SPG Land announces $800 million landmark to transform Surfers Paradise

International property developer SPG Land, in a joint-venture with Australia developer Gordon Corp, has laid plans for a major transformation of Surfers Paradise with an innovative design that will deliver one of the largest residential resort projects ever undertaken on the Gold Coast.

The $800M development has the potential to reshape an entire block in the heart of the Gold Coast tourism precinct by creating an urban oasis with an upmarket neighbourhood village vibe designed to become a beacon for local, interstate and international visitors.

A development application has today been lodged with Gold Coast City Council for the three-tower development that will include a new ground-level retail and dining plaza, accompanied by extensive open public spaces, as the cornerstone of an inclusive residential lifestyle hub for the local community. 

The plaza has been designed to activate the northern end of Surfers Paradise by offering a true destination experience featuring signature retailers and food and beverage operators.

The premium residential towers will each have their own identity while offering residents unparalleled bespoke amenities. 

The focal point for residents will be a unique circular infinity lagoon pool on the podium level which will host the signature communal space for the development.

In a first for the Gold Coast, the project will also deliver a world leading attraction – a suspended glass-bottom lap pool that will offer residents freestyle swimming with a clear view to street level 26 storeys below.

The transformative development is proposed for a 1.15-hectare site bounded by Ferny Avenue, Surfers Paradise Boulevard, Pandanus Avenue and Ocean Avenue near the Surfers Paradise North light rail station.

The three towers, comprising 38, 40 and 42 storeys, will bring to the market a total of 792 apartments and 1713 sqm of indoor retail space, along with 902 underground parking and 28 on-grade parking spaces.

Each tower will have its own podium level interconnected by walkways to create a unique elevated ‘seaside village’ for residents, with each tower podium offering separate resort amenities. The towers also boast their own dedicated sky lounges occupying the entire 26th level, each with customised amenities. Penthouse owners will have the added exclusivity of access to their own private rooftop gardens and recreation areas.

The towers have been designed to offer an individual lifestyle profile with custom-designed communal facilities to cater for a broad range of buyers, including young families.

SPG Land chairman David Wang described the proposed Surfers Paradise development as a flagship project for the company that will create a sought-after destination in the city’s traditional tourism heart.

“This is a transformational development, not only for Surfers Paradise but for the Gold Coast more broadly,” said Mr Wang.

“We have had a long association with the Gold Coast, and it’s especially exciting that we have been able to enlist the talents of a remarkable local team to bring this project to fruition.

“Our development is not only destined to be an exciting new residential address, but a new public space that everyone can enjoy whether they’re taking a shortcut to the beach or settling in with friends in the plaza for a morning coffee or an alfresco lunch.”

SPG Land’s joint venture partnership with local developer Tim Gordon’s Gordon Corp marks a strengthening of the relationship between the companies which has grown over a number of years and is poised to jointly develop more projects in the near future.

Mr Gordon today lauded the partnership and said it would be a game changer for the Gold Coast.

“We are absolutely delighted to be involved in this project with SPG Land,” said Mr Gordon. “This will be a landmark project for the Gold Coast that will be an internationally recognised destination.”

“We believe this is a project for its time, created by looking to the past to find what made Surfers Paradise such an iconic address for generations.”

Tower 1, the heart of the proposed project, has been designed with a dynamic, social and youthful theme offering all residents access to the tower’s main pool and a separate lounge pool complete with a pool bar and all-day dining facilities, VIP dining area, a day-care centre, a barbecue area and a resident’s gym and yoga garden with the sky lounge featuring co-working spaces, bar, indoor and outdoor seating lounge, and an interactive sky gym.

Tower 2 will offer a more peaceful environment suited to families and will have its own indoor and outdoor kids’ zone, while the sky lounge will boast a sky gym, plus yoga and spa facilities. Tower 3 will deliver a level of luxury and sophistication sought by the mature lifestyle buyer with the podium encompassing its own café, breakfast and dining terraces, a library and meeting rooms while the sky lounge will feature the city’s first suspended lap pool, a cigar lounge and wine bar.

The planned Gold Coast development will add to an impressive portfolio of iconic projects for SPG Land, a company founded in Australia in 1998 with a focus on high-end real estate and premium hospitality assets. SPG Land has delivered 56 projects in the Asia-Pacific region over the past 23 years.

Among the company’s landmark developments globally is the $US857 million The Peninsula Hotel Shanghai, which opened in stages from 2009, and the Global 188 twin-tower project in Suzhou.

On the Gold Coast, the company has undertaken the $162 million Cambridge Residences at Robina comprising 386 apartments across four towers.

The SPG Land and Gordon Corp joint-venture has appointed Gold Coast-based Eastview Australia as project manager to oversee construction of the development. Award-winning architectural firm Rothelowman and landscape firm Form have produced the innovative design.

The development is expected to be officially launched to the market in the fourth quarter of this year.