The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FIRST RELEASE TICKETS ON SALE FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FIRST TICKETS ON SALE FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
SEE DETAILSDETAILS
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
PlanningRenee McKeownTue 25 Jun 24

Palm Beach Runs Hot as 5Point Files Plans

The developer 5Point moved quickly to secure and plan the Palm Shores project on 20 metres of absolute beach frontage.

Queensland-based 5Point Projects has revealed plans for a nine-storey apartment building with rooftop terraces and several pools for a beachfront site on the southern Gold Coast. 

The developer picked up the site in May, paying $15.6 million for the 824sq m double block at 171-173 Jefferson Lane, Palm Beach.

Plus Architecture designed the building with three levels of basement parking and 16 apartments with three to four bedrooms in each.

The communal open spaces designed by Zone Landscape Architects include four pools on the ground floor including a small cold plunge.

There are also two rooftop terraces for the penthouses, each with a pool, dining space and lounge area.

The previous owner had won approval in 2023 at 171 Jefferson Lane to convert the six-bedroom home into temporary accommodation, retaining the existing structure.

a nine storey apartment building on the beach and Jefferson Lane at Palm Beach with a gold finish and umbrellas outside.
▲ The developer moved quickly to secure the site in May and plan the Palm Shores project that holds 20m of absolute beach frontage at Jefferson Lane.

The Zone Planning Group report said the 5Point development would help the region meet new housing targets.

“ShapingSEQ 2023 has not expanded Gold Coast’s urban footprint for new detached housing stock,” the report said.

“Rather, it is expected that 62 per cent of the Gold Coast’s new dwelling growth is required to be supplied as high-rise product, nine storeys and above. 

“This equates to 100,274 of all new dwellings in the City by 2046.”

5Point has another project, Ophira, at 105-107 Jefferson Lane, near the Palm Beach Surf Life Saving Club.

Perspective 488 Palm Beach is another projects on the books for 5Point, this one in partnership with Sherpa Property Group. 

ResidentialGold CoastDevelopmentPlanningProject
AUTHOR
Renee McKeown
More articles by this author
ADVERTISEMENT
TOP STORIES
Bankstown cbd in Sydney NSW EDM
Exclusive

Breaking Delivery Crisis Chokehold on NSW’s Biggest Housing Market

Vanessa Croll
7 Min
Healthscope Hospital EDM
Exclusive

‘Once-in-a-Decade’ Opportunities Rise in Wake of Healthscope Collapse

Clare Burnett
7 Min
Exclusive

Parking Upsize Threatens Fatal Blow to Project Feasibility

Phil Bartsch
6 Min
One New Zealand Stadium BESIX Watpac
Exclusive

Rising to a Challenge: How BESIX Watpac Topped Australia’s Builders

Clare Burnett
7 Min
Exclusive

Rewards Outstrip Risk in SE Queensland Off-The-Plan Buys

Taryn Paris
7 Min
View All >
Aerial photo of St Mary's Intermodal Terminal in Western Sydney now sold by Pacific National to PGIM and Cadence.
Industrial

Cadence, PGIM Team Up for $145m Freight Rail Acquisition

Marisa Wikramanayake
Bankstown cbd in Sydney NSW EDM
Exclusive

Breaking Delivery Crisis Chokehold on NSW’s Biggest Housing Market

Vanessa Croll
Sponsored

Fast Funds, Real Help—Woodbridge Capital Delivers Both

Partner Content
Developers don’t just need funds—they need help. Here’s the lender who’s been quietly delivering both for years…
LATEST
Aerial photo of St Mary's Intermodal Terminal in Western Sydney now sold by Pacific National to PGIM and Cadence.
Industrial

Cadence, PGIM Team Up for $145m Freight Rail Acquisition

Marisa Wikramanayake
2 Min
Bankstown cbd in Sydney NSW EDM
Exclusive

Breaking Delivery Crisis Chokehold on NSW’s Biggest Housing Market

Vanessa Croll
7 Min
Finance

Fast Funds, Real Help—Woodbridge Capital Delivers Both

Partner Content
5 Min
Development

Melbourne Luna Park Revival Wins State Backing

Marisa Wikramanayake
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/5point-palm-beach-plans-jefferson-lane