Media Mogul Ryan Stokes Lodges Plans for Luxury Apartment Complex in Palm Beach

Investment and media mogul Ryan Stokes has lodged plans with the Gold Coast council for a luxury apartment development on prime waterfront land in Palm Beach.

The nine-story apartment building will sit on the 814 sqm site at 39-41 Jefferson Lane with plans lodged by Modulus Architecture.

Stokes, CEO of Seven Group Holdings and son of billionaire Kerry Stokes, spent $4.62 million on 39 Jefferson Lane this year, having splashed $3.375 million on the property next door, 41, in 2016.

The ‘Akuna’ apartments will feature nine three-bedroom units and four four-bedroom apartments with 33 car parking spaces in the two-level basement.

Thirteen luxury apartments will be orientated toward the vistas of Surfers Paradise, Coolangatta and the Gold Coast Hinterland in designs that have been made with Queensland’s sub-tropical climate in mind, according to the design report.

The plans call for residents to have access to on-site recreation amenities such as a swimming pool, gym, and outdoor BBQ zone, as well as direct ground-plane access to the beach.

A secure lobby area will provide a central point for the collection of mail and meeting of guests, with communal facilities on the ground level.

“Externally, Akuna is articulated with a series of balconies and façade breaks to develop an architectural language that speaks to the origin of the development’s name; Akuna meaning flowing water,” the design report said.

“Linear elements roll and curl along the facade, in the same way as a wave curls before breaking on the shoreline. A refined palette of materials references Queensland coastal vernacular, composed of linear timber boards, flowing concrete forms and ornate fenestration.”

The design report noted that all units will be afforded functional private open space areas that are accessible from the main living area of the units to support the creation of indoor/outdoor spaces.

All 13 units will enjoy primary and secondary balconies, with the penthouse unit coming with a private rooftop recreation deck.

The proposed Akuna development. Source: Modulus Architecture

The nine levels will sit below the 29m height limit of the area, and will maximise its coastal outlook “by providing a series of elevated roof zones which follow the natural contour of the ground.”

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