A new six-star luxury development, COAST, on the Gold Coast is officially underway following a ground-breaking ceremony today.
The $200 million, 37-level project by Sydney-based developer Sammut Group in partnership with Alceon Group comprises 53 residences, including 38 half-floor villas, two double-storey sky homes, 11 full-floor sub penthouses and a two-level penthouse featuring a private rooftop pool and amenities.
With the previous apartment building at 43 Garfield Terrace now demolished, Multiplex will be on site immediately with COAST slated for completion in early 2025.
Sammut Group Chief Operating Officer Julian Sammut said the project has continued to persevere despite the recent raft of issues confronting the construction industry that has seen many other Gold Coast projects slow or stall.
“This is a great moment for the project, the many buyers who have been quick to be part of this opportunity, and for the Gold Coast. We have secured a fantastic partnership with Multiplex, who have an exceptional record of premier projects, which is what we demand for COAST,” he says.
COAST’s amenities include a 32 metre wet edge pool that wraps from the east to north, a yoga studio, massage rooms and sauna, function facilities, residential beach bar, breakout areas and a commercial-sized gym.
Multiplex Regional Director Glenn Robinson says his team is excited to deliver an iconic project for the Gold Coast.
“This is a higher end product than anything else we’ve delivered on the Gold Coast with its beautiful architecture, joinery and stonework. It will really challenge anything else available on the coast in terms of quality,” says Mr Robinson.