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10 Level tower for Kirra, The development juggernaut continues to roll on at Kirra with plans in the pipeline for a mixed use tower on the beachside strip.
Brisbane investor Jeff Leggott is seeking Gold Coast City Council approval for a 10 storey apartment building with a retail commercial precinct at the ground level.
The medium rise building is ea5rmarked for a 1012sqm site at 72 Musgrave Street.
Mr Leggottt has held the site since 1993 when he bought it at a cost of $350,000.
Plans call for the tower to comprise just 12 apartments with one unit per floor from the fifth storey upwards. The penthouse will have a roof terrace and a small pool.
At ground level there will be 289sqm of commercial space, a resident’s lounge and a private lobby.
A two level basement will provide parking for 44 vehicles.
The site, occupied by a bottle shop, also fronts Lord Street and adjoins a property housing a recently completed mixed use apartment building.
Kirra has caught the attention of developers over the past couple of years and there are projects worth about $300 million planned for the north facing strip.
They include an $89 million joint venture between Urban Pacific, Macquarie Real Estate Equity Funds and the Parkview Group to redevelop the iconic Kirra Surf Shop site with a multi level residential and commercial building.
Gold Coast developer Niecon, which is under taking the twin tower Reflection development at Coolangatta, also has plans to build a 12 level tower in the Kirra beachfront precinct.
Another significant project will be Reward Securities’ $70 million ‘super’ apartment development, Elysee Residences, earmarked for the corner of Haig and Musgrave streets.
Each of the apartments will measure more than 380sqm.
A number of other residential and mixed use developments valued between $10 million and $40 million are also in the pipeline for Kirra.
The site of the Kirra Beach Hotel, which recently sold to pub baron Tom Hedely for $26 million, is expected to be redeveloped later.
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