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Gold Coast Development: New Details of Paradise Centre’s $30m Redevelopment Plans Revealed

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  • Post published:February 2, 2021
  • Post category:News

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THE first detailed plans for the $30 million redevelopment of the Paradise Centre have been filed with the Gold Coast City Council.

Work is expected to begin later this year. It will include transforming the existing beachfront,a dubbed an “eyesore” by city leaders, into a new dining and shopping precinct.

New plans filed by site leaseholder Challenger Group reveal many of the proposed tenancies for the extended area have been reconfigured to “improve pedestrian thoroughfare and consolidate tenancy layouts in an orderly and more visually appealing manner”.

Proposed timber framing as part of the facade and cladding have been dropped and replaced with metal to reduce the risk of being a fire hazard.

The council is expected to give the minor changes a green light before work begins on the two-year construction project.

Changes have been made to the proposed redevelopment.Changes have been made to the proposed redevelopment.

The existing area which fronts The Esplanade will be demolished to make way for a public plaza and “world-class” dining precinct.

The council controversially voted in October last year to grant a new lease to the site’s owners which will expire in 2050.

Work is expected to begin later this year.Work is expected to begin later this year.

It replaces the previous lease that was to expire in 2031.

To honour the new lease, the beachfront area must be demolished and work begun on a new public plaza and dining precinct within a year of the new lease being signed.

The site’s owner has two years to finish the project and is required to give the precinct a facelift every 10 years.

Council’s rent will dramatically increase from $26,000 to $420,000 annually.

Source: Gold Coast Bulletin