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THE Star Gold Coast became a double construction site with building starting on a $400 million, 63-storey tower on Broadbeach Island on Friday.
Work on the new tower starts as the adjacent Dorsett passes the halfway mark at 33 storeys, with a new floor added almost every week as it approaches its 53-floor pinnacle.
Turning the sod on the new tower, Premier Annastacia Palaszczuk said the projects would help cater for a mass migration to Queensland that saw 7000 new residents move here in the December quarter alone.
“Can you blame them? There is no better place,” she said.
“The investment of Star on the Gold Coast is absolutely changing the landscape here. More towers means more jobs.”
The Star Entertainment Group sod turning ceremony at their new development site at Broadbeach. Gaven MP Meghan Scanlon, Star Chairman John O’Neill, Premier Annastacia Palaszczuk, and Star CEO Matt Bekier, turn the sod. Picture: Glenn Hampson
Star Group chairman John O’Neill, who is also chairman of Queensland Airports Ltd, and the development joint ventures Destination Brisbane and the Destination Gold Coast Consortium, said progress on the Gold Coast was great cause for optimism after a tough year.
“It was only five years ago we only had one hotel here, and a property that was undergoing a much-needed refurbishment,” he said.
“There had been no money spent on the old Jupiters in 35 years.
“Today we stand here ready to break ground on a 63-storey tower here on the Gold Coast.”
Mr O’Neill all but confirmed the Bulletin’s revelation the tower was likely to house Marriott brand W Hotel.
“It’s a tower that will house a core hotel – there’s speculation in the Gold Coast Bulletin today that hotel may be the W.
“I’ve never argued with the Bully, I’m not going to start now and they might well be right – it could be the W,” he said.
“In the past handful of years we have built and now operate the Darling, the Dorsett hotel and apartment tower. It’s up to 33 storeys and has 22 to go.
“It certainly says we are committed to the Gold Coast and we are committed to Queensland.
“We remain confident about the future and the tourism industry will recover.
“It’s been hammered, it’s been smashed, but it will recover, and the Gold Coast will remain Australia’s tourism diamond.”
Mr O’Neill said The Star and its partners had committed around $5 billion to tourism and entertainment infrastructure in five years.
“The best is yet to come.”
Source: Gold Coast Bulletin