The new 17-storey hotel, “The Darling”, features 57 rooms ranging in size from 70sq m to 328sq m. The group is currently undertaking a $345 million refurbishment of The Star Gold Coast in Broadbeach.
The launch comes as the ASX-listed Star Entertainment recorded a first-half statutory net profit loss of 76.8 per cent to $32.9 million weighed down by $32 million of significant items and debt restructuring costs.
The group announced that it recorded normalised net profit of $120 million, up 12.4 per cent from the corresponding period, with chief executive Matt Bekier saying the performance of the Star’s Queensland properties had been “pleasing” in the first months of 2018.
The Star Entertainment Group managing director Geoff Hogg said the Star team was preparing to finally unveil the hotel after three years.
“The Darling positions The Star Gold Coast at the premium end of the market and ensures the Gold Coast has an even more compelling value proposition as we seek to compete on a global scale for domestic and international visitors,” Hogg said.
Designed by Steelman Partners, the hotel was delivered by DBI Design and Probuild.
The Darling connects to the recently refurbished five-star hotel, The Star Grand.
Pending successful pre-sales, the planned addition of the first mixed-use residential apartment and hotel tower on Broadbeach Island – the 53-storey tower The Star Residences – could be the first of up to five within a future master plan as part of a joint venture with Hong Kong-based partners Chow Tai Fook and Far East Consortium.
Together, the refurbishment of the existing property and the development of both The Darling and the proposed hotel and residential tower would involve a combined investment of up to $850 million.
The Gold Coast is the second Star hotel to adopt The Darling brand joining The Darling at The Star Sydney.
Last month the Gold Coast Airport revealed plans for a $50 million Rydges-branded hotel as part of the airport’s Preliminary Draft Major Development Plan. It would include a four-star Rydges hotel in the precinct, featuring up to 200 rooms, conference facilities and a roof-top bar, swimming pool and restaurant.
Originally Published: theurbandeveloper.com
ASF Group Lodge Application for Super Slim Surfers Paradise Skyscraper
The developer of the failed $3 billion casino bid at the Gold Coast spit has lodged a development application for a super-slim beachfront skyscraper on Garfield Terrace in Surfers Paradise.
The ASX-listed ASF Group submitted the proposal for 50 luxury residential units across 31-storeys on a tight 607sq m site.
The proposed tower will comprise 46 two-bedroom apartments, three sub-penthouses (four-bedroom apartments) and just one five-bedroom, ultra-prestige, three-storey penthouse.
ASF acquired the site in early 2016 for $4,860,000, signing on architecture firm Blight Rayner and landscape architecture firm Byrns Lardner to steer the landscape-heavy design.
The main pedestrian entrance to the tower will be via Thornton Street, with communal recreation facilities including a yoga room, gym, club lounge and outdoor “infinity” pool proposed for the ground floor.
The building will feature an “automatic valet parking” system, with an operable lift taking just 86 seconds to store a car after a driver exits the vehicle.
The addition of the car parking system will allow the developer to more than double the amount of car parking spaces on the small 600sq m site.
If approved, the 104-metre tower site will be one of four 30-plus storey towers approved by council within a one kilometre radius of the site.
A number of luxury residential projects are under way close to ASF’s Garfield Street proposal, as developer’s respond to the growing demand for larger apartments on the Gold Coast.
The development application pointed to continual renewal south of the Surfers Paradise centre – led by Yuhu Group’s Jewel – as the “centre zone of Surfers Paradise grows”.
“A series of approved towers, up to 30 storeys, are positioned within the precinct of the proposed site,” the application said.
Yuhu Group’s $1 billion luxury Jewel development reached topping out stage in mid-August.
ASF Group’s Australian projects include the “Au” towers in Surfers Paradise and Southport, a 4-star beachfront hotel at Main Beach and the masterplanned three-stage Peninsula Hope Island community.
In London, ASF has proposed the $9 billion Castle Green urban renewal project which, if approved, will include the building of 15,000 dwellings and 370,000sq m of commercial, retail and community buildings.
The tower will cost an estimated $35 million to build and will aim for a 4 Star Green Star rating.
Multi-Million Revamp of Burleigh Beach Pavilion Under Way
Work is under way to restore and future-proof Burleigh’s iconic beachfront pavilion.
The $9 million renovations will extend the second floor dining space further out towards the ocean, effectively doubling the floor space with an extra 150sq m and catering for up to 600 customers.
New owners, Sydney hoteliers Ben May and Robert Magid purchased the Gold Coast’s Burleigh Pavilion back in 2016 for $10.5 million.
The purchase came in the wake of Cyclone Oswald which caused significant damage to the restaurant in 2013.
To future-proof the building, windows will now be able to be detached to allow the sea in, reducing damage to the exterior facade.
Long term tenant Rick Shores are currently undertaking their own renovations with service set to resume towards the end of August.
The refurbished, yet-to-be-named restaurant on the pavilion’s second floor, will be helmed by acclaimed Sydney chef Guillaume Zika.
The developer, May Hotels, have insisted the new venue will be accessible to all and price accessible, with patrons encouraged to “enjoy the best location on the coast in your boardshorts for the cost of a beer or a burger”.
New showers have also been proposed to allow diners arriving right after a surf or a swim.
May Hotel’s portfolio currently includes Manly Wharf Hotel, Mrs Sippy Double Bay, Pier One Sydney Harbour and The Harbour Rocks Hotel as well as The Lindrum Hotel in Melbourne.
Construction is marked for completion December 2018.
Airport space hot property on the Gold Coast
Airport Central is proving a top destination for Gold Coast businesses with a raft of new tenants joining the Gold Coast Airport commercial mix.
Two new tenants have recently taken space at the already bustling precinct, with childcare operator Edge Early Learning and inTechnology Distribution signing up to an area that boasts a university, shops, a petrol station, cafes, tech companies – and a busy aviation business.
Edge Early Learning, which was established in 2017 and already has five centres in Brisbane and another at Pimpama, has taken a 1,686sq m space at Airport Central.
The centre will open later in the year, employing about 30 local staff with capacity for 122 children.
Technology distribution and training company inTechnology Distribution, has taken a five-year lease on a 309sq m space with the ability to quickly move from desk to plane a key attractor.
Owner and tech entrepreneur Mark Winter said his clients could comfortably travel up from Sydney or Melbourne for a business meeting and be onsite at inTechnology a few minutes later, with no car ride needed.
“We’re a global technology distributor, so our clients and staff are frequent travellers,” Mr Winter said.
“From that perspective the airport location was a no-brainer. There are also great accommodation options nearby, for people staying overnight and the proposed Rydges Hotel at the airport will be great for accommodation and entertaining within a short walk from our office.
“The southern Gold Coast is coming into its own, and there is a great commercial mix with good amenity in the airport precinct.”
Edge Early Learning CEO Annie Bryce said the phone had started ringing and emails arriving before the ink dried on the lease.
“We put the feelers out to local businesses – the airport obviously and Southern Cross University, which has a high proportion of mature age students,” she said.
“We saw a gap in the market in that location, and the response confirms there is significant demand on the southern end.”
Queensland Airports Limited Executive General Manager Property and Infrastructure Carl Bruhn said Edge Early Learning an inTechnology had both sought a strategic location in a growing commercial area.
“They are in the heart of the southern Gold Coast, with big businesses and a strong residential catchment on their doorstep,” he said.
“Factoring in other major leasing deals in the pipeline, Airport Central is close to full occupancy.”
Airport Central is owned and occupied by Queensland Airports Limited and sits on 1.78 hectares, with more than 230 car parks. Tenants include Volcom, Freedom Fuel, Subway, Innovation Tank and InTechnology.
Limited office and retail space remains at Airport Central, with leasing rates ranging from $335 to $400/sq m.
About 1,014sq m of a-grade office space is also available in the nearby Ivy Pearce building, which has the Australian Federal Police as a key tenant.
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