Things are continuing to look up for the Gold Coast’s iconic Jupiters resort with The Star Entertainment Group pouring more money and design power into the Broadbeach landmark.
The company plans to build a new 200 metre hotel and apartment tower that would take the current $345 million redevelopment to a potential mega-investment worth up to $850 million.
Star is currently working with the City of Gold Coast Council and State Government on necessary approvals for the proposed new tower and master plan concept.
It will also commence a community information program this month, to canvas the proposed ongoing transformation of the site and information sessions will be held.
Details on a broader master plan concept for the site will also be shared.
“This level of investment from The Star shows the confidence in our city and the broader south east Queensland region,” Mayor Tom Tate said.
“It is a long-term vision and one we support as the Gold Coast matures into one of the most dynamic regional cities in the Southern Hemisphere. Residents, domestic and international visitors will enjoy incredible facilities and entertainment in this integrated resort as it evolves over the years.
The master plan concept provides for future development options potentially worth multiple billions of dollars with up to five hotel and/or apartment buildings, a world class recreational deck with water features, tropical gardens, pools and spa, and new entertainment facilities.
It also looks at ways to enhance the connection of Broadbeach Island with Pacific Fair, the Gold Coast Convention Centre and the surrounding Broadbeach precinct.
“Our aim is to be Australia’s leading integrated resort company and our plans for the Gold Coast are a significant part of that vision,” The Star Entertainment Group Managing Director & CEO Matt Bekier said.
“This proposed master plan concept is about building on the exciting tourism forecasts we are seeing for the Gold Coast, with much-needed new infrastructure to deliver an international world-class integrated resort on the coast without the need for any additional poker machines,” Mr Bekier added.
Premier Annastacia Palaszczuk was on hand for the big announcement, which she believes will be a boom for local tourism and jobs.
“With the Commonwealth Games now less than two years away and stage two of Gold Coast Light Rail underway, projects like this will drive additional economic activity and jobs on the Gold Coast,” Ms Palaszczuk said.
“People are visiting Queensland in record numbers. To cater for increasing visitors, there is an estimated $11 billion in planned investment in accommodation and facilities, including more than 3000 extra hotel rooms,” she added.
“I have just returned from Hong Kong and China. Queensland and the Gold Coast are must-visit destinations for them. Almost 400,000 Chinese tourists visited Queensland in 2015, which is 20% more visitors compared to 2014.”
Construction of the proposed new tower could start next year and would be located on the ocean side of the existing property.