Chevron Renaissance

Chevron Renaissance
(Shopping Mall & Apartment Complex)

Chevron Renaissance Development
General information
Type Retail, Commercial & Residential
Address

3240 Surfers Paradise Blvd Surfers Paradise,

Gold Coast Queensland 4217
Coordinates 27°59′56.2812″S 153°25′42.9960″E / 27.998967000°S 153.428610000°E / -27.998967000; 153.428610000
Completed In stages from 2000 through to March 2005
Owner Precision Group
Design and construction
Developer Raptis Group

Chevron Renaissance is a $400 million development on the Gold Coast, Queensland, Australia comprising both Chevron Renaissance Shopping Centre and Towers of Chevron Renaissance (Mantra Towers of Chevron) apartments. Chevron Renaissance is on the site of the old Chevron Hotel in Surfers Paradise. [1][2][3][4]

The Chevron Renaissance commercial development occupies the block of land extending from the Gold Coast Highway in the east to Ferny Avenue in the west and from Circle on Cavill in the south halfway towards Cavill Avenue and Elkhorn Avenue in the north. Construction of the complex commenced in November 1999, was completed in December 2004 and opened in March 2005 by Queensland Premier Peter Beattie.[5][6]

History

Chevron Renaissance is the most significant Gold Coast development since the late 1950s. The first part of the Chevron was a "temporary" public bar that opened in June 1957. In August 1957 the upstairs Skyline Cabaret opened and this was something quite new to Australia – a spacious indoor beer garden where liquor, meals and coffee were available with entertainment and dancing.[7][8]

In June 1958 the first accommodation wing opened at the new Chevron Hotel. This was followed in September by a second wing. In September 1960, work began on the construction of the Chevron Hotel’s Main Block, which included a 24–lane bowling alley underneath and a large, modern convention centre – the Corroboree Room. The Chevron was then as modern as any hotel in Australia and closer to international standards than any resort hotel in the nation.[7][8]

In 1987 most of the Chevron was demolished, leaving Surfers Paradise with a two-hectare hole in the middle of town for more than a decade due to the recession and lack of interest from property developers. In October 1999 Raptis Group unveiled plans for the $400 million Chevron Renaissance development and announced work would begin immediately.[7][9]

Development

The Chevron Renaissance development was a construction milestone record. The construction began with the driving of piles to a depth of approximately 45 m, plus an additional 10 m into the bedrock in places, to create the foundation for three towers.

The development was carried out at an average of 4.5 apartments a week over three years. The triple Towers of Chevron Renaissance used approximately 55,000 cum of concrete and more than 10,000 tonnes of steel reinforcement during the construction. It was a massive project including five acres of retail, commercial and dining space, three residential towers and two acres of garden podium and lagoon on the roof.

Chevron Renaissance Shopping Centre

The Chevron Renaissance complex includes the 13,127 square metre Chevron Renaissance Shopping Centre. The centre was opened in 2000 and redeveloped in 2014, and includes a Coles supermarket, 2 Liquorlands and approximately 60 specialty tenants.[10]

In 2014 $5 million was expended during updates to the Chevron Renaissance Shopping Centre.[11] As part of the process "Chevron Lane" was established to provide a range of cuisine and a street scene akin to Melbourne laneway culture. An existing piazza was also augmented with shade sails, timber features, gardens and a fountain was recreated as a hospitality outlet.[11]

The centre changed ownership in 2015, when Precision Group acquired the property for $74 million from Morgan Stanley's Arena Investment Management.[12] The Bank of China provided financial backing for the transaction.[10][13]

Chevron Renaissance Towers

The three towers in the Chevron Renaissance, located above the Chevron Renaissance shopping centre are:[14]

  1. Skyline Tower - Tower 1 (39 levels);
  2. Skyline North - Tower 2 (48 levels);
  3. Skyline Central - Tower 3 (39 levels).

Awards

Raptis Group received several awards for the Chevron Renaissance project:[15][16][17]

See also

References

  1. ↑ "Skyline's Beach a Tall Storey". The Sunday Mail. 16 May 2004. p. 120.
  2. ↑ Sommefeld, Jeff (5 July 2002). "Operator Chosen for New Chevron". The Courier - Mail. p. 40.
  3. ↑ "Renaissance Targets the ReGeneration - Property as an Investment - A Special Advertising Report". Weekend Australian. 1 December 2001. p. 40.
  4. ↑ Sommerfeld, Jeff (21 December 2001). "Marquis Targets the Top End - Penthouse Standard at New Coast Complex". The Courier - Mail. p. 37.
  5. ↑ "Raptis Reaches for the Sky". The Gold Coast Bulletin. 16 March 2005. p. 24.
  6. ↑ Kirkbride, Tanya (16 March 2005). "Opening of Project that Pumped New Life into Surfers Celebrations and a Big Rap for Jim's Mum". The Gold Coast Bulletin. p. 4.
  7. 1 2 3 Potts, Andrew (6 December 2013). "Take a look back at some of the Gold Coast's most iconic hotels and motels". The Gold Coast Bulletin. p. 4. Retrieved 1 August 2015.
  8. 1 2 McRobbie, Alexander (1984). The Fabulous Gold Coast. Surfers Paradise, Qld: Pan News.
  9. ↑ Doherty, Denis (1 April 2005). "Tycoon to End Links with Coast". The Gold Coast Bulletin. p. 96.
  10. 1 2 Cranston, Matthew (28 May 2015). "Morgan Stanley's Arena makes final $74 million Gold Coast property sale". Australian Financial Review. Retrieved 1 August 2015.
  11. 1 2 "Funky Laneway Feel for Chevron Revamp Gold Coast Edition". The Gold Coast Bulletin. 3 October 2014. p. 60.
  12. ↑ Chevron Renaissance Property Trust Archived 21 September 2015 at the Wayback Machine.
  13. ↑ Cranston, Matthew (16 December 2014). "Precision Group mulls deal for Arena's Chevron Renaissance shopping centre". The Australian Financial Review.
  14. ↑ "Chevron Renaissance Resort - Skyline Tower". www.holidayholiday.com.au. Retrieved 2015-08-10.
  15. ↑ "Raptis Group Awards". www.raptis.com. Retrieved 2015-08-10.
  16. ↑ "More Awards for Chevron Project". The Gold Coast Bulletin. 28 October 2005. p. 84.
  17. ↑ "Workers' Safety Award to Raptis GroupTower Toil Raises Bar". The Gold Coast Bulletin. 9 September 2005. p. 79.
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