Latest news with #Graya
7NEWS
6 days ago
- Business
- 7NEWS
GRAYA's Kloud penthouse in Palm Beach sells for record $9.1 million
GRAYA 's Kloud penthouse in Palm Beach has smashed records in a $9.1 million plus unconditional deal after only being on the market for 15 days. This sale has set a new suburb record for unit prices in Palm Beach, the previous one being $8.6 million for 7/15 Jefferson Lane. Director Andrew Gray said the team were "very excited" to announce the premium sale. "It once again shows the depth of market in the luxury space and the high-level of interest interstate buyers still have for quality projects on the Gold Coast," he said. Mr Gray went on to emphasise that the level of interest in the penthouse had been "unprecedented" with three offers above asking price made shortly after launch. The sale was managed by Whitefox Gold Coast's Nic Whitehead, with the successful purchaser an interstate buyer looking to holiday in the Beachside project. Named Kloud, the 272-square-metre penthouse occupies two entire floors of the building with a private rooftop. "This penthouse is one-of-a-kind with the full rooftop allocated to the penthouse," said Mr Gray. "The rooftop includes a pool/spa with uninterrupted ocean views, fully operational bar for entertaining guests and a steam room for rest and recovery." The award-winning developer purchased the original site for around $9 million and have since begun constructing the 23-unit building. A building fit for the stars, tennis champion Ash Barty has reportedly purchased a unit within the project. The building is being designed in-house and currently only three units remain available to purchase. "With construction due for completion in November, and residents moving in prior to Christmas, the remaining residences won't last much longer," said Mr Gray. "Any interested parties should get in contact before they miss out." This news comes after the developer secured a rare Brisbane site on James Street, a vibrant retail and hospitality destination in the heart of Brisbane's Fortitude Valley. Graya beat out both local and overseas buyers in a competitive sale to purchase the 943-square-metre site and current home of Bed Bath & Table. "Sites like this are truly once in a lifetime," said co-director Rob Gray. "It's a rare opportunity to contribute to one of Australia's most iconic lifestyle destinations." Plans for the site have yet to be lodged, however a statement from the team said the project will be a landmark mixed-use precinct featuring a "design-led approach with a strong focus on curating an offering that enhances the precinct's lifestyle appeal and long-term commercial value." In another recent win, the developer was recently crowned Australian Property Developer of the year at the Urban Developer awards in Sydney.
News.com.au
22-07-2025
- Business
- News.com.au
Massive penthouse sale as beachfront tower unveiled
An interstate buyer has splashed $9.1m on a luxury penthouse set to be unveiled within days as the scaffolding comes down on Palm Beach's newest tower. The bumper off-the-plan sale is the biggest deal inked for Graya's beachfront Kloud project, the company's first multiresidential offering on the Gold Coast. Tennis ace Ash Barty is among other buyers in the 23-unit development, with the Wimbledon champion dropping close to $4m on a half-floor apartment. Winner refused to live in 'too perfect' $4m prize home Graya director Rob Gray said just three units were still available within the 41.25m-high tower. 'These have just come to market as the scaffolding starts to come down to reveal the exterior design. 'Construction hit top-out just before the penthouse was launched to the market, leaving just the interior work to be completed,' Mr Gray said. The penthouse was marketed by White Fox agent Nic Whitehead and sold within 15 days, with three offers received. 'Most of our buyers have been Queensland locals, but the penthouse sold to an interstate buyer looking to holiday in beautiful Palm Beach,' Mr Gray said. The 507 sqm penthouse spans two full floors, comprising a luxury living level and rooftop entertaining terrace with spectacular ocean views and resort-style amenities 'We wanted to capture the exclusivity of living sky high without sacrificing the experience of being barefoot on the sand,' said fellow Graya director, Andrew Gray. 'The penthouse achieves this through seamless transition from inside to outside spaces and the feeling of freedom and sophisticated comfort.' The apartment has four bedrooms, a media room, and statement kitchen with an island dining bar with stunning fluted stone accents. The private rooftop hosts a decadent indoor steam room, and a barbecue kitchen overlooking the alfresco terrace with dining area, lounging space, fire pit, spa and a pool with wading ledge. Rob Gray said the residence set a new benchmark for high-end living on the beachfront, where boutique developers were scrambling to meet demand from cashed-up local and interstate apartment buyers. Kloud was expected to be completed in November.
News.com.au
19-06-2025
- Business
- News.com.au
Graya acquires $20m retail site in Brisbane's New Farm
Developer Graya has tightened its grip on Brisbane's trendiest high streets with the latest $20m off-market buy of a hotly contested New Farm retail site. The James Street deal comes hot on the heels of the developer unveiling plans for a mixed-use project on Racecoure Rd, Hamilton. Graya director Rob Gray said the 943 sqm James Street parcel currently housing Bed Bath n Table was the 'last piece of the puzzle' ripe for redevelopment along the evolving lifestyle strip. It is understood several of the city's big players were locked in a shadow bidding war for the prime site, which last sold for $2.6m in 2014 and was owned by a company linked to Gold Coast investor Bradley Johnston. 'Sites like these are truly a once-in-a-lifetime opportunity, and this acquisition is a really big chess move for us and the goal would be to keep will cement Graya's legacy in southeast Queensland,' Mr Gray said. 'Graya plans on delivering a world-class building that will enhance the James Street lifestyle hub with high-end food and beverage along with a luxury retail offering and office space.' The deal was handed by Chesters Real Estate agent Tim Jones, who fielded multiple offers from Australian and international buyers. 'James Street is undoubtedly among the most sought-after real estate in Australia and this benchmark transaction is a testament to how well the area is performing with interest from investors, retailers and high-end developers like Graya,' Mr Jones said. The buy comes as Graya lodged a DA for a planned project in Hamilton. Named The Gallery, the 3,614 sqm site on Racecourse Rd and Balowrie St will comprise 37 units across four storeys, along with eight retail tenancies. The tower, designed by Bureau^Proberts, also includes a rooftop residents' area with a resort-style pool. The development marks Graya's first multi-residential release in Hamilton, following more than a decade delivering some of the suburb's most recognisable homes, including Scorpia, Larc, and the Mediterranean-inspired Casa Espri which recently resold for $12.5 million. Brutal honesty send 46 year family home viral Next-level luxe Brisbane build comes to market 'There's long been a clear demand in Hamilton for a lifestyle precinct that combines luxury apartments with the type of vibrant, boutique retail we've seen delivered in places like James Street,' Mr Gray said. 'The Gallery is our response to that demand. Hamilton has been a major part of our story for more than ten years. 'We know this community, so we're proud to be the ones bringing that vision to life.' While tenants for the ground-floor retail mix were yet to be confirmed, Mr Gray hinted at a boutique grocer and wine bar. The Hamilton submission and New Farm acquisition both fit within Graya's strategy of reshaping inner-Brisbane living through design-led projects which allow residents to shop and socialise locally. The company has a current pipeline close to $1b also including multiresidential projects on the Gold Coast. Pending DA approval, The Gallery is expected to launch to market in early 2026.
Courier-Mail
19-06-2025
- Business
- Courier-Mail
Graya acquires $20m retail site in Brisbane's New Farm
Developer Graya has tightened its grip on Brisbane's trendiest high streets with the latest $20m off-market buy of a hotly contested New Farm retail site. The James Street deal comes hot on the heels of the developer unveiling plans for a mixed-use project on Racecoure Rd, Hamilton. Graya director Rob Gray said the 943 sqm James Street parcel currently housing Bed Bath n Table was the 'last piece of the puzzle' ripe for redevelopment along the evolving lifestyle strip. It is understood several of the city's big players were locked in a shadow bidding war for the prime site, which last sold for $2.6m in 2014 and was owned by a company linked to Gold Coast investor Bradley Johnston. 'Sites like these are truly a once-in-a-lifetime opportunity, and this acquisition is a really big chess move for us and the goal would be to keep will cement Graya's legacy in southeast Queensland,' Mr Gray said. 'Graya plans on delivering a world-class building that will enhance the James Street lifestyle hub with high-end food and beverage along with a luxury retail offering and office space.' The deal was handed by Chesters Real Estate agent Tim Jones, who fielded multiple offers from Australian and international buyers. 'James Street is undoubtedly among the most sought-after real estate in Australia and this benchmark transaction is a testament to how well the area is performing with interest from investors, retailers and high-end developers like Graya,' Mr Jones said. The buy comes as Graya lodged a DA for a planned project in Hamilton. Named The Gallery, the 3,614 sqm site on Racecourse Rd and Balowrie St will comprise 37 units across four storeys, along with eight retail tenancies. The tower, designed by Bureau^Proberts, also includes a rooftop residents' area with a resort-style pool. The development marks Graya's first multi-residential release in Hamilton, following more than a decade delivering some of the suburb's most recognisable homes, including Scorpia, Larc, and the Mediterranean-inspired Casa Espri which recently resold for $12.5 million. MORE NEWS Brutal honesty send 46 year family home viral Glitter Strip's pink palace up for grabs Next-level luxe Brisbane build comes to market 'There's long been a clear demand in Hamilton for a lifestyle precinct that combines luxury apartments with the type of vibrant, boutique retail we've seen delivered in places like James Street,' Mr Gray said. 'The Gallery is our response to that demand. Hamilton has been a major part of our story for more than ten years. 'We know this community, so we're proud to be the ones bringing that vision to life.' While tenants for the ground-floor retail mix were yet to be confirmed, Mr Gray hinted at a boutique grocer and wine bar. The Hamilton submission and New Farm acquisition both fit within Graya's strategy of reshaping inner-Brisbane living through design-led projects which allow residents to shop and socialise locally. The company has a current pipeline close to $1b also including multiresidential projects on the Gold Coast. Pending DA approval, The Gallery is expected to launch to market in early 2026.
News.com.au
12-06-2025
- Business
- News.com.au
One-time open homes for Brisbane's luxury new builds
Anyone wanting to take a peek inside two of Brisbane's most luxurious new builds will have their one chance this Saturday. 'Palma by Graya' in Ascot and 'Mosman' in Bulimba have been listed for sale and each will have just a single, one-hour inspection on Saturday, June 14, after racking up thousands of views online. 'Palma' will be open from 11.15am on Saturday, while 'Mosman' will be open from 1pm. Both properties were designed by architect Tim Stewart with 'Mosman' developed by Michael and Natalie Ajaje of FBI Interiors constructed by McBryde Builders, while 'Palma' was a collaboration between Graya and Purdy Developments. On the market through Heath Williams of Place New Farm, 'Palma' is built into a sloping block and has 694 sqm of living spread across three levels with five bedrooms, a six-car garage, a wine cellar and city views. 'Mosman' is for sale through Sarah Hackett of Place New Farm and has five bedrooms, a wine cellar with custom roulette table, a yoga studio and an eight-car garage with Ferrari mural. Ms Hackett said unusually, the Bulimba home was being sold not only turnkey but also completely furnished. 'Someone is going to save years of their life and most likely money by buying this home,' she said. 'At this price point, the buyers are usually working mums and dads who are time poor. 'Not only has the hard work already been done (at 'Mosman'), but they have ticked every box and got it just right.' Ms Hackett said Saturday's open home was sure to draw interest from anyone wanting to see behind the striking facade of 'Mosman'. 'It's hard to not have a reaction when you go through this home,' she said. 'The ceiling heights are enormous, the staircase was craned in and finished in venetian plaster, the master bedroom is as big as an apartment we're selling in New Farm, and the roulette table in the wine cellar is Casino-grade.' 'Mosman' owner and developer, Michael Ajaje said he and his wife set out to create the ultimate family entertainer with a beach club vibe after several other successful builds. 'We took the best of what we've learnt and seen over the years and put everything into this home,' he said. The couple, who own FBI Interiors, built and decorated the property like it was their forever home. 'We wanted to show the locals, our customers and the people of Brisbane what can be achieved,' Mr Ajaje said 'This is the biggest and best we've done so far.' Mr Ajaje said his favourite part of the home was the open plan kitchen and living space with curved staircase and seven arch windows, while the master suite was also a showstopper. 'The master walk-in is like a high end Prada shop with beautiful glass cabinetry … and the concrete bathtub and curved wall in the ensuite is definitely the star of the bathroom,' he said. 'We used lots of venetian plaster and microcement to create a European style that feels very suited to Queensland.' 'Palma' marketing agent, Mr Williams said this weekend's open home was the first time for him at this price point. 'I sold 'Larc by Graya', which was strictly by appointment for pre-approved buyers as it was a private residence, and we had just four groups through,' he said. '('Palma') is one of those rare opportunities where a brand new build of this calibre has come to the market. 'So, we negotiated one open home and the rest by appointment only.' Mr Williams said an in-person inspection would allow people to appreciate the privacy, position and northerly aspect of the home, as well as the scale and balance of the interiors. 'There has been a lot of intention put into making the floorplan work,' he said. 'The joinery in the kitchen goes up 3m and that void, though it could have been a negative, it is balanced quiet perfectly, and the sculptural staircase isn't overpowering. 'This could be a big family home but also could be a downsizer home.' Craig Purdy of Purdy Developments said Ascot property was a nod to the Mallorca capital of Palma. 'The topography on the island leans toward luxury residences built into the side of the hills, which are also elevated to provide stunning views,' Mr Purdy said. Like the luxury home of Mallorca, 'Palma' was designed to make use of its elevated city position. 'It is always our preference to have basements at street level in order to have the living levels elevated to capture summer breezes and the sun in winter,' Mr Purdy said. Mr Purdy said visitors to the open home should take time to admire the curved staircase and the use of robust materials featured throughout the home. 'The staircase a piece of art in its own right,' he said. 'This is the first time we've done a curved staircase across three levels.' Mr Purdy said the team behind 'Palma' was proud to show the finished product not only to the community, but to the construction industry. 'Often the engineers, the town planners, the certifiers, they work on projects and never get to see them when they're finished, yet they're so intrinsic to building the building,' he said. Mr Purdy said the open home was also an opportunity for the public to find inspiration for their own homes. 'In our early days that's what my wife and I did,' he said. 'We went to see products we aspired to, and worked out how to put that into our residence. 'It might an element in the kitchen or in the butler's pantry or a design element in the ensuite – you can capture those and find a way to build that within your budget.' 'Palma' at 29 Towers St, Ascot, will be open for an hour from 11.15am on Saturday, June 14 'Mosman' at 29 Henderson St, Bulimba, will be open from 1pm on Saturday, June 14.
