A PROPOSED multi-billion dollar Master Plan for The Star Entertainment Group's Jupiters property on the Gold Coast will further boost Queensland tourism and create thousands of new jobs, Queensland Premier Annastacia Palaszczuk said last week.
The Premier said the Master Plan, which is being released for public consultation, includes up to five hotel and/or apartment buildings, a recreational deck, gardens, pools and spa, new entertainment facilities and improved connections to Broadbeach and Pacific Fair.
The Master Plan proposal builds on Jupiters' existing $345 million refurbishment and construction of a new six star all-suite hotel completed in time for the Gold Coast 2018 Commonwealth Games.
The Star Entertainment Group is currently running a community information program about its current application to include apartments at Jupiters, within a proposed new 700-room hotel and residential tower, which would take the investment in the redevelopment at Jupiters to up to $850 million.
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 Star Entertainment Group, with its Hong Kong-based partners Far East Consortium and Chow Tai Fook Enterprises, will also deliver Queensland's first integrated resort development at Queen's Wharf Brisbane, a $3 billion project that will be operational by 2022.