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Gold Coast’s most significant waterfront jewel ‘Star of the Sea’ set to shine

Jess Freeman • 09/11/2023

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The Gold Coast's most eagerly anticipated project on the pristine Broadwater giving breathtaking views over The Spit, Pacific Ocean and city skyline is set to make its mark when it hits the market next week, via expressions of interest campaign closing Thursday, 14th December 2023 at 3:00pm (AEST).

Located at 60 Marine Parade, Southport, with a site area of 13,785 sqm* and boasting freehold single ownership, this multiple-stage lifestyle precinct represents a monumental opportunity for investors.

Also available under the same ownership is the adjoining retail and commercial component at 1, 1A & 5 Nerang Street, Southport.

The Queensland Government and Gold Coast City Council have already granted preliminary development approval, designating it as a Priority Development Area (PDA) within the Southport Central Business District.

This groundbreaking project, represented by Canford’s agents Roland Evans and Angus Cottrell in conjunction with Cushman & Wakefield's agents Brad Hamilton and Josh Cullen is poised to redefine the Gold Coast's commercial and tourist landscape.

The project envisions a transformative space that integrates seamlessly into the picturesque Gold Coast skyline. The development comprises a five-tower master planned precinct (DBI), soaring up to 335 metres (DBI scheme up to 68 levels) with a potential floor space exceeding 250,000sqm. The approval timeframe is set at a swift four months, ensuring expedited progress for this iconic development.

Roland Evans of Canford stated “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.”

Brad Hamilton of Cushman & Wakefield believes “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. Given the weight of capital with appetite for mixed use / living investments, we expect high levels of interest from a multitude of different purchasers.”

“The project's preliminary approval allows for a diverse range of developments, including but not limited to tourism and resort facilities, hotels, various forms of residential complexes, retail precincts, cafes, restaurants, offices, and international conference and exhibition centres. This flexibility underscores the project's commitment to catering to a wide array of community needs” he said.

The Gold Coast, renowned as the 'Theme Park Capital of Australia,' attracts 12 million visitors annually. With a robust economy valued at $25.2 billion, the city has witnessed a staggering $13 billion investment in completed and ongoing infrastructure projects. Boasting 53 km (33 miles) of pristine white beaches, the Gold Coast stands as Australia's number one place to invest.

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