Edgewater Towers developer "Bruce Small visited Miami, USA, in 1958...he studied the great land reclamation projects in which the area (Everglades) abounded. His imaginative mind was seized with the parallel that existed on Queensland's own Gold Coast - Land awaiting development at the hands of a bold and enterprising builder...Bruce Small". In November 1960 Bruce Small sold the Edgewater Towers project during construction to Nichols and Borrow Finance and Development Corporation Ltd. of Sydney. "Bruce Small...had recently bought the property Questa on the corner of Robe St. and the Esplanade near Earls Court...plans are being prepared for an American-type motor-hotel (Motel) with 250 units estimated to cost £600,000. Bruce Small said his organisation hoped to get approval to build to 20 storeys in the case the lower floors would be used for car parking." Edgewater Towers is taller than Kinkabool, the first high-rise development (10 storeys, 1960) at Surfers Paradise, the forerunner of Gold Coast high-rise development. At the time Edgewater Towers was completed in 1961, the tallest residential building in Australia was Torbreck, Highgate Hill, Brisbane, 18 storey, completed 1960 by Job and Froud Architects. Harry Seidler's Blues Point Tower, Sydney, 25 storey, completed in 1962, was then tallest residential building until 1970. The tallest building in Australia at the time was ICI House, 1, Nicholson St. Melbourne, 20 storeys, completed in 1958 by Bates Smart McCutcheon. The AMP Building, 33, Alfred St. Sydney, 26 storey, completed in 1962 by Peddle, Thorpe and Walker (PTW Architects) was then tallest building until 1965. The original Edgewater Towers sales brochure included photos of the surrounding views including "City View Overlooks Albert Park and Lake" with only the single tower of ICI House visible on the horizon. In Melbourne ICI House's tallest status was surpassed by the CRA Building, 89-101, Collins Street, 26 storey, completed 1962 by Sir Bernard Evans (architect). Today the 'City View' is very different. List of tallest buildings in Melbourne. The tallest building designed by Edgewater Towers' architect Mordechai Benshemesh was Nylex House, 10, Queens Rd. Melbourne, 20 storey including a stunning penthouse apartment completed 1971. Prior to Edgewater Towers his confirmed tallest buildings were just four storeys including next door at 11 Marine Parade, 'Bay View Marina', 41 flats, 1959.