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
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
Exclusive

Brains, Guts and Determination: How Salvo Property Shapes Melbourne’s Skyline

Marisa Wikramanayake
5 Min
Fraser and Partners founder Callum Fraser
Exclusive

Saving Our CBDs: Architect’s Blueprint Paves Way for Office-to-Resi that Works

Leon Della Bosca
8 Min
Exclusive

Watchdog’s Court Loss Throws Spotlight on Union Balancing Act

Clare Burnett
6 Min
Time and Place's The Queensbridge Building at 90 Queens Bridge Street in Melbourne's Southbank.
Exclusive

Innovation Keeps Time & Place’s Southbank Skyscraper Rising

Marisa Wikramanayake
6 Min
Breathe Architecture founder Jeremy McLeod in front of his Featherweight Home design
Exclusive

Nightingale Founder’s Bid for Affordable Architectural Kit Homes

Leon Della Bosca
7 Min
View All >
Novus on Victoria Chatswood
Build-to-Rent

Novus Plots Second BtR Tower for Chatswood

Renee McKeown
PBSA DA Hindmarsh Square student accomodation tower
Student Housing

Student-Friendly Adelaide Draws 35-Storey PBSA Proposal

Renee McKeown
Exclusive

Brains, Guts and Determination: How Salvo Property Shapes Melbourne’s Skyline

Marisa Wikramanayake
Data, 3D tech and careful research are vital, but count for little without the courage to back it up, says James Maitlan…
LATEST
Novus on Victoria Chatswood
Build-to-Rent

Novus Plots Second BtR Tower for Chatswood

Renee McKeown
2 Min
PBSA DA Hindmarsh Square student accomodation tower
Student Housing

Student-Friendly Adelaide Draws 35-Storey PBSA Proposal

Renee McKeown
3 Min
Exclusive

Brains, Guts and Determination: How Salvo Property Shapes Melbourne’s Skyline

Marisa Wikramanayake
5 Min
Westmead Gene Technologies Building EDM
Life Sciences

Plans for $272m Parramatta Biomedical Facility Go Public

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