Adsett Breaks Ground on Moffat Beach’s Lagune

Brisbane-based architect-developer Joe Adsett has broken ground on his latest venture, Lagune on the Sunshine Coast.

Luxury builder Archend put shovel to dirt this week on the five-storey, five full-floor apartment project at Moffat Beach.

The apartment project on the headlands of Moffat Beach will comprise two pools, direct lift access, wraparound balconies and expansive ocean views from Moffat Beach to Point Cartwright in what will be some of the biggest apartments under construction on the coast.

“Lagune Moffat Beach showcases a huge milestone for the Joe Adsett team, as we continue to design and deliver house-sized sky homes to north-facing beachfront living,” Adsett said.

“The sweeping wave-form arcs of the facade embrace the residences, boldly framing the views of the coastline and tastefully linking the building to its natural surroundings.”

Paying homage to the location, the design features wave-inspired curves in the facade and throughout the interior.

Each apartment in the Queen of Colonies Parade project will include four bedrooms, three bathrooms, two car spaces and range in size from 294 square metres.

Three of the five apartments have already been sold off the plan.

“The uniqueness of the location is all to do with the natural beauty that’s afforded by a north-facing beach where you get these rocky outcrops, beautiful headlands and great surfing breaks,” Adsett says.

House prices at Moffatt Beach have soared 45.7 per cent, while the median apartment price had leapt 36 per cent in the 12 months to the end of 2022.

Lagune has secured funding through GPS Development Finance and prices start at $5.1 million.

Adsett also broke ground on Rockpool Rainbow Bay on the Gold Coast this year.

The $100-million 13-floor oceanfront development would feature 21 homes with ocean views at 154-156 Marine Parade, near Snapper Rocks beaches, the project team said.

Tomkins Commercial is the builder and the completion date is yet to be confirmed.

The tower’s three full-floor penthouses feature five bedrooms and 5 bathrooms over 520 square metres.

Article source: Queensland Property Investor