The $1 billion Jewel development in Surfers Paradise has finally been given approval after deputy premier Jeff Seeney gave the go-ahead for on the proviso the six-star hotel component of the three-tower development be built first.
Mr Seeney said, “There is a billion-dollar investment at stake here and more than 3000 jobs were riding on the outcome – the jobs of the 2500 construction workers and the 670 hospitality staff and other workers who will build, operate and occupy this development.”
Chinese developer, The Ridong Group, still has to appoint a hotel operator and finalise design details.
Mr Seeney took control of the approval process under the Sustainable Planning Act in July when legal action threatened to stall the Old Burleigh Rd development. The Gold Coast City Council had already approved the project.
The Ridong Group’s CEO Steven Haggart said there was still at least eight months work before the market could be tested.
Situated on Old Burleigh Rd, the proposed development consists of three high-rise buildings including a resort hotel, apartments, office and some retail.
Jewel’s northern tower will have 215 luxury apartments over 41 levels; the central tower will be a six star hotel with 300 suites and apartments over 45 levels; and the beachfront tower will have 108 premium residences over 35 levels. There will also be office and retail space and an array of resort facilities.
The minister’s decision cannot be appealed in the Planning and Environment Court.
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