5Point Breaks Ground on Alora, a $100 Million Boutique Tower of 38 Residences at Rainbow Bay
12 Ward Street, Coolangatta (Rainbow Bay) QLD 4225
5Point has started construction on Alora, a $100 million, 17 level building of 38 residences on an elevated 810 square metre corner site at 12 Ward Street, Rainbow Bay, the tightly held pocket at the southern tip of the Gold Coast between Coolangatta and the New South Wales border. Demolition of the previous building is complete, piling is underway and the builder-developer has set completion for the third quarter of 2028.
Designed by TVS Architects, Alora holds 22 two bedroom apartments, 14 three bedroom apartments and two penthouses, with every residence placed to take in the ocean both to the north and to the south. From the corner the outlook runs across Rainbow Bay and the Snapper Rocks surf break, north along the coast to the Surfers Paradise skyline, and south and west over the Tweed and the hinterland.
Two bedroom residences range from 103 to 116 square metres and are priced from $1.7 million; the three bedroom residences run from 154 to 169 square metres and start at $3.2 million.
