A NEW 89-story mega-tower looks set to be built in Surfers Paradise after the project was pre-approved by council.
The ‘Spirit’ development was approved by Council’s Planning Committee on Wednesday and will be put to Tuesday’s full council meeting.
The tower, which will be taller than the Q1 when not counting its spire, will contain 479 apartments and is tipped to inject an estimated $1.84 billion into the city’s economy.
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If the development receives full council approval, work will start immediately on a $50 million geotechnical foundations program to prepare the site for major construction.
The foundations program will provide an immediate 75 jobs on site, while 710 workers will be employed during the construction phase each year over the next four years.
On completion, the project will provide 65 retail jobs, 90 hospitality jobs and 430 positions in accommodation services.
Developer Forise Holdings today thanked Gold Coast City Council’s planning officers for their diligent work and support.
Tony Hickey says Spirit will now move into full delivery phase, assuming ratification of the Planning Committee’s decision by full Council.
“Spirit is real, it is happening and from here the project team will be undertaking an aggressive and professional delivery program,” he said.
“The green light from Council will mean an early Christmas present for the Gold Coast in terms of job creation and the enormous economic benefits that Spirit will bring to the city.”