An almost 10,000 square metre site will be opened to commercial development in the Gold Coast to generate up to 1800 jobs.
The development site will be the first to be released under The Spit Master Plan, a $60 million project that focuses on community infrastructure around the Gold Coast’s permanent sand structure.
It aims to contribute to the revitalisation of The Spit and turn it into a premier tourist destination for locals and visitors.
State Development Minister Cameron Dick said it will be the first undeveloped commercial site to be released on The Spit since the late 1990s, so this presents an excellent opportunity for investors to create a world-class precinct.
“There would be few sites in Australia where you have the possibility of building a development with a deep-water marina, that is in walking distance to a surf beach,” he said.
- Contract won to build $70M Gold Coast sports hub
- Queensland infrastructure to get $1.9B boost
- Builder selected for $13M fitout contract
“With the Gold Coast one of Australia’s great boating destinations, both in terms of ownership and tourism, a new marina that provides extra boat moorings and superyacht berths should attract strong demand.
“In line with community expectations, any development on the site would be kept to a maximum of three-storeys and 15 metres,” he said.
The first site measures in at 9858 square metres and will be open to mixed-use retail, commercial, residential and short stay development.
The release is scheduled to hit the market in mid-January 2020, through a competitive process, with further land releases to roll out over the year.
“The delivery of The Spit master plan means we now have a cohesive vision for the area that will unlock private and public investment, while ensuring the protection and enhancement of public open space” Dick said.
“Along with the announcement last month of an initial $6.84 million investment in new shared pathways, recreation facilities and extensive plantings at the top of The Spit, we are showing our commitment to deliver on the promises made in the master plan.”