Paul Gedoun picks up another Rainbow Bay site
S&S Projects has swooped on three neighbouring Coolangatta properties with plans for its biggest apartment complex.
The local group, founded by Paul Gedoun, paid $20.25 million for the 1518 square metre amalgamation covering 209-213 Boundary Street, Rainbow Bay.
It is the developer’s fifth acquisition in the suburb since 2022.
It will accommodate the group’s largest project, with 88 apartments, a rooftop garden and wellness centre with a resort-style pool.
Fifth Rainbow Bay site
The Boundary St site neighbours S&S Projects’ Esprit development which rises 12 floors.
“The [proposed] luxury residential development will build on the company’s highly successful projects at Rainbow Bay comprising Flow, Awaken, Esprit and Radia, with Radia currently under construction by Hutchinson Builders,” Mr Gedoun said.
“We have been unflinching in our commitment to Rainbow Bay and the transformation we have helped drive in this incredible part of the Gold Coast, which is among the city’s most desirable residential locations,” he added (continues below).
“Our fifth project will reflect the best of what we have done so far to create a lifestyle precinct that is second to none,” according to the executive.
“Rainbow Bay, with its beautiful, protected beach and alongside one of the world’s best surf breaks at Snapper Rocks, is the natural wellness heartland of the Gold Coast.
“We are taking every advantage to create a truly unique rooftop wellness experience with a natural feel for residents, offering stone features throughout and an underlying theme that emulates a botanical garden.
Radia, with 38 apartments, carrying an end value of $215m, is due for completion next year.
Coolangatta is about 30 kilometres south of Surfers Paradise.
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