Demolition to begin within days for $150m beach development

Demolition is set to kick off Monday for a $150m development on the Gold Coast by Brisbane-based Graya with around half the luxury units still up for grabs.

Construction works are soon to begin on a new luxury complex in the Gold Coast, which inspired its developers to get their own homes on the $150 million site.

Developer Graya will start demolition work on June 2 for its new Broadbeach development, ‘Enclave’: a 24 storey building and the company’s tallest yet - with a two year construction time-frame.

With at least $80 million in sales so far, around half the project’s 24 luxury residences have already sold.

Demolition work for Graya’s new development ‘Enclave’ will begin on Monday, June 2.

The site is the company’s tallest tower to date, featuring 24 luxury homes.

Graya Associate Director Shaun Mets said they built Enclave with an approach towards wellness in a suburb with easy access to both Brisbane and the Gold Coast.

“That level of accessibility is really valuable to our customer base,” he said. “It’s a suburb on the Gold Coast that is really maturing … [with] those little amenity nuggets that our residents really look for in a place to call home. And there’s just gonna be more of that as Broadbeach comes into its own.”

Graya’s founders, Rob and Andrew Gray, both bought their own full-floor residences at the building.

The project includes offerings such as eight half-floor apartments from 140 – 160 sqm.

Ranging from two to three-bedroom homes, these smaller luxury offerings within the complex sold out shortly after sales began.

The majority of the residences in the building are the 15 full-floor units at 305 sqm. Each of the full-floor units feature a 7 metre-long kitchen island, made from a stone feature marble Mr Mets described as “unique” to the development.

A three-level penthouse is placed at the top of the development, estimated to be worth more than $25 million.

But the best (and priciest) spot in the building is the penthouse: a three-level residence estimated to be worth more than $25m.

“The master suite is basically the same size as our three-bedroom apartments below,” Mr Mets said. “There’s nothing else quite like that, being a three level house in the sky; it really is a sky home.”

Each full-floor apartment features a 7 metre-long kitchen island made from specially crafted stone feature marble.

Everyone within the building will also have access to a private rooftop pool with views across Broadbeach, along with a comprehensive concierge service accessible through residents’ smart phones.

Both of Graya’s founders, Rob and Andrew Gray, have purchased full-floor residences within the tower.

“Our remit for choosing a development site is based around somewhere we would want to live,” Mr Mets said.

“For us, it just made a lot of sense to retain something within the building, and Rob and Andrew wanted to both keep something they could keep with their families.”

Construction is estimated to be completed by the end of 2027.

Originally published as Demolition to begin within days for $150m beach development