Serenity’s only Hope

18 November 2016

Serenity Cove, a $650 million masterplanned community at Hope Island that has been on the drawing board for some years, is about to be released to the market.

The waterfront community will feature 465 homes set around a 18ha lake that offers access to the Broadwater.

It is to be rolled out by Malaysia- based multinationals Sime Darby and Brunsfield International Group on a 75ha parcel, acquired by the partnership in 2007, earlier formed as part of the abutting Oyster Cove community.

The partners have spent more than $25 million on civil works preparing the site for development.

Serenity Cove will comprise a mix of apartments, townhouses and freestanding houses and will feature a small marina and a 3800sq m retail and dining precinct fronting Lake Serenity, the community’s centrepiece lake.

Waterfront homes will have individual mooring facilities, and Serenity Cove boaties will have access to the Broadwater via Coombabah Creek.

Project manager Mark Mehr said Serenity Cove is being launched to a residential market hungry for quality product.

“The community will be the last development of its kind at Hope Island, where we are witnessing a diminishing supply of new residential stock, especially waterfront land, while demand continues to grow,” he said.

More than a third of the site (27ha) will be conserved as nature reserve, a further 10ha will become parkland, and just 19ha will be developed.

Colliers International will market Serenity Cove, which will launch its first land release in coming months.

Colliers International national director projects Tony Hymus said the development presents an opportunity at Hope Island that cannot be replicated.

“It is the last piece of land at Hope Island that can accommodate a masterplanned community,” he said. “Residential land opportunities at Hope Island are drying up.”

Gold Coast Bulletin – Martin Rasini


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