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Star hits the ground running as it kick-starts construction of new hotel

Star

When The Star Entertainment Group said it was fast-tracking a new $400 million, 63-storey tower at the Gold Coast, continuing the massive overhaul of the Broadbeach Island on which the casino sits, they weren’t kidding.

Star and its joint venture partners today broke ground on the new five-star hotel and apartment tower more than a year ahead of schedule and just three weeks after announcing construction would be accelerated to be ready for when international tourism demand returned.

The start of work on the new tower lifts Star’s current investments in south east Queensland to almost $4.5 billion.

The new tower, expected to be operated by the Marriott Group’s premium W Hotel brand, joins the under-construction Dorsett Hotel and the luxury all-suite The Darling hotel to eventually create four hotel options for visitors to the Gold Coast casino resort.

The Star Entertainment Group CEO Matt Bekier said the Gold Coast development would be expanded to the size of Brisbane’s Queen’s Wharf

“That says one thing. It says that we have unbelievable confidence that tourism is going to come back and that Queensland, and particularly south east Queensland will continue to be the engine room of tourism in Australia,” Bekier said.

“That’s why we are betting a lot of money and a lot of our future on these developments.”

Premier Annastacia Palaszczuk said Star’s investment was a vote of confidence in Queensland.

“It’s a vote of confidence in the tourism industry, it’s a vote of confidence in the construction industry, but it’s also a vote of confidence in the people of this state,” she said.

Sydney and Melbourne buyers have dominated pre-sales in the new Gold Coast towers, continuing a trend of interstate migration that is contributing to a construction boom.

Palasszczuk said Queensland had experienced a positive net migration of around 7,000 people between October and December 2020, and expected the domestic trend of people moving north from southern states to continue.

Star Chairman John O’Neill said the past 12 months had been challenging, but Queensland’s smashed tourism industry would recover. “The Gold Coast will remain Australia’s tourism diamond,” O’Neill said.

The Star is also progressing the $3.6 billion Queen’s Wharf development in Brisbane, together with partners Chow Tai Fook and Far East Consortium.

Both major developments are expected to appeal to the Group’s target market, in which they have strategically moved away from the high-roller market to what it refers to as “premium mass” business.

No integrated resort in Australia currently boasts four hotels.

The Star Gold Coast and Queen’s Wharf Brisbane will reach that landmark once the current under-construction hotels are completed in 2024.

However, the Gold Coast has the capacity for another three hotels, taking it to a total of seven, under its masterplan approved by the State Government in 2018.

 

Article Source: inqld.com.au

Developments

Why downsizers and owner-occupiers have descended on Aniko Group’s No.1 Grant Avenue on Hope Island

aniko

Aniko Group, led by managing director George Mastrocostas, have fast-tracked construction for stage two of their $140 million No.1 Grant Avenue project, having secured more than 70 per cent of sales

The Broadbeach-based development firm Aniko Group has unveiled further plans for its grand Hope Island community on the Gold Coast.

Aniko Group, led by managing director George Mastrocostas, have fast-tracked construction for stage two of their $140 million No.1 Grant Avenue project, having secured more than 70 per cent of sales across the project.

Stage two of the development will feature 105 two, two plus study and three-bedroom apartments with a range of bridge free marina berths available along the Hope Island canal. Aniko also responded to the COVID-19 pandemic by creating a “post-pandemic” office precinct for those wanting to work remotely.

Fitness guru Michelle Bridges is designing the health club as part of the second stage, where they will also be a children’s play centre, theatre, residents lounge and outdoor cooking and dining facilities.

Mastrocostas said that the rapid sell-out of stage one gave them the confidence to fast-track the launch of stage two.

“To have achieved such exceptional sales and demand for our projects during a year that was filled with a lot of uncertainty is a testament to the quality offering we have brought to market,” said Mr Mastrocostas.

“The market has remained exceptionally strong during Covid and buyers who missed out on securing an apartment in stage one have already purchased within stage two.”

Part of the precinct will be No.35 Grant Avenue, with its apartments inspired by designs from New York.

The downsizer and owner-occupier market have been particularly interested in the development which allows them to downsize while still remaining in the area.

“There’s no doubt that the Gold Coast is one of the hotspots for residential property and with great lending conditions we are certainly seeing buyers transitioning into their next investment journey whether it is as an owner occupier or investor.”

“With the recent border re-openings, we expect to see an increasing number of southern buyers purchasing in the project and we look forward to meeting the buyers who purchased in stage one, sight unseen, who haven’t been able to see their apartments until now.”

 

Article Source: www.urban.com.au

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Developments

Eight reasons Palm Beach apartment development Cabana should be on your shortlist

Cabana

Ignite Projects are behind Cabana at 1 Nineteenth Avenue. They had Plus Architecture design the luxury tower.

Cabana, the new luxury development at Palm Beach, has seen soaring levels of interest since its launch just a few months ago.

And the sale of 23 of its 34 apartments, secured within two weeks of the project hitting the market, has seen construction of the six level absolute beachfront block fast-tracked. Construction will now begin in June, with a late 2022 completion date.

Ignite Projects are behind Cabana at 1 Nineteenth Avenue. They had Plus Architecture design the luxury tower.

Urban has taken a look at the eight reasons why Cabana should be on your short list.

Cabana

1. The onsite beach club

It would be remiss not to start with the unique onsite beach club Cabana is planning on its lower level.

The resort-style beach club facing the beach was a key feature in the design of Cabana. There will be a number of day beds on and off the water, and cabana’s on the private lawn.

Cabana

2. The location

Cabana is located directly in front of the recently completed Artificial Reef, a surfers dream. Cabana has also catered for the surfers in its amenities, with a number of surfers racks and storage for residents.

It sits between Tallebudgera and Currumbin Creeks and is a stone’s throw from Burleigh. There’s a number of trendy bars, beachfront cafes and eateries nearby, as well as boutique shopping venues and entertainment precincts.

Cabana

3. There are just 34 apartments

The six level block is home to just 34 premium apartments, which is likely to see a push to owner-occupiers rather than investors seeking holiday rental returns.

The smaller units creates a stronger sense of a neighbourhood community, and quieter communal areas.

4. All apartments have at least three bedrooms

Cabana is targeting the downsizer market, where there’s a lack of supply across the Gold Coast.

Agents in the neighbouring Burleigh Heads are saying the supply lines for three bedroom apartments are at a critical stage, with a number of buyers seeking a less demanding lifestyle by the beach.

Each of Cabana’s apartments span at least 200 sqm and have three bedrooms, two bathrooms and two parking spaces.

5. The design

Plus Architecture have ensured Cabana blends organically into its pristine coastal environment.

Fluted concrete, floor-to-ceiling glazing and detailed screening lend a classical tranquility to the building, while maintaining an absolute connection with the spectacular ocean views.

With a definitive nod to a tropical Palm Springs beach house, Cabana’s design merges seaside relaxation with elevated luxury.

The elevated tower form creates a rhythmic, organic shape that’s sturdy but delicate, reminiscent of the sweeping and rocky formations along the headlands that define the Gold Coast.

6. An entertainer haven

The kitchen has been planned to be the social focal point of the apartment with an extra-wise island bench and first class fittings.

Designed not to follow trends, but to set them, the kitchen is an opulent combination of modern and classic elements.

Each kitchen features VZUG appliances, Phoenix tapware, panelled doors, and natural stone benchtops and splashback.

7. The master bedroom view

Cabana

The master bedroom has been designed to take in the views just as much as the open plan living spaces. The floor-to-ceiling glass doors capture the natural light and cooling sea breezes, and open to a private balcony with glass balustrading.

8. The master bedroom ensuite

Each master suite has its own walk-in-robe and ensuite which feature large-format white wall tiles and a feature wall of Japanese mosaic tiles. An aqua-coloured natural stone bench top, limestone-look flooring and Phoenix tapware complete the ensuite.

Each will also have a freestanding stone bath, floating vanities and a large open shower.

Cabana

 

Article Source: www.urban.com.au

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Developments

Dawn Edition terraces launched as part of Helensvale’s $500 million The Surrounds community

The three and four bedroom terraces will each have two bathrooms, two car spaces and their own private courtyards.

A collection of 54 terrace homes, dubbed the Dawn Edition, have hit the market.

The $30 million development, a collaboration between Villawood Properties and Azure Development, is part of the wider $500 million community The Surrounds.

The three and four bedroom terraces will each have two bathrooms, two car spaces and their own private courtyards.

Dawn Edition terraces

The terraces start from $499,900. There are four floorplans on offer, ranging in size from 171 to 301 sqm.

Residents of the gated community will have access to 23 hectares of open spaces and parks designed for outdoor play, sports, and time with the family.

Dawn Edition terraces

The terraces are located right near the $4 million leisure centre which has a heated lap pool, a fully equipped gym, private multi-purpose room, change facilities and a cafe.

Azure Development director Trent Keirnan said they have designed each terrace to be built for life, from their minimalistic exteriors to stylish entryways and spacious interiors.

Villawood Properties state development manager Michael Williams said the convenient location, appealing designs and affordable pricing of the terrace homes would appeal to a range of buyers looking to get their foot on the Gold Coast property ladder.

“Every one of these homes has been designed from the ground up with the modern buyer in mind,” Mr Williams said.

“They are high-quality and low maintenance, which makes them ideal for a range of buyers including busy families, young couples and retirees.

“The terraces further compliment the unique offering we have here at The Surrounds and are an ideal solution for buyers either looking to upsize from an apartment or downsize from a big home.”

The project is located within five minutes’ walk to the Westfield Helensvale and Helensvale Train Station with easy access to the Northern Gold Coast beaches via the pacific Motorway.

 

Article Source: www.urban.com.au

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