- Will be located on the 1,924sqm site at 44-50 Eden Avenue In the Point Danger precinct
- Will consist of 86 apartments over 12 levels
- Developer Chapter Two already has over $300m in its pipeline despite being a year old
Amid the surging demand for Queensland property, especially premium residences along the southern Gold Coast, plans have now been approved for a new $110 million development at Coolangatta’s Rainbow Bay.
Chapter Two, a development group led by Oliver Bagheri and Jon Quayle, has received council approval form the City of Gold Coast to deliver ‘Holm’, to be located on the 1,924sqm site at 44-50 Eden Avenue In the Point Danger precinct, overlooking Snapper Rocks.
The development will consist of 86 apartments over 12 levels, with most offering views of the ocean, river and Gold Coast hinterland.
The price of the luxury apartments will start In the $800,000. Configurations vary from two bedrooms and three-bedrooms with options of an additional multi-purpose room.
This will also include two unique townhouses and courtyard unit on the ground floor.
Chapter Two will be delivering the project in partnership with Summa Group, with Holm being their third joint-venture on the Gold Coast following Callista Palm Beach and the Eden Collection in Tugan.
“In all our developments, we love to showcase built form inspired by the natural beauty that surrounds it. Holm’s flowing curves, lush greenery, natural elements and light filled spaces are timelessly Rainbow Bay,” said Jon Quayle, Director of Chapter Two.
“Rainbow Bay is recognised as one of Australia’s premier beach destinations, north facing like Noosa and Byron Bay but more accessible and attainable, with stunning lifestyle amenity, natural beauty and some of the coast’s best dining and entertainment.”
Plus Architecture has designed the building and will be responsible for the interiors in collaboration with Form Landscape Architects.
“The apartments have been designed to appeal to owner occupiers, including downsizers who are looking for a lock up and leave lifestyle,” said Danny Juric, Director of Plus Architecture.
“With superb views across the ocean and west to the hinterland, Holm has been designed to capture the essence of the Coolangatta lifestyle.
Gold Coast Demand strongest ever
The announcement comes as demand for apartments on the southern Gold Coast has never been stronger. The latest Urbis Apartment Essential report revealed that the Southern Beaches market – which includes Coolangatta – remains undersupplied.
Chapter Two, which was formed just over a year ago, has already secured a pipeline of 13 residential projects across both Brisbane and the Gold Coast, totalling around $300 million in gross value.
CBRE Gold Coast has been appointed to handle the sales and marketing of Holm as it prepares to launch in the next few months.