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QIC Consolidates Four Sites for Major Brisbane Development

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QIC Consolidates Four Sites for Major Brisbane Development

A proposal for the refurbishment of three buildings and construction of a 39-storey tower has been submitted to the Brisbane City Council by Cardno on behalf of the Queensland government’s investment arm QIC.

QIC are proposing the construction of a new 39-storey commercial tower at 62 Mary Street, as well as the refurbishment of 111 George Street, 33 Charlotte Street and 54 Mary Street – which will adjoin the new tower and have been named the “QIC Triplets”.

The development sites at 54 Mary Street and George and Charlotte Streets were acquired by QIC in April 2013 from the state government in a multi-sale deal worth $455 million.

QIC later acquired the 62 Mary Street site for $7.6 million in June 2014.

 

QIC1

The site currently accommodates 6,000 employees across three buildings. When the full masterplan is complete, the number is expected to rise considerably – adding confidence to Brisbane’s current positive commercial market sentiment.

In its proposal to council, QIC has outlined the precinct’s potential as a gateway, linking the Queens Wharf redevelopment and a future key Cross River Rail stop with 12 new retail spaces and landscaped public areas.

The application referenced a Hornery Institute prediction that by 2019 there will be in excess of 6,000 people living within 500 metres of the site.

The Albert Street underground Cross River Rail may be developed by QIC, who were last week shortlisted for the $5.4 billion infrastructure project.

QIC Map

Designed by architects Bureau Proberts – who’ve teamed with Architectus to deliver the complete masterplan – the new tower will have a gross floor area of 42,319 square metres and stand 189 metres tall.

The full proposal will be delivered across four stages with the first being the demolition of an existing three-storey commercial building at 62 Mary Street which currently sits vacant and will make way for the new tower.

Following the construction of 62 Mary Street, stages two, three and four will be centred around upgrading the ground and plaza levels of the triplets with the intention of “providing an active and vibrant commercial precinct”.

QIC3

According to the proposal, ground plane activation plays a pivotal part in the regeneration of the block with the architects looking to create new laneway linkages utilised by cafes, restaurants, retail, conference facilities and possibly a child care centre.

“[The proposal is] driven by a social imperative to provide strong connections between the workplace and public spaces that are engaging and accessible to the city worker along with visitors, while becoming a vital part of a diverse city fabric.”

Architect Bureau Proberts

QIC’s application follows several other recent commercial tower proposals in Brisbane’s CBD, such as Mirvac’s Ann Streetdevelopment and Morris Property Groups 343 Albert Street and Wharf Street towers.

The application awaits further assessment from the Brisbane City Council.

Originally Published: theurbandeveloper.com

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Developments

Brisbane ‘Eyesore’ Roma St Transit Centre Set to be Demolished

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Brisbane 'Eyesore' Roma St Transit Centre Set to be Demolished

The old Brisbane Transit Centre, known as one of Brisbane’s ugly duckling sites, will be demolished as part of plans for the $5.4 billion Cross River Rail infrastructure project.

The removal of the ageing transit centre, along with the neighbouring Hotel Jen, will clear the way for a new underground station and the $2 billion Brisbane Live entertainment venue.

The Palaszczuk government announced in November that the Roma Street Cross River Rail station and Brisbane Live would “progress together”.

Treasurer Jackie Trad confirmed that early works will commence in 2019 with demolition planned for late-2020.

Brisbane 'Eyesore' Roma St Transit Centre Set to be Demolished

Brisbane’s ageing transit centre will be demolished in late 2020.

The Roma Street Station will be a key link between the city centre, Roma Street Parklands, Spring Hill’s schools, Caxton Street, the Petrie Barracks, Suncorp Stadium, and the cultural precinct at South Bank.

“When complete the new station is expected to be used by more than 230,000 commuters every week, the equivalent of over four capacity crowds at Suncorp Stadium,” Trad said.

Brisbane 'Eyesore' Roma St Transit Centre Set to be Demolished
“Plans for the 18,000-seat “Brisbane Live” entertainment arena are underway.”

Planning for the $2 billion “Brisbane Live” ultra-entertainment precinct is currently under way with consultancy firm Deloitte, and sport and architecture firm Populous recently appointed to mammoth project.

“With an 18,000 seat world-class arena as its centrepiece, the Roma Street precinct, just like the LA Live complex, will become Queensland’s premier entertainment venue hosting major live concerts and world class sporting events right in heart of the city,” Trad said.

More than $700 million was earmarked to build Brisbane’s Cross River Rail in the budget released last week, with demand for Brisbane’s rail services forecasted to double by 2026, and triple by 2036.

“This is a project that will transform the south-east by creating a turn-up-and-go transport system for the whole of South-East Queensland – taking thousands of cars off our roads and getting people home and to work faster.”

Source: theurbandeveloper.com

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Brisbane City Council Scraps Aged Care Developer Incentives

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Brisbane City Council Scraps Aged Care Developer Incentives
Less than two years after offering developer incentives to attract more aged care and retirement facilities to Brisbane, lord mayor Graham Quirk has scrapped the plan.

The incentives, introduced in 2016, reduced infrastructure charges and encouraged the co-location of facilities on privately-owned sport and recreation land.

Lord mayor Graham Quirk said the “difficult decision” was due to sporting clubs becoming easy targets for political campaigns.

“Council will proceed without any proposed changes to sport and recreation land sites, as our priority is ensuring that the accommodation that we need to plan for the growth of our city can be delivered as quickly as possible,” Quirk said.

Brisbane City Council Scraps Aged Care Developer Incentives

Change of mind? Council has scrapped plans allowing senior facilities to be built on private sport and recreation land.

Earlier this year, Retire Australia’s controversial $80 million retirement living complex at the Tarragindi Bowls club was the first development approved under the Retirement Living and Aged Care Accommodation Incentives.

Australian Bureau of Statistics figures shows 15.3 per cent of all Queenslanders are aged 65 and over, an increase from 12.4 per cent in 2011.

Property Council of Australia executive director of retirement living Ben Myers says politics, rather than planning considerations is disturbing the delivery of Brisbane’s seniors’ housing.

“All sides of politics acknowledge that we have an ageing demographic and that we will need to provide suitable housing now and into the future,” Myers said.

By 2025, Myers said the demand for retirement living accommodation for people aged over 65 is expected to double, to meet the housing needs of Queensland’s ageing population.

“To date the incentives have been successful in creating a pipeline of projects for Brisbane that will assist in housing our ageing demographic,” Myers said.

The Lord Mayor said council would begin consultation on the aged care proposal within weeks to fast-track the amendments.

Source: theurbandeveloper.com

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Plans for $1.4 billion waterfront precinct progress

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Plans for $1.4 billion waterfront precinct progress

Dexus has proposed a redevelopment of Eagle Street Pier, including two new towers and up to 1.5 hectares of riverfront open space.

Photo: Supplied

Dexus is progressing on its $1.4 billion redevelopment plan to unlock “the unrealised potential of the waterfront” in Brisbane.

The property group unveiled its plans to transform Eagle Street Pier, including building two towers, closing Eagle Street between Charlotte and Market streets and opening up the riverfront space, in March.

Dexus’s head of office development Queensland, Matt Beasley, said the response to the company’s announcement had been overwhelmingly positive.

“Since the announcement we’ve been having both town hall sort of sessions with our customers in our buildings, the retailers, getting them up to speed on what the proposals are, what is the process moving forward and when we would be targeting to get that outcome,” he said.

“We’ve acquired those assets and explored that opportunity and it’s really about unlocking the potential, unlocking the unrealised potential of the waterfront, really giving that back to the people.”

Source: www.brisbanetimes.com.au

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