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$550m residential development to rise on old Gold Coast Hospital site

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Posted by Monica Gameng

The Gold Coast Council has given the thumbs up to Stage 1 of the old Gold Coast Hospital redevelopment in Southport. The former hospital site is going to be transformed into a $550 million masterplanned residential hub – dubbed ‘Queen Street Village’.

The first stage of the project will include a 19-storey building – called the Palladium – which features 17 levels of residential apartments that range from one to three bedrooms as well as a retail space on the ground level.

The proposal from project developer, Property Solutions, include a seven-tower development – ranging from 16 to 25 storeys in height – on the 3.2-hectare old hospital site, where the old hospital rooms will be replaced with apartments with views of Surfers Paradise.

29063440_947663382069903_4053513726496604160_n.jpgSource: Queen Street Village Facebook

The project will also include a residential care, a retirement facility, theatre, health care services as well as restaurants along with offices and a showroom.

According to Property Solutions’ sales and marketing director Craig Wright, the old hospital site was identified – through an initial research – as the ideal location for the development because it is in close proximity to the Southport CBD. Mr Wright also said that the local population is expected to grow approximately 3.5 per cent annually over the next two decades.

25398750_902421286594113_1643792149990471828_n.jpgSource: Queen Street Village Facebook

The multi-million dollar project – which is going to be developed over the next six to eight years – will be located by Queen Street, Nerang Street and Little High Street in Southport.

What do you think of this development in the Gold Coast? Let us know your thoughts below in the comments section.

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Source: The Urban Developer

Monica Gameng

Monica Gameng

As PlantMiner's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1000 posts. She truly is an industry expert. Monica's passion for educating and inspiring readers saw the PlantMiner blog recognised by Feedspot as one of the Best Australian Construction Blogs in 2018 and 2019. PlantMiner is Australia's largest online construction marketplace. Sign up as a vendor to find and engage with civil and commercial contractors across Australia. Alternatively, if you're looking for plant and equipment you can compare equipment and subcontractor quotes from vendors near you in just a few steps.