Construction has started on first major property development at Ettalong Beach since the Ettalong Memorial Club and Mantra Hotel development in 2005.
Atlantis is being constructed on a 2,352 sqm site opposite the Ettalong Club and Mantra Hotel on the corner of Memorial Avenue and The Esplanade overlooking the entrance to Brisbane Water.
Acquired by Sydney developer Mars Property Group in September 2015 for $7 million the seven level development will comprise 59 luxury apartments plus ground floor restaurant and seven retail shops with basement car parking. The project has been designed by Sydney architects CDA Architects and is being built by Sydney builder Deicorp Pty Ltd.
The project is planned for completion in mid-2018.
Ettalong Beach real estate agent Helen Hughes, who is Marketing Agent for Atlantis, reports that sales of apartments are progressing ahead of expectations.