ASF has unveiled its latest concept plan to deliver a new world-class coastal icon earmarked to become the largest tourism project on the Gold Coast in decades.
The multi-billion dollar Integrated Resort Development will include a new casino, three branded five and six star hotels, signature restaurants, theatres, shows and entertainment, luxury and boutique retail precincts, serviced residences and meeting and conference facilities.
ASF Director Louis Chien says the project will invest $3 billion into the Gold Coast, create an estimated 10,000 jobs and attract a projected 1.5 million additional tourists to the Gold Coast each year.
- A newly accessible water’s edge, a new boating destination and an area for water events and performances
- A new casino with a variety of gaming options
- Luxury and boutique retail
- Signature restaurants
- Three branded five and six star luxury hotels
- Entertainment precincts primed for theatre performances and live entertainment
- Serviced apartments
- Pools and fitness facilities
- Meeting and convention facilities
- ‘Australia’s most comprehensive health and Medi-Spa’
- A 1200-seat Broadwater amphitheatre
- Possible new bridge to Southport
- A beach club
- A marina
- Protection of the spit
ASF Consortia has reportedly been in talks with James Packer’s Crown Resorts which is expected to be the operator of the casino component.
Integrated Resort Comparison
South East Queensland now has two international-scale integrated resort developments. In terms of how the new Gold Coast Integrated Resort shapes up against Brisbane’s Queens Wharf, see compiled list of key features below.
- Expected final spend: $3 billion
- Consortium team: Star Entertainment Group, Chow Tai Fook, Far East Consortium
- Public realm improvements: 100m high public skydeck, foreshore redevelopment, plaza redevelopments, possible new theatre, restoration and repurposing of seven heritage buildings
- Infrastructure: Pedestrian bridge to South Bank,
- Casino operator: Star Entertainment
- Number of new hotels: 5
- Retail: Underground retail arcade, Treasury Building conversion to premium department store
- Jobs: 2,000 construction jobs, 8,000 ongoing jobs
- Additional tourists: 1.39 million per annum
- Apartments: 2,000
- Architect: Cottee Parker Architecture
- Status: Demolition of site immanent
- Expected final spend: $3 billion
- Consortium team: ASF Group, Crown Resorts (unconfirmed),
- Public realm improvements: Extensive foreshore redevelopment, possible bridge to Southport, 1200-seat Broadwater amphitheatre
- Infrastructure: Vehicle traffic bridge to Southport, Cruise terminal plans have been axed
- Casino operator: Crown Resorts
- Number of new hotels: 3
- Retail: Retail precincts planned
- Jobs: 10,000
- Additional tourists: 1.5 million per annum
- Apartments: Unknown at this stage
- Architect: Blight Rayner Architecture
- Status: Concept stage
“This $3 billion project will deliver a world-class waterfront destination that provides an immediate and ongoing economic boost and significant jobs for the Gold Coast, with benefits flowing across Queensland,” said Mr Chien.
“Over 10,000 new jobs will be created during construction and operations, meaning thousands of jobs for the local community. With construction likely to occur after the Commonwealth Games, this will deliver ongoing buoyancy to the region, ensuring local jobs are retained.
“The project will also attract a projected 1.5 million additional tourists to the Gold Coast annually. This means growing the existing tourism market with an emphasis on new visitors to the region.
“More tourists translates to more business for existing tour operators, more visits to Gold Coast attractions and more flights needed to the Gold Coast,” he said.
At the same time as revealing its latest concept plan, ASF is calling for more certainty around the overall planning process for the area.
“ASF remains fully committed to achieving the best outcomes for the Gold Coast and Queensland. We’re keen for the State to provide overall planning clarity for the area and understand how the proposed Gold Coast Integrated Resort fits,” he said.
The Gold Coast Integrated Resort Development will be situated on a five-hectare waterfront site on the Southern Spit between Sea World and the Gold Coast Fisherman’s Co-operative.
“This site represents less than 3 per cent of The Spit and in its current form, is unused and inaccessible to the general public,” said Mr Chien.
“Our plans deliver a new waterfront precinct to be enjoyed by all by creating new and improved Broadwater leisure and entertainment spaces, a newly accessible water’s edge, a new boating destination and a vibrant space for outdoor performances and events,” he said.
With a cruise ship terminal no longer a requirement of the project, this will be achieved with no dredging in the Broadwater.
“The location of the project will be a catalyst to grow the Southport CBD. It will connect The Spit and Southport, whilst embracing the Broadwater and deliver significant business and employment opportunities,” said Mr Chien.
A traffic solution is provided for the project, with core infrastructure funded by ASF.
“We’ve come up with a traffic solution for the project, which is scalable and will deliver legacy infrastructure for the city. Traffic modelling has future proofed this solution,” said Mr Chien.
“We are committed to working as closely as possible with the Queensland Government, City of Gold Coast and the community to create this global waterfront destination,” said Mr Chien.