Silverstone Lodges Plans for 9-Storey Medical Facility


Silverstone Developments is planning a purpose-built medical facility in Brisbane's fringe CBD suburb of Spring Hill.

The Brisbane-based developer has lodged a development application for a 6,100sq m commercial mixed-use development on a 1,745sqm site at 525 Boundary Street.

Silverstone bought the site of the International Hotel late last year for $5 million. The hotel, built in 1883, was formerly known as The Diggers Arms Hotel.

The site is located opposite the St Andrews War Memorial Hospital in a strong education precinct.

Silverstone development manager Luke O'Dwyer said the proposed development, designed by PDT Architects, would retain and incorporate the existing building on site.

The 9-storey commercial building will feature five levels of medical space as well as an ambulance bay and hospital-sized lifts.

The building's basement and podium will hold up to 153 parking spaces.

Related: Silverstone’s Fortitude Valley PCYC Tower Approved

525 Boundary Street Brisbane
▲ An artist impression of the rooftop garden at the building Silverstone is proposing. Image: PDT Architects

“We have specifically upgraded the building features to separate ourselves from a typical Spring Hill refurbishment,” O'Dwyer said.

O'Dwyer said Silverstone was yet to launch any marketing but remained confident of a strong uptake after being approached by three separate medical tenants hoping to agree terms.

Silverstone holds a diversified portfolio of commercial, retail and residential projects, as well as a growing book of managed development investments.

The Spring Hill development adds to its pipeline of near-city Brisbane projects and follows the group’s recent sale of a retail development at Rochedale.

Late last year, Silverstone entered into an agreement with the Queensland government for the redevelopment of the PCYC and and a 12-storey commercial development in Fortitude Valley.

The developer also has plans for an $80 million tower as part of Metro’s 800-apartment project in Newstead.

If given the go-ahead by council, construction of the medical facility will begin early next year with completion within an 18 month window.

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