The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
FINAL CHANCE TO REGISTER FOR URBANITY-25 JOIN MORE THAN 550 ALREADY ATTENDING
LAST CHANCE TO REGISTER FOR URBANITY 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
4
print
Print
HotelTaryn ParisThu 18 Feb 21

The Star’s 63-Storey Skyscraper Gets Under Way

ca403fe9-e9d0-4487-9816-1e8a440e8cc8

The Star Entertainment Group has broken ground on the second tower at its $2 billion masterplanned site at Broadbeach on the Gold Coast.

The new 63-storey tower will sit on the south east corner of Broadbeach Island, with negotiations under way for management of the hotel.

Queensland Premier Annastacia Palaszczuk said confidence was high in the Queensland construction economy.

The Star Entertainment Group chief executive Matt Bekier said the company had big plans for Queensland, and this project would create 1800 construction jobs.

“We aim to be Australia’s leading integrated resort company and we’re developing properties on the Gold Coast and Brisbane that will be compelling must-see destinations for locals, interstate and international visitors,” Bekier said.

Premier Annastacia Palaszczuk said construction projects were vital to the economic growth and labour market of Queensland.

“To have construction starting on multi-million-dollar developments like this just proves that business confidence on the Coast is strong.

“This is only possible thanks to the way Queenslanders have responded to the coronavirus pandemic,” Palaszczuk said.

This confidence in the Queensland economy is supported by NAB’s consumer anxiety report for the 2020 fourth quarter which showed Queenslanders were the least stressed about the state of the economy. Australians were notably less anxious about the domestic economy in most states, led by Queensland at 59 points out of 100.

Anxiety was highest in New South Wales and the Australian Capital Territory at 57.9, in part likely reflecting the Sydney Covid outbreak in December, and lowest in Queensland at 52.9.

At the end of January the consumer sentiment index had a rise of 1.9 per cent, close to its 10-year-high, according to Westpac economist Bill Evans.

“It’s really important that we have that recovery in consumer sentiment because a big challenge for the Australian economy will come in the March quarter when the JobKeeper package withdrawal by the government,” Evans said.

But Evans said the consumer sentiment index indicated the economy was in good shape to manage the drag of the loss of JobKeeper.

Environment Minister and Member for Gaven Meaghan Scanlon said the project was a shot in the arm for the construction industry and tourism on the booming Gold Coast.

“Our tourism and construction industries are cornerstones of the local economy here on the Coast,” Scanlon said.

HotelAustraliaGold CoastConstructionConstructionSector
AUTHOR
Taryn Paris
More articles by this author
ADVERTISEMENT
TOP STORIES
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
7 Min
Exclusive

Inside the $10m Heritage Refit of Sydney’s $25,000-a-Year Members’ Club

Taryn Paris
4 Min
Kurraba Point 93 Kurraba Road TUD PLUS
Residential

Council Over Court: How HFO Won Rare North Sydney Approval

Vanessa Croll
7 Min
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
View All >
Goldfields Kyneton Central Edgecombe Road precinct rendering
Development

Goldfields Forges Ahead on $150m Kyneton Central Hub

Leon Della Bosca
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
Court Place in the Subi East precinct is set to deliver 447 new homes, including 300 affordable and 147 social homes in a prime location just four kilometres from the Perth CBD.
Community

Providers Selected for Subi, East Freo Housing Projects

Renee McKeown
Top community housing providers will deliver, own and operate two major housing projects near Perth creating 481 apartme…
LATEST
Goldfields Kyneton Central Edgecombe Road precinct rendering
Development

Goldfields Forges Ahead on $150m Kyneton Central Hub

Leon Della Bosca
3 Min
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
7 Min
Court Place in the Subi East precinct is set to deliver 447 new homes, including 300 affordable and 147 social homes in a prime location just four kilometres from the Perth CBD.
Community

Providers Selected for Subi, East Freo Housing Projects

Renee McKeown
3 Min
Development

Zen Group’s West End Towers Greenlit

Taryn Paris
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/star-group-gold-coast-tower