Local developer Aniko Group is forging ahead with its Grant Avenue project in 2021 and has plans for a further New York-inspired development for the precinct.
ANIKO Group is entering 2021 armed with a raft of new projects aimed at reshaping the northern Gold Coast suburb of Hope Island.
The developer has unveiled further plans for its $140 million No.1 Grant Avenue project on the island, which will be followed by a New York-inspired apartment project at No. 35 Grant Avenue.
The Gold Coast-based company late last year lodged a long-awaited DA for a site at 6-8 Sickle Avenue, located adjacent to No.1 Grant Avenue, where the developer plans to build a statement luxury entryway into the Hope Island precinct.
George Mastrocostas, the managing director of Aniko Group, said that the rapid sell-out of stage one gave them the confidence to fast-track the launch of stage two.
“To have achieved such exceptional sales and demand for our projects during a year that was filled with a lot of uncertainty is a testament to the offering we have brought to market,” Mr Mastrocostas said.
The second stage of the $140m development, which was only recently released, has already generated $40 million in sales, after buyers pounced, snapping up 70 per cent of the 105 one, two and three-bedroom apartments.
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Originally published by Gold Coast Bulletin Real Estate Guide, January 23, 2021