Building is set to begin on the latest “boutique” development along a road that is fast becoming a multi-residential hub.
In May, Noosa Council granted approval for 38 units across four blocks at Noosaville.
Known as Jura Noosa, the $43 million development will set “new benchmarks” in the tightly held market.
Located at 79 Eumundi-Noosa Road, Noosaville, this latest development will join the likes of recently completed projects The Whitley and Malolo Noosa along the same road.
The site, which includes 81 and 83 Eumundi-Noosa Road and 26 Headland Drive, previously contained residential dwellings and sheds.
Developer Capital Prudential has appointed QLD Built to construct Jura Noosa, which upon completion will include combination of two- and three-bedroom townhouses and apartments.
The development will also feature a resort-style pool and tropical-inspired landscaped barbecue area for residents.
Capital Prudential general manager of property Clancy Sprouster said he was construction was ready to begin after a successful pre-sales campaign.
“We are excited to have Jura finally underway, the feedback from both residents and investors has been very positive,” he said.
“They love the layout of the architecturally designed apartments and townhouses and Jura’s location near shopping precincts, schools, allied health and Noosa Hospital, as well as dining, sporting and entertainment precincts.
“Our company has successfully delivered a number of smaller projects in Noosa and many larger across the country.”
Mr Sprouster said Tewantin-based Blackwood Architects and Noosaville-based Pivotal Perspective had been engaged for the project, alongside QLD Built.
Milestone Property Group managing director Jeremy Gilmore said interest in the Noosa property market remained strong.
“Over the past few years, we have sold a number of projects in Noosa, including Parkridge Noosa as well as Malolo and The Whitely, which are both located on Eumundi-Noosa Road,” he said.
“Demand for Noosa property is still very strong because it’s a national and international brand of excellence driven by a number of lifestyle factors.
“Buyers and those inquiring about Jura are specifically looking for architecturally designed two- and three-bedroom apartments and townhomes that are brand new, never lived in, that they can call home.
“They love everything about the design and its location, which is far away enough from the hustle and bustle of Hastings Street and Noosa Junction, and yet everything they need is in close proximity.”
Prices at Jura Noosa start at $960,000 for a two-bedroom unit through to $1.49 million for a three-bedroom unit.
Construction is expected to be completed towards the end of 2025.
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