Green Lit Developer for North Burleigh Apartment Tower

Veteran Developer David Guess will open a $100 million apartment tower on the north end of Burleigh Chiefs after obtaining planning approval.

Guesswho co-founded the listed developer Guess Development Group and Metro Property Development, plan to build a boutique apartment project to meet growing demand from the affluent size reductions and those looking for high-end vacation homes.

The slender tower, called Alba Residences, is planned for a 1,000 sqm site at 264 The Esplanade, adjacent to the north Burleigh Surf Life Saving Club. It will replace an aging three-story walk-up building.

The accredited office Designed by Proberts the project has been scaled back from earlier plans filed in early 2021 to build a 21-story tower.

The City of Gold Coast has approved the 19-story beachfront tower, although it is still taller than the suburb’s building code and received nearly 400 objections.

Guess agreed to refocus the apartment tower, allowing for increased setback to the north and south.

The owner-occupied development will feature full-story residences, with interiors by mum Design and apartments from $2.25 million.

The project will include three and four bedroom apartments covering 218 m² and 436 m² respectively. It will be topped by a two-level penthouse, a rooftop space, a living room and a swimming pool.

▲ The development will provide uninterrupted views of both Burleigh headlands plus the virgin Burleigh Heads National Park. Picture: Office Proberts

Guessknown for earlier projects such as Victoria Point Docklands in Melbourne and the $500 million Hamilton Harbor district in Brisbane, is now waiting for the council to see if his royal project in Surfers Paradise will also be approved.

The $340 million project is planned for a site on 9 Northcliff Terrace—between Surfers Paradise and Broadbeachwill also receive approval.

The 38-story tower includes 108 apartments and will also be positioned towards the high end of the market with an average price starting at $3 million.

Until now, Guess sold more than $200 million worth of apartments under the project.

Burleigh Heads and the wider Gold Coast region have become one of the busiest apartment markets in the country since the start of the pandemic.

Beachfront properties and sites have benefited from demand from local and interstate developers looking to build for pandemic-inspired sea-changers as apartment supply levels continue to reach historic lows.

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The high demand for apartments has been most acute on the southern beaches, making it the most expensive market for new build apartments on the Gold Coast.

Last year, local developers Chris and Letitia Vital of Pointcorpnext to Nielsen Properties, sold their 450 million dollars Burleigh Heads of development within six months.

The project, which includes 92 residential apartments, will also include the country’s first Mondrian hotel and Mondrian-branded residences.

Sydney Sam Developer Arnaout also launched an $800 million high-rise project at Niecon Plaza which will include 330 apartments spread over two towers.

gurner also mooted plans to build a $120million apartment tower at 1929 Gold Coast Highway after it snapped up the 1,000sqm site earlier this month.

The Melbourne-based developer has booked a 22-storey tower, which will be designed by Warren and Mahoneycomprising 80 apartments.

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