22 Nov 2021

Gold Coast property: Construction to begin on new towers

ONE of the city’s biggest developers will begin construction of two of its southern Gold Coast tower projects within days.
Hirsch and Faigen’s two projects – Hemingway Palm Beach and Emerson Kirra – are worth a combined $160m and will employ more than 400 people during the near-two year construction phase.

Both projects will open in late 2023. Construction giant Hutchinsons will be the builder.
Hirsch and Faigen director Daniel Faigen said Hemingway has sold out allof its 78 units while just seven of Emerson’s apartments remain unsold, including its $8m penthouse.
“We couldn’t have asked for a better reception to the Gold Coast market,” he said. “It’s strengthened our commitment to this piping-hot property pocket, and we look forward to seeking out further opportunities on its shores,” he said
“With a remarkable sales run behind us, we are looking forward to shifting into construction mode.

Musgrave Street by Melbourne-based developer Hirsch and Faigen
“These projects aren’t your standard class apartments, so it was important to us that we found the right builder who would execute the design flawlessly, and we have every confidence that Hutchies are the perfect fit for the job.”
Hirsch and Faigen will launch its third Gold Coast project, Yves at Mermaid Beach, to the market in December.
The 26-storey Mermaid Ave tower will feature 146 luxury apartments.


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