The prolific Gold Coast development company Aniko Group is set to deliver an iconic new residential project to the fast-growing northern suburb of Hope Island. The company has commenced construction on its $140 million upmarket project known as “No. 1 Grant Avenue”. The project is set to answer the call for more apartments in the high growth Hope Island area which currently has a critical shortage of apartment dwellings.

Aniko Group founder, George Mastrocostas said the commencement of construction came ahead of schedule as a result of strong market interest in the project. “We’ve taken this project to the market and the level of interest has well exceeded our expectations. It’s a milestone development, one of our most impressive projects to date and the apartments are certainly very competitively priced,” George Mastrocostas said.

Aniko Group’s in-house construction team has begun site works on the project specially designed for lifestyle buyers. No. 1 Grant Avenue will comprise 210 apartments with a luxurious twist that will bring all the trappings of a luxury resort for residents to enjoy. The first stage at No. 1 Grant Avenue will comprise 105 apartments, ranging from one-bedroom, plus study to three-bedroom, plus study residences.  Apartments will range in size from 86sqm to 199sqm. Prices start from $369,000.

The upmarket development, strategically located on an 8390sqm waterfront site, is poised to further transform the central Hope Island precinct following the recent opening of the $65 million Hope Island Marketplace located adjacent to the site.

No. 1 Grant Avenue adds to Mr Mastrocostas’ impressive portfolio of projects, including the $55 million Three72 Marine apartment project at Labrador which became the Gold Coast’s fastest selling development, reaching sell-out months ahead of construction. With 20 years’ experience in the property industry George Mastrocostas has created more than 1000 luxurious residences in some of south-east Queensland’s premier addresses.

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