Sherpa Lodge Revised $550 Plans for Additional Project Set to Deliver Intergenerational Housing to Palm Beach

Sherpa Group has submitted revised plans for its $550 million Palm Beach development, expanding its vision to create a genuinely multi-generational community, one that makes space for everyone, from first-home buyers to right-sizers seeking their next chapter. If approved, the updated proposal would introduce 177 new apartments into a market where housing supply continues to fall well short of demand.

With development approval already in place for a 102-apartment project at 1150–1154 Gold Coast Highway and 3 Sixth Avenue, Sherpa has now submitted plans for an additional site at 1156–1164 Gold Coast Highway, extending the scope of its Flourish Palm Beach precinct. Together, the projects aim to respond directly to the changing needs of the suburb.

Pending approval, Sherpa will reserve all one- and two-bedroom, one-bathroom apartments exclusively for first-home buyers, creating a pathway into a market where affordability has become increasingly out of reach. The uplift in density is designed to support more attainable homes on the lower levels, while still offering premium residences for those seeking to buy into one of Palm Beach’s most tightly held locations.

The revised plans arrive as apartment prices in Palm Beach climb to a weighted average of $2.25 million, driven by limited stock and growing demand that has steadily pushed locals out of the market. Bucking that trend, Sherpa’s two Flourish projects will deliver apartments from $550,000, with a weighted average of $1.44 million. For buyers seeking a higher-end offering, the premium Canopy Collection will sit at a weighted average of $2.76 million, ensuring diversity without dilution.

Sherpa founder, Christie Leet, said the centre zone of Palm Beach offered a rare opportunity to deliver this kind of layered community.

Palm Beach is becoming increasingly difficult for locals to access, not because of lack of demand, but because there simply is not enough affordable stock. The intention behind Flourish is to create communities where everyday people can experience an elevated coastal lifestyle, regardless of which level they live on. At Flourish, shared spaces matter. Every resident will have access to the rooftop, with sweeping coastal views and beachside backyard.

Subject to approval, the two projects will deliver a mix of one, two, three and four-bedroom apartments, connected via a skybridge that links residential amenities and encourages movement, interaction and a sense of community. The rooftops, spanning a combined 2,500 square metres, will be designed as shared lifestyle spaces rather than showpieces, featuring pools, wellness and spa facilities, plunge pools, a gym, work-from-home areas, private and outdoor dining zones, pizza and barbecue ovens, a children’s playground, lap pool, zen garden, yoga room and treatment spaces.

At ground level, a 1,500-square-metre retail precinct is planned to activate the site and enhance amenity for the wider neighbourhood, reinforcing the idea that this is not an isolated development, but part of the fabric of Palm Beach.

Beyond bricks and mortar, Sherpa has also taken steps to support the local community during construction. As demolition begins on the approved southern site, Serving Our People’s People Market has been relocated to Sherpa’s investment property at 1154 Gold Coast Highway, ensuring continuity for a service many locals rely on.

The Flourish brand represents Sherpa’s latest residential chapter, shaped by fairly priced, design-driven apartments created with local buyers in mind. Recent successes include Flourish Amargo, now 84 per cent sold, and Symphony in Brisbane, which achieved $145 million in sales, underscoring sustained demand for well-considered, lifestyle-focused projects.

In a market defined by scarcity and rising prices, Sherpa’s revised plans signal a different approach to growth in Palm Beach, one that prioritises livability, access and long-term community value, while remaining grounded in the coastal character that has always defined the suburb.