The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OfficeDinah Lewis BoucherWed 07 Aug 19

Silverstone Inks Deal on Brisbane Redevelopment of 458 Wickham Street

0e7493dc-7e41-4476-b6df-7c8066d556fd

Silverstone Developments has entered into an agreement with the Queensland government for the redevelopment of the PCYC and and a 12-storey commercial development in Brisbane’s Fortitude Valley.

The two parties agreed to develop a new facility on a portion of the site at 458 Wickham Street, located two kilometres from Brisbane’s CBD, lodging a development application to Brisbane City Council last week.

Silverstone Developments managing director Troy Daffy described the development as an important local project.

“We’re looking forward to continuing our involvement in the local area by delivering an exciting new space for the iconic PCYC Fortitude Valley,” Daffy said.

The developer, which has delivered heritage-building refurbishments in Fortitude Valley and inner-city suburbs Teneriffe and Spring Hill, also has plans for a commercial office development on the remainder of the Wickham Street site.

Plans for 458 Wickham Street to become a four-storey glass-paneled building.


Subject to approvals, construction is slated to commence later this year, with the completed rejuvenation slated for mid-next year. The Fortitude Valley’s PCYC has been in operation since 1965.

Development and planning minister Cameron Dick said the deal was an opportunity to upgrade ageing infrastructure.

“Government in consultation with PCYC Queensland ran a competitive bid process, seeking private sector participants to deliver the new PCYC Fortitude Valley facility,” Dick said.

Dick expects the development will create 162 jobs during construction, and will be financially backed by Silverstone developments.

This week Sydney fund manager Millinium Capital announced plans for a $180 million international university campus and 30-storey tower comprising student accommodation, co-living and co-working space at Fortitude Valley's 240 Brunswick Street and 11 Overells Lane.

OfficeInfrastructureAustraliaBrisbaneConstructionPlanningPlanningSector
AUTHOR
Dinah Lewis Boucher
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
Qld Budget 2025-26 Brisbane City
Exclusive

Billions Promised, Now Deliver: Industry’s Qld Budget Verdict

Vanessa Croll
6 Min
View All >
Charter Hall’s $925m Hyde Park skyscraper
Planning

Charter Hall $925m Sydney Skyscraper Wins City Backing

Vanessa Croll
A rendering of the proposed retail, office and accommodation building along Gawler's main street. Source: John Byleveld Architects
Development

SA Developer Taps into Gawler Accommodation Demand

Leon Della Bosca
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
The sector’s productivity has slumped and it’s costing the nation. But has the industry been looking in the wrong place …
LATEST
Charter Hall’s $925m Hyde Park skyscraper
Planning

Charter Hall $925m Sydney Skyscraper Wins City Backing

Vanessa Croll
3 Min
A rendering of the proposed retail, office and accommodation building along Gawler's main street. Source: John Byleveld Architects
Development

SA Developer Taps into Gawler Accommodation Demand

Leon Della Bosca
3 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Industrial

Cadence Nabs Logistics Portfolio for $170.5m

Taryn Paris
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/-developer-inks-deal-with-qld-gov-on-brisbane-redevelopment