Work begins on Chevron Island’s next tower
THE Gold Coast's multibillion-dollar development industry is standing strong in the face of the coronavirus pandemic, with major projects moving ahead.
Construction is one of the few industries to suffer to battering felt in other sectors, with work continuing on several major projects while builders employ social distancing measures.
Among the biggest underway are The Star's $450 million Dorsett supertower and Sunland's three major projects - Magnoli towers at Palm Beach, the $1.3 billion The Lakes mini-city at Clear Island Waters, and a $250 million luxury 44-storey high-rise on Hedges Ave.
Further north, work has wrapped up on Marquee Group's nine-storey Chevron Island tower Stanhill.
The first residents will move in next month after it settled the majority of the low-rise's 61 units in a single week during the COVID-19 pandemic.
The last units, valued at between $499,000 and $799,000, will settle by next week.
The Brisbane developer this month begun early works on its next Chevron Island tower, The Catalina.
The project, on the southern side of the island, is expected to employ more than 200 Gold Coasters.
Marquee Development Partners chief executive Mark Spedding said completing one project and preparing to start the next was a show of strength and confidence in the Gold Coast market.
"In the current environment, it's more important than ever to keep the wheels turning by delivering new projects on time for residents to move in to, and creating new job opportunities by proceeding with plans to pave the way for new development," he said.
"We work really hard to offer both great value and high-quality apartments for our purchasers buying off the plan.
"Stanhill is a great example of this, as almost 18 months later bank valuations support the purchase price paid and this helps ensure settlements run smoothly and stress free for purchasers."
Originally published as Work begins on Chevron Island's next tower