Gurner™ has arrived on the Gold Coast with big plans to deliver a $600 million resort-precinct just moments from some of Australia’s best beaches.
The ambitious developer has joined forces with Melbourne-based investors, Wingate, to take the reins of a 13,000sqm site in the heart of the coastal city that was previously earmarked for a twin-tower development totalling 1,000 apartments.
Located at Budds Beach, the vast 3.2-acre site will be transformed into a world-class mixed-use hub with residential, family-focused resort living, hotel, retail, and hospitality facilities.
Rich Lister Tim Gurner tells of his excitement in landing the mega-project and what it will bring to the Gold Coast.
“It will create an environment like no other in Australia,” he says.
“We have a very ambitious goal for this site in terms of a complete offering for our clients and I believe it is something that has not been delivered in the world before and will be a surprise to the market when we can reveal it in the coming months.
“We have been looking at the Gold Coast and Sunshine Coast for a considerable amount of time, but we wanted to find a site that would allow us to do something really special and not just ‘another tower’ on the Gold Coast.”
The site’s previous plans will be given a complete redesign, with 500-600 apartments set to be built over several stages.
Wingate managing director of property, Mark Harrison, says the two partners are a match made in heaven and are both poised to capitalise on the growing appeal of Australia’s east coast.
“Gurner™‘s track record and ability to deliver market-leading developments at scale means not only can they identify and maximise the site’s potential, but they have the capabilities to bring their ambitious plans to life,” he says.
“Not only is the Gold Coast an attractive holiday destination but more Australians are now choosing it as their principal place of residence. We believe this project will launch at the right time to capitalise on this momentum and deliver supply across a number of different product classes.”
Plans for the landmark project are set to be submitted in the next two or three months, with the country’s top architecture firms currently being sounded out.