Spirit (building)

Spirit, also known as Iluka, was a proposed residential skyscraper under construction on the Gold Coast in Queensland, Australia. Upon completion, it would have become the tallest building in Australia to roof, and the second tallest building overall (surpassed by the nearby Q1). The site was sold in March 2019 with only basement level work completed. In March 2019, Forise sold the site for $50-60 million at an estimated loss of $50 million, as Forise purchased the former Iluka tower for $65 million and then spent approximately $40 million on initial work at the basement level.

Spirit (building)

Spirit, also known as Iluka, was a proposed residential skyscraper under construction on the Gold Coast in Queensland, Australia. Upon completion, it would have become the tallest building in Australia to roof, and the second tallest building overall (surpassed by the nearby Q1). The site was sold in March 2019 with only basement level work completed. In March 2019, Forise sold the site for $50-60 million at an estimated loss of $50 million, as Forise purchased the former Iluka tower for $65 million and then spent approximately $40 million on initial work at the basement level.