The last apartments have been vacated in a groundbreaking $90 million complex as the project achieves another major milestone despite tough industry times.
Most units at Lowanna Beach Resort, Buddina were purchased when the resort went on the market in early 2021.
Less than 10% of the 112 residential apartments and five commercial units remain available for sale.
The move comes as the project’s development team announced Brisbane-based Constructions Group (Aust) as the design and build builder.
Lowanna Beach Resort developer Lorna Willis said Constructions Group was chosen because of its outstanding reputation for completing $1.5 billion in projects, including many award winners.
“Lowanna Beach Resort’s vision has always been to create a space of exquisite beauty and exceptional quality, and of course we wanted to work with Constructions Group with its reputation as a progressive and dynamic commercial construction company. offering the highest level of service,” said Ms. Willis.
“The Constructions Group team brilliantly complements our development team with the common principle of delivering excellence.”
A “significant number” of women are investors in Lowanna and are learning the ropes of the developer trade through this project.
The women are connected through WOW Property Women, a group that supports and encourages other women who are leading the way in property development.
Ms Willis said it had been an incredibly difficult time for the construction industry with every builder, developer, tradesperson and project in Australia affected, and sadly many businesses did not survive.
“This is something we are increasingly focusing on when making the final decision on our build partner to ensure that we protect our development and all buyers from this risk to the extent possible.” she declared.
“With further due diligence performed, we are very confident in Constructions Group’s ability to deliver our project as we envision it,” Ms. Willis said.
The 1, 2, 3 bed and dual key apartments at Lowanna Beach Resort were incredibly popular since launch and sold out quickly until the units were taken off the market while the builder was finalized.
The few remaining units have now hit the market, with less than 10% available for sale.
Starting at just $700,000, the few remaining apartments feature spacious living areas, large balconies, plenty of storage, and luxurious shared resort facilities including a swimming pool, yoga lawn, BBQ, and clubhouse. .
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Ms Willis said the chosen builder had recently worked with its project management team – One Project Mgmt Group – on The Peninsula Hope Island on the Gold Coast.
“It gives us great confidence that these two teams work well together and value each other’s quality and integrity,” Ms. Willis said.
One Project Mgmt Group managing director Peter Ward said a construction and construction company with in-house architects was a rarity these days, but Constructions Group had maintained that tradition.
“Having the quality and pedigree of Constructions Group on board for Lowanna Beach Resort is truly great for the project,” Mr. Ward said.
“They’re a great group that’s been around for over 26 years and not only have a great reputation, but I’ve worked closely with them and highly recommend and applaud their approach and dedication to every project on which they work.”
Development and construction teams are currently finalizing details to set a construction start date, with demolition of existing homes on the Lowanna Drive and Bermagui Crescent site already complete.
For more details visit www.lowannabeachresort.com.au