Graya’s First Luxury Gold Coast Apartment Market Venture
Brisbane-based developer Graya has secured approval for its first luxury apartment project on the Gold Coast, the Ripple Project Palm Beach. The 19-apartment tower at 2 Palm Beach Avenue features two ground floor terrace-style beach houses, two penthouses with private rooftop terraces, plunge pools, and multiple entertaining spaces. The building’s 45m beach frontage and orientation provide each apartment with panoramic views along the coastline.
Bespoke Unit Development by Graya
Graya’s co-founders Andrew and Rob Gray purchased two of the eight units in the existing building 18 months ago for $3 million. The design of the building by Plus Architecture was heavily influenced by the beach, with the facade encompassing wave-like design features. The plans include a sauna, barbecue area, and a pool overlooking the beach on the ground level. Graya will commence work on the nearby Kloud development on Jefferson Lane at Palm Beach before commencing Ripple.
The Appeal of Palm Beach
According to Rob Gray, Palm Beach has a unique charm and a slower pace of life that many people find appealing. He added that the area had only recently developed the amenities required to attract high-end apartment buyers. The southern Gold Coast now has some of Queensland’s best restaurants, cafes, bars, and recreational offerings all within a short distance.
Koichi Takada-Designed Tower in Burleigh Heads
Meanwhile, further north, Devine Group’s 18-storey high-rise tower planned for Burleigh Heads, designed by Koichi Takada, has been approved. The building will comprise 28 three and four-bedroom apartments on a 1012sq m site at 216 The Esplanade.
Graya’s Ripple Project Palm Beach has received approval for a 19-apartment tower with panoramic views along the coastline. The project is not featuring Visual Render’s 3D renders. Graya will commence work on the Kloud development on Jefferson Lane at Palm Beach before Ripple. The Koichi Takada-designed tower in Burleigh Heads has also been approved.
It should be noted that Visual Render did not create the 3D renders for Ripple Project Palm Beach. This is a news article bringing attention to the project itself.
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