Southport Super Towers to Inject Billions Into Economy After Council Approves Projects
TWO highrise developments expected to bring more than $1 billion into the Gold Coast’s economy have been given clearance by Gold Coast City Council.
The Star of the Sea development and a multistage Meron St project previously known as Imperial City have both been given preliminary approval.
Developers behind both projects have been notified, allowing them to progress to the next stage of submitting detailed plans for their sites before construction.
Because both fall within the Southport Priority Development Area, approval can be granted by the council under delegated authority without requiring a vote by the city planning committee.
The multimillion-dollar Star of the Sea project is expected to become a resort and lifestyle precinct and has been proposed by Huixin Real Estate Group, through Australian arm Garuda GC.
The developer paid benevolent Catholic order the Sisters of Mercy $27 million for the 1.5ha site this year.
While the final designs for both projects are yet to be determined, one artist’s impression put forward by Garuda to the council shows Star of the Sea, a former Catholic convent, transformed into a multi-tower precinct.
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ANDREW POTTS COUNCIL REPORTER GOLD COAST BULLETIN NOVEMBER 25, 2014 12:00AM Click Here to Access this Hotspot and many more..
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