Melbourne-based property developer Hirsch & Faigen is nearing a sellout of its $350 million Gold Coast portfolio, with two high-profile projects nearing completion and another progressing significantly in development.
The company’s inaugural project, the $75m Hemingway Palm Beach, has already secured buyers for all apartments. Its next venture, the $75m Emerson Kirra, is a whisker away from a sellout, needing just a penthouse to be taken up. The firm is poised to close off a hugely successful Gold Coast foray with three projects wrapped up in a little over two years.
Hirsch & Faigen’s latest venture, the ambitious $200m Yves Mermaid Beach, already boasts 90% of its apartments sold. The property juggernaut expresses confidence in procuring buyers for the remaining flats in the coming months.
Hutchinson Builders, one of Queensland’s largest and most reputable builders in history, currently undertakes construction of all three properties. Both Hemingway and Emerson have seen significant development and are approaching completion.
Concurrently, Yves Mermaid Beach, the largest of Hirsch & Faigen’s developments, is coming up following the recent completion of its basement car parking and now reaching the ground floor level.
Hirsch & Faigen Director Daniel Faigen said, “When we entered the Gold Coast market with our first project in early 2021, we did so with a great deal of confidence that we could replicate the quality we are renowned for in Melbourne on the Gold Coast, but with that distinctive coastal style that buyers in the region expect.
“With our debut development Hemingway Palm Beach selling rapidly, our faith in the Gold Coast was further affirmed by the success of Emerson and Yves.
“We have been especially proud that apartment buyers have recognised our reputation for project delivery, which has helped drive our sales success across all three projects.”
The penthouse atop Emerson Kirra’s 13-level residential tower is selling at $10 million, marking the development’s near sell-out. The full-floor residence offers unrivalled ocean and city skyline views, located in the heart of the southern Gold Coast’s most sought-after beachside suburb.
Meanwhile, Yves Mermaid Beach, comprising 146 luxury apartments across 25 levels, has only seven units remaining, including five two-bedroom apartments and two penthouses.
Matt George, Sales Director for Hirsch & Faigen, noted, “Yves is still generating strong interest from a broad range of buyers looking for the lifestyle afforded by this exclusive pocket of Mermaid Beach, just a stroll away from Pacific Fair and the Broadbeach entertainment precinct.
“Given the rapid pace with which apartments have been purchased to date, we expect the remaining apartments to sell out this year.”
Yves apartments are priced from $1.05 million to $1.3 million, with penthouses priced from $5 million to $6.5 million.
Following its successful ventures on the Gold Coast, Hirsch & Faigen hinted at future developments in the city.
Daniel Faigen stated, “Our team is always reviewing opportunities across the territories in which we operate, and the Gold Coast will remain a focus for us in the future.”
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Header image of Emerson Kirra’s penthouse.
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