builders has been appointed to deliver the preliminary phase of works.
The 45-storey residential tower, which consists of 97 luxury apartments, has an estimated end value of A$250m ($181.8m). It is the Sunland Group’s first high-rise on the Gold Coast in over a decade.
Sunland Group managing director Sahba Abedian said that stage one basement works have commenced on site and tower construction will commence in 2020. The tower is scheduled to be completed in 2022.
Abedian said: “We are very pleased to be collaborating with Hutchinson Builders on this flagship development. As one of Australia’s oldest and most trusted builders, they have delivered some of our country’s most celebrated landmarks.
“More than 90% of purchasers at 272 Hedges Avenue are local owner-occupiers who understand the unparalleled lifestyle benefits of its location, and the privacy and amenity afforded by the absence of short-term accommodation provisions.”
The 272 Hedges Avenue beachfront tower, located near the retail and dining precincts of Broadbeach and Pacific Fair, and The Star Hotel and Casino, is already 60% sold. Prices start from A$1.845m ($1.34m).
Private resident amenities include a concierge service, lounge, boardroom, function room, swimming pool, spa, gym, sauna, hammam steam room, and treatment rooms.
Hutchinson Builders team leader Rohan Barry said: “Hutchies is honoured to be working with Sunland on this flagship apartment development – it will be one of the Gold Coast’s most sought-after addresses.”
Hutchinson Builders managing director Greg Quinn said that the family-operated company was established in South East Queensland in 1912.
He said: “Our industry leading constructors will bring expertise, local knowledge and the best project partners to deliver this high-quality development with Sunland Group.”
Established in 1983, Sunland has delivered some of Australia’s most celebrated developments. The group’s portfolio includes 4,564 residential homes, urban land lots, multi-storey apartments, and 27,000m² of retail, with an estimated end value of $3.3bn.
Image: Rendering of Sunland Group’s beachfront residential tower in Mermaid Beach, Queensland, Australia. Photo: Courtesy of SUNLAND GROUP.