A troubled development company has dropped plans for a Surfers Paradise supertower and is out of an $800m project in Brisbane’s Olympics precinct after a $70m deal failed to settle. Find out more:
Kathleen Skene Follow 3 min read June 1, 2023 - 4:00PM
Gold Coast Bulletin
Business
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Descon Group Australia has dropped plans for a Surfers Paradise supertower and is out of an $800m project in Brisbane’s Olympics precinct after a $70m deal failed to settle.
The development and construction company said its plans for the 118-floor Orion Towers project Surfers Paradise, and for the $800m Hamilton Towers development, were no longer feasible.
The 7637 sqm Hamilton site, within the Brisbane 2032 Olympic Athlete Village precinct has been placed on the market after the Descon contract did not go ahead.
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