The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
UPCOMING EVENT - INDUSTRIAL AND LOGISTICS SUMMIT 16 OCTOBER, SYDNEY
INDUSTRIAL AND LOGISTICS SUMMIT - TICKETS NOW ON SALE
LEARN MOREDETAILS
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
1
print
Print
OfficeClare BurnettFri 13 Jan 23

Marquette Splashes $12m on Brisbane Tower Lobby Revamp

Marquette Properties is splashing $12 million on a lobby revamp of its Blue Tower in Brisbane’s sought-after Golden Triangle.

Construction is slated to start early this year. The announcement comes just weeks after Marquette submitted plans for a $100-million investment in its Gold Tower entrance. 

Marquette acquired the landmark Blue Tower at 12 Creek Street for $420 million in February 2022, described at the time as “a solid bet on the post-pandemic future of the city’s prime office market”. 

The Brisbane-based fund manager partnered with Lendlease’s $1.5-billion REP (Real Estate Partners) 4 Fund to secure the tower. 

Now, Marquette Properties is investing in the site for the long term, according to managing director Toby Lewis.

“When we bought the building, we always planned to take it from A-grade to Premium,” he said. 

“But what it lacked was a lobby that fitted a premium building. So this design has been 12 months in the making. 

“We’re working to overhaul the lobby expeditiously so we can reach that Premium standard, which should improve our leasing campaign and help us grow our rents.” 

Hutchinson Builders will start work on the project later this month, creating a double-level lobby and new café.

1 of 5


“We’re cutting out the first floor and doubling height space—that’s critical” Lewis said.

“We are adding timeless finishes, to create a lobby that will get better with age and that will wear in rather than wear out. 

“We’re taking a lot of cues on how to create a timeless building from Harry Siedler buildings that, 40 and 50 years on, are still Premium grade assets in their original state.

“Cavills Architects have hit the brief perfectly with that classic corporate identity. The existing café and the lobby will be repositioned and reimagined, doubling in size and capacity, and creating that extra height.”

With some exceptions, lobbies have in the past been overlooked, but Lewis said it was worth giving them greater attention.

“It’s about first impressions. Lobbies lease buildings and sell a building,” he said.

“We’re asking people to spend a third of their lives there, we want them to enjoy their arrival and departure, and which makes people entering the building, but who may not work there a sense of arrival and pride of place.”

OfficeBrisbaneAustraliaReal EstateArchitectureSector
AUTHOR
Clare Burnett
More articles by this author
ADVERTISEMENT
TOP STORIES
Global Shifts Redraw the Map for Australia’s Office Market
Exclusive

Office Eyes Slowdown as New Stock Supply Becomes a Trickle

Vanessa Croll
7 Min
Salta MD Sam Tarascio
Exclusive

Why Salta Won’t Break Ground on $400m Pipeline

Leon Della Bosca
7 Min
Exclusive

Precinct Proposals Bloom as Brisbane Middle-Ring Sheds its Past

Phil Bartsch
8 Min
Exclusive

Newest Land Lease Player Plots Sector Shake-Up

Taryn Paris
5 Min
Waterloo Affordable Mirvac hero
Exclusive

Affordable Housing Rules Tighten as Proposal Deluge Continues

Clare Burnett
5 Min
View All >
Gatton $150m Over-50s Solara Estate hero
Land Lease Communities

Undersupply Drives Regional Qld Over-50s Land Lease Plans

Phil Bartsch
Parramatta Road Rezoning HERO
Policy

Parramatta Road Rezoning Opens Way for 8000 Homes

Vanessa Croll
Sponsored

Mirvac and DisplaySweet: Decade of Innovation in Property Sales Tech

Partner Content
The 10-year collaboration has delivered more than 40 projects, transforming the off-the-plan buying experience...
LATEST
Gatton $150m Over-50s Solara Estate hero
Land Lease Communities

Undersupply Drives Regional Qld Over-50s Land Lease Plans

Phil Bartsch
4 Min
Parramatta Road Rezoning HERO
Policy

Parramatta Road Rezoning Opens Way for 8000 Homes

Vanessa Croll
4 Min
Development

Mirvac and DisplaySweet: Decade of Innovation in Property Sales Tech

Partner Content
3 Min
Global Shifts Redraw the Map for Australia’s Office Market
Exclusive

Office Eyes Slowdown as New Stock Supply Becomes a Trickle

Vanessa Croll
7 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/marquette-revamps-brisbane-blue-tower