Joe Adsett's Rockpool Rainbow Bay apartments get green light after "unbelievable" buyer interest

The council signed off on the 20 apartment project at 154-156 Marine Parade, a sought-after strip fronting Kirra Beach

Joe Adsett's Rockpool Rainbow Bay apartments get green light after
Joe Adsett's Rockpool Rainbow Bay apartments get green light after "unbelievable" buyer interest

The luxury Rainbow Bay, Coolangatta apartment development Rockpool, developed and designed by the architect-turned-developer Joe Adsett, has got the go-ahead from the Gold Coast City Council.

The council signed off on the 20 apartment project at 154-156 Marine Parade, a sought-after strip fronting Kirra Beach.

Adsett has gone back to the council to try and increase the building height by another two levels, which would see another two apartments added.

"The proposed development delivers a quality architectural design to deliver a built form that contributes to both the existing and intended character of the area," the council assessment read.

It was a three-month turnaround from development application lodgement to approval for the highly anticipated project, developed and designed by Adsett, an award-winning Queensland architect.

Adsett secured the prime site late last year from Sunland, who had demolished the two smaller apartment developments on the 1,194 sqm block.

They were planning on constructing four separate towers on the site, which also included the adjoining Greenmount Resort site which Sunland owned. The plans were for 247 apartments across four buildings ranging in height from 15 to 17 storeys.

Adsett's tower is considerably more modest, spanning potentially 14-levels and 45 metres high, if the Gold Coast Council sign-off on the revision.

There will be 18 three bedroom apartments, just two per floor.

The approval included a two-level, four bedroom penthouse which was spread between levels 11 and 12. The change seeks to provide a five-bedroom unit on each of Level 11 and 12 and introduce a smaller, four-bedroom unit on Level 13.

Todd Matheson from KMSM is heading up the sales for Rockpool.

"The response has been unbelievable", Matheson says, having been inundated with enquiry solely from running a teaser campaign.

The residential-only building has prices starting from around $2.85 million.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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