The Oracle, Queensland

Coordinates: 28°01′50.6″S 153°25′56.8″E / 28.030722°S 153.432444°E / -28.030722; 153.432444
Source: Wikipedia, the free encyclopedia.

The Oracle
Niecon Developments
Main contractorGrocon
References
The Oracle Broadbeach

The Oracle is a $850 million two-tower luxury apartment development at

Broadbeach.[1] The project consists of a 50-storey beach tower and a 40-storey hinterland
tower and features a retail precinct which will be centred on the "Oracle Boulevard".

The Oracle was developed by South Sky Investments subsidiary of

Palazzo Versace.[3]

Location

The Oracle site is bounded by Elizabeth Avenue, Surf Parade and Charles Avenue, Broadbeach, a suburb of the Gold Coast, Queensland.[4][5] It has taken over 15 years to amalgamate the site which is almost a whole city block.[2]

Features

Designed by

Niecon Developments in conjunction with Design By Innovation (DBI),[6] The Oracle consists of a 50-storey and a 40-storey luxury residential tower above a gallery of boutiques, cafés and restaurants. The project includes a total of 505 apartments containing between one and three bedrooms.[3]

The residence has a number of high-speed lifts, a water feature,

Zen garden and tai chi lawn. Sporting facilities include a 25 m heated lap pool, indoor spa, steam room, sauna, and gymnasium. Leisure facilities include an in-house cinema with surround sound, private wine lockers, an executive lounge, and a Teppanyaki
grill.

The Peppers Broadbeach Hotel, a five-star hotel within the complex, opened in November 2010.[7]

Receivership

In December 2010 the South Sky Investments, developer of the Oracle complex, has been placed into receivership as the company was unable to achieve settlements of up to 400 pre-sold apartments. The remaining apartments, which ranged in price from A$850,000 to A$12m, had been pre-sold before the

global financial crisis.[7]

See also
  • List of tallest buildings on the Gold Coast, Queensland

References

  1. ^ Steve Spinks (9 October 2008). "The Oracle rises above the crisis". Retrieved 1 September 2009.
  2. ^ a b Gold Coast News (22 May 2008). "Twin-tower Oracle project poised to realise its promise". Retrieved 1 September 2009.
  3. ^ a b "Gold Coast's Oracle towers open before year ends". International Business Times. 23 July 2010. Archived from the original on 26 July 2010. Retrieved 19 November 2010.
  4. ^ "Very Gold Coast". Retrieved 1 September 2009.
  5. ^ "Google Street Map". 2008. Retrieved 1 September 2009.
  6. ^ "Design By Innovation Official Website". Retrieved 1 September 2009.
  7. ^ a b "Gold Coast complex crashes into receivership". The Australian. 17 December 2010. Retrieved 21 October 2011.

External links

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