12th January 2023   FEATURED, NEWS

Trend for sky-homes and penthouses driven by boomers

LONDON: Boomers are driving the trend to develop large scale sky home units and penthouses.

New images have revealed how a giant $1.5bn mega development will transform Mermaid Beach.

Aniko Group has lodged plans with the Gold Coast City Council for the four-tower project which is earmarked for a 1.134ha site on the corner of the Gold Coast Highway and Seaside Avenue next to Pacific Fair Shopping Centre.

The project, first revealed in September by the Bulletin, has been revamped and refined and will feature four towers of 25, 30, 40 and 53 levels containing nearly 1000 units, plus 10,000 sq m of commercial office space.

Development application documents lodged with the council have featured a range of new images showing the sheer scope of the project, which will begin construction by December.

Gold Coasters have reacted with fury to plans for the biggest individual mega development in Mermaid Beach’s history being unveiled, with one declaring it was “completely inappropriate”.

Aniko Group has lodged plans with the Gold Coast City Council for the $1.5bn four-tower project which is earmarked for a 1.134ha site on the corner of the Gold Coast Highway and Seaside Avenue next to Pacific Fair Shopping Centre.

The project has been revamped and refined and will feature four towers of 25, 30, 40 and 53 levels containing nearly 1000 units, plus 10,000 sq m of commercial office space.

Aniko Group boss George Mastrocostas said he planned to begin construction on the first stage – the 30-storey tower – before Christmas 2023.