Business New Australia: Architect-developer Adsett starts work on luxury $100m Rockpool project at Coolangatta

Brisbane Based firm Joe Adsett Architects has started construction of its largest project, the 100 million Rockpool Rainbow Bay, it’s first development for the Gold Coast and its biggest project yet.

The architectural firm-cum-developer, which has previously undertaken small-scale projects in its home market of Brisbane, has appointed Tomkins Commercial to deliver the Coolangatta development.

Rockpool, which offers commanding views of the beachfront and the famed surf break of Snapper Rocks, will comprise 21 ‘sky homes’ with the $100 million end value of the project implying an average price of just over $4.7 million per apartment.

Joe Adsett Architects founder Joe Adsett says the start of construction will be followed by the release of the project’s three full-floor penthouses, which he says will be the first of its kind in the area.

The luxury development will largely comprise half-floor three-bedroom apartments from 245sqm, complemented by the three full-floor five-bedroom penthouses of 512sqm. The prices for the full-floor apartments also remain under wraps for now.

Joe Adsett Architects says it has secured contracts for 80 per cent of the project.

Read the whole article here