The 103-storey Orion Tower project in Surfers Paradise has received conditional development approval from the City Planning Committee.
Full council will meet next week to ratify the committee’s recommendation.
Once complete, the project will comprise two super-slender towers, the tallest of which tops 103 stories and measures 328 metres, including an international hotel, retail and residential components.
CRA Group Development Manager Chris Alston said the approval secured the next stages of planning, and the project is set to become a major investment in the city post-Commonwealth Games that will create long-term employment opportunities.
Developer Dreams Of Giving Gold Coast Tallest Tower Yet]“This $1.2 billion project will create over 1,700 jobs and contribute over $540 million to the local economy in the construction phase followed by at least $20 million each year once construction is complete,” Mr Alston said.
“It will also help ease the lack of supply of Surfers Paradise product in the apartment and hotel market, and while built to the highest level of luxury standards, it will still be value buying compared to the Sydney market."
The project will be developed by Melbourne based Orion International Group, making Orion Towers the company’s first foray into the Queensland property market.
The towers were expected to take 10 years to fully develop.
The two towers will be linked at the podium levels by a prominent and elevated curved bridge known as the ‘curious ring’, featuring a large LED matrix screen on the underside of the bridge displaying information such as time, weather and community event details.
“The vision is for Orion Towers to become a new ‘meeting place’ with the centerpiece a modern interpretation of a town square clock-tower,” Mr Alston said.
$25 Million Deal Brings Orion Towers Reality One Step Closer]“It will be a vibrant, active street-scape along Surfers Paradise Boulevard that will complement the light rail corridor and provide dining and retail facilities for the benefit of occupants and visitors alike.”
The 76-storey Tower 1 measures 247 metres; its penthouse sits at a higher elevation than the highest residential floor in nearby Q1.
Tower two, a literal ‘skyscraper’, tops out just a few feet below the Civil Aviation Safety Authority’s height limit that keeps buildings out of flight paths and will include a 680 square metre full floor penthouse on level 100 and a signature restaurant on level 101 with ground floor concierge and private lift access.
Both towers combined will house 1,127 apartments, including a 165 room 5-star hotel with an international expression of interest campaign for the hotel’s management to commence shortly.
Orion Towers features a series of revolutionary design inclusions, such as: