01 Sep $100 Million Hope Island Project About To Launch
The $100 million Anchorage Apartments project on the waterfront at Hope Island on the Gold Coast is about to be launched.
Developer Richope Pty Ltd has gained development approval for its revised plan which increases the number of two-bedroom apartments while drastically reducing the one bedroom configurations.
Richope Pty Ltd spokesperson Reza Niari said the 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.
“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.
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.