Brisbane based property development firm Steer Developments, have won approval for a new luxury hotel in Palm Beach on Queenslands Gold Coast glitter strip.
The hotel will be delivered on the iconic Palm Beach Centrelink building site at 1081-1089 on the Gold Coast Highway. The project is set to deliver a dazzling new $120 million project comprised of 126 rooms across six storeys, with state-of-the-art amenities, including a rooftop pool, gym, spa, and in-house dining.
Palm Beach has undergone a massive transformation over the past several years, with luxury development popping up almost monthly along the strip running from Tallebudgera through to Currumbin. The Gold Coast City Council’s commitment to going tall, due to the lack of sprawl they are facing, is set to continue with luxury hotel developments such as this one being approved.
Steer Developments, headed up by director Robert Steer, have several projects on the Gold Coast in their pipeline, with Palm Beach being sought after by developers currently. The firm are currently developing Cote, a luxury apartment residences at Thirteen Avenue in the suburb, which is now due for demotlition.
Palm Beach’s vibrant retail and dining precincts, along with it’s accessibility to the Gold Coast’s best beach areas has driven buyer demand skyward in recent times, sfter the council upscaled the suburbs zoning several years ago.
Award-winning, multi-disciplined design firm Plus Architecture, have been engaged to deliver the master-planned hotel, which sits on over 200sqm of prime Palm Beach beachside land.
“Being such a significant project, our team took a considered approach to create a standout development in an increasingly discerning market,” said Danny Juric of Plus Architecture.
The new Palm Beach Hotel will be delivered in one single stage, with completion hoping to take place in quarter 1 of 2025.
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