Tall & Urban News

Marquee Development Partners have submitted plans to demolish a Gold Coast mansion and build a 17-storey apartment tower.

The white 1990s home will make way for 84 apartments on the 1,658-square-meter site at 1-7 Cannes Avenue, Surfers Paradise.

This will be the second residential tower for the developers on Cannes Avenue after winning approval for an application two doors down earlier this year.

Ridong Group Limited founder Riyu Li and Fengliu Wu sold the property for AU$7.5 million (US$5.5 million) to Bill Linn in August 2020 with Marquee jumping on the opportunity to develop the site.

Plans lodged with the Gold Coast City Council show a 59-meter-tower to be built along the Nerang River.

If successful, there will be two basement parking levels, ground floor recreation, two elevated carpark levels, 14 levels of apartments and a common rooftop area designed by Plus Architecture.

According to the development application an expansive pool will border the river and be connected to a gym and yoga studio overlooking the neighbouring Neddy Harper Park.

The unit configuration will be split equally between two and three bedroom apartments.

“Reflective of the modern times, recreational facilities on the roof top provide a variety of work from home facilities with a thoughtfully planned business lounge and adjacent working offices for both collaboration and solo use,” the application said.

This development will join with Marquee Development Partners other application which was approved in January this year.

This development at 15-17 Cannes Avenue, Surfers Paradise is a 15-story residential building on a 2,339-square-meter site

It has 96 units and communal open space on the ground floor and rooftop designed by DBI architects.

These two properties are split by an older, brick, three-story residential building which was on the market in October 2020.

Marquee Development Partners, led by Mark Spedding, has projects in Surfers Paradise, Stanhill on Chevron Island and Haven in Newstead, Brisbane.

For more on this story, go to The Urban Developer.