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Development rush brings cash and jobs to Coast

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Development rush brings cash and jobs to Coast

PRESS: COURIER MAIL ARTICLE

AN END-OF-YEAR rush of development applications will inject up to $150m into the Gold Coast economy and create more than 400 jobs.

Leading developers taking advantage of strong sales figures in recent months are pressing the button on new projects in the hopes of breaking ground in 2021.

Aniko Group, one of the city’s most influential developers, has now filed plans for a giant $125m residential project at Hope Island which is set to dramatically alter the skyline of the resort suburb.

The unnamed development, which will feature two eight-storey towers spread across an 8244sq m site on Sickle Ave, is one of the biggest projects put forward for the up-market enclave.
Aniko Group boss George Mastrocostas, who is also behind the nearby $140m residential development No. 1 Grant Ave, said high sales and an influx of new Gold Coasters made fast-tracking his new project a no-brainer.

Excerpt only. Continue reading at Courier Mail

Originally published by Courier Mail
Article by Andrew Potts, December 28, 2020

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