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Prominent Gold Coast developer Aniko Group are set to add another residential development to their portfolio.

The group is gearing up for its first foray into the Chevron Island market, as their plans for a striking new $110 million tower have been approved by the council.

Aniko, headed by developer George Mastrocostas, will deliver a collection of 102 apartments with a range of spacious floorplans, with a mix of two and three-bedroom offerings.

The 21-storey tower will rise at 12-16 Weemala Street, with the 1518 sqm site to be crowned by a sprawling rooftop recreation area overlooking the city skyline.

Mastrocostas said they were extremely happy to have council approval behind them, as they now look to the next phase of delivering Aniko’s signature dose of luxury to Chevron Island.

“With all approvals now in place, we are looking forward to carrying the next luxury offering into Chevron Island, which will be competitively priced against other off the plan stock in the area,” Mastrocostas said.

Positioned in the south-east pocket of Chevron Island, the project will reside just a stone’s throw from the suburb’s thriving dining and retail strip and the city’s emerging cultural precinct at HOTA.

“This pocket of the Gold Coast has a unique character that you can’t replicate elsewhere – its exclusive, its vibrant and its quickly becoming one of the most sought after residential enclaves on the coast,” said Mastrocostas.

“The Chevron project is just a short walk to Surfers Paradise, the beach, the Gold Coast’s cultural heart and all the amenities the central Gold Coast has to offer.” Mastrocostas said the apartment development would appeal to a wide buyer demographic, from discerning owner occupiers through to long-term investors when it launches to the market in the coming months.

“This project will cater to a broad market of buyers, from the interstate migrants to local downsizers or luxury upgrader, its idyllic layout makes it the ultimate location for households both big and small,” said Mastrocostas.

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Written by Alison Warters. Published by urban.com.au
OCTOBER 26, 2022