ECONOMIC SPIN-OFFS IN $500M SOUTHPORT PROJECT
CONSTRUCTION of the $500 million village on the former Southport hospital site is being spruiked as a driver for the economy postCommonwealth Games.
Brisbane-based developer Property Solutions officially launched their plans for Queen Street Village yesterday but stage one won’t kick off until after the Games have ended.
The development is earmarked for a 3.2ha area bound by Queen St, Nerang St and Little High St.
The site will be transformed into a village featuring medium-rise residential towers, a boutique hotel tower, commercial office space, medical centre, retail and restaurant precincts as well as a cinema complex.
Southport MP Rob Molhoek said Southport was the ideal place for the development.
“More than 19 per cent of all jobs on the Gold Coast are in Southport and when the Commonwealth Games ends this new attraction will play an important part to our economy,” he said.
Property Solutions financial controller Alex Crooke said construction of Queen Street Village will begin after the Commonwealth Games.
“We are not looking to build tall buildings that are 60-storeys high, instead we are looking at catering for the community and … that will take time,” Mr Crooke said.
“We’ve got a love for rebuilding parts of the city like Southport which are crying out for new developments.”
Stage one will include a 19-level building with apartments ranging from one to three bedrooms, with a retail piazza on the ground level.
Property Solutions sales and marketing director Craig Wright said the project would stimulate the building industry and job market for years to come.
The project, which will be released in three stages and is expected to take up to eight years to complete, has yet to receive council approval.