The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Interested in a Corporate TUD+ Membership? Access premium content, site tours, event discounts and networking opportunities
Interested in a Corporate Membership? Access exclusive member benefits today
Enquire NowEnquire
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
DevelopmentPhil BartschWed 22 May 24

Developers Swoop in Exclusive Gold Coast Beachfront Strip

Palm Beach Jefferson Lane $20m Site Deals hero

Queensland-based 5Point Projects has put its foot on another beachfront site as locally based developers keep the home fires burning in the Gold Coast’s development hotspots.

It has paid $15.6 million for a double block along the exclusive dunal strip of Jefferson Lane strip at Palm Beach.

With plans to undertake a luxury apartment development, the acquisiton is the latest addition to the company’s pipeline on the Gold Coast, where it has built several projects over the past decade.

The beachfront holding spans 824sq m at 171 and 173 Jefferson Lane with a 20m frontage to the sand and surf.

It is also just up the lane from 5Point’s under-construction $60-million Ophira medium-rise tower, where apartments have been selling for an average of $7 million.

The builder-developer is still working up plans for the new site but confirmed a boutique luxury apartment project was in the mix.

“We’re working with our architects and planners ... and we hope to release the details soon,” 5Point managing director Damian Dove said.

“We expect to launch the new project later in the year.”

Only two apartments remain in Ophira, which comprises seven full-floor apartments and a two-level penthouse.

Basement works have been completed on the project at 105-107 Jefferson Lane, near the Palm Beach Surf Life Saving Club.

Gold Coast development hotspot Jefferson Lane at Palm Beach.
▲ Gold Coast development hotspot Jefferson Lane at Palm Beach.

Meanwhile, another Glitter Strip developer has pounced in what is often dubbed the southern Gold Coast’s millionaires row.

Ignite Projects has secured 1177 Gold Coast Highway (186 Jefferson Lane) from Sydney-based Daascon in a deal worth about $7 million negotiated by GV Property Group.

It has amalgamated the parcel with two blocks to the north and is planning a code assessable nine-storey project, rather than the 14-floor tower that Daascon had proposed. 

The purchase is the third acquisition at Palm Beach by Ignite Projects, which is also behind the Cabana project on nearby Nineteenth Avenue.

“No two projects are the same ... but there will be similarities to Cabana,” Ignite managing director Josh Foote said.

ResidentialGold CoastAustraliaDevelopmentPlanningOther
AUTHOR
Phil Bartsch
The Urban Developer - Writer
More articles by this author
ADVERTISEMENT
TOP STORIES
Anthony and Paul Mancini HERO TEMP
Exclusive

Adapt or Die: How Mancini Pulled Back from the Brink

Leon Della Bosca
8 Min
Elanor Investors Tweed Mall masterplan
Exclusive

Tweed Marks Time as $900m Mall Redevelopment Goes Quiet

Renee McKeown
6 Min
High-density residential construction in Melbourne
Exclusive

Stabilising Conditions in Melbourne Bring Hopes of Improved Feasibility

Leon Della Bosca
6 Min
QBCC project trust accounts hero
Exclusive

Developers Warned as Commission Cracks Down on Subbie Pay Scheme

Clare Burnett
7 Min
Urban Infill site at Tonsley SA
Exclusive

SA Grapples with ‘Development Killer’ Carparking Law Changes

Leon Della Bosca
7 Min
View All >
Coliving Chippendale EDM
Residential

Plans for $31m Co-Living PBSA in Sydney CBD Revealed

Clare Burnett
Anthony and Paul Mancini HERO TEMP
Exclusive

Adapt or Die: How Mancini Pulled Back from the Brink

Leon Della Bosca
Balmain Leagues Club EDM
Residential

Perifa’s Ex-Balmain Leagues Plan Clears Final Hurdle

Clare Burnett
The site that will be Rozelle Village had been in limbo after the club shut and its former owners became locked in a leg…
LATEST
Coliving Chippendale EDM
Residential

Plans for $31m Co-Living PBSA in Sydney CBD Revealed

Clare Burnett
3 Min
Anthony and Paul Mancini HERO TEMP
Exclusive

Adapt or Die: How Mancini Pulled Back from the Brink

Leon Della Bosca
8 Min
Balmain Leagues Club EDM
Residential

Perifa’s Ex-Balmain Leagues Plan Clears Final Hurdle

Clare Burnett
3 Min
GPT/QuadReal First Partnership EDM
Industrial

GPT, QuadReal’s $1bn Deal Joins Rush for Aussie Logistics

Clare Burnett
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/gold-coast-development-jefferson-lane-palm-beach