Development application received for luxury $70 million beachfront project

One of Australia’s premium beachfront residential projects has been given the green light by the Gold Coast City Council as the developer reveals a near sell-out of more than $70 million in sales.

In a stunning result which is indicative of the insatiable demand for resident-only luxury apartments on the Gold Coast, only one apartment remains for sale in Brisbane developer Paul Gedoun’s luxury Flow Residences overlooking the famed Snapper Rocks surf break at Rainbow Bay.

The Gold Coast Council today confirmed development approval had been given for Flow, paving the way for a commencement of construction on what will become one of the iconic projects of the southern Gold Coast.

Flow has been the poster child of the incredible strength of the end-user market driving the southeast Queensland property market during Covid, with the near sell-out achieved in only two months since its launch in late June.

“It’s been absolutely incredible,” said Jayde Pezet, sales and marketing director of KM Sales and Marketing, who has been marketing the project for Mr Gedoun’s S and S Projects.

“To be only one apartment short of a sell-out in two months during this pandemic just underpins the desire by people to transform the way they live and where they want to live.

“Buyers are mixed and varied – some from interstate and some local and from many walks of life.

“But the common dominator is that all our buyers are aligned in their interests – they all want a healthy, laid-back beach and surfing lifestyle with like-minded people who can enjoy the amazing facilities that Flow offers.”

Mr Pezet said the sales campaign had been the strongest he had been involved in in more than a decade on the Gold Coast.

Mr Gedoun, a Brisbane-based developer who is also linked to seasoned development company Pointcorp, said he was delighted with the result of his debut project under the S and S Projects brand.

“Our team has worked very hard to create a project that is consistent with the laidback beach culture of the southern Gold Coast but which addresses the desires of our community of buyers in terms what they want in communal and live-in facilities,” said Mr Gedoun.

“The Gold Coast Council has recognised the signifance of Flow for the southern end and we are delighted to have been given approval for what was a code assessible application,” said Mr Gedoun.

Positioned on an elevated north-facing site, 1 Petrie Street, and overlooking Coolangatta’s Rainbow Bay, the boutique project will deliver 22 premium residences exclusively for owner occupiers.

Award-winning architect Cottee Parker, the designer of the Queen’s Wharf residential-resort in Brisbane, has designed Flow Residences for buyers and their families to enjoy a carefree beachside lifestyle, one that southern Gold Coast locals have always known, but in an uber-luxury setting.

Flow combines spacious and luxe living areas with high ceilings and full-height windows to facilitate a seamless extension of interior spaces to the expansive alfresco balconies.

The exterior design features uncluttered lines and curved corners to take advantage of the prime corner location of Petrie Street and Marine Parade. The site directly overlooks Greenmount Beach and Rainbow Bay and each apartment offers spectacular ocean views of the pointbreak and the Gold Coast.

The project is defined as a stunning collection of beachfront apartments that blend the simplicity once found in a traditional coastal shack with luxurious apartments, superior finishes and a unique approach to resident amenities.

Broad features include dedicated surfboard lockers to exclusive wine lockers and expansive communcal facilities.

Beachside living at Flow Residences begins at ground-level, the entirety of which is devoted to superior resident amenities, as a dedicated residents’ beach club, which is unique to the local market.

The beach club will have a recreation deck, private dining and function spaces and a full gym for residents and their guests to enjoy. Residents will also enjoy the heated pool, steam room, entertainment centre, and multiple dining and break out spaces.

Above this will be 12 levels of exceptionally private living, all within a short stroll to one of the Gold Coast’s most picturesque family-friendly beaches, the open spaces of Apex Park and within easy reach of the dining and shopping precinct of Coolangatta.

Three levels of basement parking will provide at least two car parks for each apartment.

The remaining apartment, which has only just come back to the market, is an exclusive half floor Oceanic Residence valued at $3.2 million.

An on-site display is open by appointment for a limited time.

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