Holidaying at home is about to get a whole lot more luxurious, with a new 63-storey tower at The Star Gold Coast set to begin construction within the next few weeks.
The now approved Tower 2, dubbed the “tower for tourism”, will be the fourth hotel to be built on Broadbeach Island.
It’s tipped to inject more than $400 million into the local economy and create around 2300 local construction and operational jobs.
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The Star’s CEO Matt Bekier announced the green light for the new development as works continue on the Dorsett hotel and apartments tower, which is due to open in late 2022.
Tower 2 will be built on the most south-eastern part of Broadbeach Island, and will feature 210 five-star hotel rooms, plus 457 residential apartments.
Starting from level seven and spanning 14 levels, the new hotel will sit above a six-level podium featuring an active retail concourse, with direct connectivity to The Star Gold Coast’s other integrated resort offerings.
It’s expected to be complete by late 2024, with 70 per cent of the one, two, and three-bedroom apartments already sold since pre-sales began in May 2019.
Prices range from $596,000 to around $1.8 million.
The State Government approved The Star Gold Coast’s $2 billion masterplan, which allows for up to seven towers and additional resort facilities including dining precincts, bars and cafes, in 2018.
Tourism Minister Stirling Hinchliffe welcomed today’s news, declaring it a huge win for the Gold Coast.
“Today’s decision to proceed with a second mixed-use tower for locals and visitors shows confidence in Gold Coast tourism’s economic recovery,” he said.
“Construction of the tower is expected to deliver 1,800 direct and indirect jobs, and once operational, another 500 job opportunities across The Star Gold Coast.”
Destination Gold Coast Consortium Chairman and The Star Entertainment Group Chairman John O’Neill said the decision to proceed with the second tower is part of the company’s “unwavering commitment to the Gold Coast”.
“This city has unique and appealing characteristics that make it an internationally sought-after tourism destination,” Mr O’Neill said.
“Domestically, we all know how strongly the Gold Coast resonates as a premier holiday location, particularly for those from the southern states.
“There is also a growing number of Australians who want to work, live, and play here. It all helps underpin our confidence in the Gold Coast and SEQ tourism.”
As well as featuring a luxurious day spa and wellness centre, the building will also have a large lagoon pool, sundecks, private cabanas, alfresco dining areas, subtropical gardens, function lawns, and outdoor spaces.
Global construction company Multiplex has been awarded the contract for the build with site establishment works commencing this week, followed by initial demolition works starting in the next few weeks.