A developer will test the Gold Coast market’s appetite for a new style of townhouse living close to the beach, with plans to roll the product out across other beachside locales.
Burgeoning Gold Coast developer Luke Vaughan has teamed with Australian construction executive Geoff Pontefract, who has more than 30 years' experience in highrise development, and Sri Lankan investor Buddika Kulasekara to develop seven four-storey townhouses on a Palm Beach site.
The trio has lodged plans for the development, to be called Jasmine on 24th, with the Gold Coast City Council. It is on just 810sq m across 9 and 11 Twenty Fourth Avenue at Palm Beach, through a put and call option.
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