Brisbane real estate director John Kubatov has lodged plans with Gold Coast City Council for what would be the tallest residential building in Broadbeach.
The proposed 54-storey tower will replace an ageing two-storey unit block and neighbour the 50-storey Oracle which currently sits as the area’s tallest building.
The $100 million skyscraper will be named “Class Broadbeach” and target high-end occupants.
Just 46 apartments will be on offer, each spanning an entire 375 sq m level, with six spread over two or three floors.
Kubatov, who is the spokesperson for the developer Broadbeach Joint Venture, spent $7 million purchasing and taking options on units in Kurrawa Lodge and said that property research showed a gap in the market for ultra-high-end apartments at Broadbeach.
“If you look at people like Elon Musk and Taylor Swift, they’ve stayed at Oracle behind us in the penthouses, so we’re trying to leverage the possibility of a bit of notoriety staying in this building,” Kubatov said.
“It will deliver a compelling accommodation choice for celebrities and highly affluent visitors who wish to stay in the central Gold Coast as well as those who wish to buy an exclusive part of beachfront Broadbeach.”
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The site already has development approval for a 17-level residential tower, but the ambitious Class Broadbeach proposal will aim to offer a new level of opulence on the Gold Coast.
The site will also boast a unique automated stacker-system carpark, like those used in Tokyo and New York.
“That’s when you drive in, you hop out of your car and swipe a card, then the car goes down by itself on a conveyor belt-type situation,” said Kubatov.
The mechanised parking system will accommodate 94 off street parking bays spread over a four-level basement.
Class Broadbeach will join a slew of other recent development projects planned for the area including Little Project’s $220 million Signature Broadbeach, the Star Group’s $345 million The Star refurbishment, Spyre Group’s $79 million apartment project and the recently completed “The Beach” apartments.