Apartments supply improves in Palm Beach as Graya secure approval for Ripple
Apartment supply in Palm Beach, one of the Gold Coast's most in demand areas during the COVID-19 pandemic, is starting to look a little healthier, in the wake of a number of project launches and development approvals.
The latest to be approved is Ripple Palm Beach, the boutique 19-apartment development by luxury home builder turned multi-res developer GRAYA.
Plus Architecture designed the nine level building, noting in their design statement that they took inspiration from the rhythmic dance of the ocean below, with the facade set to emulate the flow and curves of waves.
A mix of two, three and four-bedroom apartments will be on offer, with each to benefit from their north-easterly orientation, taking advantage of views across the coastline.
Ripple will be crowned by two two-level penthouses, both with a rooftop terrace featuring a spa, fire pit, outdoor kitchen and dining area.
A suite of residential amenity will also be on offer across the ground floor, with a sauna, barbecue area and resort-style pool penned for the area.
They will first be launching Kloud to the market, their 20-apartment project on the dress circle Jefferson Lane. That will have a mix of two, three and four-bedroom apartments across 10 levels.
A render of Kloud. Image supplied
They're just waiting for development approval for Kloud before launching later this year.
There's already been significant interest in the two projects before they've launched, the majority from Brisbane and locals. There's been a number of buyers enquire who have purchased in some of Graya's previous projects in Brisbane.
Kloud and Ripple are set to join the luxury ranks alongside STEER's Cote Palm Beach project, which will have 17 half-floor apartments, each with three-bedrooms, three-bathrooms, and two parking spaces.
DKO studio director Kai Chua says the design of each apartment, balances the need for shelter and privacy whilst opening to the ocean and magnificent views. It offers all the wonders of modern coastal living with the warm, intimate embrace of home.
Demolition is currently underway on the Thirteenth Avenue project, with construction expected to start in the coming months.
Palm Beach was starved of stock when COVID-19 first hit, with Cabana Palm Beach, The Tally, The Monroe, and Hemingway, among a number to sell out in double-quick time.
There's been a large need for more affordable stock, given the forecasted population growth in Palm Beach is expected to boom over the next decade.
The most recent project launch in Palm Beach is Elevaire, which has prices starting from $715,000. Enquiry has been prominent from both Brisbane and Victoria.
The approved nine-level tower by local developer Paul Spina has 40 apartments across nine-level, designed by Cottee Parker.There will be a ground floor, wellness-centred recreational space, with hot and cold magnesium pools, an open beach shower, sauna and day beds.There was a swell of owner-occupiers descend on Seaclusion on Twenty First Avenue when that was launched toward the end of 2022, one of the first price-pointed developments to hit the market in around two years.
All the $695,000 one-bed apartments have been taken. The two-bedroom apartments start from $950,000, and three-bedrooms from $1.495 million.
Seaclusion has been optimised for the coastal lifestyle by BDA, with a range of exclusive residents-only amenities including beach showers and sand washdown areas on the ground floor and a rooftop recreation space complete with a pool, day beds and barbecue area offering panoramic oceanfront views.