DEVELOPER Tim Gurner has acquired a port Douglas beachfront site and submitted plans for a $60 million hotel and residences, as the developer continues its diversification into the tourism and hotel space.
The 2,833 sqm Port Douglas site upon completion will boast 16 luxury private residences and a further 18 hotel rooms.
The site at 69 – 73 Murphy St represents one of the last developable blocks nestled behind Port Douglas’s main strip, and was acquired off-market in early 2020.
Powell and Glenn architects will design the site in collaboration with Wolveridge Architects and landscape architect Myles Baldwin.
“We have really enjoyed the challenge of combining the design sensibilities that we have developed with our clients in Victoria and NSW and working with Jerry Wolveridge Architects to create an exceptionally high end, tropical experience with a strong sense of place,” said Ed Glenn, principal and director at Powell and Glenn.
Gurner has announced intentions of selling the private residences while retaining ownership of the hotel and amenities such as a restaurant and cocktail bar, pools, spa and tropical greenspaces.
“When you look at what Antony Catalano has been able to do with Rae’s in Byron Bay offering something truly special and unique, and what The Oatleys have done with Qualia on Hamilton island, they are without question a big inspiration for what we are doing,” said Gurner.
“We want to ensure that Far North Queensland has a similar offering at that level for Australians and internationals visiting the reef and the wider region.”
Gurner plans to further diversify their portfolio into complimentary asset classes, such as tourism, wellness, accommodation and food and beverage.
“We have been incredibly fortunate over the past seven years to have built a defining portfolio of luxury residential projects along the eastern seaboard of Australia and now we want to take this philosophy and evolve it into something that extends the lifestyle offering through boutique hotels,” said Gurner.
Construction is aiming to commence in mid-2021, with initial town planning designs being submitted to council this week.