Brisbane development is a major focus for many developers. A major attraction is the Royal International Exhibition Centre, a large convention facility that serves the entire city. The complex will also feature new retail opportunities along the frontage of Roma Street. And, the redeveloped Brisbane Showgrounds will feature an iconic sky lounge for entertainment. The demolition of the former Brisbane Transit Centre began last month. It will make way for the new Cross River Rail Roma Street station.
The Games will take place in south-east Queensland. Apart from Brisbane, venues will be located in the Gold Coast, Sunshine Coast, Ipswich, Redlands, and Logan. In addition to the city, two athlete villages will be constructed. This will also trigger a waterfront urban renewal project. The Games will be held in Australia for the third time. Despite a lack of opposition, the bid of Brisbane met with little opposition in the final deliberations. Other bidders failed to make the board stage.
One major project underway is the River Reach Masterplan. Brisbane City Council has proposed redevelopment of 1.2 kilometres of waterfront land. It includes new parkland, public art, decorative lighting, and heritage features. The proposed green bridge will drastically improve access to the waterfront and reshape the City Reach profile. Once completed, the project is expected to create 7,700 construction jobs and the first trains will run by 2024.
The Pyco project is a modern take on the classic Queenslander. The project is currently under construction and will consist of 26 luxury boutique apartments and three-bedroom apartments. It will include 3,000 square metres of retail space. A pedestrian bridge linking the city to the south bank will connect the two projects. In addition, the complex will also feature significant public open space, equivalent to twelve football fields. Further, Mirvac is also delivering the redevelopment of the RNA Show Grounds at Bowen Hills.
Apart from the redevelopment of the Roma Street area, the city has a number of major infrastructure projects underway. A $2 billion multi-purpose arena will open up underutilised land in the heart of the city. The arena is modeled after New York’s Madison Square Garden, allowing greater accessibility to major events. The complex will also feature a Sky Lounge, which will double as a function space when not hosting an event.
Apart from retail, there is also a wide variety of industries in Brisbane, including petroleum refining, stevedoring, paper milling, metalworking, and QR railway workshops. The CBD is divided into three broader areas: northside, southside, and bayside. The city also has several historical suburbs with unique character. Among these are the inner-city suburbs of Milton and Toowong.
Dexus is also moving ahead with a waterfront project called Eagle Street Pier, which stretches 1.2 kilometres from City Botanic Gardens to Howard Smith Wharves. The development plan consists of two mixed-use towers and seven-thousand square metres of public space. The development will also include a waterfront promenade and an upgraded wharf facility. Once completed, the project will be renamed as Waterfront Brisbane.
Developers in Brisbane are taking a long-term approach to redeveloping an existing site. This includes preserving 480 Queen Street, 171 Edward Street, and 123 Albert Street. The Waterfront Brisbane development will also retain existing buildings like Naldham House and Waterfront Place. Its height potential is unrestricted. The PitchBook Platform provides detailed data on more than 3M companies, including this one. To read a full profile of the company, sign up for a free account.
Apart from the redevelopment of the Queen’s Wharf area, the city’s northern waterfront is being transformed. The Queen’s Wharf development is one such project, with the Queensland government awarding a contract to the consortium. It will feature an integrated residential, commercial, and entertainment complex. With the approval of the government of Queensland, the project will cover more than twelve hectares of land and fifteen hectares of water, making it the largest private development in Queensland.
Cbus Property is a developer of a $375 million residential tower in the Brisbane CBD. It will feature 264 units, including a private dining room and a catering kitchen. The development will also feature a 25m swimming pool. The complex will include amenities such as an outdoor lounge cabana and gym. As it continues to go forward, the development team hopes to create a community for the community, which will help the city’s overall growth.
The city’s growth was not smooth, and the “big country town” image it gained after the second world war was only exacerbated by incidents involving a German immigrant, Karl Kast. Despite a gradual growth, a number of infrastructure issues impeded development. Under Joh Bjelke-Petersen’s leadership, a major change program began in Brisbane. It led to the urban renewal of the city, which has continued to evolve ever since.