Raptis has cemented its position in Broadbeach with another tower due to come out of the ground soon after winning approval from the Gold Coast City Council.
The Gold Coast developer filed plans for the 41-storey, 180-apartment tower at 42-46 Chelsea Avenue at Broadbeach earlier this year.
Houses on the 1821sq m site would make way for the four-storey podium and 36-level Archidom-designed residential tower.
GV Property facilitated the sale of the agglomerated site to Raptis for $6.5 million in 2021.
The tower would comprise 36 two-bedroom apartments and 144 three-bedroom apartments, above communal amenities on level 3, including a lap pool, gym/yoga studio, sauna, outdoor terrace and lounge areas, a resident’s lounge, and a private dining room.
According to planning documents the tower’s design reflects the “emerging tower and tower base form in Broadbeach”.
“[It] will create an elegant and appealing built form outcome utilising a combination of organic coastal curves and an off-square tower orientation to capture a north-easterly aspect,” the report said.
Synonymous with the northern end of the Gold Coast, Raptis has a solid foundation in the development of integrated residential, resort, retail and commercial developments.
Construction is currently under way on its Sterling Broadbeach development, a 40-storey Koichi Takada-designed apartment tower at 6-8 George Avenue.
The Pearl Main Beach tower on Tedder Avenue and the recently completed and sold out The Gallery Residences Tower are also part of Raptis’ Broadbeach portfolio.
Down the road Jewel Private Residences have been launched to market, following the opening of The Langham in October.
AW Holding Group has launched the first release to the market of the Sapphire Collection—40 luxury apartments in Tower 1, ranging in price from $800,000 to $6.5 million.
Total Property Group managing director Adrian Parsons said the collection of apartments on offer would service the luxury end of the Gold Coast market.
“We are expecting a lot of interest from Sydney and Melbourne buyers as well as Brisbane and Gold Coast locals, considering the Gold Coast’s growth and undersupply of luxury property,” Parsons said.
“This is such an iconic landmark development that is already completed. Everything else is either in planning or under construction. Considering the strength of the Gold Coast market, we don’t expect the 40 apartments to remain on the market for long.”
Article source: www.theurbandeveloper.com