Brisbane’s Eagle Street Pier and Waterfront Place precinct’s transformation is a step closer to becoming a reality as property developer Dexus Group lodges development plans with Brisbane City Council for the $2.1 billion Waterfront Brisbane project.
This redevelopment is anticipated to create more than 1,000 construction jobs over the next 10 years and will turn the precinct into a “premium business and leisure destination”. Waterfront Brisbane is also expected to create up to 900 operational jobs once construction is completed.
“This is a major milestone in a project that will create thousands of jobs for locals in years to come.
“Lodgement of the development applications for Waterfront Brisbane is a great step in the right direction and a vote of confidence in the Queensland economy,” State Development Minister Kate Jones said.
The Council will now begin assessment of the project, in accordance to the Planning Act as well as the Council’s vision that was identified in the draft City Reach Waterfront Master Plan.
Construction on the multi-billion-dollar project is anticipated to commence in 2022, subject to development approvals.
“Waterfront Brisbane will be a great outcome for Brisbane with the renewal of the city’s premium business district, activation of the river and improvements to the Riverwalk.
“The project’s scale and central riverfront location will firmly establish Waterfront Brisbane as a world class destination and is set to reshape the daily experience of the many people who visit and work there,” Dexus Chief Investment Officer Ross Du Vernet said.
Source: QLD Department of State Development, Tourism and Innovation
The Waterfront Brisbane development will feature:
The first tower is due to be completed in 2026.
“As our economy begins the process of recovery from the COVID-19 pandemic, it is so important to keep the momentum going with major projects that will deliver jobs for Queenslanders,” Minister Jones said.
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Source: Queensland Government; Dexus Group; The Urban Developer
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