The Oracle, Queensland
Apartment development in Australia
From Wikipedia, the free encyclopedia
The Oracle is a $850 million two-tower luxury apartment development at Broadbeach on the Gold Coast, Queensland, Australia. When completed it held the record for tallest building and highest apartment sale in 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 | |
|---|---|
| |
 Interactive map of the The Oracle area | |
General information | |
| Status | Completed |
| Type | Residential/Retail/Hotel |
| Location | Broadbeach, Gold Coast, Australia |
| Coordinates | 28°01′50.6″S 153°25′56.8″E |
| Opening | 2010 |
| Height | |
| Roof | 160 metres (520 ft) / 130 metres (430 ft) |
| Technical details | |
| Floor count | 50 / 40 |
| Design and construction | |
| Developer | Niecon Developments |
| Main contractor | Grocon |
| References | |
| The Oracle Broadbeach | |
The Oracle was developed by South Sky Investments subsidiary of Niecon with architecture by Design By Innovation (DBI) and constructed by Melbourne-based company Grocon.[2] The project is the second five-star hotel built on the Gold Coast after the Palazzo Versace.[3]
Location
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 Great Recession.[7]
