A Brisbane site neighbouring a key Games precinct and once planned for a five-tower development has come to market.
On the block in the Woolloongabba Priority Development Area is the 9092sq m Station Square site comprising 18 contiguous lots with frontages to Stanley, Reid and Hubert streets, 2km from Brisbane’s CBD.
Price expectations are around $75 million. The sale is being managed by Colliers.
The development by Trenert Group was first revealed in 2023.
Trenert managing partner Peter Priest initially acquired the site for its transit-oriented potential rather than any Olympic prospects.
“I actually bought it because I thought it would be a really good transit-oriented development ... it’s straight across the road from the Cross River Rail,” Priest told The Urban Developer.
The proposal included a 40-storey five-star international hotel, a 36-level residential tower of 165 apartments, an 18-level short-term accommodation tower, and a 16-level tower with 114 social and affordable housing units in partnership with community housing provider BlueCHP.
A 22-level commercial tower with 50,000sq m of office space, retail plaza and food and beverage outlets totalling 6000sq m was also part of the plans.
A central feature of the Trenert plan was the restoration of the heritage-listed Railway Hotel, established in 1880 and dormant since the doors closed in 2015.
The site is opposite major infrastructure projects, including the Cross River Rail, Brisbane Metro and the privately funded Brisbane Live Arena, as well as neigbouring what will become a central venue for the 2032 Brisbane Games.
A pedestrian link spanning Stanley Street, providing access to the Cross River Rail Woolloongabba underground station, and a planned Metro station, was also included in the Trenert scheme.
A central green spine is planned to run along the middle of the site and connect to the residential and office towers, complemented by a community park towards the back of the masterplan.
The proposal’s 40-storey tower would be the tallest structure outside the Brisbane’s CBD.
The Woolloongabba PDA vision aims to create an integrated, high-density, mixed-use precinct fostering urban connectivity, public transport accessibility and lifestyle amenities.
The Queensland Government recently proposed expanding the existing Priority Development Area to cover significant parts of the Olympic Stadium precinct.
Colliers head of hotels Karen Wales said record-low vacancy rates and sustained demand for residential and hotel accommodation in Brisbane meant the sale was “expected to attract significant local and international interest”.
The site is being marketed via an expressions of interest campaign due to close on June 4, 2025.
