Developers behind a high-rise residential tower proposed on the site of a historic dance hall and well-known antiques store, say Coolangatta faces a "perfect storm" of demand.
Key points:BeckDev plans to build 175 apartments on the site of the historic 'Jazzland' dance hallIf approved, the $130 million development will involve efforts to protect the site's cultural heritageBut an association representing 15 community groups has warned against overdevelopment
BeckDev plans to lodge a development application with the City of Gold Coast today, for plans to build a 22-storey residential tower at McLean Street, next to Coolangatta's retail precinct.
Director Ben Beck said if approved, it will be the company's first development project on the Gold Coast.
"We think this is the re-birth of Coolangatta," he said.
"Obviously Kirra has gone ballistic over the last few years and Coolangatta's been left behind a little bit."
However the Community Alliance Association, which represents 15 resident and environmental groups, has warned the Gold Coast already faces overdevelopment concerns.
Gap in the market
CBRE residential project director Nick Clydesdale, who manages the McLean St project's marketing, said "a gap in the market" has emerged.
"The Coolangatta precinct is just in the perfect storm," he said.
"We're on the border, so much beautiful natural geography to take advantage of, the community still retains that surf village vibe."
The apartments will be priced under $1 million, below the $10.6 million advertised for the penthouse of the 12-storey Flow Residences in nearby Rainbow Bay.
Mr Beck said he wants to "differentiate from the market".
"We want to come in with that really good value, good spec apartment which is gonna give the community what they need," he said.
"Rather than building single floor apartments that only the super rich can buy."
Different sort of neighbourhood
But president of the Community Alliance Association, John Hicks, said people on the southern Gold Coast "are surprised at the pace of change".
Gold Coast antiques shop closing
After 22 years, 20th Century Antiques and Collectables is set to shut in what the owner says is a sign of the times.
"It will evolve into a different sort of neighbourhood," he said.
"They're seeing buildings approved, in this rapid pace of change, and then the approvals contain excessive relaxations that mean the buildings are built boundary to boundary."
The application will be impact assessable, meaning a community consultation phase will be undertaken before a council vote.
Mr Clydesdale said the development application has sought to preserve historical aspects of the building — including the facade — which operated as a popular dance hall in the late 1920s to early 1950s.
"It's more to do with its place in society at the time in the roaring 20s through to 50s, the way it influenced and brought together the community."
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Posted 4 Nov 20214 Nov 2021Thu 4 Nov 2021 at 10:51pmShareCopy linkFacebookTwitterArticle share optionsShare this onFacebookTwitterLinkedInSend this byEmailMessengerCopy linkWhatsApp