This article is from the Australian Property Journal archive
S&S Projects has been given the go ahead for its Awaken Residences project at Coolangatta, a luxury apartment development on the Gold Coast.
Awaken Residences, at 275 Boundary Street, Coolangatta, will atop the Point Danger peninsula, has three street frontage and will be comprised of 12-storeys, including a two-storey penthouse.
The development comes after the sell-out success of S&S’s $74 million Flow Residences, which sits just a block away from the new site.
“Our last development was well oversubscribed with buyers and no doubt a lot of those people who missed out will be looking to secure a place in Awaken Residences,” said Paul Gedoun, director of S&S Projects.
“These are discerning buyers and there will be no compromise with our second development at Coolangatta,” he added.
A prominent design feature for the projects is a 11-storey art installation, which will occupy 200sqm of the building’s eastern façade.
“This has never been done on the Gold Coast on this scale before where the built form provides a blank canvas that will deliver a superb cultural focal point for the community to enjoy,” said Gedoun.
The project will also hone in on the inherent features of its positioning, drawing on the 2020 urge towards lifestyle living and seachanges.
“We’re looking to bring some of the same elements that attracted so many buyers to Flow Residences into this new project, all with an eye on relaxed coastal living which is what the southern Gold Coast beaches are all about,” added Gedoun.
There have been a string of successful Gold Coast beach front apartment projects in recent months, including Sherpa Property Group’s $35 million Perspective and Cru Collective’s $40 million Siarn Palm Beach North.
Flow Residences is currently under construction and scheduled for a 2022 completion, after achieving sell-out status in four months during COVID-19 lockdowns. The average apartment at Flow sold for around $3.5 million.
The developers acquired the Coolangatta site in 2020, for approximately $8 million.
“We believe this is one of the best and most spectacular development sites not only on the Gold Coast but on the eastern seaboard and we are looking to create something extra special,” said Gedoun.
