Gold Coast development: Jim Raptis unveils new high-rise tower for Broadbeach’s Chelsea Ave

Developer Jim Raptis has revealed his next move and it will see a Broadbeach street dramatically changed. SEE THE PLANS

DEVELOPER Jim Raptis wants to build a $190m high-rise on a residential Broadbeach street.

The Raptis company, jointly run by Mr Raptis and his son Evan, has filed plans with the Gold Coast City Council for the 41-storey tower on a 1821sq m site on Chelsea Ave.

It will have 180 units, 36 of which will have two bedrooms. The remainder will be three-bedroom apartments.

Artist impression of a 41-storey tower planned for Chelsea Ave, Broadbeach by Raptis

Raptis, which already has more than $250m of towers under construction on the Coast, hopes to begin construction in late 2022.

Jim Raptis said the Chelsea Ave tower had been designed for post-Covid living arrangements.

“The opportunity to convert third bedrooms into home offices or an additional media or living space is a popular request,” he said.

Artist impression of a 41-storey tower planned for Chelsea Ave, Broadbeach by Raptis

“We anticipate this demand will increase as home-life and work-life coexist post Covid.”

“Across our developments, we’ve seen an emerging appreciation of space and lifestyle from buyers”.

Jim Raptis. Picture Glenn Hampson

It has been an eventful half-year for Jim Raptis, who, along with wife Helen and son Evan, faces an $80m asset freeze, including the veteran developer’s $20m Paradise Waters mansion.

The freeze came as the ATO seeks $109.7m from Mr Raptis, members of his family and other entities they allege are linked to him.

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