The State Government has signed a facilitation agreement with Dexus for a proposed $2.1 billion waterfront precinct proposal for the revitalisation of the Eagle Street Pier in the Brisbane CBD.
The Waterfront Precinct redevelopment proposal by Dexus, under the Queensland Government’s Market-Led Proposal (MLP) review system was approved under the development application assessment by Brisbane City Council.
The redevelopment of the Eagle Street Pier site could now commence in 2022 and the first tower envisioned to be delivered in 2026.
Waterfront Brisbane is set to deliver a global-standard business and tourist destination that aims to maximise its prime riverside location with enhanced open spaces and amenity and a revitalised premier waterfront dining hub.
The master plan of the Waterfont Brisbane Precinct includes two commercial towers of 52 and 44 floors, a vibrant active retail area and approximately 9000 square metres of revitalised public realm including a portion of new city reach Riverwalk.
Steven Miles, Deputy Premier and Minister for State Development outlined that he was pleased Waterfront Brisbane has received development approval from Brisbane City Council.
“The Waterfront Brisbane development has the potential to create more than 1000 construction jobs over the next decade”.
“We’re backing infrastructure and businesses across the state to deliver an economic recovery for Queensland.
“The government has been working with Dexus and this is a major step, for a major project, potentially creating thousands of jobs and reinvigorating the key section of the city’s much-loved riverside.
“We’re delighted that Dexus remains committed to progressing this major project in what has been a difficult time for many businesses,” Mr Miles said.
– Two mixed-use towers on the Eagle Street Pier site
– Riverfront restaurants, casual eateries and shops
– Revitalised public realm and new spaces to enjoy
– Approximately 7900sqm of open space
– Approximately 3900 square metres in the Eagle Street Pier area),
– A market square and steps and urban verandah terraces
– Extension of the City Reach Riverwalk
– New ‘green’ corridor connecting Eagle Street to the Riverwalk
– Enhanced City Reach Riverwalk supporting cyclists and pedestrians
– Upgraded wharf facilities supporting commercial and river tourism operations
– Support the delivery of a new City Reach ferry terminal
– Upgrade to the Creek Street and Charlotte Street intersection to improve pedestrian connectivity
Grace Grace, Member for McConnell outlined that the project was a major win for Brisbane’s CBD.
“Thanks to our fantastic health response, Queensland has been able to get back on our feet quicker than other parts of the world”.
“Our message is clear; Brisbane is open for business and we welcome the investment.
“These projects, along with the Queens Wharf development will really change the face of Brisbane and bring many jobs to our city.
“This kid of investment is keeping Queenslanders in jobs and supporting our communities as we Unite and Recover for Queensland Jobs,” Ms Grace said.
Timeframe (pending approval processes)
– Mid 2020 – Development application submission
– 2022 – Eagle St Pier commence construction
– 2026 – First towers completed
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Source: Information, Drawings and Images
All article information is sourced and available for review from referenced locations.
– Media Statement: Brisbane CBD set for billion-dollar boost
– Images: Sourced from Brisbane City Council
– Interactive Image: Google Aerial and Streetview
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