Amalgamated Property Group pushes ahead with $160 million Amaya luxury tower at Broadbeach

Amalgamated Property Group (APG) has moved to construction of its latest development without hesitation, the circa $160 million Amaya at Broadbeach, just months after launching the luxury residential project to the market.

With construction now well under way, the landmark project is on track for completion in late 2024 as Amalgamated and its project partner Base Developments leverage more than 115 years’ experience in the property industry to progress the project.

The development partners have secured buyers for more than 40 per cent (in exchanged sales) of the 120 apartments presented at Amaya, which will rise on a prime 1214sqm site at 30 First Avenue on the quiet northern end of Broadbeach.

Amaya was released to the market in October last year, with preliminary earthworks starting in December and foundation work commencing in January.

The development partners appointed award-winning Gold Coast builder GCB Constructions to deliver the project.

Nicholas Clydsdale, Senior Director of CBRE Residential Projects, says the combined strength of Amalgamated and Base Developments and their ability to commence projects without financial restrictions imposed by lenders, positions Amaya as a rare gem in the current market where buyers are seeking certainty.

“We are seeing a flight to quality in the market and the top priority for apartment buyers at present is certainty of delivery and product quality,” said Mr Clydsdale, who leads the sales team at Amaya.

“Amalgamated Property Group and Base Developments are top-tier national developers, and in conjunction with work starting so soon on site with GCB Constructions, it has allowed Amaya to come to life well ahead of other projects in the central Gold Coast precinct.

“Both Amalgamated and Base have an enviable reputation for project delivery that underpins the success of the many projects they have undertaken on the Gold Coast and nationally.

“The strong financial backbone of these companies has enabled the project partners to progress construction without delay, well before sales targets have been achieved. Our team is anticipating sales will accelerate as Amaya starts to come out of the ground.”

Amaya, which is located just 300 metres from the beachfront, will deliver a premier residential address comprising generous floorplans and high functionality to suit downsizers, allowing them to take full advantage of the idyllic coastal lifestyle Broadbeach offers.

Designed by leading Gold Coast architecture firm DBI Design, Amaya presents a collection of two and three-bedroom residences featuring floor-to-ceiling windows to take advantage of spectacular coastal and hinterland views, as well as large balconies, contemporary yet timeless interiors and materials with high-end fixtures to complement a modern lifestyle.

Currently priced from $935,000, Amaya’s two-bedroom apartments will deliver an exceptional 100 to 101sqm of living space, while three-bedroom layouts will offer generous living areas of 148sqm to 151sqm.

A release of new floorplans from level 27 at Amaya has now further elevated the luxurious offering with a limited collection of half-floor homes comprising 252sqm now available.

Amaya residents will have exclusive access to two floors of state-of-the-art resident-only facilities, including a gym, sauna, steam room, pool, spa, barbecue and patio, all enhanced by green outdoor spaces with resort-style zones.

Amaya has been designed to seamlessly connect residents with all that Broadbeach has to offer, from the beachfront, to the river, restaurants, shops and a G:link light-rail station just 150 metres away offering easy access to Surfers Paradise, Pacific Fair and eventually Burleigh Heads with completion of the next stage which is currently under way.

Among the recent buyers have been Gold Coasters downsizing from large family homes and looking to move closer to the beachfront. Interstate families and couples have also been attracted to the development and its proximity to the array of urban amenities at Broadbeach.

“For many buyers, Amaya is an upgrade from their current home by offering three-bedroom homes with the combination of luxury interior design and spectacular views; it is ticking all the boxes and providing everything they’re looking for,” said Mr Clydsdale.

Located at the northern end of Broadbeach, Amaya appeals to buyers who know the area well, as it offers a peaceful area with an easy walk to the suburb’s finest dining and entertainment.

“Many of our interstate buyers have been regular holidaymakers to Broadbeach, looking for a combination of premium amenities and finishes with a quiet location close to the heart of the action.

“Amaya’s generous floorplans and their high functionality have made Amaya a compelling choice for many of these buyers who are quite discerning and want to ensure their beachside home will work for them in reality.”

Amalgamated is an award-winning developer that has completed more than $3.8 billion in residential and commercial developments across Australia since 2002 and has a strong reputation for quality and delivery.

Among the most recent projects the company has completed in partnership with Base Developments are Ivy, Oaks (a three stage precinct) and Kiara residential developments in their home market of the Australian Capital Territory.

Amalgamated has also recently delivered the first residential development in Nation’s Parliamentary Triangle, The Griffin, and is about to commence works on a landmark address, ANZAC Park East on ANZAC Parade, just metres from the Australian War Memorial.

The Amaya display suite is situated at Shop 16, 17 Albert Avenue, Broadbeach.