Render v reality: Palm Beach tower’s big reveal

Kloud by Graya at Palm Beach

Celebrity developer Graya has hinted at future local projects in the pipeline, as construction wraps on the company’s first Gold Coast high-rise project.

Scaffolding is down on Kloud at Palm Beach, revealing the 41.25m tower’s striking form along one of southern Queensland’s most coveted stretches of coastline.

The luxury Jefferson Lane project marked a new direction for Graya, known for building showstopping Brisbane homes for high-profile clients, including rugby league great Darius Boyd and his wife Kayla, rapper Example and his wife, model Erin McNaught, basketballer Aron Baynes, and rugby players, Quade Cooper and Israel Folau.

The tower is the company’s first Gold Coast high-rise

The luxury project was delivered ahead of schedule and on budget, Graya says

Rob Gray, who heads the company with brother Andrew, said Kloud was delivered “ahead of schedule and on budget”, with owners – most cashed-up Brisbane buyers snapping up swish holiday pads – to be in by December.

“I’ve enjoyed it so much that I want to continue to do more and more projects along Palm Beach and all the southern Gold Coast for the next few decades. I want this to be the first of many,” Mr Gray said.

“I holiday on Palm Beach a lot, and it is really fulfilling seeing this building emerge and stand out from the crowd.”

A sprawling penthouse with rooftop entertaining level crowns the building

Those views though…

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The 23-unit tower takes design influence from the coastal landscape through curved forms and a restrained colour palette, with amenities including a pool, wet deck, day beds, and a poolside social space amid layered landscaping.

Its original 29m design was expanded to add a double-storey penthouse and full-floor sub-penthouse. Buyers of the other apartments include tennis ace Ash Barty, who dropped close to $4m on a half-floor apartment.

“We decided we really wanted to have a full-floor offering to have a point of difference in the building, and then the penthouse to crown it with a stunning signature Graya apartment,” Mr Gray said.

A team of 35 contractors worked on the project

“The other buyers were all for it too, to have that extra value in the project.”

The 507 sqm penthouse comprises four bedrooms, a media room and statement kitchen, along with a rooftop entertaining terrace with spectacular ocean views.

It sold to a Sydney buyer for $9.1m, while the sub-penthouse priced at $7.6m was one of just two units still available.

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