The Star Gold Coast launches second residential tower

The Star Gold Coast launches second residential tower
Staff reporterDecember 7, 2020

The Star Gold Coast, located on Broadbeach Island, is expanding with developers fast-tracking the residential sales launch of its second mixed-use tower.  

The 63-storey, $500 million development will feature 457 residential apartments, 210 five-star hotel rooms and an array of world-class amenities. 

The second tower is the highly anticipated next stage of The Star Gold Coast’s multi-billion-dollar transformation of Broadbeach Island, following the start of construction on the first mixed-use tower, featuring the Dorsett hotel and a residential component known as ‘The Star Residences Gold Coast’. 

The first tower, which began construction in November 2018, comprises 423 residential apartments and is now 92% sold out – making it the fastest-selling residential project in Queensland since launching 19 months ago.  

The two mixed-use towers are being delivered by the same partners building the $3.6 billion Queen’s Wharf Brisbane integrated resort development in Brisbane’s CBD. 

This consortium – comprised of The Star Entertainment Group, Far East Consortium, and Chow Tai Fook Enterprises Limited – has a combined portfolio of more than $6 billion in projects currently planned or underway within Australia. 

Far East Consortium is also spearheading the $2.4 billion West Side Place mixed-use development in Melbourne, delivering 2600 apartments across four towers with the first two towers almost sold out.

Construction of its first tower is underway with the second set to commence next month, following the recent award of its $660 million construction contract.  

Far East Consortium National Sales and Marketing Manager Lauren Sheldon said the decision to fast-track the sales launch of tower two is testament to the demand for real estate on Broadbeach Island, and a vote of confidence in the Gold Coast market. 

"Our consortium aims to invest – through The Star Gold Coast masterplan – an additional $2 billion-plus into embedding the complex and Broadbeach Island as one of the southern hemisphere's largest tourism, entertainment, and lifestyle precinct, and it is clear from the residential sales success of the first tower that buyers are on board with this vision," Sheldon said. 

"The Gold Coast is ripe for this type of development activity, supported by $13 billion in major infrastructure projects recently completed, planned, or underway in the city.  

"We're releasing the second tower to the market, with construction expected to commence in mid-2020 and completion anticipated about 2024.  

"We are confident its high-end residential appeal, premium amenity, and enviable location within the integrated resort development will be extremely attractive to prospective purchasers." 

The latest tower will feature one, two, and three-bedroom residential apartments across the upper 43 levels including an exclusive two-level resident-only recreation deck boasting a sun lounge and yoga deck; a 23.5 metre lap pool; barbeque areas; sauna and steam room; space for a kids’ club; a gymnasium; and private dining rooms. 

One-bedroom apartments, ranging in size from 55 square metres to 64 square metres, will be priced from $486,000.

Two-bedroom apartments, ranging from 71 square metres to 106 square metres, will be priced from $692,000.

Three-bedroom apartments, ranging from 112 square metres to 168 square metres, will be priced from $1,295,000.

Residents will be able to choose from two different apartment colour schemes and each residence is designed to maximise views and coastal breezes.  

The Star Entertainment Group Managing Director and CEO Matt Bekier said the new tower’s hotel and lifestyle offering will further underpin Broadbeach Island as a world-class tourism, leisure, and entertainment destination for visitors to the Gold Coast. 

"Through the latest tower, The Star Gold Coast will offer four hotels on Broadbeach Island – more hotels than any other integrated resort in Australia,” Bekier said. 

“The new five-star hotel will feature 210 rooms and will take the overall hotel accommodation supply on Broadbeach Island to almost 1200 rooms and suites across the four hotels.  

"Starting from level seven and spanning 12 levels, the new hotel will sit above a six-level podium featuring an active retail concourse, and will provide direct connectivity to The Star Gold Coast's other hotel and residential offerings. 

"The second tower’s retail offerings, when combined with tower one, will feature more than 12,050 square metres of retail and resort amenities.  

"These amenities include one of the southern hemisphere's most luxurious day spas and wellness centres; a cafe and wine bar with views to Broadbeach and Coolangatta; an exciting nightlife venue; and speciality lifestyle services including a boutique hair and nail salon, floral services, and a fine food market.”  

An additional sub-tropical recreation deck for use by residents and visitors will connect to The Star Gold Coast, and is designed to create a world-class rooftop experience. 

A large lagoon pool, sundecks, private cabanas, alfresco dining areas, plazas, waterplay, subtropical gardens, function lawns, and outdoor spaces will bring the iconic landmark to life. 

The Star Gold Coast launches second residential tower

Sheldon said while residents will be able to enjoy living within an integrated resort, the apartments are designed for privacy and seclusion. 

"Residents can choose to immerse themselves in the plentiful opportunities that come with living in an iconic lifestyle destination – or they can enjoy the quiet, private, and secluded environment also on offer. They really do get the best of both worlds," Sheldon said.  

"The residents-only recreation area has been carefully designed to provide seclusion, comfort, and functionality by combining intimate spaces within a lush, subtropical garden setting that offers 360-degree views of the Gold Coast skyline. The dedicated lobby and lifts will allow residents to feel like they have own private retreat in the sky. 

"The latest tower will be the pinnacle of luxury integrated resort living on the Gold Coast. With its enviable location and connectivity to the G:Link Light Rail, designer shopping at Pacific Fair, and proximity to all the action and major events at the adjacent Gold Coast Convention and Exhibition Centre, we are expecting solid interest from owner-occupiers and investors from the Gold Coast, interstate, and internationally."

The latest tower will be positioned south of the Dorsett hotel and The Star Residences Gold Coast apartments tower currently under construction, and will provide hundreds of car parks. Dedicated bicycle spaces will also be available for residents. 

In addition to the construction of the Dorsett hotel and The Star Residences Gold Coast apartments tower, The Star Gold Coast’s transformation to date includes a refurbishment of The Star Grand’s 596 hotel rooms; the opening of a new luxury 56-suite hotel, The Darling; 12 new food and beverage experiences; a new day spa and fitness centre, Azure Spa & Fitness; and additional meeting room space and refreshed conference facilities in the Event Centre.  

A further three towers are planned as part of The Star Gold Coast’s approved $2-billion-plus masterplan for Broadbeach Island.

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