Gold Coast’s “Spirit” Tower Soars to New Heights


Posted on 2018-11-06 Author:LIYUCSF


It is reported that AU$1.2 billion ($914million) “Spirit” tower, will rise 298 meters above the Gold Coast and isestimated to inject approximately AU$1.84 billion ($1.4 billion) into itseconomy. This project will contain a 89-story residential apartment tower,featuring 479 residential dwellings, will create a new landmark for the city.


Additionally, this project will include2,700 square meters of residential facilities, an 1,800-square-meterfour-bedroom penthouse said to cost AU$38.8 million (US$29.5 million), rooftopfacilities, and three levels of ground floor retail. About AU$44 million(US$33.5 million) will be put toward underground works alone, with thedevelopment estimated to provide 945 jobs a year during the initialconstruction phase.


In a detailed assessment of the project,MacroPlan Dimasi estimates the combined economic benefit to the region will beAU$1.84 billion ($1.4 billion) over the next six years, with ongoing benefitssuch as tourism expenditure, dining, retail shopping, tours and activities. Therooftop level will offer access to panoramic views of the 52 kilometers ofcoastline, with butlers available to individual apartments upon request. Theproject is estimated to launch to market in the July of 2018.

Source: The Urban Developer



It is reported that AU$1.2 billion ($914million) “Spirit” tower, will rise 298 meters above the Gold Coast and isestimated to inject approximately AU$1.84 billion ($1.4 billion) into itseconomy. This project will contain a 89-story residential apartment tower,featuring 479 residential dwellings, will create a new landmark for the city.


Additionally, this project will include2,700 square meters of residential facilities, an 1,800-square-meterfour-bedroom penthouse said to cost AU$38.8 million (US$29.5 million), rooftopfacilities, and three levels of ground floor retail. About AU$44 million(US$33.5 million) will be put toward underground works alone, with thedevelopment estimated to provide 945 jobs a year during the initialconstruction phase.


In a detailed assessment of the project,MacroPlan Dimasi estimates the combined economic benefit to the region will beAU$1.84 billion ($1.4 billion) over the next six years, with ongoing benefitssuch as tourism expenditure, dining, retail shopping, tours and activities. Therooftop level will offer access to panoramic views of the 52 kilometers ofcoastline, with butlers available to individual apartments upon request. Theproject is estimated to launch to market in the July of 2018.

Source: The Urban Developer


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