This article is from the Australian Property Journal archive
BRISBANE-based DeMartini Fletcher and Holm Developments have been given the go ahead on their proposed $76 million luxury apartment project at Casuarina Beach in Northern NSW.
Pama Casuarina will see 47 apartments built across four levels at the 5 Grand Parade development site, located around 17km south of Coolangatta and within walking distance to cafes and the local beach.
“Pama Casuarina has been very well received by the market, as the development taps into what makes Casuarina such a special place,” said Nick Clydsdale, senior director of CBRE Residential Projects.
The development is being marketed towards the owner occupier market, with locals have so far expressing the greatest level of interest, currently representing more than 70% of sales at the development.
“We’re pleased to have received such a strong response from the local market. With supply of new apartments at record lows, Pama is set to deliver a welcome supply of new apartments to meet continued demand for quality residences in the area,” said John DeMartini, managing director at DeMartini Fletcher.
“Pama comes to the market at a critical time for Casuarina with a record low residential supply continuing to drive interest in this sought-after lifestyle region. Local buyers have recognised the value proposition quite early, and we’re now looking forward to bringing this exceptional project to the broader market,” said Clydsdale.
Designed by local Casuarina architect, Danny Juric, from Plus Architecture, Pama will offer potential buyers two-, three- and four bedroom formats, with some of the two-bedroom residences also featuring a multi-purpose room.
While amenities are set to include a resort-style pool with a wet deck and cabana area, BBQs with a kitchen and bar area, outdoor showers and resident exclusive use of vintage bicycles.
“Community is at the heart of Pama, where residents can enjoy long walks on the beach, a short stroll to the local cafés and shops or a bike ride through the Casuarina Beach village. While we have designed a collection of supremely private residences, Pama also embraces a connection to community and a sense of belonging that Casuarina locals appreciate,” said Godfrey Esmonde, director at Holm Developments.
With construction at Pama Casuarina set to commence in the fourth quarter, apartments at start at $995,000 for a 120sqm two-bedroom apartment, $1.57 million for 162sqm three-bedrooms and $2.475 million for 294sqm four-bedrooms.
