Brisbane has continued to establish itself as Australia’s third economic centre with a growing number of premium-grade commercial developments planned or under construction in and around the CBD.
The region is expected to grow by an additional 1.5 million people over the next twenty years which has been supercharged by the announcement of the city as an Olympic host in 2032.
Tens of thousands of jobs across the construction industry are now expected to be created ahead of the Brisbane 2032 summer Olympics as huge civic and transport projects are linked with existing infrastructure and development plans for the city.
In addition, new hotel development applications have already been lodged and approved, as hotel brands compete to meet the expected Olympic demand.
From a $3.6-billion riverfront casino to a new 1500-seat glass theatre in the city’s soon-to-be-transformed South Bank and cultural precinct—as well as a slew of high-rise residential developments—the city is primed for development and growth.
Brisbane’s $3.6-billion Queen’s Wharf development—which has taken more than a significant footprint of the CBD—is quickly taking shape. The project, the largest private sector development in Queensland, is spread over 12ha of land and 15.3ha of water. The development, earmarked for completion by late 2022, will offer four luxury hotels, 2000 residential apartments and a casino.
It is earmarked for completion by 2023 and will offer four luxury hotels, 2000 residential apartments and a casino. Multiplex was awarded the $1.5-billion construction contract for the project in 2019 and is making significant headway. A further two towers (5 and 6) are approved for delivery beyond 2024.
Address: Queens Wharf, George Street, Brisbane, QLD 4000
Developer: Destination Brisbane Consortium (The Star Group, Far East Consortium, Chow Tai Fook)
Architect: Cottee Parker
Building type: Casino (390,000sq m), Hotel (1100 guest rooms), Residential (2000 apartments)
Height: 71-storeys (234m), 58-storeys (190m), 54-storeys (180m), 30-storeys (101m), 30-storeys (101m)
Gross development value: $3.6
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