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$1bn jewel resort approved in Surfers Paradise

On Sep 06 2012
Tagged as:
  • QLD


A billion-dollar resort development earmarked for Surfers Paradise may attract the interest of ...

A billion-dollar resort development earmarked for Surfers Paradise may attract the interest of commercial property investors after the project was given the green-light today (September 6).

State deputy premier Jeff Seeney said the Jewel resort development would boost the local economy, creating business opportunities for local operators.

"The establishment of a new hotel resort and residential apartments will be welcomed by the Surfers Paradise construction and tourism industries," Mr Seeney explained.

The project may attract commercial property investment in the area, with thousands of jobs expected to be created by the
development, which will grow the already thriving tourism region.

"There is a billion dollar investment at stake here and more than 3,000 jobs were riding on the outcome - the jobs of the 2,500 construction workers and the 670 hospitality staff and other workers who will build, operate and occupy this development," Mr Seeney said.

The development will comprise of three high-rise buildings, including a resort hotel, office and retail space and residential apartments.

Approval of the Jewel resort was granted with 124 conditions, including sustainability aspects, as well as ensuring minimum noise and privacy impacts on surrounding neighbours.