The larger of the two, a 1.1 hectare 23-parcel property near Pacific Fair in Mermaid Beach was amalgamated at a cost of approximately $20m over the past five years.  Originally slated for the proposed Broadbeach Lifestyle Centre, incoroporating four towers and a mixture of residential and commerical space, the site is positioned well to take advantage of the future Rapid Transit link.

The other site, located on the Esplanade in northern Surfers Paradise is slated for a luxury 23-storey residential building.  ‘North Point’, set on nearly 1000sqm of land was to incorporate 20 3 bedroom apartments, plus a palatial penthouse.

Howard Group have cited a strengthening market as the reason for the sales, feeling that they stand a better chance of realising the value they have added to the sites at this stage.