Green light for Sentinel’s first Queensland project
Sentinel Real Estate, not to be confused with Warren Ebert’s Sentinel Property Group, has won permission to develop its first Queensland project – a carbon neutral build to rent complex on the Gold Coast.
The Australian arm of the New York City based investment house did away with a permit for four eight storey apartment complexes that came for the 1.4 hectare Robina block, 5-8 Stadium Drive, picked up for c$17 million in February.
Its new proposal – for two nine level buildings – will however retain the same number of units, at 300.
About 370 car parks and 120 bike bays are also planned as is resident-only amenity including a pool, gym, theatre and outdoor barbecue area.
All up, the project, 10 kilometres south of Surfers Paradise, will contain c41,799 square metres.
Cera Stribley is the architect.
Sentinel now has 1600 Australian build to rent units mooted or under construction – including in Perth’s Scarborough and in Victoria, at West Melbourne, incorporating the Don Kyatt Group’s ex-parts warehouse (story continues below).
5-8 Stadium Drive, Robina
Sentinel’s in-house property platform, Kinleaf, will manage the BTR portfolio.
“Our upcoming development on Stadium Dve will transform into a vibrant and engaged rental community that offers its residents thoughtfully and sustainably designed apartment living that sets a new benchmark for the area,” the company’s Australian managing director, Keith Lucas, said.
“Future residents can expect to enjoy high quality fixtures and finishes, convenient access to a range of premium amenities within their building and a refined rental experience against Robina’s natural beauty and convenient location,” he added.
“Queensland’s housing market is evolving and we relish the opportunity to apply our proven expertise in delivering and managing well-designed rental apartment communities to deliver more quality housing options to the local market and support the state’s growing population,” according to the executive.
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