Construction begins on $1.5 billion Paradiso Place: set to transform Surfers Paradise skyline

Construction is officially underway on SPG Land’s $1.5 billion Paradiso Place development, marking one of the most significant projects to commence on the Gold Coast in more than a decade. 

Spanning an entire 1.15-hectare city block in northern Surfers Paradise, the multi-tower luxury precinct will deliver 845 residences across three architecturally striking towers, alongside a vibrant retail and lifestyle hub just 100 metres from the beach, reshaping the skyline and redefining coastal living.

Paradiso Place has been several years in planning by SPG, which has now pushed the green light on construction to meet pent-up demand from investors and owner occupiers who have made Surfers Paradise one of the most highly sought-after new apartment markets on the Gold Coast in recent years.

The move follows minor amendments to the original design to cater to buyer demand, including the provision of more premium residential amenity, including private dining, lounge and events spaces for residents to entertain guests.

The three towers, comprising 41, 40 and 44 levels, will bring to the market 845 apartments with each tower
boasting its own podium level interconnected skybridge to create a unique elevated ‘beachside village’ for residents.

The Rothelowman-designed luxury apartment project will bring a broad range of residences to the market,
most offering ocean views and all enjoying five-star hotel amenities with world-class facilities and the convenience ground level retail precinct.

Construction of Paradiso Place has been made possible by SPG’s newly established SPG Built division partnered with experienced project management group Eastview Australia, a company that has supported the development of a raft of major projects on the Gold Coast over the past two decades.

“It’s a very exciting time for Paradiso Place as we start construction.

“We have spent our energy refreshing design and assembling the best team and waiting for what we believe is the right time to start construction on one of the most exciting mixed-use developments to proceed on the Gold Coast since Oracle in Broadbeach and Circle on Cavill in Surfers Paradise.

“The local and interstate downsizer market is getting stronger, and we see Paradiso Place as the right project for our times right now. Our company has the capacity to deliver large-scale projects, and we are thrilled to be bringing this vision to reality,” said SPG land chairman David Wang.

SPG Invest, a company founded in Australia in 1998 with a focus on high-end real estate and premium hospitality assets, has delivered 56 projects in the Asia-Pacific region over the past twenty-five years, including The Peninsula Hotel Shanghai and the Global 188 twin-tower project in Suzhou and Cambridge Residences at Robina.

Paradiso Place will deliver a range of new apartments with two-, three- and four-bedroom layouts, as well as a collection of sub-penthouse and penthouse apartments across three levels. 

“We have a very strong vision for Paradiso Place – we are creating a unique beachside residential community where contemporary design & architecture and luxury materials combine with five star residents’ amenities and the convenience of a premium retail precinct on the ground floor.

“We are confident that the community will recognise that this is more than just another development. Paradiso Place will bring a much-needed retail precinct and lifestyle hub to northern Surfers Paradise with premium retail, lifestyle and food and beverage options,” said SPG Land CEO Dr Ying Rao

“The retail precinct is critical to enhancing the lifestyle amenity for residents and guests, so SPG will retain control of this precinct to curate a premium retail offering that will support this thriving new community.

“SPG will also retain short-term holiday letting to control premium and luxury outcomes in line with our vision.”

Located just 100 metres from Surfers Paradise beach, Paradiso Place is at the epicentre of the iconic Gold Coast lifestyle.

The development’s position at the northern edge of Surfers Paradise, close to the Surfers Paradise North
light rail station, also provides superior access to the M1, the Gold Coast Health and Knowledge Precinct, Main Beach village, Southport Broadwater, Marina Mirage and The Spit.

Construction of Stage 1 Paradiso Place is expected to be completed by end of 2029. 

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