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A luxury development for the Southport Spit on the Gold Coast worth almost $94 million has been revealed including apartments, retail, public spaces and a 52-berth marina.
The proposal was put forward by Queensland-based property group Gordon Corporation, and is expected to support more than 400 new jobs at the Southport Spit.
Queensland Deputy Premier and State Development Minister Steven Miles said the selection of the proposal was part of an expression of interest process for the Village Centre South project, forming part of The Spit Master Plan.
"After a rigorous process, the successful project is a $93.6 million development, including 47 luxury apartments, retail and public spaces," Miles said.
"The proposal also includes a 52-berth marina that includes three superyacht berths.
"Gordon Corporation, the successful proponent, estimates the project will support more than 300 jobs during its two-year construction phase and more than 100 jobs when fully operating."
While the complex will only be three stories tall, it will house 47 luxury apartments in addition to retail amenities and other public spaces.
Member for Gaven Meaghan Scanlon said the Village Centre South project was the first development site to be released in decades on The Spit.
"As we recover from the COVID-19 pandemic, building infrastructure and partnering with the private sector is essential," Scanlon said.
"This project will provide a $94 million injection into the economy, create jobs in construction and ongoing hospitality and operational jobs."
The development will support and complement The Spit's offering to tourists and locals alike, with a shared pathway between Seaworld and Doug Jennings Park, Moondarewa Spit Foreshore, the Seaway Promenade and pontoon and jetty in Marine Stadium to be built.
Gordon Corporation is a Queensland-based company with more than 30 years' experience in delivering residential, commercial, and mixed-use projects.
"As a Gold Coast-based company, we are very excited about the prospect of working with the State Government to realise our proposed project, being the first new development in many years on The Spit," Gordon Corporation director Tim Gordon said.
Construction on the Village Centre South project is expected to commence next year and finish late-2023.
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