Meriton's Apartment Goals Set Sky-High


Australian developer Meriton has set skyward ambitions for their newly acquired site in Surfers Paradise, with visions of providing the Gold Coast with its highest ever apartments.

Overlooking the beach in Surfers Paradise, the site measures close to 4000 square metres on the Esplanade near Cavill Avenue and will be used for a tower that will include serviced and residential apartments and penthouses.

Taking it one step further, Meriton noted that the site had no restrictions on height and it was contemplating a skyscraper of 90 storeys or more.

Meriton Founder Harry Triguboff said that the site was being bought in response to the the lack of new apartments on the market near Cavill Avenue.

“We believe the Queensland market is strong and that prices will rise further," he said.

Mr Triguboff said the purchase of The Esplanade site would enable the group to complete its portfolio of Queensland serviced apartments.

“The new tower will be the icing on our serviced apartments business on the Gold Coast," he said.

“And the apartments and penthouses that will sit above the serviced suites will be the best we’ve built in our 35 years on the Gold Coast.

“A site like the one we are buying directly across the road from the beach and a stroll from the heart of Surfers and the light‐rail system, is blue chip and deserves a standout project.

Mr Triguboff plans to employ highly‐rated architects to breathe life into their brief which will include ensuring every room in every apartment has views.

Meriton will complete Sundale, the final stage of its 1600‐apartment Brighton on Broadwater community in Southport, in December and will move its construction team on to the Surfers Paradise project.

The deal was brokered by Roland Evans from Canford Property Group and Meriton Group Acquisitions Manager Angelo Mantsis.

The site will be cleared after Meriton takes possession in March.

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