Star in burst of Broadie activity

STAR Gold Coast today launches 457 residential apartments for sale in a new fasttracked Broadbeach tower as debate about a rival global tourism hub heats up.

Star brought forward construction by 12 months of its fourth Broadbeach Island resort building, with work on the 63-storey, 215m highrise starting next year.

It is also fast-tracking presales of one-, two- and threebedroom apartments, which will occupy the upper 43 levels, and has built a replica apartment on site as a showcase.

The flurry of activity comes after a gaming industry source last month said Star’s fasttracked fourth building would challenge any incoming rival to wonder “is there room”?

One-bedroom apartments, ranging from 55sq m to 64sq m, will be priced from $486,000. Two-bedroom apartments, at 71sqm to 106sqm, will start at $692,000 and three-bedroom apartments, from 112sq m to 168sq m, will cost from $1.295 million.

A resident-only two-level recreation deck will have a sun lounge and yoga space, lap pool, barbecue areas, sauna room, kids’ club and gym.

Star Gold Coast, consisting of the original Star Grand hotel, Darling suite hotel and under-construction Dorsett Hotel, has a $2 billion site masterplan with a vision for seven towers in total.

The $500 million fourth tower’s pre-sales launch comes after Star sold 92 per cent of 423 apartments in the Dorsett tower, which started construction in November last year.

One of Star’s fourth tower partners is Far East Consortium, whose national sales manager Lauren Sheldon said fasttracking sales was a vote of confidence in the Coast market.

“Our consortium aims to invest an additional $2 billionplus into embedding the complex and Broadbeach Island as one of the Southern Hemisphere’s largest tourism, entertainment and lifestyle precincts, and it is clear from the residential sales success of the first tower that buyers are on board with this vision,” Mrs Sheldon said.

Star Entertainment Group CEO Matt Bekier said the new tower would underpin Broadbeach Island as a world-class entertainment destination.

“Star Gold Coast will offer four hotels – more hotels than any other integrated resort in Australia,” Mr Bekier said.

The hotel’s 210 rooms take supply on site to 1200.