First look: Raptis lodges plans for new 29-storey Broadbeach tower
Just a few months after acquiring a prime Broadbeach site on the corner of First Avenue and Surf Parade, family-run developer Raptis has filed fresh plans for a new apartment development.
Raptis is seeking to deliver a 29-storey tower with 73 apartments on the 818 sqm site. It will be the developer's seventh project in the suburb, as they are approaching completion of The Sterling on George Avenue.
There will be a pool, barbecue and outdoor dining area, residents lounge and dining, sauna and steam room, gym, and a Yoga and Pilates studio.
Raptis Joint Managing Director, Evan Raptis, says they remain committed to developing quality infill sites across the Gold Coast in the lead-up to the 2032 Brisbane Olympics.
"This project continues our long track record of delivery in Broadbeach, and we look forward to bringing another premium development to this thriving precinct."
The announcement follows strong delivery momentum for Raptis, with The Sterling Broadbeach nearing completion and construction well underway on the final stage of the Waterpoint community adjacent to Harbour Town. The developer's continued investment in the Gold Coast reflects confidence in the region's apartment market fundamentals, underpinned by sustained Southeast Queensland population growth.
The outlook for the region is further bolstered by infrastructure investment tied to the Brisbane 2032 Olympic Games, which is expected to drive continued economic and population growth across the SEQ corridor.
Subject to a favourable response from Gold Coast City Council, construction on the new First Avenue tower is targeted to commence before the end of 2026.
Read more: It’s all in the family: Four decades later, Raptis continues to shape the Gold Coast skyline
Read more: Raptis secures prime Surf Parade site for next Broadbeach apartment development
Joel Robinson
Joel Robinson is the Editor in Chief at Apartments.com.au, where he leads the editorial team and oversees the country’s most comprehensive news coverage dedicated to the off the plan property market. With more than a decade of experience in residential real estate journalism, Joel brings deep insight into Australia’s evolving development landscape.
He holds a degree in Business Management with a major in Journalism from Leeds Beckett University in the UK, and has developed a particular expertise in off the plan apartment space. Joel’s editorial lens spans the full lifecycle of a project, from site acquisition and planning approvals through to new launches, construction completions, and final sell-out, delivering trusted, buyer-focused content that supports informed decision-making across the property journey
