Azzura Investments gains draft approval for stage two of Gold Coast’s $3.1b Imperial Square

Gold Coast developer Azzura Investments has secured draft development approval for the second stage of its $3.1 billion Imperial Square development in Southport, paving the way for a start to construction following the expected completion of the first stage later this year.

The $500 million Monarch Place, a 40-level tower that will include an exclusive vertical village for retirees, was granted draft DA approval by the City of Gold Coast last week, according to a LinkeIn post by Azzura Investments founder and CEO Roberto Badalotti.

Located within Southport’s designated Priority Development Area (PDA), Imperial Square comprises four stages that in future will include the 68-level Imperial Tower and The Majesty, which will rise 108 levels and become Australia’s tallest residential tower.

Imperial Square will ultimately deliver around 1,600 dwellings and up to 40,000sqm of commercial and retail space for residents.

https://www.businessnewsaustralia.com/articles/azure-investments-gains-draft-approval-for-stage-two-of-gold-coast-s--3-1b-imperial-square.html