CDI congratulates Lacey Group on sold out projects The Monroe and Del Ray

The Monroe all-but sold out in May after just two weeks, while Del Ray didn’t even hit the open market, selling all of its 72 apartments prior to its launch.

Family-owned Gold Coast developer, Lacey Group, are advancing their plans for their two luxury Gold Coast apartment developments, after securing two quick-time sell-outs. Lacey Group, headed by director Adam Lacey, are fast-tracking construction for their $35 million The Monroe at Palm Beach, and the $63 million Del Ray apartments at Kirra.

The Monroe all-but sold out in May after just two weeks, while Del Ray didn’t even hit the open market, selling all of its 72 apartments prior to its launch.

Demolition works on both sites has now been completed, with full scale construction scheduled to take off in October.

Del Ray, designed by Plus Architecture, will encompass 72 two and three-bedroom apartments and townhouses, as well as a rooftop infinity pool and terrace, with sweeping views over the ocean, and an exclusive resident’s lounge. Located at 7-11 Miles St, the project is within close proximity to the highly anticipated re-development of the Kirra Beach Hotel, set to offer the bustling Kirra Beach suburb a new entertainment hub and dining pavilion. The Monroe will sit further south on Palm Beach’s Jefferson Lane dress circle.

The project at 124-126 Jefferson Lane will see 33 two and three-bedroom apartments created, as well as a townhome and a luxury penthouse. That too will have a 250 sqm rooftop terrace with a swimming pool, fire pit area and views.

CDI is proud to have drawn the contract documentation for this project.

Key contacts:

Stephen Pyman – Director

 

 

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