Town planner Urbis said that St Isla will provide a suitable point-of-different to boutique large three and four-bedroom apartment products that are being lodged in recent months
Palm Beach, one of the Gold Coast’s hottest apartment markets, is set for a new unique project just off the beach.
S&S Projects, led by the surfer developer Paul Gedoun, is expanding out of Rainbow Bay, where it’s had back to back successes with its three latest apartment developments.
They’ve just submitted plans for an $88 million mixed-use development at 1128 Gold Coast Highway, a mix of 150 hotel rooms underneath 40 two and three-bedroom apartments. It will replace the popular dining venue, The Collective.
Dubbed St Isla, the project has been designed by S&S’s go-to architecture firm, Cottee Parker, who designed Awaken, Esprit and Flow, in Rainbow Bay. Awaken and Flow are both sold out, with Esprit soon to follow suit.
St Isla will rise 23 levels one row back from the beach and will have 10 two-bedroom apartments and 30 three-bedroom apartments which start from level 12 upwards.
The two-bedroom apartments start from 94 sqm internal with a 14 sqm balcony. The three-bedders have internal living areas from 147 sqm, with a 33 sqm balcony.
There are two amenity levels on the first and second floor. Level one will home a function room with a kitchen and a bar, a full day spa and a gym.
Up a level will be the pool, with an adjoining cafe and beach bar. The ground level will also turn in to a precinct itself, with a cafe and dining tenancy space.
The full St Isla tower with entry renders. Image credit: Cottee Parker
Town planner Urbis said that St Isla will provide a suitable point-of-different to boutique large three and four-bedroom apartment products that are being lodged in recent months.
“With varied sizes and density, these units will vary in price with an intent to attract owner occupiers, first home buyers and down-sizers,” Urbis added.
They put together an economics benefit package, showing how much St Isla would have a positive impact on both the employment and value added to the wider economy.
“Construction associated with the proposed development is expected to add a total of $64.2 million to the economy and support 240 full-time equivalent (FTE) jobs per annum during the construction period,” Urbis predict.
The hotel is expected to bring over 76,000 visitors to Palm Beach.
Construction is expecting to take around two years, and start, pending planning approval, in Q4 2022.
Article Source: www.urban.com.au
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