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In brief
- A property developer says he has signed a deal with the Trump organisation to build a tower on the Gold Coast.
- The Gold Coast City Council says that it is yet to receive a development application.
A real estate developer has announced a partnership with the Trump Organization to construct a new high-rise on the Gold Coast.
The ambitious project involves a six-star skyscraper that is set to reach a height of 340 meters, spanning 91 floors.
David Young, CEO of Altus Property Group, described the planned building as a future icon for Surfers Paradise.
“It will cater to the affluent and is expected to be completed before the Olympics, enhancing the region’s appeal as a tourism hotspot during the Games,” Young stated.
“The Trump International Hotel & Tower Gold Coast, a project I’ve been working towards for nearly two decades, is poised to become Australia’s tallest structure by the end of this decade,” he added.
But the proposal is far from a done deal, with the Gold Coast City Council saying that a development application was yet to be received.
Acting Gold Coast mayor Mark Hammell said in a statement that the Gold Coast welcomed investment in the city, as it displayed confidence and helped create jobs.
“A formal development application will be required, and we look forward to considering the application once it is received,” he said.
Young said the design of the tower would follow the same Trump design manual used for properties currently being built in Jeddah and Saudi Arabia.
One third of the building would function as a six-star hotel with another third to include 270 apartments.
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