Gold Coast development: Beachfront Palm Beach tower near light rail route under construction
A developer has unveiled plans for a nine-storey beachfront tower in central Palm Beach with a design inspired by a clam shell. SEE THE PLANS
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A DEVELOPER has unveiled plans for a nine-storey beachfront tower in central Palm Beach with a design inspired by a clam shell.
Quahlee Property has filed plans with the Gold Coast City Council to build the eight-unit tower on a 817sq m site on the corner of Jefferson Lane and Thirteenth Ave, close to the future route of the light rail
It will replace a two-storey duplex building which was recently demolished
“The morphology and self-sufficiency of certain clam shell species inspired the curvaceous form of the apartment pods that read as individual elements horizontally,” a planning report on the project read.
It will have eight, three-bedroom units, with a total of 24 bedrooms.
The tower will have a 25-space, two-level carpark basement which will be accessed through two car lifts.
It is the latest in a series of low-to-midrise towers either proposed or under construction in central Palm Beach, one of the suburbs which has seen the highest unit sales this year.
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PALM Beach’s newest tower has attracted sales totalling more than $80 million in just six weeks.
Ground has broken on Ignite Projects’ Cabana Palm Beach project. It is the latest of a spate of towers going up in the suburb.
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The absolute beachfront project, which will feature its own beach club, is expected to welcome its first residents by Christmas 2022.
Ignite managing director Josh Foote said fast-tracking the project in the wake of the pandemic had proven to be the “right call”.
“The market was really uncertain. In fact the whole word was uncertain, but we knew we had a gem of a site and our design concept would be spot on – we just had to hold our nerve,” he said.
SOLD: SOUTHERN GOLD COAST’S MOST EXPENSIVE EVER UNIT
“While some areas in Australia were battling Covid-19, Queensland was dodging the bullets and we realised there was huge potential for us if we maintained our course.
“We decided to expedite the design process and lodge a development approval so we could go to market in time for the Christmas holidays and tap into the potential tourist influx if Queensland remained a safe zone.”
Half of the buyers for the 30-unit tower came from interstate.
The average price for each unit was $2.7 million, $300,000 above the anticipated average sale price.
Under original plans filed with the Gold Coast City Council, there were to be 34 units. However, four buyers each paid up to $5.5 million to purchase and combine two apartments to create large penthouses.
GONE: PALM BEACH TOWER NEAR LIGHT RAIL ROUTE SELLS OUT
A GOLD Coast developer has sold out a second Palm Beach tower on the light rail route without even launching it to the market.
Buyers have snapped up all nine units in Sherpa Property Group’s $36 million Perspective Two Sea project as the developer moves to fast-track construction of the nine-storey building.
It comes just six weeks after Sherpa announced the sellout of its Perspective 488 tower which will be built on a neighbouring site to the new project.
“We are blown away by the response to our second Palm Beach development and are incredibly grateful to have found residents for each of our Perspective Two Sea apartments,” Sherpa boss Christie Leet said.
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“It’s extremely rewarding to have our project so eagerly received by buyers, and we can’t wait to start bringing our future residents’ homes to life.”
The units sold for between $3.5 million and $4.75 million, with buyers coming from Sydney, New Zealand and Melbourne as well as the Gold Coast and Brisbane.
It is the latest in a series of high-profile new developments selling out as a result of the city’s booming property market.
Palm Beach has been at the epicentre of the property buy-up, with several projects fast-tracked.
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