The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FIRST RELEASE TICKETS ON SALE FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FIRST TICKETS ON SALE FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
SEE DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
73
print
Print
InfrastructureRenee McKeownWed 17 Jun 20

Azzura Set to Start $2.3bn Imperial Square Project

bd364267-9ec9-48e5-8aa3-dbf85488de7e

Azzura Investments is set to commence construction on the
$2.3 billion Imperial Square project on the Gold Coast, which includes a 108-level super tower set to be one of Australia’s tallest buildings.

Stage one plans in the Robert Badalotti-led development comprise an 18-storey tower with 145 apartments and a boutique 200-room hotel at 59-73 Meron Street, Southport.

The development application for the $155 million tower was approved in January with preliminary approval given to the rest of the build in 2016.

It is the smallest of the four towers planned on the site, with construction of the tallest building at least five years away.

Stage one, Regal Residences, had a mixture of one, two and three-bedroom apartments including two rooftop penthouses, an infinity pool, gymnasium, spa, executive lounge and restaurants.

Related: Developing Australia’s Tallest Skyscraper During Covid-19

▲ The Regal Residences form stage one of four in Azzura’s Imperial Square development in Southport on the Gold Coast which includes plans for one of Australia's tallest buildings.

Azzura originally planned for a 210-key hotel and 420-room student accommodation on the site, however amendments were made to the plans in 2019.

The new plans designed by Kris Kowalski Architects also include 222 car park lots, space for 132 bicycles and a pedestrian link from Gillian Lane to a future plaza at the back of the development site.

Azzura chief executive Robert Badalotti said Imperial Square was designed to become the new “cosmopolitan heart” of the Gold Coast’s CBD.

“We are absolutely delighted to be bringing a project that has been the subject of meticulous planning and design for more than three years,” Badalotti said.

“This is a defining project not only for Southport city’s cosmopolitan hub but for the Gold Coast in general, taking advantage of the enormous infrastructure such as the light rail, the new Gold Coast Hospital and Griffith University.”

Member for Southport Rob Molhoek said the only way was up for the area, which had suffered a blow from Covid-19.

“[There are] an expected 300 jobs in this stage alone and a huge investment in our Southport CBD,” Molhoek said.

“It is great to see such confidence in our city with the very uncertain year we've been having.”

Restrictions on travel during the pandemic hit the holiday destination hard, however a $1 billion state tourism campaign encouraged Queenslanders to holiday at home and support the industry.

Domestic travel is expected to replace the international tourism industry, although the sunshine state is yet to open its borders to the rest of the country.

HotelResidentialAustraliaGold CoastConstructionArchitectureReal EstateConstructionSector
AUTHOR
Renee McKeown
More articles by this author
ADVERTISEMENT
TOP STORIES
Bankstown cbd in Sydney NSW EDM
Exclusive

Breaking Delivery Crisis Chokehold on NSW’s Biggest Housing Market

Vanessa Croll
7 Min
Healthscope Hospital EDM
Exclusive

‘Once-in-a-Decade’ Opportunities Rise in Wake of Healthscope Collapse

Clare Burnett
7 Min
Exclusive

Parking Upsize Threatens Fatal Blow to Project Feasibility

Phil Bartsch
6 Min
One New Zealand Stadium BESIX Watpac
Exclusive

Rising to a Challenge: How BESIX Watpac Topped Australia’s Builders

Clare Burnett
7 Min
Exclusive

Rewards Outstrip Risk in SE Queensland Off-The-Plan Buys

Taryn Paris
7 Min
View All >
Bankstown cbd in Sydney NSW EDM
Exclusive

Breaking Delivery Crisis Chokehold on NSW’s Biggest Housing Market

Vanessa Croll
Aerial photo of St Mary's Intermodal Terminal in Western Sydney now sold by Pacific National to PGIM and Cadence.
Industrial

Cadence, PGIM Team Up for $145m Freight Rail Acquisition

Marisa Wikramanayake
Development

Melbourne Luna Park Revival Wins State Backing

Marisa Wikramanayake
The Victorian government has provided funding in the state budget to restore Luna Park’s unsafe, century-old Palace Buil…
LATEST
Bankstown cbd in Sydney NSW EDM
Exclusive

Breaking Delivery Crisis Chokehold on NSW’s Biggest Housing Market

Vanessa Croll
7 Min
Aerial photo of St Mary's Intermodal Terminal in Western Sydney now sold by Pacific National to PGIM and Cadence.
Industrial

Cadence, PGIM Team Up for $145m Freight Rail Acquisition

Marisa Wikramanayake
2 Min
Development

Melbourne Luna Park Revival Wins State Backing

Marisa Wikramanayake
2 Min
Sydney Fish Market Blackwattle EDM
Planning

Sydney Fish Market Rezoning Clears Way for 320 Homes

Clare Burnett
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/azzura-set-to-start-23bn-imperial-square-project