New Jobs In Paradise

New Jobs In Paradise

New Jobs In Paradise


$600m Gold Coast Tower Resort provides 750 jobs

Congratulations to Pellicano Group and Gold Coast City Council for achieving this great outcome.

However, ADC believes that all development should be approved this quickly – not just major projects! If Council can do it for a project of this size, then they should be able to process approvals for smaller projects faster as well.

ADC calls for a review of normal development assessment within the Gold Coast. If the Major Projects Branch of Council can deal with a complex proposal such as this in 3 months then this should be used as a template for the whole Implementation Assessment Branch of Council.

Tower project has Surfers on the up

Cranes will again be on the Surfers Paradise horizon after a $600 million, four-tower resort was approved yesterday.

Construction will start before the end of the year on the reborn family-oriented Paradise Resort with four apartment buildings reaching between 30 and 58 levels.

The first of the towers, which will be 30 levels, was recommended for approval at the Gold Coast City Council’s city planning meeting just three months after the application was lodged.
Developer Pellicano Group is cashed up and ready to turn the soil at the Ferny Ave site and has predicted a turnaround in the Gold Coast’s ailing property market.

More than 750 jobs will be created over the two-year construction period, while the remaining three towers will go up sequentially over the next 10 years, creating a constant source of employment.

Pellicano Group joint managing director Nando Pellicano said the company and its partner Zagame Group would build as soon as they could because the market was on the brink of recovery.

“The Gold Coast is already starting to turn the corner,” he said.

He said the units would be a mix of tourist and residential accommodation, aimed at a family market.

“We might have older couples downsizing, younger couples using it as an entry to the market, young families. It will be a wide mixture,” Mr Pellicano said.

Following Sir Joh Bjelke-Petersen’s famous adage about a healthy economy having cranes on the horizon, construction at the Paradise Resort will put cranes back on the Surfers’ horizon. There is just one crane left now at Soul.

Mr Pellicano said the existing resort would remain open for at least the next five years as the first two towers went up around it.

City planning boss Cr Ted Shepherd said the development gained approval so quickly because it was assessed by the council’s special major projects branch.

“It’s a great result for our assessment times and answering the criticism the development industry puts on us,” he said.

Surfers Paradise councillor Susie Douglas said it was an exciting project for the northern end of the suburb. “It’s a very popular family destination and I’m sure it will continue to be,” she said.

The approval included 222 units, in a mix of one to three-bedrooms, as well as 13 three-bedroom town-houses.

Stage two is a 58-level tower, stage three is 45 levels and stage four 30 levels.

There will also be more town-houses of between two and five storeys as well as some retail business on the corner of Birt and Ferny avenues.

Pellicano Group is a 44-year old Melbourne-based company which has an office in Brisbane. This is its first Gold Coast Development.

Gold Coast Bulletin
Matthew Killoran
Page 4, News