Lacey Group has been given the green light to develop a boutique beachside block of luxury apartments on one of Palm Beach’s most recognised strips, Jefferson Lane.
The 1,658 square metre site fronts the Gold Coast Highway and Jefferson Lane, and is located metres from the sand between Fourth Avenue and Palm Beach Avenue, opposite Coles supermarket, at the heart of Palm Beach’s revitalised restaurant and retail village.
Lacey Group has received development approval for an eight-level residential building comprising 46 x 1, 2 and 3-bedroom Palm Beach apartments for sale, many of which will enjoy panoramic ocean views.
Lacey Group director Adam Lacey, who acquired the land in November 2016, said plans were being finalised for the Palm Beach project, which is expected to launch with units for sale later this year. Mr Lacey said Palm Beach had been one of the Gold Coast’s most active property sales areas over the last two years, with infrastructure and a rapidly expanding dining scene planned for the near future.
“Palm Beach is transforming from a sleepy southern suburb to one of the Gold Coast’s most in demand post codes, with the rejuvenation set to continue as the light rail project extends south over the coming years,” Adam Lacey said.
“The beachside suburb enjoys an enviable location that puts it within easy reach of the M1 and inside the catchment areas of some of the Coast’s most highly-regarded schools including Palm Beach-Currumbin.
“The recent opening of a string of new restaurants and cafes is putting Palmy on the map as a dining destination, but there is still a long way to go in terms of growth and buyers are keen to get in early to benefit from the area’s future transformation.”
The new Palm Beach project aligns perfectly with Lacey Group’s focus on delivering quality homes in strategic growth and lifestyle precincts.
He said the new project, designed by BDA Architecture, would offer buyers the chance to secure a beachside apartment for sale in Palm Beach with an enviable address that stands apart from those currently available.
“Jefferson Lane is the Hedges Avenue of the southern Gold Coast,” he said.
“With this premier address in mind, the apartments will represent great value while delivering a high quality, contemporary design that combines liveability with touches of luxury.
“The project will appeal to a range of buyers, including locals wanting to live closer to the beach, Brisbane and interstate investors, and young professionals looking to take advantage of the lifestyle on offer in Palm Beach.”
For more information on this development, please go to http://www.thejefferson.com.au/