Boutique Palm Beach attracts developers

Plans for a nine-story apartment tower a block from Palm Beach, with arches to rival the Leaning Tower of Pisa, have been submitted to Gold Coast City Council.

The 9,000-square-foot lot at 1199 Gold Coast Highway would give way to an aging brick condominium complex for a 23-unit high-rise on the proposal of Jefferson Lane Developments Pty Ltd, a company incorporated by Brent Freeman of Gold Coast.

Designed by Raunik Design Group Architects, the tower would include 13 two-bedroom and 10 three-bedroom apartments.

The nine-story tower, to be named Saltwater, would also include two basement levels for 38 parking spaces.

It is the latest in a series of planned residential towers in the Gold Coast’s burgeoning Palm Beach market, where mid-size boutique developments are popping up.

According to the planning documents, a communal open space with pool and spa, an outdoor lounge area, a yoga room and a fitness room as well as two ground floor apartments are to be built on the ground floor.

“The design houses the proposed apartments in a mid-rise tower form that incorporates subtropical design influences from south-east Queensland,” reads the planning report.

▲ Saltwater rises to nine stories with coastal and hinterland views.

“The arrangement of indoor and outdoor living spaces provides a seamless transition, with all apartments offering quality outdoor living spaces that benefit from climate protection canopy and have north-east or south-east facing views to take advantage of the surrounding coastal landscape.”

The corner site has three street faces and is reported to offer permeable activation along the Gold Coast Highway.

“The built form and architectural language of the development encompasses a sub-tropical coastal design that reflects the Palm Beach environment, with expressive forms and surfaces embellished by a tiered landscape design that provides connections to all street frontages.

“The proposal will allow for an increase in residential density that will rejuvenate the site in an appropriate urban environment that benefits from easy access to a range of community and social infrastructure and the nearby Palm Beach District Centre.”

It’s further confidence in the resilience of Palm Beach’s boutique market after Brisbane-based developer Graya moved into the market with a luxury beachfront apartment block dubbed Ripple down the road.

Brothers Andrew and Rob Gray, in partnership with Mike Walsh, acquired two of the eight units in the existing brick block at 2 Palm Beach Avenue, Palm Beach, for approximately $3 million 12 months ago.

The developer has submitted plans to Gold Coast City Council for Plus Architecture designed Ripple which will comprise 17 apartments and two two storey ground floor beach houses on the 1730m2 site.

Graya Managing Director Rob Gray said while some coastal developments are being halted or mothballed, he is confident in the Palm Beach market.

▲ Plus Architecture took a stylistic cue from the beachfront location to create a thin tower in Palm Beach for Ripple.

Another developer consortium is entering the Palm Beach market with a collection of four-story townhouses that will test the futuristic beach house concept.

Emerging Gold Coast developer Luke Vaughan has teamed up with Australian developer Geoff Pontefract and Sri Lankan investor Buddika Kulasekara to develop seven four-story townhouses on a Palm Beach lot.

The trio have submitted plans to Gold Coast City Council for the development that is due to be named Jasmine on the 24th. Located on just 9,000 sq ft at 9 and 11 Twenty Fourth Avenues in Palm Beach, it is available through a put and call option.

Meanwhile, an ambitious proposal for Australia’s tallest tower, a $400 million vertical landmark in Southport, continues to divide public opinion.

The two-tower development would include two slender supertowers – a 100-story apartment building and a 60-story office building.

It is earmarked for a 1,245m2 site at 1 and 6 Park Lane adjacent to the Southport Bowls and Tennis Clubs and would provide 193 homes and 12,693m2 of office space.

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