The last few apartments have been released at a ground-breaking $90 million resort as the project reaches another major milestone despite tough times in the industry.
Most of the units in Lowanna Beach Resort, Buddina, were snapped up when the resort was placed on the market in early 2021.
Less than 10 per cent 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-construct builder.
Lowanna Beach Resort developer Lorna Willis said Constructions Group was chosen because of its outstanding reputation for delivering $1.5billion in projects, including many award-winners.
“The vision for Lowanna Beach Resort has always been to create a space of exquisite beauty and outstanding quality, and of course we wanted to work with Constructions Group with their reputation for being a progressive and dynamic commercial construction company providing the highest level of service,” said Ms Willis.
“The Constructions Group team brilliantly complement our development team with the shared principle of delivering excellence.”
A “significant number” of women are investors in Lowanna and learning the ropes of being a developer through this project.
The ladies are connected through WOW Property Women, a group which supports and encourages other females blazing a trail in property development.
Ms Willis said it had been an incredibly challenging period for the construction industry with every builder, developer, tradesperson, and project in Australia impacted, and unfortunately many companies have not survived.
“This is something we’ve been increasingly focused on as we made the final decision on our build partner to ensure we protected our development and all buyers from such risk to the greatest extent possible,” she said.
“With extra due diligence performed, we are very confident in Constructions Group’s ability to deliver our project as we envisage,” said Ms. Willis.
Lowanna Beach Resort’s 1, 2, 3-bed and dual key apartments have been incredibly popular since they were launched and sold quickly until units were withheld from the market while the builder was finalised.
The few remaining units have now been released to the market, with less than 10 per cent available for sale.
Priced from just $700,000, the remaining few apartments boast spacious living areas, large balconies, plenty of storage and luxurious shared resort facilities that include pool, yoga lawn, BBQ and clubhouse.
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Ms Willis said the chosen builder had recently worked with her project management team – One Project Mgmt Group – on The Peninsula Hope Island on the Gold Coast.
“It gives us great confidence that both these teams work well together and highly regard one another’s quality and integrity,” said Ms. Willis.
One Project Mgmt Group managing director Peter Ward said a building and construction company with in-house architects was a rarity these days, but Constructions Group had maintained this tradition.
“To have the quality and pedigree of Constructions Group on board for Lowanna Beach Resort is really great for the project,” said Mr Ward.
“They are a terrific group who have 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 each project they work on.”
The development and building teams are now finalising details to set a construction start date, with demolition of the existing houses on the site at Lowanna Drive and Bermagui Crescent already complete.
For more details visit www.lowannabeachresort.com.au
