Demolition has now commenced on the site of Niecon Plaza to make way for the new billion-dollar Broadbeach project Victoria & Albert. Construction is expected to be underway soon.
Victoria & Albert is one of Broadbeach’s most exciting new developments and is expected to be one of the most visionary mixed-use precincts in the area.
Total construction of the project, including demolition, is expected to take three and a half years to complete. Completion is currently scheduled for January 2026.
Victoria & Albert will comprise 399 apartments and an activated ground-floor public precinct. In this public precinct, there will be a range of food and beverage destinations, high-end retail, and commercial offices.
This dual-tower mega-development will see the creation of two individual towers. The Victoria tower will stand at 56 storeys, whilst the Albert tower will be 40 storeys. Victoria & Albert will also be home to an elevated recreational podium. This will include a north-facing 25-metre lap pool, a gym, a yoga deck, a resident’s lounge, a kid’s area, a zen garden, and an outdoor dining/barbecue area.
“The start of demolition marks an exciting step forward in the delivery of V&A Broadbeach, and we look forward to seeing our vision come to life over the coming few years,” said Sam Arnaout, CEO of Iris Capital.
“We have spent a lot of time ensuring a project of this scale was deliverable in the current climate, and we are proud to today be embarking on the first major construction milestone.”
After seeing strong initial sales, Victoria & Albert’s construction was fast-tracked. In just six months, the project’s dual-tower residential component amassed $200 million in sales.
“The project has been exceptionally well received by both the local and interstate market,” said David Higgins, Residential director of Colliers Gold Coast.
“Many buyers have been enticed by the project’s proximity to key lifestyle amenities and the ground floor activation, which is set to reinvigorate the heart of Broadbeach with a world class retail and dining precinct.
“With the first stage of construction now underway, we are looking forward to soon having a collection of high quality homes to showcase for our new residents.”
There is a range of apartments still up for sale across both the Victoria and Albert towers, including two, three, and four-bedroom apartments. Albert residences are available from $1.61 million, and Victoria apartments start from $840,000.
As demolition and construction begin, now is an ideal time to consider purchasing one of the brand-new luxury apartments at Victoria & Albert.
To learn more about Victoria & Albert or to enquire, click here.
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