Azzura’s game-changing $2.3 billion luxury Gold Coast mega project’s first tower a sell-out success

The spectacular first stage of the Gold Coast’s game-changing $2.3 billion Imperial Square mega development at Southport is officially a sell-out.

Azzura Corporation has notched up a $90 million full house in its massive triple tower project’s highly anticipated initial release of luxury apartments.

Construction of the first of the three towers is already underway, accelerated off the back of the strong apartment sales. 

The $155 million 18-storey Regal Residences will boast a stunning collection of 145 luxury apartments, including two spectacular penthouses, and a 4.5-star hotel with 200 suites.

Azzura’s Imperial Square has been years in the planning and aims to create a landmark project and new cosmopolitan heart for the city’s CBD at Southport.

“We’re excited to be delivering a transformative project for the Southport CBD precinct, which is set to accelerate remarkable revitalisation of Southport which is already taking shape,” said Azzura CEO Roberto Badalotti.

Spanning a 1.34ha site at the corner of Meron Street and Ferry Road, the visionary masterplan for the iconic new residential, retail and commercial precinct includes a 108-storey supertower as its centrepiece.

The Imperial Tower will be Australasia’s tallest building. It will be flanked by Monarch Place, a 54-level spiral tower and architectural masterpiece. Both buildings will be rolled out in future stages.

Regal Residences has been designed to set the standard for the master-planned Imperial Square development.

It will include a range of commercial and business spaces upon completion, and luxury amenities such as rooftop infinity pool, steam room, sauna, gymnasium, spas, Zen garden, BBQ, Residents Lounge and spectacular views to the ocean.

Mr Badalotti said the sell-out of the apartments in Regal Residences was a compelling reflection of the pent-up demand for new product in the Southport CBD.

He said local residents made up the majority of buyers in the initial sales rush, providing a strong endorsement of the value and location of the Gold Coast’s newest and most spectacular project.

“Strong market demand for Gold Coast property has led to a surge in luxury apartment sales across the city and Imperial Square has drawn its share of the boom in buyer action,” Mr Badalotti said.

“The apartments in Regal Residences represented incredible value at a third of the selling price of some beachfront locations on the Coast.”

Buyers within Imperial Square’s first stage will enjoy the amenities on offer across all the buildings in the development.

The site at 59-73 Meron Street, Southport, has been the longstanding home to the popular Mercato on Ferry retail-commercial precinct.

Mr Badalotti’s Azzura has delivered an impressive portfolio of award-winning projects since 1989 stretching from the northern Gold Coast to Byron Bay in northern NSW. These projects comprise more than 2600 residential dwellings, 24 commercial developments and six international resorts.