image_five_porte_cochere-2-

Drew Group breaks ground on construction for Main Beach apartment project, Lagoon

Market Insights
5 months ago
3 minutes

Local Gold Coast-based developer Drew Group has made a significant step forward in construction for its luxury apartment development, Lagoon Main Beach. Experienced builders Hutchinson Builders is on deck as project builder, recently completing the bottoming out of the basement.

Jayde Pezet, Managing Director of Lagoon’s sales agent Pezet Matheson, was on site to see the work done.

“It was truly outstanding to step inside this voluminous space,” Jayde said.

“Lagoon is Pezet Matheson’s largest project, and we are proud to be part of this industry-leading team.”

article-image
Lagoon Main Beach showcases stunning hinterland, city, or broadwater views. Click here to learn more.

Lagoon is backed by Hutchinson Builders – one of the most trusted builders on the Gold Coast. Also known as Hutchies, the Brisbane-based construction company has over ten projects actively under construction on the strip alone.

“It’s inspiring to see Lagoon in such experienced hands and we can’t wait to see more of their progress as they see the project through to completion,” said Jayde.

Due for completion in Q4 of 2025, Lagoon presents a stunning collection of home-sized apartments located just 50 metres from Tedder Avenue. Two, three, and four-bedroom apartments are selling, offering views of the Gold Coast Hinterlands, city, or Broadwater.

True to its name, the development is centred by a lagoon pool surrounded by verdant landscaping. Along with a fitness centre, heated spa, and business hub, residents’ health, wellness, and work needs are seamlessly catered to.

article-image
Enjoy resort-style living by Lagoon’s pool amenity, surrounded by lush landscaping. Click here to learn more.

Lagoon’s construction announcement comes at a time when the property market is seeing a lack of stock.

According to the 2023 Gold Coast Dwelling Supply Study, The Gold Coast’s housing supply is expected to hit a wall in the next decade. The report shows that the Gold Coast’s expansion area can likely only deliver 17,564 dwellings by 2041. This figure is well behind the state’s target of 57,194.

The Gold Coast’s expansion zone has also dropped 508 hectares since 2020, currently at 19,953 hectares due to non-residential use.

“There is a genuine lack of stock in both the established and off-the-plan markets,” Jayde said.

“We currently have ten projects under construction, representing $877 million of gross  realisation, highlighting the fact that we specialise in ensuring projects flow through to  construction in a market that is not without its challenges.”

article-image
At Lagoon Main Beach, you are afforded the idyllic Gold Coast lifestyle. Click here to learn more.

Quality units and apartments, such as those of Lagoon, will continue to be sound long-term investments for both owner-occupiers and investors in a city where growth shows no signs of slowing, with Australians continuing to flock to the Coast’s idyllic climate and lifestyle.

With an address just moments from Tedder Avenue’s world-class dining and boutique shopping and just 150 metres to the beach, Lagoon fosters the idyllic Gold Coast lifestyle.

Construction is now underway and two to four-bed residences are still available. Don’t miss out on this premier residential offering.

For more information or to enquire about Lagoon Main Beach, click here.