Aniko Group targets Chevron Island to build on its $500 million success at Hope Island
Gold Coast developer Aniko Group, the company behind the transformation of Hope Island with a suite of luxury developments valued at more than $500 million, is homing in on Chevron Island for its latest project.
Inspired by the success of its development portfolio on the city’s north shore, Aniko has acquired a strategic development site at Chevron Island on which it is planning a luxury premiere development in the Gold Coast’s most eclectic urban village.
The 1,518sqm site, located at 12-16 Weemala Street, is positioned in the southwest pocket of Chevron Island, within easy access to the island suburb’s retail strip and the city’s emerging cultural precinct at HOTA.
The move comes on the heels of Aniko selling out of its fifth project at Hope Island, the $125 million Athena Residences. The development, comprising 185 luxurious waterfront apartments centred on an expansive park precinct, achieved a sellout within three months of being launched to the market.
The transaction of the site was negotiated by Antonio Mercuri, Director of GV Property Group.
Aniko managing director George Mastrocostas said he is currently reviewing his options for the Chevron Island site with a view to building on the success the company has achieved at Hope Island.
“We are taking a different approach to Chevron Island in keeping with the community fabric of the island suburb,” said Mr Mastrocostas.
“Chevron is just a short walk to Surfers Paradise, the beach, the Gold Coast’s cultural heart and all the amenities the central Gold Coast has to offer. It’s both laid back and sophisticated at the same time, so these are the elements that will inspire us when we finalise our plans.”
Leading South East Queensland architecture firm, Plus Architecture has been engaged to design the Chevron Island project, which Director Danny Juric says will be inspired by ‘elegant simplicity’.
“Our concept for the project is really driven by this idea of creating more than an apartment – we want to create homes. Homes that sit in the sky gazing in 360 degrees across the waterways, city skyline, and sunsets over the hinterland,” he said.
“We want the structure to convey this simple elegance while being grounded by a collection of townhomes that complements the distinct village atmosphere of Chevron Island.”
Aniko Group is renowned for creating premium residences designed for owner-occupiers.
The company’s latest development, No. 35 Grant Avenue, will bring to market 48 townhouses and 10 waterfront duplex villas to Hope Island designed to reflect upmarket city-inspired living. The development has been designed around an expansive park precinct with meandering walkways and gardens to create an urban oasis for residents.
The Chevron Island site comprises three lots currently occupied by ageing apartment buildings.
“We are looking forward to transforming this site into a residential offering that will appeal to a broad range of buyers,” said Mr Mastrocostas.
“Our aim is to create large living spaces and deliver a range of superb resident amenities that align with the convenience of the Chevron Island location.”
Over the past few years, Aniko has been pivotal in the transformation of the Gold Coast’s North Shore, delivering back-to-back sell-outs in its premium waterfront developments across Hope Island.
The company’s debut foray into the residential enclave saw it sell out stages 1 and 2 of its No. 1 Grant Avenue development in just five months.
Overflow demand quickly flooded its successive development, the $125 million Athena, located just across the road which spent just three months on the market.
The developer’s impressive portfolio also encompasses the sold out $55 million Three72 Marine in Labrador, and the $25 million Ferry Road Showroom, which secured the coveted Development of the Year Award at the Urban Developer Awards in 2019.