DVB Lodges Three-Level Penthouse Plans for Broadbeach Tower

A luxury three-level penthouse will sit atop a proposed DVB Projects' 26-storey apartment tower in Broadbeach, according to freshly lodged development plans.

The Sydney-based developer lodged an application for the 99-metre residential tower at 2 First Ave and 88 Old Burleigh Road, for an amalgamated 1186sq m site.

Part of the site, which spans 531sq m, was formerly owned by property veteran Kevin Seymour.

DVB Projects, led by managing director Dean Brown, is now at the helm of the luxury project—a Rothelowman-designed tower—with plans lodged to Gold Coast council last week.

The tower will comprise 35 high-end apartments, and includes a five-bedroom penthouse spanning levels 24, 25 and 26, planning documents show.

Brisbane property veteran Kevin Seymour had originally purchased the 2 First Avenue site for $6 million in 2018 with plans for a $32 million Bureau Proberts-designed boutique apartment project.

Seymour’s vision included full-floor apartments that started at $3.35 million. But instead, he offloaded the beachfront property—a two-storey mansion—in May last year for $7.1 million.

DVB then began demolition work in July 2020 on the project, previously flagging plans for a nine-storey development.

Council overlay mapping shows the area does not have a building height limit.

Brown said that the recent project lodgement represents a “significant improvement” on the existing DA due to the acquisition of the adjoining 88 Burleigh Road site, spanning 655sq m, for $6.8 million.

“As DVB Project’s first Gold Coast development, it was critical we sought to establish a building that delivered on the unique expectations of a discerning downsizer market,” Brown said.

DVB is also behind an 11-apartment waterfront development in Brisbane's inner-city suburb of Bulimba.

While the Gold Coast’s southern end has been a hive of development activity, nearby construction work officially started on The Star Entertainment Group’s Tower two plans, a 63-storey tower also located in Broadbeach.

Developer Sunland received council approval this week for its $82 million retail project, located within the 42-hectare Lanes Residences development at Mermaid Waters.

Gold Coast developer Azzura Investments is looking to fast-track its construction program in the first stage of its $2.3 billion Imperial Square development in Southport.

Azzura, headed by Gold Coast developer Robert Badalotti, says it has recorded $22.5 million in sales for the first stage of its Imperial Square project, located on 1.34 hectares at 59-73 Meron Street.

The sales comprise 53 apartments in the $155 million first stage, known as Regal Residences, which spans 145 apartments and 200 hotel suites over 18 levels.

Further south, Todd Mould and Aaron Peel's Allure Property this month lodged plans for a 17-level tower overlooking the beach at Burleigh Heads.

The development is proposed for an 809sq m site, located at 1 Second Avenue, and 88 The Esplanade.