Australia’s Star Entertainment Group has revealed it will fast track development of a fourth tower of The Star Gold Coast as part of the property’s ongoing AU$850 million makeover.
Construction on the tower, set to stand 215 meters tall, will now start in 2020 with apartment pre-sales to begin as early as next month. It will also house a 5-star hotel, restaurants and bars, a day spa and night time entertainment venues.
“This latest hotel tower will further progress the internationally-competitive resort facilities we are offering to domestic and international tourists,” said Star Entertainment Group Managing Director and CEO Matt Bekier.
“If our masterplan is rolled out in full – and there is so much more we would like to deliver – The Star Gold Coast will be the equal of the finest integrated resorts in the world and complement our AU$3.6 billion project at Queen’s Wharf Brisbane.
“Under the right conditions and circumstances, we will operate both properties in tandem as beacons for south-east Queensland, drawing interstate and international visitors to turbo-charge the tourism industry.”
The new tower will be The Star Gold Coast’s second mixed-use hotel and apartment tower after the AU$400 million Dorsett, which broke ground in 2018 and is due for completion by 2022.
Star Entertainment Group recently unveiled its proposed AU$2 billion masterplan for the Gold Coast, including four more hotel towers and associated facilities on Broadbeach island, although that plan might be shelved should the Queensland State Government follow through with its plan to issue a second Gold Coast casino license.
The government last month called for global Registrations of Interest in developing a new casino on the Gold Coast, with the likes of Genting Group, Caesars International and Hard Rock International among the operators said to be interested.