5Point go again in Palm Beach with Palm Shores apartment development
Palm Beach is in very much in vogue, and everyone's charging toward the beachfront.
While Sherpa and Ignite recently secured sites on the eastern side of the Gold Coast Highway, now 5Point, who is currently both developing and building Ophira just a few doors down, has more plans for the beachfront.
They've secured a prime 824 sqm site at 171-173 Jefferson Lane where they've submitted plans for Palm Shores, a nine-level building with 16 apartments.
The proposed project by Plus Architecture will have three and four-bedroom apartments, a market 5Point has doubled-down on in the last 12 months. The apartments will sit above three levels of basement, enough parking for 40 cars.
Plus said in the documentation submitted to the Gold Coast City Council that "it's all about the view."
"Put simply, water + sand," Plus wrote.
They said the crafted curves create a visual story of the site and the connection to the sand. The facade will feature grooved concrete panelling and prefinished metal fins to create a striking exterior.
The ground level of Palm Shores will home to two beach house-style units that will span two levels. Three-bedroom, half-floor apartments run from level three to the penthouses that start on level eight. They each have four bedrooms and their own private rooftop terraces with a swimming pool and outdoor dining area.
The apartments will range in size from around 156 sqm to 250 sqm, each featuring private open balconies off the living, kitchen, and dining areas, oriented towards the east to capitalise on oceanfront views.
The resident amenity will be on the ground level and include a pool, landscaping, deck areas, and day beds, oriented to receive sunlight throughout the year.
Zone Landscape Architecture has integrated planting elements within the built form, including a canopy tree as a key landscaping feature at the ground level.
The proposed development at Jefferson Lane is part of 5Point's broader strategy to contribute to the region's housing targets, as outlined in the ShapingSEQ 2023 plan, which emphasises the need for high-rise residential developments on the Gold Coast.
Recently Ignite swooped on a Palm Beach site that will bring a further 36 apartments to the in-demand market later this year.
