- Home
- News & Media
- Gold Coast Council Approves $550m Regeneration of Old Hospital Site
Gold Coast Council Approves $550m Regeneration of Old Hospital Site
The site of the former Gold Coast Hospital in Southport will be transformed into a $550 million masterplanned residential hub, with council giving their tick of approval for the first stage of “Queen Street Village”.
Stage one includes the Palladium – a 19-storey building which features 17 levels of residential apartments ranging from one to three bedrooms and a retail piazza on the ground level.
Stale hospital rooms will be replaced with apartment views of Surfers Paradise as Brisbane-based developer, Property Solutions has proposed a seven-tower development on the 3.2-hectare site.
The proposed seven towers will range in height from 16 to 25 storeys and the site will include a residential care, a retirement facility, theatre, health care services, food and drink outlets along with a showroom and offices.
Property Solutions sales and marketing director Craig Wright says the initial research identified the large site as the ideal place for the Village with proximity to Southport CBD and the local population expected to grow 3.5 per cent per annum over the next 20 years.
The $550 million village will be developed over the next six to eight years on the site bound by Queen Street, Nerang Street and Little High Street in Southport.
Other Property Solutions developments include James Street at Fortitude Valley, The Barracks at Paddington, SW1 at Southbank and the urban redevelopment of Nundah Village.