Construction has commenced on $140 million tower in Southport

Construction has commenced for BuildCap’s $140 million second tower at their Marine Quarter development, a landmark project shaping the future of the Gold Coast’s evolving CBD. 

The 34-level tower, located on Marine Parade, follows the successful delivery of Tower One in late 2024. This final stage will add 153 premium residences to the precinct, reinforcing Southport’s role as a key urban centre.

BuildCap has appointed SunBuilt - a next-generation contractor offering integrated development and funding solutions - to lead construction. 

BuildCap founder and managing director, Stuart Biggs, said the milestone marked a significant moment for both the company and the region.

“This sod-turn is a testament to perseverance in an industry that has faced unprecedented challenges. Marine Quarter’s prime position, overlooking Broadwater Parklands, and the continued demand for quality residential living in Southport made this project an important investment,” said Stuart.

“The State Government’s Incentivising Infill Development Fund (IIDF) played a pivotal role in ensuring this project could proceed, alleviating over $4 million in council infrastructure charges. 

“This is a great example of public and private sectors working together to deliver much-needed housing supply in high-growth areas.” 

Stuart emphasised that Southport’s transformation into the Gold Coast’s true CBD was already underway, with the city’s master-planning efforts set to position the area as one of Australia’s most desirable destinations.

“In just eight years, a global television audience of billions will be watching events unfold right down the road. Now is the time for Southport to establish itself as the cultural and economic hub of the Gold Coast,” he said. 

SunBuilt managing director, Damien Todd, said his company’s appointment reflected the industry’s shift toward more sustainable construction models.

“SunBuilt was founded to bring transparency, stability, and long-term confidence back to high-rise construction,” Damien said.

“Traditional contractor models are under immense pressure, and we are taking a different approach—one that integrates development, finance, and construction expertise under one roof.

“We’re focused on quality, safety, and productivity—not just price. The race to the bottom has cost the industry too much. We are committed to delivering high-quality residential towers while restoring certainty to off-the-plan buyers.”

SunBuilt’s approach prioritises collaboration, long-term partnerships, and rigorous funding oversight, ensuring projects are delivered on time, on budget, and to the highest standards.

The Marine Quarter Tower Two project will generate over 300 jobs throughout its construction phase, which officially commenced last month with a target completion date of early 2027.

To read more off-the-plan news click here.