The Gold Coast is set for a major boost of some $6 billion dollars in infrastructure and development projects including major transportation infrastructure, an integrated health and knowledge precinct, world-class sporting infrastructure, revitalisation of the CBD, development of iconic parklands and a new cultural precinct with developers making big plays in one of Australia’s fastest growing cities.
Expert economists expect that by the mid-21st Century, the Gold Coast is projected to be home to over 1.2 million residents as well as welcoming an even greater number of tourists annually.
The new developments are proposed throughout the broader Gold Coast region as well as taking in renowned suburbs Broadbeach, Surfers Paradise and Southport and are set to create over 15,000 construction jobs – giving the local economy a substantial boost.
The city, including businesses, construction industry figures and the tourism industry are heavily relaying on the projects to come to fruition as fear rises of a major economic downturn following the completion of the Commonwealth games in April 2018.
One of the major proposed projects consists of three, sixty storey supertowers located on the former historic Catholic convent which will be redeveloped into a substantial hotel, residential and retail precinct with picture-perfect views of Broadwater.
Although the towers are expected to overshadow several existing buildings in Southport, upon completion the development is expected to exceed over $1 billion dollars and boost local trade across the broader metropolitan area.
Other exciting proposed development projects include:
94-storey supertower proposed for Broadbeach
The project, by Chinese developer Royal Duke Pty Ltd, is earmarked for a 1518 sqm site on Mary St bordering Broadbeach State School. The project includes 500 apartments with 1056 rooms.
While it would be taller than the 78-storey Q1, it would still fall at least nine storeys short of the proposed 103-level, $1.3 billion Orion towers planned for Surfers Paradise.
Orion’s $1.3 billion plans, currently before Gold Coast City Council, include two supertowers rising 103 and 76 storeys.
If built, the larger tower would overtake the Q1 as the tallest building in the Southern Hemisphere.
Controversial 88-storey tower for Surfers Paradise
The site was originally approved by council in 2015, however was subsequently overturned after an appeal from neighbouring residents.
The tower was originally planned to comprise 693 luxury apartments, three separate recreation areas and, over spread across three podiums, the most upscale shopping and restaurant experience offered anywhere in the world.
The conglomerate, Forise Holdings, has now gone back to the drawing board to achieve a suitable outcome for the 3500-square-metre development site that was purchased for $65 million.
The Gold Coast continue to pump resources and capital into the expanding city with a $200 million-dollar airport makeover which includes extensions to the airport terminal and air bridges.
A $345 million redevelopment of the Jupiter’s Casino is pushing ahead with significant progress being made over the past six months, with a new 17-storey hotel set to be fully operational ahead of the 2018 Commonwealth Games.
The new luxury tower, which is the first six-star hotel to be built on the Gold Coast in more than 15 years, is set to offer guests new levels of luxury and assist in driving broader domestic and international appeal.