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Four Towers Added to $2bn Broadbeach Masterplan

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Four Towers Added to $2bn Broadbeach Masterplan

Four Towers Added to $2bn Broadbeach Masterplan

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.”

 

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: theurbandeveloper.com

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Developments

Developer Launches 25-Storey Mermaid Beach Tower

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Developer Launches 25-Storey Mermaid Beach Tower

Developer Launches 25-Storey Mermaid Beach Tower

Developer Launches 25-Storey Mermaid Beach Tower. Western Australian developer Pindan has launched its first Gold Coast project to market at Mermaid Beach.

Developer Pindan has been an active player on Australia’s east coast over the past five years, with its funds management arm, Pindan Capital, overseeing $1.7 billion of development projects.

Its latest venture, a $110 million residential tower known as Mahala, will boast 94 spacious two and three bedroom apartments with two car bays, across 25-storeys.

The Cottee Parker designed residential tower, located on Peerless Avenue, will overlook Hedges Avenue, known colloquially as “millionaires row”.

The new tower will feature resort-style amenities including a terrace pool, residents lounge, private dining room along with a secure grocery and parcel delivery facility.

A rooftop solar farm system will allow residents to benefit from cheaper energy costs and lower strata fees.

 

Developer Launches 25-Storey Mermaid Beach Tower

Developer Launches 25-Storey Mermaid Beach Tower

“Mahala offers features you would expect in a private beachside home, a beautiful entry, and even a secure drop-off facility for residents who like to have their groceries, wine or other shopping items delivered,” Pindan director Nick Allingame said.

The tower sit just south of Sunland’s $200m, 45-storey tower which is currently on the market.

Colliers International residential director Andrew Roubicek said there had been well over 500 enquiries from prospective purchasers living locally as well as from Brisbane and interstate.

“Locals who are looking to make Mahala their home are saying the fact the vast majority of apartments are being sold with two carparks is a big drawcard, along with the prime location close to Hedges Avenue,” Roubicek said.

Pindan received planning approval in late July, with early construction work now commencing on site.

Source: theurbandeveloper.com

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Developments

Ridong Unveils Plans for ‘World Class’ Gold Coast Tourism and Wellness Retreat

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Chinese developer Ridong, the original developer of the Gold Coast’s $1 billion Jewel project, has lodged plans for a “wellness and tourism retreat” in Tallebudgera Valley on the Gold Coast.

The $60 million proposal seeks approval for a six-star, 98-room key resort, 113 residential dwellings, a 16-hectare man-made lake and a contemporary European art and sculpture gallery modelled off Tasmania’s Museum of Old and Modern Art (MONA).

In plans submitted to the Gold Coast City Council in late September, Ridong has also proposed a 3-storey health and wellness centre with a day spa, a waterfront chapel for wedding services, two conference centres and three restaurants.

Chairman of the Ridong Group, Riyu Li, began acquiring parcels of land in Tallebudgera Valley in 2014.

The “wellness and tourism retreat” will cover sites owned by Li on Tallebudgera Connection Road and Tallebudgera Creek Road.

The Ridong Group sold its 45 per cent share in the Jewel towers in February.

gold coast tourism

Artist impressions of a chapel (top left), health and wellness centre (right) and art museum (bottom) in the Gold Coast hinterland.

In applying for the rezoning the rural 47.5-hectare rural site, Ridong has positioned the development as a “significant investment in the development of an integrated tourism resort” catering to a growing inbound tourism market interested in health and wellbeing.

Building heights will be largely low- to medium-rise, with the hotel component of the development reaching 5-storeys. The proposed development will cover less than 9 per cent of the nearly 50-hectare site.

The 4-storey, 14,885sq m contemporary art gallery will be privately operated and comprise a curated cultural exhibition space, a 100-seat theatre and automotive museum.

Ridong said that the gallery will act as a “world class” tourism attraction for the area as the Gold Coast “doesn’t currently have an art gallery of such proposed scale”.

Ridong has appointed architecture firm DBI for preliminary design duties.

The major development is currently in preliminary assessment with the Gold Coast City Council and is not expected to progress before 2019.

The Urban Developer reached out to Ridong but did not hear back by the time of publication.

Source: theurbandeveloper.com

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Developments

Gold Coast’s Newest Residential Community Secures $91 Million in Sales

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Gold coast property

One of Gold Coast City’s ‘s newest communities, Vue Terrace Homes, is starting to take shape.

With more than 200 workers on site each day, Robina Group’s $170 million city-shaping project is creating jobs and boosting the economy.

Hutchinson Builders commenced construction of the major Robina Group development in March on a central site overlooking Gold Coast City Council’s 17-hectare Robina City Parklands.

The parklands are due for a $15 million upgrade by Council to transform them into Gold Coast’s “Central Park”, the tender process for the project has just commenced with works due to start this year.

Buyers have already invested more than $91 million in Vue Terrace Homes, including almost $16 million in sales in the penultimate release – stage three.

Hutchinson Builders Gold Coast manager Paul Hart said the project, situated on East Lane in the heart of Robina, was a hive of activity.

All homes in the six-hectare, gated Vue Terrace Homes residential community feature three bedrooms plus a second multi-use living perfect for a media room or study.

“At the peak of construction, we will have more than 300 staff on site daily, with a total of more than 3000 people employed as a direct result of this development, which is keeping Gold Coast workers close to home and boosting the local economy,” he said.

“Roofs have started to go on to many homes and many more are framed up and we have also started interior works, including plastering and joinery.”

All homes in the six-hectare, gated Vue Terrace Homes residential community feature three bedrooms plus a second multi-use living perfect for a media room or study.

Residents of the Vue community will have direct access into Robina City Parklands where they will be able to enjoy multiple fishing platforms, a village green with event stage, walking trails, playgrounds and a café once the multi-million transformation is complete.

Robina Group sales manager Azura Griffen said Vue Terrace Homes was brought to market to fulfil strong demand for terrace homes in Robina.

Gold coast property

The first Vue Terrace Homes will be completed early next year, with stage two expected to be delivered shortly after.

“Vue features high-quality homes to meet demand in this fast-growing region, with Robina’s population workforce predicted to double by 2050,” she said.

“This new community offers the chance to secure a low-maintenance, urban property at the geographic heart of the city, with the best education options right on your doorstep and an ideal lifestyle just ten minutes to the beach.

“Projects such as Robina City Parklands are further adding to the precinct’s appeal, and we have already recorded increased enquiry since the announcement in June that Council plans to commence upgrade work on the parklands later this year.”

The first Vue Terrace Homes will be completed early next year, with stage two expected to be delivered shortly after.

The Vue Terrace Homes sales and display centre is open seven days a week from 10am to 5pm on the corner of East Lane and Stadium Drive, Robina.

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