Fanning and Warbrick tower, Rainbow Bay.

World’s most-loved surfer Mick Fanning pools fortune with Rip Curl founder Doug Warbrick to bankroll $130 million, 93-apartment “wellness” tower at Snapper Rocks!

Half of the apartments sold in the first weekend, a wild seventy-one mill in sales.

The three-time world surfing champion Mick Fanning and Rip Curl founder Doug Warbrick have pooled their considerable fortunes to bankroll along with a few others, a wild looking tower with yoga and steam rooms, gymnasiums, a rooftop slide and hanging gardens in Rainbow Bay, where you’ll find Snapper, Greenmount etc. 

Mick and Doug, who both own hunks of dirt in Rainbow, although not on the beachfront side, combined their landholdings into one monster block. 

Doug, y’might recall, came into his cash after selling his slice of Rip Curl to Kathmandu after fifty years of continuous ownership in a total sale worth $350 mill; Mick, who won world titles in 2007, 2009 and 2013 before retiring in 2018 after seventeen years on tour, has long been into real estate as well as various business plays, including Balter Beer which sold one year ago for a rumoured two-hundred mill.

The approval for the tower, which is called Esprit, wasn’t a fait accompli despite Fanning’s god-like status around Coolangatta, with the Gold Coast Council stinging ‘em for a $2.084 million infrastructure charge. 

Council also wanted to green up the joint, getting the “celebrity moguls” to increase the size of planter boxes on the apartments. 

Whatever you think of towers, of development, of the rich getting richer and so on, y’gotta admit, oowee, ain’t she a peach.

Lap pool, ice bath, yoga and steam rooms, infrared sauna, rooftop slide, outdoor cinema and so on. 

Popular? Yeah, you could say that. 

Half of the 93-apartments were bought in the first weekend, a wild seventy-one mill in sales.

A little under two-mill gets a three-bedder, around a mill, and all Australian shekels, gets two beds.

The developer of Esprit is Paul Gedoun who is building the exclusive Flow residences overlooking the Supa Bank at Rainbow Bay.

As I wrote at the time, “Flow’s got all the usual markers of wealth, heated pool, daybeds, steam room, gymnasium, personal surfboard locker rooms, fire pit, even a ‘surfboard preparation room’ where, perhaps, locals might be employed to fix their masters’ surfboards and where lucky children with whisky breath will be free to roam and little dogs sourced from Mexico will be trained to walk on their hind legs.”

V exciting.

Buy Esprit here.

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Robert
Robert
4 years ago

It looks like lipstick on a Council House high rise. I’m all for getting rich but it seems so odd for a surfer only because once you had enough money to travel anywhere in the world to go surf and stay comfortably for the rest of your life, most of us would cash in and do just that.

Dana Franchitto
Dana Franchitto
4 years ago

Just a reminder… women surf as well.

Dana Franchitto
Dana Franchitto
4 years ago

leave all wild and domestic animals out of this ostentatious shit show.

Terence Hogben
Terence Hogben
4 years ago

Mick Fanning most famous because of a curious shark that got entangled in his leash at JBay how lucky for his marketing team.

Dana Franchitto
Dana Franchitto
4 years ago
Reply to  Terence Hogben

fuck him and his “marketing” Maybe he should leave surfing and go manage a store in a suburban mall somewhere.

Capt Sensible
Capt Sensible
4 years ago

But what ever happened to the Wrights ?

channelbottom
channelbottom
4 years ago
surfmom
surfmom
4 years ago

“Unchecked capitalism” aka corporatism.

channelbottom
channelbottom
4 years ago

Ssshhh. I think you’re blowing that spot out. Prepare for hate mail.

Dana Franchitto
Dana Franchitto
4 years ago

Jesus Christ this is the most ostentatious display of elitism I have ever seen and I don’t think Beach grit should be making light of it they should be making a social commentary on how privileged classes get rich at the expense of the rest of us we shouldn’t be glorifying this Tower especially one that’s going to be cruel to animals by making 2 hours walk on their hind legs for a bunch of spoiled Rich tourists this is not at all to the credit of Mick fanning or any other surfer he’s involved with it’s a disgrace to the beauty of surfing and I hope it fails

surfmom
surfmom
4 years ago

How hard did you try to miss the subtext of this article?

Dana Franchitto
Dana Franchitto
4 years ago
Reply to  surfmom

In response to your question, I read it again.

I guess, I missed the”subtext”because I was distracted by “Whatever you think of towersof development…y’gotta admit oowee ain’t she a peach”, followed by an ad for Esprit

Waterproof Polo
Waterproof Polo
4 years ago

Fuck up nature.. you got’s to pay!

https://getyarn.io/yarn-cli…

Travis Edgar
Travis Edgar
4 years ago

How much
…?

Waterproof Polo
Waterproof Polo
4 years ago
Reply to  Travis Edgar

Good question.. how much is enough to fix the beach, and also discourage those responsible from making similar mistakes? That’d be the amount.

Hot stuff
Hot stuff
4 years ago

They know how to build them and tap the power lines, probly start Gettin the coke prices down too.

Gil Gunderson
Gil Gunderson
4 years ago

If I buy one, do I get to hang with Mick? Will be be my new best friend?

Yobbo
Yobbo
4 years ago
Reply to  Gil Gunderson

Doubt it. He’s so far up his own arse these days, the plebs are not needed or wanted.

ValiantScorn
ValiantScorn
4 years ago

What does all this matter? If you walk outside of your apartment with weeds growing off of it, you’ll be beaten for being outside by the police. Place is a f nightmare, that noone seems to be honest about.

ValiantScorn
ValiantScorn
4 years ago
Dung beetle
Dung beetle
4 years ago

It’s really a tragedy McCartney outlasted the rest of em

Christopher Dean
Christopher Dean
4 years ago

The problem is, ….dude, you don’t understand jack about the republic you live in – the how and why of it. You’re just parroting hippie dippie speak.
Just go surfing Mr Meoff, dont worry about it.

Cannabis-Creativity
Cannabis-Creativity
4 years ago

Learning about the class system in Australia and the slang that accompanies it. Is Mick a “cashed up bogan”…am I using the term correctly?

Takeoffdeepandreallylate
Takeoffdeepandreallylate
4 years ago

I totally agree that’s what’s happening in Australia and NZ is fucking ridiculous, and to some extent in the US. How so many supposedly smart people have bought into the cult is mind boggling. Maybe it’s time to move to Sweden as they seem to be the only country that sort of has their head on straight.

The Mad Max world is basically law of the jungle, pure Darwin evolution. Only the strong survive. While ruthlessly efficient, it’s also ain’t pretty if you aren’t strong or you’re young or old. Not sure what the best solution is or if there is one given human nature

Takeoffdeepandreallylate
Takeoffdeepandreallylate
4 years ago

With communism everyone is a slave with no chance of freedom. At least with capitalism you are free and have a choice to do as you want. So system is perfect but I’ll take capitalism any day

Christopher Dean
Christopher Dean
4 years ago

Hey surfers, nothing wrong with capitalism. It is the byproduct of freedom. It’s the marxo-corporo-globalists who are attempting to ruin the world with totalitarianism is who we need to worry about. You know, the people who who demand bigger plant boxes..


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