PALLADIUM, the first residential apartment building within the Queen Street village project in Southport, has been released to the market after obtaining development approval from the Gold Coast City Council.
It has 17 levels of one, two and three-bedroom apartments and a ground level floor retail area, with prices starting from $345,000.
Queen Street Village is a $550 million master-planned development by Property Solutions that will be built in stages on the 3.2-hectare former Gold Coast Hospital over the next six to eight years. Palladium will stand on the corner Little High Street and Nerang Street.
On completion, the development will include medium-rise residential apartment buildings, supermarket,retail and dining precincts, a medical centre, commercial office space, a 160-keyed room hotel, and 11-cinema complex.
Brisbane-based Property Solutions has undertaken urban renewal developments including James Street at Fortitude Valley, The Barracks at Paddington, SW1 at Southbank and the redevelopment of Nundah Village.
Queen Street Village marketing manager and TOTAL Property Group managing director, Adrian Parsons, said Southport is set to record a population growth of 3.7% each year over the next 20 years, faster rate than the wider Gold Coast growth rate of 2.2% over the same time.
Originally published in the Australian Property Journal.
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