Working with the ANZ Bank, Brookfield said it had put together a financing and development management structure that would reboot the project, which will include a retail complex, apartments as well as a Hilton managed hotel. The project is fully funded by ANZ with design, construction and development being delivered and managed by Brookfield Multiplex. On completion, the Hilton Hotel will be one of the first upscale international hotels built on the Gold Coast in more than a decade, according to Brookfield Multiplex.Gold Coast mayor Ron Clarke said the project was expected to create 3000 jobs, with nearly 900 new construction jobs expected to be generated during the 2.5-year building period, and more than 2000 new jobs directly related to tourism and retail industries, as well as supply and professional services.The project, located between Surfers Paradise Boulevard and Orchid Avenue, is scheduled to be delivered in two stages: Boulevard Tower (west tower) – 186 apartments over 32 storeys (stage 1)Orchid Tower (east tower) – 169 room Hilton Hotel (ground floor to level 15) and 224 apartments from level 16 to 57 (stage 2) Approximately 4500 square metres of retail space over two levels across the Boulevard and Orchid Towers670 car parking bays within a five-level basementANZ Queensland state chairman Russell Shields said: “ANZ is pleased to have worked with the local community, Gold Coast City Council and Brookfield Multiplex to provide funding for this landmark project to recommence.” Construction works are planned to recommence onsite immediately. Stage 1 of the project is scheduled for completion in December 2010, and Stage 2 in October 2011.
