Homecorp has started construction on Lýon Residences, a $360 million, 32 storey tower of 178 apartments on the edge of Budds Beach at the northern end of Surfers Paradise, ahead of a sales launch in the coming months.
Designed by DBI for a 2,130 square metre site spanning 8 to 10 Acacia Avenue and 25 to 27 Oak Avenue, the project was approved by the City of Gold Coast on 19 June 2026 and is being pitched as one of the city’s most comprehensive residential wellness offerings, with a residents-only Moroccan spa-inspired retreat on Level 6 and a rooftop retreat on Level 31.
The ground-breaking comes with a market signal attached. Surfers Paradise recorded the highest number of new off-the-plan apartment sales on the Gold Coast in the second quarter of 2026, according to the Urbis Gold Coast Essentials Apartment report, and accounted for 33 per cent of all new apartment sales across the city in the first half of the year. Homecorp founder and chief executive Ron Bakir says buyers are still looking for quality new property in locations where they can see themselves living well into the future, and that longevity has shaped the brief.
Demand for off-the-plan apartments and new builds remains strong, but buyers are increasingly considered in what they want from a home. It is not simply about how they want to live today, but how that home will support their lifestyle in 10, 20 or even 30 years. That longevity has been central to Lýon. We have considered how the project can continue giving back to residents through health, wellness, connection and amenity, creating a home that anticipates what people will need both now and well into the future.
Ron Bakir, CEO and Founder, Homecorp
The site is four amalgamated lots between Acacia Avenue and Oak Avenue, a block west of the Gold Coast Highway and just south of the JW Marriott resort, with the low-rise streets of Budds Beach and the Nerang River beyond Oak Avenue. The previous buildings, including the Oak Buchanan Lodge and Elle Place unit blocks, have been demolished and the land cleared.
Homecorp lodged the application in February 2026 as a 27 storey building of 156 apartments and, in its response to Council’s information request in May, added a basement level and lifted the yield to 178 apartments across 32 storeys; the delegated approval followed on 19 June, with the decision notice issued on 25 June.
DBI’s tower is a curved glass volume wrapped in projecting slab edges and bronze-toned fins, sitting on a textured podium of timber-look battens, planters and perforated screens. The architects describe the slab projections as calibrated solar protection tuned to each orientation, most pronounced at the corners, and the height as deliberately set to lift the apartments above the neighbouring Marriott podium so that residents look out over the canal and the hinterland.
The tower form is carefully shaped to maximise the unique visual opportunities afforded by Budds Beach. The project site forms part of the urban edge at the interface between Surfers Paradise and Budds Beach. Floor plates and facade strategies are arranged to capture uninterrupted canal and hinterland views, reinforcing the connection between residents and the surrounding landscape.
DBI, Architectural Design Intent Statement
The building is organised as a basement and ground floor, four podium levels of car parking sleeved in planting, a Level 6 amenity floor with the first six apartments, 23 residential floors from Level 7 to Level 29, a plant level and the Level 31 rooftop.
The 178 apartments are weighted to two bedrooms, with 164 two bedroom, 12 three bedroom and two four bedroom penthouses on Level 29, 372 bedrooms in all, and balconies range from 7.1 to 48.7 square metres. Typical tower floors carry eight apartments around a central core, with the largest balconies on the corners where the slab edges flare.
The wellness retreat on Level 6 takes 258 square metres: private treatment rooms, a traditional Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a juice bar, finished in natural stone. The rooftop on Level 31 is larger again at 576 square metres, with a heated infinity pool and spa placed to the north and west for the afternoon sun, and the residents lounge, private kitchen and bar, fitness centre, barbecue facilities and entertaining lounges turned south towards the city skyline. A planted ring around the roof edge is mirrored by a halo roof above it, the detail that gives the tower its crown.
At the roof top level, the form expands to celebrate a rooftop amenity positioned to the North and West, allowing residents to enjoy afternoon sun, while also orientating communal lounge and gym areas toward city views to the south. The roof top is ringed by a planter edge that is mirrored in a halo roof top, which reinforce the recessed building envelope.
DBI, Architectural Design Intent Statement
Gold Coast Mayor Tom Tate has welcomed the start of work as a vote of confidence in the city and in giving buyers a wider choice of homes.
Developments like this demonstrate confidence in the city’s future, while giving buyers an incredible level of amenity and, importantly, giving Gold Coasters greater choice when it comes to property. We are a world-class city growing at an extraordinary pace. We need more homes, we need to give buyers greater choice and we need continued confidence in the future of the Gold Coast. That is what we are seeing through developments like Lýon.
Councillor Tom Tate, Mayor of the City of the Gold Coast
Apartments at Lýon Residences will be priced from $1,600,000, and Homecorp says the project has already attracted significant pre-launch interest. Connected to the light rail and the Gold Coast Highway, residents are minutes from Surfers Paradise, Broadbeach and Burleigh Heads, the beaches and the Broadwater.
Budds Beach has a unique character and sense of community that people genuinely value, and we understand the importance of respecting that as the area continues to evolve. Lýon occupies a fantastic position on its edge, giving residents the opportunity to feel connected to the neighbourhood while having the broader Gold Coast within easy reach.
Ron Bakir, CEO and Founder, Homecorp
Project Rundown
| Development Parameter | Proposed Development |
|---|---|
| Address | 8 to 10 Acacia Avenue and 25 to 27 Oak Avenue, Surfers Paradise QLD 4217 |
| Application Number | MCU/2026/72 (City of Gold Coast) |
| Development Type | Material change of use for a multiple dwelling (178 units) |
| Site Area | 2,130 m² across four amalgamated lots, cleared of the previous buildings |
| Zone | High density residential zone; Light rail urban renewal area (frame) |
| Height | 32 storeys / 105.9 m: one basement, ground floor, four podium parking levels, Level 6 wellness and apartments, Levels 7 to 29 apartments, Level 30 plant, Level 31 rooftop |
| Apartments | 178: 164 two bedroom, 12 three bedroom and 2 four bedroom penthouses (372 bedrooms) |
| Gross Floor Area | Not specified or detailed within the documents reviewed. |
| Site Cover | Podium 72.6%; tower 45.1% |
| Setbacks | Tower 3.8 to 8.6 m north, 5.4 to 10 m to Acacia Avenue, 4 to 7.8 m to Oak Avenue, 3.7 to 13.5 m south |
| Communal Open Space | 834 m²: 258 m² wellness retreat on Level 6 and 576 m² rooftop on Level 31 |
| Wellness Retreat | Moroccan spa-inspired: private treatment rooms, Nordic sauna, steam room, hot and cold plunge pools, soaking pool and juice bar |
| Rooftop Amenity | Heated infinity pool and spa, residents lounge with private kitchen and bar, fitness centre, barbecue facilities and entertaining lounges |
| Private Open Space | Balconies of 7.1 m² to 48.7 m² |
| Sustainability | Framework: No rating tool is nominated. The design brief is built around health, wellness and longevity rather than a certification. Envelope: Projecting slab edges and curvilinear fins provide solar shading calibrated to each orientation of the tower, most pronounced at the corners, to limit summer heat gain; the glass tower sits on a textured, permeable podium. Living Greenery: Planter-lined edges on every podium level, timber-look battens and a planted rooftop ring mirrored by a halo roof; landscape by LDGLA with a beachside planting palette. Water: 504 m³ of flood storage tanks and a shelter-in-place flood emergency strategy; stormwater quality treated through five full-height filter cartridges with 8.5 m³ of detention. Movement: 248 car spaces (230 resident, 18 visitor), 60 resident and 15 visitor bicycle spaces, within walking distance of the Surfers Paradise North light rail station. Solar PV: Not specified or detailed within the documents reviewed. Waste & Recycling: A single waste chute to a ground floor refuse room, with four 2,000 L general waste bins and three 2,000 L recycling bins collected twice a week by a medium rigid vehicle standing on site. No recycling chute or diverter is described. |
| Car Parking | 248 spaces (230 resident, 18 visitor) in a basement and four podium levels |
| Bicycle Parking | 75 spaces (60 resident, 15 visitor) |
| Vehicle Access | Two crossovers, one from Acacia Avenue and one from Oak Avenue |
| Project Value | $360 million |
| Prices | From $1,600,000 |
| Status | Approved 19 June 2026 (decision notice 25 June 2026); construction commenced September 2026; sales launch in the coming months |
| Assessment Level | Code assessable |
| Developer / Builder | Homecorp (Homecorp Constructions Pty Ltd), owned by Prime Life Technologies |
| Architect | DBI |
| Town Planner and Waste | Zone Planning Group |
| Landscape Architect | LDGLA |
| Traffic | Bitzios |
| Civil | Group 6 |
| Acoustic | Acousticworks |
| Flood | Michael Bale |
| Date Submitted | 23 February 2026 (properly made) |
Homecorp is a Gold Coast based developer and home builder with more than 20 years of experience, delivering land estates, custom homes and multi-residential projects from the Capricorn Coast to South Australia. The company is owned by Prime Life Technologies, the joint venture between Toyota and Panasonic, and builds what it develops.
Lýon follows Homecorp’s $210 million Florence Residences in Surfers Paradise, a wellness-led tower that reported a 75 per cent sell-out, and the company has also lodged plans for a 25 storey tower beside Cascade Gardens on Monte Carlo Avenue. Founder and chief executive Ron Bakir leads the group.
Plans
lyon-residences-surfers-paradise-approved-plansRenders and drawings by DBI, from the approved development application MCU/2026/72 and Homecorp’s September 2026 announcement; renders are indicative and subject to change. Figures are drawn from the City of Gold Coast delegated assessment report and decision notice, the DBI architectural package, and the Homecorp media release. Market data cited from the Urbis Gold Coast Essentials Apartment Q2 2026 report.
