Luxury Main Beach tower to be demolished

AN absolute beachfront tower overlooking Narrowneck will be demolished and replaced by another even larger luxury tower.

The Kapalua tower, once considered one of the Gold Coast’s most glamorous addresses, will be brought down and replaced by an 11-storey tower (pictured).

The high-end development, put forward by the tower’s body corporate will have just eight four-bedroom units with million dollar views of Surfers Paradise and the ocean.

The boutique project will replace the existing eight-storey Kapalua building, which has stood on the site since 1990 and is next to a site proposed as the home of a north Surfers Paradise surf club.

The new tower will have 32 bedrooms and a basement level with 17 residential parks.

Each unit will have a spa, with all bedrooms containing a private balcony.

A double-storey penthouse will sit at the tower’s peak.

It is topped with a community rooftop terrace which will include a kitchen and dining area.

A planning report filed with council reveals the project is explicitly being targeted at the highly lucrative downsizer market.

“The very large and liveable apartments will be highly desirable to ‘ empty nesters’ downsizing from large, detached dwellings, thereby adding to the housing diversity of the Main Beach beachside community,” the report said.

Kapalua has been at the centre of some big sales in recent years.

In 2013, David Pradella bought two floors of the tower for $3 million while Luigi Vidopivec bought its penthouse for $2.1 million in 2015.