$76 million Pama Casuarina Beach gets green light amid tight supply in popular coastal precinct

Experienced Brisbane developers DeMartini Fletcher and Holm Developments have received the green light to proceed with a luxury $76 million apartment development at Casuarina Beach, tapping into an acute shortage of residences in the exclusive coastal precinct.

The partners have gained development approval for Pama Casuarina which will deliver 47 apartments over four levels in a design that captures the essence of the laid-back coastal lifestyle that has made Casuarina Beach so popular.

The development, located at 5 Grand Parade just a short walk to the beach and local cafes, will comprise a collection of two, three and four-bedroom apartments within one of the most sought-after coastal villages on the Tweed Coast.

Designed by acclaimed architect and Casuarina local Danny Juric, of Plus Architecture, the residences have been crafted to offer spacious interiors that capture a variety of coastal aspects. The three and four-bedroom designs and some of the two-bedroom residences boast a multi-purpose room to create extended living areas.

Open-plan designs and large wrap-around balconies in corner apartments take advantage of coastal views while embracing alfresco living areas.

Locals have been quick to secure apartments at Pama, accounting for over 70% of sales to date following a low-key local marketing campaign undertaken by the developers.

“We’re pleased to have received such a strong response from the local market,” said DeMartini Fletcher’s managing director John DeMartini.

“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.”

Pama has been designed for the owner-occupier market, enhanced by a range of exclusive resident amenities including a resort-style pool with a wet deck and relaxing cabana area, barbeques with a kitchen and bar area, outdoor showers and exclusive use of vintage bicycles.

“Pama will allow residents to take full advantage of its prime location at Casuarina Beach surrounded by so much natural beauty,” said Godfrey Esmonde, director of Holm Developments.

“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.”

DeMartini Fletcher and Holm Developments have separately completed a significant portfolio of premium residential developments located on prime sites between the Tweed and Sunshine coasts.

“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 design focuses on large open plan living areas appointed with exceptional quality. The few residents of this landmark building will thoroughly enjoy the space and amenity on offer for years to come. With council now providing the green light to proceed with the development, we expect another surge of demand to come through for this unique offering.

“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.”

Apartments are priced from $995,000 for the 120sqm two-bedroom apartments, from $1.575 million for the 162sqm three-bedroom apartments and $2.475 million for the 294sqm four-bedroom apartments.

Construction is expected to commence in the fourth quarter of this year.

For more sales information visit pamacasuarina.com.au.