Gold Coast’s ‘Star of the Sea’ development opportunity turns heads as market launch looms
By
In a move set to shape the Gold Coast skyline and its investment landscape, ‘Star of the Sea’, a landmark waterfront project, is poised for unveiling next week, accelerating interest with its expressions of interest campaign due Thursday, 14th December 2023 at 3:00pm (AEST). Nestled at 60 Marine Parade, Southport, the site spans 13,785 sqm* and is lauded for its extensive waterfront views stretching from The Spit to the city skyline.
This single-ownership site heralds a multiple-stage lifestyle precinct with the inclusion of the adjoining retail and commercial spaces at 1, 1A & 5 Nerang Street, Southport. ‘Star of the Sea’ has secured preliminary development approval and is designated as a Priority Development Area within the Southport Central Business District by the Queensland Government and Gold Coast City Council.
Canford’s agents, Roland Evans and Angus Cottrell, alongside Cushman & Wakefield’s Brad Hamilton and Josh Cullen, are championing the project that anticipates elevating the Gold Coast’s commercial and tourist profile. With plans for a five-tower master planned precinct soaring up to a stunning 335 metres with possible floor space exceeding 250,000sqm, the project is on track for a rapid approval timeframe of four months.
Roland Evans shared his enthusiasm: “Rarely does a site of this size and location become available as a complete blank canvas. The panoramic views and the surrounding facilities that the end development will experience are unmatched.” Meanwhile, Brad Hamilton noted the strategic significance, saying, “This development is set to become the most iconic site on the Gold Coast. Its strategic location, coupled with the unprecedented support from the Queensland Government and Gold Coast City Council, makes it an unparalleled investment opportunity.”
The project’s versatility in potential developments, ranging from tourism and resort facilities to hotels, residential complexes, and even international conference centres, signifies a robust commitment to meeting a diverse range of community needs.
Gold Coast’s reputation as the “Theme Park Capital of Australia” and its booming economy – flourishing with a $25.2 billion valuation and $13 billion in infrastructure investments – reinforces its standing as the premier investment destination in Australia. ‘Star of the Sea’ not only promises to become an iconic part of this growth but also a beacon of opportunity for high-level investment interests.