The Star Entertainment Group’s (ASX: SGR) $400 million tower, home to The Star Residences apartments and the Dorsett hotel, has topped out today at 53 storeys.
The building, which was completed ahead of schedule after just over three years of construction, will open in early 2022.
It is the first of two landmark Gold Coast projects being undertaken by The Star Entertainment Group and its consortium partners Chow Tai Fook Enterprises and Far East Consortium who are also developing the $3.6 billion Queen’s Wharf Brisbane.
The 178 metre-tall tower will stand alongside the existing The Star Grand hotel and the luxury all-suite hotel The Darling, creating two new accommodation options for visitors to the Gold Coast.
Chief operating officer at The Star Gold Coast Jess Mellor said the new tower stands as a beacon of confidence in Queensland’s tourism fightback.
“It’s a thrill to have reached the top, after watching the tower rise over the past three years,” Mellor said.
“It’s 53 storeys of proof of our commitment and contribution to the tourism resilience of the Gold Coast."
The milestone comes after The Star Entertainment Group confirmed another $400 million development project for the Gold Coast earlier this year.
The latest addition to The Star Gold Coast will be a 63-storey mixed-use tower to include an internationally recognised five-star hotel brand.
That second tower will join the now-constructed building which features 422 one and two-bedroom apartments rising from the 21st floor above the residential amenities and 313 room Dorsett hotel.
In addition, a six-level podium structure will house the Dorsett hotel reception and lobby, The Star Residences lobby, and a new dining offering and boardwalk, which will connect the tower to The Star Grand.
Destination Gold Coast consortium project director Jamie Cali said it was rewarding to lead the project on behalf of the joint venture partners.
“Three years ago, when we started construction, there was no indication a global pandemic was around the corner, so to be able to reach this milestone on time and on budget is thanks to all the hard-working people involved,” Cali said.
“We have also been able to maintain targets by using local south-east Queensland and Australian manufacturers and suppliers wherever possible to reduce the risk of supply chain issues.”
Work is still to be completed on the tower’s internal and operational fit-outs ahead of the tower’s 2022 launch.
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