New High Rise Tower for Southport

Surfers Paradise property owners are set to get a new high rise tower with the approval of Sanbano Southport, a 51-storey mixed use apartment block.

The tower, which was approved by the council on June 25, will contain offices, a medical centre, cafe, restaurant, commercial services and shops. It will be constructed at the corner of Rawlins and Nerang Streets.

The development will also provide 481 car parking spaces as well as retail and commercial services, providing an economic boost for this area of Southport.

"This development is fantastic news for the city. Not only will it create an estimated 350 jobs during construction, it will really revive this area of Southport," said Gold Coast mayor Tom Tate in a statement.

"It also gives greater credence to our proposal to make Southport our official CBD and will add vibrancy and vitality beyond the current nine to five business hours."

The Sanbano tower is the third high-rise to be approved by the city council in the last six months, and proposals for two additional towers are also being considered.

Once completed, the development will likely provide a new central hub of shops, offices and more for those with real estate in Surfers Paradise.

Construction of the project is set to begin during the first half of 2014.