Nov
08

Four Towers Added to $2bn Broadbeach Masterplan

The Urban Developer

The Queensland government has approved four more towers for the Destination Gold Coast Consortium’s Broadbeach masterplan.

The Destination Gold Coast Consortium — a joint venture between Star Entertainment Group and Hong Kong-based partners Far East Consortium and Chow Tai Fook Enterprises will now undertake a 10-year construction phase to complete the master plan.

The newly added towers will create 3,000 new hotel rooms and will range in height between 52-74 storeys.

On completion, Star Gold Coast will be home to more than 50 bars and restaurants and employ 6,000 people in total.

“The masterplan in its entirety would see The Star Gold Coast boast more tourism accommodation than any other resort in Australia,” Star Entertainment Group chief executive Matt Bekier said.

“The 3,000 hotel rooms and apartments would also exceed what the world-renowned Marina Bay Sands in Singapore offers, and be on a scale to compare with the largest integrated resorts in Las Vegas.”

 

 

Star Gold Coast's integrated resort redevelopment.

Star Gold Coast’s integrated resort redevelopment – Image: Urbis

 

The first phase of the overall masterplan’s five new towers was approved in December 2016 and is currently under construction.

Construction recently began on the site’s third hotel tower, a $400 million project containing 316 guest rooms.

The 53-storey tower will be home Australia’s first Dorsett hotel as well as Star Residences, set to open in 2022.

“In addition to The Star Grand, The Darling and The Dorsett hotel tower, our expanded masterplan provides the opportunity for another four towers and world-class facilities,” Bekier said.

An estimated 1,800 jobs will be created to build each of the four remaining towers, totalling 7,200 construction jobs.

A further 3,000 people will be employed operationally across the four new towers.

“This state government stamp of approval gives The Star and its partners the opportunity to lift The Star’s profile with international tourists to even greater heights,” Premier Annastacia Palaszczuk said.

All seven towers are estimated to be complete by 2028, with the Consortium outlining plans to build one new tower at its Broadbeach island site every two years.

Star is also undertaking the Queen’s Wharf Brisbane transformation combining their tourism assets within Queensland to $9 billion.

 

Source: 2 November 2018 https://theurbandeveloper.com/articles/2bn-gold-coast-master-plan-adds-4-more-towers

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