Brookfield Multiplex to deliver $120 million residential high rise in Surfers Paradise

Source: Brookfield Multiplex - www.brookfieldmultiplex.com 

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22 April 2014

Brookfield Multiplex has been awarded a contract with Ho Bee Land to deliver a $120 million, 41 storey residential high rise building at Surfers Paradise, the first residential high rise to be constructed in Surfers Paradise in two years.

Located at the former Red Rooster site on the corner of Surfers Paradise Boulevard and Main Beach Parade, the as yet unnamed building will incorporate floorplates with a unique leaf-shaped design and will include 223 units, a roof-top garden, a gymnasium and retail space. Approximately 500 jobs will be generated during construction, including 230 workers onsite at peak times.

Brookfield Multiplex Regional Managing Director for Queensland, Rod McDonald, said the project would deliver important economic benefits and would help meet the increasing demand for residential property on the Gold Coast.

“Queensland’s residential market is gaining pace and it’s fantastic to be back on the Gold Coast and delivering this project which will see cranes returned to the Surfers Paradise skyline for the first time in two years,” Mr McDonald said.

“Ho Bee Land’s unique building will revitalise the Gold Coast’s residential property market by providing new, high quality apartments that meet the highest standards of sustainability and design.

“Brookfield Multiplex has a long and successful track record on the coast, having delivered a number of new major residential and commercial developments over recent years, including the Hilton Surfers Paradise, the Wave at Broadbeach, the Gold Coast Convention and Exhibition Centre, and Pivotal Point Tower at Southport.

“We look forward to working with Ho Bee Land and the project architect, DBI Design, as well as local stakeholders and the community, as we deliver this building,” he said.

Project marketing agent Deborah Provost said Ho Bee Land was thrilled to have Brookfield Multiplex on board for its first Australian development.

“This project signals a new era of high-rise development on the Gold Coast so we are delighted to have one of Australasia’s leading construction companies take the reins,” she said.

Early works commenced in late 2013 and construction is expected to be completed in late 2015.

The project adds to Brookfield Multiplex’s Queensland workbook, which also includes the 1 William Street project in the Brisbane CBD and the $325 million Indooroopilly Shopping Centre redevelopment.

 

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