Following their recent purchase of the Iluka building on the corner of Trickett Street and Northcliffe Terrace, Raptis Group have been given approval to construct a 57 storey, 351 unit apartment building on the 3498 square metre site.

The new building will contain a few unique features, including a large underground water tank to irrigate the gardens and foreshore opposite. In addition, Council is currently discussing the possiblity of a roof-mounted artistic lightshow – similar to those on some Hong Kong buildings.

The 3/4 of a billion dollar development will include two commercial levels at the base and represents a continuation of the rejuvenation of central Surfers Paradise – which began several years ago with Raptis Group’s three tower Chevron Renaissance development and has included Sunland’s Circle on Cavill, Juniper’s 77-storey Soul development as well as Raptis’ two tower Hilton Hotel and Residences.

Tags: Future Development, gold coast, Iluka Redevelopment, news, property, Raptis Group, real estate, Surfers Paradise

This entry was posted on Friday, May 23rd, 2008 at 3:18 pm and is filed under Future Development, Iluka Redevelopment, Raptis Group, Surfers Paradise. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.