The Gold Coast’s population growth has increased since the pandemic and the influx is expected to continue with forecasts that the city will be home to more than a million permanent residents by 2041. The city’s new apartment stock level has hit a decade low and as a result, development activity—despite prevailing construction constraints—has increased including on zoning-restricted Peerless Avenue.
The northern side of Peerless Avenue at Mermaid Beach marks the southernmost edge of the city’s unlimited building height zone that runs up through Broadbeach, Surfers Paradise and Main Beach. On the southern side of Peerless Avenue, it has kept a medium-to-low-rise zoning—with a 15-meter height limit, the equivalent of three stories.
Only four months after lodging his plans with the Gold Coast City Council, Sunland Group founder Soheil Abedian has been given the green light for a USD$162.4-million, 36-story residential project comprising 109 apartments on a site spanning four lots at 35-41 Peerless Avenue. Rising 123.9 meters into the city’s skyline, it will take development to a new level on Peerless Avenue.
Two houses and a pair of two and three-story dual occupancy buildings will be demolished to make way for the tall building. Levels 4 to 25 will include two and three-bedroom apartments; levels 26 to 33 will have four-bedroom apartments per floor and level 34 will be a whole-floor penthouse, including a private swimming pool.
Brisbane-based Mosaic Property Group has led the changing skyline with its completed 26-story Bela comprising 115 apartments at 43-49 Peerless Avenue; and under-construction 28-story high-rise, Dawn that will have 86 apartments at 15-19 Peerless Avenue.
They will be joined by a newly-approved high-rise, one of two recent development proposals that reflect the starkly contrasting planning parameters along Peerless Avenue.
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