Sydney developer Aland will build four towers in Southport after gaining approval from the Gold Coast City Council.
The project, led by Andrew Hrsto and George Flemming, was planned for vacant lots—at 91-101 Nerang Street and 22 Cougal Street, Southport—opposite St Hilda’s School.
The development includes four towers comprising 1,019 dwellings and 137 short term accommodation units, restaurants, retail, a function facility and theatre.
Only one submission was made against the proposal relating to traffic impacts for access to a neighbouring property.
Council officers also noted traffic concerns for the area with infrastructure updates and sewerage improvements earmarked for site which sits within the Southport Priority Development Area.
Council said they would provide $4.9 million toward the upgrade of the sewerage system however the final estimated infrastructure charge for the development is expected to cost $26.86 million.
The developers previously planned 1,500 dwellings on the site across five towers however this was changed after pre-lodgement meetings with council officers.
Aland also has plans for 366 apartment tower at 16 Parkes Street, Parramatta which they purchased from Singapore-listed CWG International for $40 million in late 2017.
They also own Peak Towers which was located next door to the plagued Mascot Towers.
The Southport development would occur over four stages starting with the shortest tower at 18-storeys and a podium.
Stage two will include a 50-storey tower, basement carpark and the rest of commercial space before the final stage commenced with the construction of a 62-storey and 71-storey tower.
The developers tapped architecture firm Tony Owen Partners to design the four tower project.