First stage of $2.3 billion Imperial Square project launched

Renowned developer Azzura has launched the first stage of what will become a $2.3 billion residential, retail and commercial offering in the Gold Coast CBD suburb of Southport.

Imperial Square, which is designed to become ‘the newcosmopolitan heart’ of Southport, was launched to market on Saturday (June13) with the release of 145 luxury residential apartments known as RegalResidences.

Imperial Square marks the launch of the first“shovel ready” project on the Gold Coast since the easing of COVID-19restrictions.

In preparation for the first stage launch,Azzura has built a fully furnished two-bedroom, two-bathroom apartment within its spectacular new on-site salesdisplay, showcasing the sheer quality of the apartments on offer.

The project will be rolled out over four stageswith the first stage, Regal Residences, set to rise 18 levels, delivering 145apartments including two rooftop penthouses, and a four and a half star hotel with 200 suites.

Future stagesto be rolled out include the 48-level Monarch Place, the 68-level Imperial Towerand The Majesty which will rise 108 levels and become Australia’s tallestresidential tower.

The completedfour stage development will offer around 1,600 dwellings and 40,000sqm of commercialand retail space.

Imperial Square will create an estimated 3000full-time construction jobs over the course of the entire construction program.When completed, 2600 full-time jobs will be created through the hotel,residential, commercial, retail, health and entertainment precinct.

Construction on the first stage of ImperialSquare will commence in October this year.

RegalResidences will offer a combination of one, two and three-bedroom apartments.

It has beendesigned to set the standard for the master-planned Imperial Square projectthat, when completed, will ultimately include commercial and business spaces, atriumbar and restaurants, a rooftop infinity edge pool, sauna, steam room, gym, BBQfacilities, outdoor dining, and an executive lounge and with spectacular viewsof the Gold Coast and the Pacific Ocean.

CEO of Azzura,Robert Badalotti, said Azzura had taken a strategic approach to develop theproject in stages over a number of years and they were excited to launch thefirst stage to market this week.

“What we willbe delivering at Imperial Square will set a new era for Southport and a newbenchmark for quality. The project has been meticulously designed over numerousyears and will respond to emerging growth, infrastructure and employmentopportunities in the region,” said Mr Badalotti.

“The potentialof Southport is only now starting to be realised and with conditions primed forgrowth, we see ourselves on the ground floor of an incredible journey ahead.”

Azzura’s sales and marketing director, Julian Sutherland, said preliminaryinquiries for Imperial Square have been strong and are primed to rise further following the launch.

“We are lookingforward to fielding more inquires as we launch the first stage this week, andwith the recent easing of restrictions the time really is ideal,” said MrSutherland.

“A project of thisscale, with residential, retail and commercial offerings, creates a depth ofinterest from a local community level all the way through to property buyers,large-scale organisations and major investors.”

“Having the fully furnished,two-bedroom, two-bathroom apartment on site at the sales display is somethingvery unique and will allow us to show off what will be on offer to prospectivebuyers,” he said.

Southport’sstatus as the Gold Coast’s CBD hub is reinforced by data that shows almost $300million in infrastructure spending either planned, under construction orcompleted within the last 12 months, according to Urbis.

Recentlycompleted projects include the $2.5 billion stages one and two of the GoldCoast light rail, the $1.76 billion Gold Coast Hospital, and the $550 millionSmith Collective (formerly the Commonwealth Games Athletes Village) as well asa range of major road and parkland infrastructure upgrades.

Having operated since 1989 Azzura is backedby a wealth of experience and has won numerous awards for excellence in design.

Azzura’s extensive project portfolio includesthe Mantra Wings and Wyndham resorts in Surfers Paradise and the Azzura GreensResort in Hope Island.

The company has delivered more than 2,600residential dwellings, 24 commercial projects and six international resorts.

Imperial Square will arise on a 1.34ha site at 59-73Meron Street, Southport – a site currentlyoccupied by Azzura’s popular Mercato on Ferry retail-commercial development.

For more information or to register yourinterest visit www.imperialsquare.com.au/.