CONSTRUCTION on a new 200-metre tall 700-room apartment tower at Jupiters Hotel & Casino on the Gold Coast will begin next year after the development was given the tick of approval by the Queensland Government.
The new 4.5-star tower will include a new restaurant and bar concept, a luxurious day spa, and a recreation deck on the eighth floor boasting ocean views and an opulent resort-style pool.
Construction is expected to begin in 2017, subject to successful apartment pre-sales, and will add to new six-star, 17-storey luxury hotel tower currently under construction at the front of the property.
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The two new towers are part of a $850 million investment at the Broadbeach site which will increase overall accommodation to almost 1400 rooms, generate more than 1000 construction jobs and increase Jupiters’ workforce to around 2300 employees once operational.
When complete, the 200m tall tower will dwarf Broadbeach’s current tallest building, The Oracle Beach Tower, which stands at 165 metres tall, to become the sixth tallest building on the Coast.
The Star Entertainment Group Managing Director Queensland Geoff Hogg said the new tower will continue an extensive and ongoing redevelopment project, which will lead next year to the rebranding of the Jupiters property to The Star Gold Coast.
“By the end of the year we’ll have completed the refurbishment of the almost 600 rooms in the existing 31-year-old hotel, together with the addition of new food and beverage outlets,” Mr Hogg said.
“We are also well beyond the halfway milestone in the build of the 17-storey six-star hotel tower at the front of the property and it remains on track to be fully operational before the Gold Coast 2018 Commonwealth Games.”
Construction of the new 200m tall tower is expected to be completed in 2020. The development will be undertaken by The Star Entertainment Group in a joint venture with Chow Tai Fook and Far East Consortium.
Managing Director and CEO of The Star Entertainment Group Matt Bekier today thanked both the state government and city council for their ongoing support.
“I would like to thank the Queensland Government for its ongoing support as we create a world-class tourism asset that will contribute significantly to the appeal of the Gold Coast and this State,” Mr Bekier said.
“Appreciation is also extended to the City of Gold Coast for the support and enthusiasm it has shown for this landmark tower development.
“We are making an enduring commitment to South East Queensland through a long-term master plan for our Gold Coast property and a $3 billion investment at Queen’s Wharf Brisbane, both involving our Hong Kong based partners Chow Tai Fook and Far East Consortium.
“The Star Entertainment Group and our partners have great confidence in the tourism outlook for Queensland.
“With increasing visitation forecasts out of Asia and China, together with strong domestic tourism figures, Queensland is well-placed to capture this growth but needs enhanced tourism product to meet the demand.
“Our vision is to continue to transform Jupiters into a truly integrated resort on the Gold Coast, and help position the tourism industry as an economic driver in Queensland.”
The approved 700-room tower is the first of up to five new hotels and apartment towers slated for Jupiters as outlined in a future development plan unveiled earlier this year.
The long-term master plan concept for the property is potentially worth billions of dollars and features four more new hotel and/or apartment towers, a world-class recreational deck with water features, tropical gardens, pools, and spa, and new entertainment facilities.
The concept also looks at ways to enhance the connection of Broadbeach Island with Pacific Fair, the Gold Coast Convention Centre, and the surrounding Broadbeach precinct.
“If approved, our master plan would create a seamless flow of phased developments to provide the ultimate dining, retail, recreation, and gaming experiences in the Gold Coast,” Mr Hogg said.
“It would ensure our current projects complement and support our longer-term investment plans, with overall design that achieves the right mix of accommodation and leisure offerings and, importantly, improves connectivity throughout the local Broadbeach precinct.”
Queensland Premier Annastacia Palaszczuk said the investment was a commitment of confidence and jobs on the Gold Coast.
“This is another vote of confidence in Queensland and the Gold Coast as a must-visit tourism destination,” the Premier said.
“My Government continues to work with The Star on its master plan, which could see the construction of a further four towers.
“The Star has partnered with TAFE Queensland to establish a six-star International Hospitality Service program.
“This will provide hospitality training opportunities not only in preparation for the proposed expansion of Jupiters, but also for the increased visitor numbers for the Commonwealth Games,” she said.
Ms Palaszczuk said this was another exciting week for the Gold Coast with the attraction of international production Aquaman and more than 1000 direct and indirect jobs to the Gold Coast and confirmation the $320 million 2018 Gold Coast Commonwealth Games venues program was on time and on budget.