Unison Projects, owned by Amart Furniture founder John Van Lieshout, has picked up a Gold Coast residential development site for $5.5825 million.
The 9212 square metre parcel, Lot 102 Santa Monica Boulevard, Hope Island was offered permit-ready for a seven storey tower with 89 dwellings.
Instead, the executive will aim to build 42 multi-level townhouses (artist’s impression, top) – each with four bedrooms – penned by BDA Architecture.
“Housing supply is an ongoing issue on the Gold Coast and infill sites such as his one remain critical to the development of new residential stock,” JLL’s Liam Peterson, who brokered the deal with Jake Burrowes, said.
“This is especially important in areas such as Hope Island which are already tightly held against firm projections for ongoing and expansive growth,” he added.
“Looking to the future, the wider Ormeau-Oxenford region is expected to welcome some of the coast’s largest population increases over the next few decades,” according to the executive.
“Hope Island is tipped to be a strong driver of this growth”.
Unison holds a significant portfolio of south east Queensland investments and development sites.
In 2021, Mr Van Lieshout outlaid $17.5m for a large format retail asset in Brisbane’s MacGregor (story continues below).
Change of plan
At Hope Island, Unison is also planning communal spaces, specifically a pool, spa, sauna, fire pit and outdoor dining space.
“The location of this enclave at the end of Santa Monica Blvd provides outlook over the adjoining golf course and direct access to the canal boardwalk with open space, shopping, the marina and restaurants close by providing ample recreation opportunities,” Unison project partner Shannon Down, said.
“The northern area of the coast is undergoing unprecedented growth, with heavy appetite for residential land in suburbs including Hope Island and nearby Coomera,” he added.
“It’s a trend we expect to see strengthen as the coastal population trends upwards and housing demand intensifies,” according to the executive.
The builder lodged a Code Assessable Application with the Gold Coast City Council this month.
Hope Island is about 17 kilometres north of Surfers Paradise.
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