PAMA Casuarina, a $75 million boutique residential development being built in Casuarina Beach, will be the first in the precinct to be zoned as fully residential.
Currently, all multi-level apartment buildings in Casuarina Beach are zoned as resort accommodation, which mean owners can only occupy their properties for a maximum of three months out of a year.
However, the local Tweed Shire Council, recognising the need to diversify housing options in response to the increasing price of land in the area, recently approved a masterplan to allow for residential multi-storey developments up to 13.6m.
PAMA Casuarina will be the first project built under the masterplan.
Adrian Parsons, managing director of TOTAL Property Group, which is marketing PAMA, said the development offered the only opportunity to live permanently in a new apartment in Casuarina Beach.
“If you’re looking to downsize from a house, at the moment you can’t go anywhere else,” Mr Parsons said.
“The only way to live in Casuarina Beach is to buy a house but the median price is more than $2 million, so it is an expensive option,” he said.
Buyers can purchase a townhouse but Mr Parsons said they were limited in number.
Holm Developments has teamed up with DeMartini Fletcher to deliver the PAMA project, which Mr Parsons said was filling a gap in the market for owner-occupiers wanting to reside in Casuarina Beach.
“The quality of apartments and amenity, and the location of the beach is appealing to a range of demographics,” he said.
Over recent years, Casuarina Beach, 40 minutes north of Byron Bay and nine minutes south of Kingscliff, has evolved into a beachside village with a vibrant centre called The Commons and a second centre anchored by a Coles supermarket.
PAMA Casuarina will be located in the centre of the village at 5 Grand Parade and will consist of 47 two, three and four-bedroom apartments across four levels.
Priced from $1.065 million for a 120sq m two-bedroom apartment, more than 65 per cent of the project sold within four weeks of hitting the market, generating sales of more than $45 million.
Danny Juric, architectural lead on the project and director of Plus Architecture, said he designed PAMA Casuarina to be a collection of boutique coastal residences that capture the essence of the village’s laid-back beachside culture.
“Having lived in the Casuarina community for a number of years now, it was very important that the architecture
and design of PAMA blended our sophisticated coastal style with social elements that resonate with the local community,” he said.
“PAMA is probably our most tropical-inspired design, taking elements from the iconic Queenslander and the mid-century character of Palm Springs to create a striking silhouette that will appeal to residents and the wider community.”
The project’s exclusive resort-style amenities will include a 20m heated swimming pool with a wet deck and sand beach, barbecues with a kitchen and bar area, outdoor showers, an expansive board storage facility, and designated dog wash bay. Residents will also have access to a selection of stand-up paddle boards, surfboards, and bikes for private use.
PAMA also has eco credentials with common areas and its landscaped grounds to be powered by accredited sources under the Federal Government’s National GreenPower Initiative.
A 40kw solar system installed on the rooftop will supply renewable energy back into the grid, offering owners the option to connect to GreenPower.