ApartmentsTaryn ParisMon 09 Nov 26
Graya Greenlit for $160m Gold Coast Beachfront Apartment Block
South-East Queensland builder-developer Graya has won approval for its $160-million Coral project at Palm Beach.
The nine-storey apartment block will rise on an amalgamated 1225sq m site at 37-41 Jefferson Lane, with 36m of beach frontage.
Graya expanded the plans after initially putting its foot on the first two sites for $23.5 million in March of this year, and later acquiring a neighbouring site for $12 million.
Koichi Takada Architects revised its design for the expanded site and the developer re-filed the application five weeks later.
Graya co-founder Rob Gray said rather than adding further apartments, the redesign provided wider frontage for each apartment.
“Sites like this are almost impossible to replicate,” Gray said.
“To have 36m of absolute ocean frontage, where you can walk straight from your home onto the sand, is an extraordinary opportunity.
“We’re aiming to deliver some of Queensland’s finest beachfront apartments.”
The apartments are predominantly a four-bedroom typology with wide ocean-facing living areas.
The approved design includes two beachfront homes with private pools and yards opening towards the sand, and a full-floor penthouse.
All residents have access to the rooftop recreation area, which includes a pool, spa, gym, sauna, cold plunge and outdoor dining facilities.
Koichi Takada, founder of Koichi Takada Architects, said the expanded site had strengthened the building’s connection with the coastline.
“Designing across both sites lets Coral hold more of the coastline,” Takada said.
“The building can sit more generously on the sand, and every residence opens further to the Pacific. The intent is for it to feel like it belongs here, shaped by the ocean it faces and earning its place on the shoreline.”
Construction is under way and completion is slated for December, 2028.
