The Star Entertainment Group has unveiled a master plan of potential future developments for its Jupiters property.
A community information sessions will be held about a proposed new 200 metre hotel and apartment tower, construction of which could commence in 2017, and would take the current $345 million redevelopment at Jupiters to a potential mega-investment worth up to $850 million.
“This level of investment from The Star shows the confidence in our city and the broader south east Queensland region,” said Mayor of the City of Gold Coast Tom Tate.
“It is a long-term vision and one we support as the Gold Coast matures into one of the most dynamic regional cities in the Southern Hemisphere. Residents, domestic and international visitors will enjoy incredible facilities and entertainment in this integrated resort as it evolves over the years,” he said.
The Star Entertainment Group Managing Director and CEO Matt Bekier said, “Our aim is to be Australia’s leading integrated resort company and our plans for the Gold Coast are a significant part of that vision.
“This proposed master plan concept is about building on the exciting tourism forecasts we are seeing for the Gold Coast, with much-needed new infrastructure to deliver an international world-class integrated resort on the coast without the need for any additional poker machines,” he said.
Construction of the proposed new tower could start in 2017 and would be located on the ocean side of the existing property. The 700-room hotel and apartment tower would take the property’s overall accommodation supply to almost 1400 keys, creating a large-scale development on the Gold Coast for maximising tourism opportunities.
The exciting potential for the Gold Coast property builds on the existing $345 million project currently underway. This includes a full refurbishment of its almost 600 rooms and the construction of a six-star 17-storey all-suite tower at the front of the property.
The community information program will run from 16 May to 9 June, and will consist of newsletters to nearby businesses and residents, an online survey and community drop-in sessions on 28 May.