Tall & Urban News

Sydney-based builder and developer Bassar Group has received approval for its 40-story Infinity Tower at Broadbeach on the Gold Coast.

The proposed site, on the corner of Surf Parade and George Avenue, is the amalgamation of two sites purchased in mid-2017 for AU$7 million (US$4.9 million)

When completed, the tower will comprise 194 bedrooms across 61 apartments with 105 on-site car parking spots, 82 bicycle parking spots and ground floor retail space.

The development application, which was submitted to the Gold Coast City Council mid-2018 has now been approved with no changes.

The tower will now replace two existing two-story buildings built in the 1960s.

Bassar Group’s 40-story Infinity Tower will join a slew of other projects under construction in Broadbeach suburb.

The project, designed by Malaysian-Australian architecture firm BDA, will sit within close proximity to the Casino precinct, The Pacific Fair Shopping center and the Broadbeach light rail station.

Construction on the 123-meter tower is scheduled to commence in August.

The Gold Coast has experienced a wave of new development applications over the recent months.

In December, Sunland Group lodged plans for a 16-level boutique apartment project in Labrador while ASX-listed ASF Group submitted plans for 50 luxury residential units across 31-storys at Surfers Paradise.

A number of projects have also launched including Marquee Development Partners AU$35 million (US$24 million) boutique residential development at Chevron Island as well as Sunland Group’s AU$250 million (US$176 million) high-rise development on Hedges Avenue in Mermaid Beach.

Melbourne-based developer Optimus Developments has also kicked off construction on its AU$65 million ($US46 million) luxury residential development at Broadbeach while Western Australian developer Pindan has launched its first Gold Coast project to market at Mermaid Beach.

For more on this story go to The Urban Developer.