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LONDON: An application has been made to create an ultra luxury unit complex for baby boomers.

The entrance to the Gold Coast’s most exclusive enclave will be redeveloped into a multimillion-dollar luxury unit complex.

Core Property Partners has lodged plans with the Gold Coast City Council to build the Sovereign Mile complex on the eastern side of Paradise Point’s Sovereign Islands.

The Sovereign Islands are home to some of the state’s most expensive property and some of the Coast’s most wealthy and influential figures with notable residents have included billionaire businessman and former politician Clive Palmer and V8 Supercars legend Dick Johnson.

The three-storey, two-building project will cover more than 9000sq m and will feature 16 ultra-luxury three-bedroom units spread across two buildings.

It will also be home to a restaurant and bar, retail outlet, and real estate office and rooftop resort pool.

It will replace the existing real estate and boat sales office buildings at the site which were constructed more than 20 years ago next to the bridge connecting the enclave with the mainland.

Core, in papers lodged with the council, say: “A mixed used development, the project aims to provide new luxury amenity that harnesses the site’s unique qualities, while also serving as an architectural landmark that enhances the character of the area, heightened by the unforgettable and beautiful place-making capabilities for the Island.

“These new features make this unique site accessible to more than just its residents, allowing the natural assets and contemporary architecture to be experienced by visitors and island residents alike.

“This gateway site location is defined by its bridge arrival to the island location, its immediate connection to the water and natural environment, and by the style and grandeur of the surrounding luxury yachts in its marina.”

According to the planning report, its features will include:

• A restaurant and patisserie with an outdoor dining area.

• A wine bar for both residents and the public.

• A real estate and marine sales office.

The complex will have 85 carparking spaces.

Area councillor and city planning boss Cr Cameron Caldwell welcomed the project but said it was critical to get it “right”.

“Sovereign Islands is an iconic residential estate and demands an iconic gateway development,” he said.

“Council will undertake a thorough assessment to ensure that the proposal meets city plan requirements particularly around height, carparking and uses within the neighbourhood centre zoning.

“There is only one opportunity for non-residential development and we want to ensure it’s right for the area.

“The community has expressed a strong interest in ensuring this development compliments the wonderful lifestyle enjoyed by nearby residents.”