South Brisbane Olympics Development

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>A prime piece of riverfront property is to be transformed into a temporary media centre for the <a href="https://www.theurbandeveloper.com/articles/brisbane-host-city-2032-olympic-games">Brisbane 2032 Olympic and Paralympic Games</a>.</p><p>Brisbane lord mayor Adrian Schrinner confirmed a new precinct was being planned on a major 7ha site on Montague Road in South Brisbane, bordering West End.</p><p>The site will be purchased for the Games to house the International Broadcast Centre for the event. After the games the centre will be converted to parkland.</p><p>The venue—where the world’s media will converge during the Games—is expected to be about 60,000sq m and would be within walking distance of the Brisbane Convention and Exhibition Centre.</p><p>Schrinner said the project, <a href="https://www.theurbandeveloper.com/articles/games-inspire-golden-decade-of-development-in-qld">the first of many developments to be rolled out in time for the games</a>, aligned with the intent of the draft Kurilpa Riverfront Renewal MasterPlan which the council had been working on with the state for <a href="https://www.theurbandeveloper.com/articles/queensland-push-for-olympics-2032">several years</a>.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/a251e5da-ecbf-456d-a101-f2c55de4d67f.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ An aerial image of the proposed site for the planned media venue. Image: Nearmap</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>“For a decade and more, people have talked about South Bank being extended along this part of our river and I am so pleased we’re now moving forward to make those dreams become a reality,” Schrinner said.</p><p>“World Expo ‘88 was the catalyst for the creation of South Bank and now Brisbane 2032 will facilitate the next phase of this evolution.”</p><p>The industrial land at South Brisbane, occupied by the Parmalat milk factory, was earmarked in Brisbane City Council planning in 2014 for future urban and cultural development.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>The council confirmed that negotiations with the owner of the industrial business on the site was under way.</p><p>A similar proposal was mooted by the state government in 2012 and involved a mix of public and commercial use along the riverbank, including an entertainment, retail and dining precinct and parkland.</p><p>The IOC Future Host Commission report says the state government will provide the funding to remediate the industrial land.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/7edaa04b-9c60-4f13-b4b8-78941754a416.jpeg" width="830"/></picture><div><span style="align-content:center;opacity:0.8">▲ Aerial plan of South Bank’s expanded parkland as part of the Brisbane City Council’s draft Kurilpa Master Plan.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Brisbane is already undergoing rapid changes with $20-billion worth of major development planned or under construction as part of a committed $49.5-billion transport infrastructure pipeline.</p><p>Major development projects include the <a href="https://www.theurbandeveloper.com/articles/cross-river-rail-brisbane">$5.4-billion Cross River Rail</a>, <a href="https://www.theurbandeveloper.com/articles/queens-wharf-residences-nears-sell-out">$3.6-billion Queen’s Wharf casino and residences</a> and the <a href="https://www.theurbandeveloper.com/articles/first-look-brisbane-airports-1bn-third-terminal">$1-billion Brisbane Airport third terminal</a>.</p><p>The proposed $1-billion overhaul of the <a href="https://www.theurbandeveloper.com/articles/billion-dollar-facelift-for-gabba-stadium-">Gabba stadium</a>, home to Queensland sport including cricket and AFL for 126 years, is also earmarked to be the epicentre of Brisbane’s Olympic activity. The upgrade would increase capacity to around 50,000 people.</p><p>It would also include a new pedestrian plaza, making the Games more accessible to people with disabilities and the elderly, linking the redesigned stadium to the Cross River Rail station, which is currently under construction.</p><p>As well, the Hamilton Northshore priority development area is  being touted as the preferred location for the Brisbane Olympic Village.</p><p>The village will host more than 10,000 athletes and team officials for the Olympic Games and more than 5000 for the Paralympics.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/790c0918-05c8-4a06-8aa0-1bbbb24e8ac4.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ The proposed Gabba upgrade would increase capacity from 42,000 to 50,000 in time for the Games.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>State development minister Steven Miles said the Games would “do for Northshore Hamilton what Expo ‘88 did for South Bank”.</p><p>“Village construction will crystalise the area’s long-term plan and rejuvenate the existing industrial land,” Miles said.</p><p>“It will boost an already popular precinct—home to landmarks such as Portside, Eat Street Markets, and Alcyone Hotel, and some of Brisbane’s best waterfront living.”</p><p>After the Games, the village will be converted to a diverse residential offering, including aged care, retirement living, social and affordable housing, key worker, hotel, build-to-rent and market accommodation.</p><p>Northshore is also set to be the home of a proposed biomedical facility for Vaxxas to manufacture its world-leading, needle-free vaccines, which could be used for Covid-19.</p></div></div></div></div></div>

A prime piece of riverfront property is planned to be transformed into a temporary media centre to be used throughout the Brisbane Olympics...

From Sydney 2000 to Brisbane 2032 landing the Olympics is like “hitting the jackpot” for hotel operators with new supply ramping up in the lead up to the games.

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Landing the Olympic Games is like “hitting the jackpot” for hotel developers with the number of new projects expected to skyrocket in Brisbane by 2032.</p><p>Research by STR found that in the past two decades the hotel supply in Games host cities grew markedly, with a focus on upper- and mid-scale rooms. </p><p>The biggest number of new hotel rooms was in Rio de Janeiro in 2016 when Brazil hosted the Olympics just two years after the FIFA World Cup.</p><p>The supply increased by 16.8 per cent, or 31,960 rooms, however, “the issue for the market was filling those rooms once the event had passed”, according to the research. </p><p>This compared to Sydney, which had a 4.1 per cent increase with 39,125 rooms, however, after the event in 2000 demand for hotel rooms only declined by 0.9 per cent.</p><p>Twelve new hotels are in the pipeline for Paris in time for the 2024 Olympics, adding 1647 rooms—this relatively small number due to the city’s extensive inventory, which is expected to grown larger as the event nears.</p><p>On the back of the Brisbane Olympics, new hotel developments are expected to stretch from the Gold to Sunshine coasts in precincts <a href="https://www.theurbandeveloper.com/articles/brisbane-olympics-2032-development-infrastructure-projects">surrounding proposed venues</a>.</p><p><strong>New hotel room supply in Olympic host cities</strong></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/ea7a8164-b6e9-4de4-9d98-f78bbe4d1f76.jpg" width="800"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><sub><sup>Source: STR, summer games</sup></sub></p><p>An<a href="https://www.theurbandeveloper.com/articles/developer-lodges-brisbane-olympics-tower-plans"> application for two towers</a>, within the largely undeveloped area around the <a href="https://www.theurbandeveloper.com/articles/billion-dollar-facelift-for-gabba-stadium-">new Olympic stadium</a>, with short-term accommodation was lodged in September.</p><p>The<a href="https://www.theurbandeveloper.com/articles/brookfield-hamilton-northshore-development"> athlete’s village in Hamilton Northshore</a> will have more than a dozen towers, which will be converted to residential apartments after the Games, while <a href="https://www.theurbandeveloper.com/articles/brisbane-olympic-development-unveiled-for-southbank">Southbank</a> and <a href="https://www.theurbandeveloper.com/articles/plans-add-slimline-hotel-on-44-roma-street">Roma Street</a> will undergo rapid transformation.</p><p>The most recent hotel applications in the surrounding region include the Wagner family’s <a href="https://www.theurbandeveloper.com/articles/wagner-plans-mooloolaba-hotel-on-car-park-site">182-room hotel in Mooloolaba </a>and Manors Gate Group’s 196-room <a href="https://www.theurbandeveloper.com/articles/development-application-hotel-broadbeach-manors-gate">slender tower in Broadbeach</a>.</p><p>Developers in the region are looking beyond recent results for the hotel sector which saw the occupancy rate drop to 36.9 per cent in Queensland for August, according to STR.</p><p>The industry was hampered by border restrictions and lockdowns, which are expected to lift when Queensland officially reopens to vaccinated travellers on December 17, if not earlier.</p><p>However, the impact of another major pandemic could change everything, just as it did in Tokyo—in that city development timelines were pushed back, but hotel supply increased 5.1 per cent. </p><p>Although Covid seriously affected the hotel sector globally, it still drove investment activity in the first half of 2021 in Japan, Korea and Australia, according to CBRE.</p><p>One of the <a href="https://www.theurbandeveloper.com/articles/record-620m-hotel-deal-seals-australias-status-as-investment-destination">biggest deals</a> was the sale of the Travelodge portfolio for $620 million to the Salter Brothers under the GIC and Partners Group joint venture.</p></div></div></div></div></div>

Landing the Olympics is like “hitting the jackpot” for hotel developers with the number of new projects expected to boom in Brisbane by 2032...

e89f1b49-ee31-49b8-8bb7-eccda3f26b73

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>The vision for South Bank 2.0 is crystallising as negotiations progress for a riverfront industrial site in Brisbane’s inner-city suburb of West End.</p><p>Speaking at the Property Council of Australia Queensland lunch, Brisbane Lord Mayor Adrian Schrinner confirmed the council’s offer had been “well received” and <a href="https://www.theurbandeveloper.com/articles/brisbane-olympic-development-unveiled-for-southbank">negotiations were progressing for the 7ha site at 137 Montague Road</a>. </p><p>The site has been slated for the temporary international broadcast centre as part of the Brisbane 2032 Olympic Games. </p><p>Currently an industrial site for Visy Glass works, the buildings would be demolished, site remediation would be carried out and a power substation built for the temporary 57,000sq m international broadcast centre.</p><p>“It’s the perfect way to add to what was created at South Bank for Expo ‘88—this is going to be South Bank 2.0,” Schrinner said.</p><p>“The offer for the Visy Glass factory site has been well received and we are progressing through those negotiations now.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/4a0c42cd-18e6-4cc3-b2ac-a4838f67980b.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ A 7ha site on Montague Road at West End is part of plans for Brisbane&#x27;s 2032 Olympic Games and the extension of South Bank.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>According to the Future Host Commission Report, the land could be compulsorily acquired with fair compensation, and site preparation would require capital investment from the state government.</p><p>Under the plan, the factories along Montague Road at West End would likely move from their waterfront site over the next five years to make way for the temporary Olympic infrastructure, and ultimately an extension of public parkland. </p><p>“Everyone wants to get cracking on the Olympic opportunities and there’s a lot of work to be done … we want to measure twice and cut once, it’s neither a sprint nor a marathon,” Schrinner said.</p><p>Schrinner said the focus was on <a href="https://www.theurbandeveloper.com/articles/olympic-games-brisbane-property">building the right infrastructure and legacy for the city</a> and south-east Queensland beyond the Games.</p><p>The International Broadcast Centre would be within walking distance of five Olympic sporting venues and a shuttle bus would operate between the broadcast centre and the media centre at the Brisbane Convention and Exhibition Centre. </p><p>It would align with the council&#x27;s draft Kurilpa Riverfront Renewal Masterplan, which aims to unlock riverfront land in the industrial area of West End.</p><p>Lord Mayor Adrian Schrinner said the council had committed to deliver a new multi-use parkland on the 7ha site.</p><p>“Negotiations with the owner of the industrial business on the site continue positively,” Schrinner said.</p><p>“As soon as we can reveal more, we will ... we’re looking forward to sharing our vision for South Bank 2.0 and delivering this lasting legacy for residents and visitors to our great city.”</p><p>At the heart of Brisbane’s Olympic Games is the $1-billion redevelopment of The Gabba as the main stadium to <a href="https://www.theurbandeveloper.com/articles/brisbane-olympics-2032-development-infrastructure-projects">host the Opening Ceremony and the athletics</a>. </p><p>The Brisbane Arena will be built near Roma Street Parklands with a capacity of 15,000 people, and will host the swimming and water polo, while Ballymore would be rebuilt to host hockey matches, and a new indoor arena has been slated for Albion. </p></div></div></div></div></div>

The vision for South Bank 2.0 is crystallising as negotiations progress for a riverfront industrial site in Brisbane’s inner-city...

Libbit Holdings Proprietary Limited, led by Elizabeth and Gregory Bitomsky plan 181-unit tower near The Gabba and new Brisbane Olympic Stadium. Image: Nearmap

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Developers are eyeing the $1-billion Olympic Stadium redevelopment, lodging an application for 181 apartments at a corner block near Brisbane’s Gabba.</p><p>The plans include a two-storey podium with creative-tech workshops at ground level and short-term accommodation as well as apartments in the 14- to 18-storey towers.</p><p>Libbit Holdings, led by Elizabeth and Gregory Bitomsky, own and plan to develop the site at 9 Overend Street and 31-33 Wellington Road, East Brisbane with RAAB Family.</p><p>Rothelowman designed the building for the irregular-shaped 2671sq m site, including a communal, outdoor, work-from-home space above the podium, and a 554sq m rooftop garden and 133sq m community garden on level 14.</p><p>The apartments would be a mix of 60 one-, 101 two- and 20 three-bedroom units plus 221 car parking spaces.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/30f0ebe4-7602-45f1-9637-24fa4bff84bd.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ The building designed by Rothelowman will be targeted at people attending the Brisbane Olympics.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The Bitomsky family purchased a single Queenslander home,  which was relocated, in 2007 on one of the blocks, an ageing commercial building in 2006 and settled on the adjoining building in July, 2021 to create the site for the proposed development.</p><p>They sold their waterfront family home at 160 Macquarie Street, St Lucia to QM Properties in 2018, and also have connections to Axis Capital, which <a href="https://www.theurbandeveloper.com/articles/crowell-545-queen-street-brisbane">owned</a> the former Flight Centre headquarters.</p><p>The latest application identified The Gabba at the  “jewel of the Games” and it&#x27;s substantial refurbishments as the main driver for the development.</p><p>“The subject site is located within 280m walking distances of The Gabba and is therefore ideally located to provide accommodation to support the Olympic Games and its legacy,” the application stated.</p><p>“Accordingly, all units are proposed to be interchangeably used between permanent residential and short-term accommodation, Therefore contributing to the availability of high-quality accommodation facilities for visiting tourists while also providing flexible use of residential accommodation and short-term accommodation beyond the Olympic Games.”</p><p>Planning is well under way for 2032 Brisbane Olympics with a host of major infrastructure projects<a href="https://www.theurbandeveloper.com/articles/brisbane-olympics-2032-development-infrastructure-projects"> ready to break ground</a>.</p><p>It is expected average property prices around the 26 Games venues will be boosted <a href="https://www.theurbandeveloper.com/articles/brisbane-olympics-property-price-prediction">beyond the $1-million mark</a>.</p></div></div></div></div></div>

Developers are already taking advantage of the proposed Olympic Stadium, lodging an application for 181 apartments at a corner block near The Gabba. 

Skyportz has launched an air taxi manufacturing hub and landing pad in Qld at Australian Advanced Manufacturing Centre of Excellence in Petrie...

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Flying taxis could transport athletes around the 2032 Brisbane Olympics with the first landing site chosen and plans to manufacture the aircraft in Queensland unveiled.</p><p>Skyportz announced its plans to create a transport hub north of Brisbane in Moreton Bay at the Air Taxi World Congress in London.</p><p>The plans details the hub, the Australian Advanced Manufacturing Centre of Excellence (AACME), which is expected to be completed by 2023.</p><p>The development, headed up by Venlo Investments, will transform a 3ha site within <a href="https://www.theurbandeveloper.com/articles/moreton-bay-innovation-hub">The Mill</a> at Moreton Bay based in Petrie, near the new Sunshine Coast University Campus. </p><p>Skyportz chief executive Clem Newton-Brown said they had been accumulating sites since 2018 and have 400 property partners ready to build “mini airports” across the country. </p><p>“There is strong political support to develop a new era in clean, green electric aviation in Australia, however, we are waiting on federal standards and new state regulations to be developed before we can proceed to building a network,” Newton-Brown said.</p><p>“For this reason we are focusing initially on existing aviation infrastructure and places where it is possible to get a permit for a helipad which can transition into a future Skyportz. </p><p>“The AACME site was already proposing a helipad so this partnership has enabled us to bring forward our plans.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/03519723-6643-4ca9-b2f2-3e49cc1228f7.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ The Mill is a 460-hectare state priority development area and includes the Petrie Town Centre, Petrie Rail Station and the former Amcor Petrie Paper Mill site.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Newton-Brown, a former deputy lord mayor of Melbourne and Yarra River water taxi service provider, said they were also in the process of identifying sites near the Olympic venues to join the network of facilities.</p><p>AAMCE director Ty Hermans said the site was perfectly suited to become a major transport hub and support the future of air mobility and was located near a major metro train station.</p><p>“We are providing for it as part of our design phase that we are currently in at the moment,” Hermans told <em>The Urban Developer</em>.</p><p>“Obviously it is subject to various approvals in the future. </p><p>“To us it makes perfect sense that the most advanced manufacturing centre in Australia should include the most advanced transport system possible in its design.</p><p>“Brisbane is busily preparing for the Olympic Games in 2032 which will provide a great opportunity for the city to embrace a new form of transportation and showcase it to the world.”</p><p>Hermans said the development was quickly gaining international interest and would be focused on commercial manufacturing rather than innovation. </p><p>The announcement follows <a href="https://www.theurbandeveloper.com/articles/vicinity-pilots-drone-delivery-model">Vicinity Centres strategy</a> to increase its drone delivery program across the country for retail purchases.</p><p>However, the Skyportz vehicles operate on a larger scale with the company <a href="https://www.theurbandeveloper.com/articles/vicinity-pilots-drone-delivery-model">signing an agreement</a> with Electra.aero to buy 100 vehicles with the ability to lift up to 800kg expected to service Melbourne.</p></div></div></div></div></div>

Brookfield Residential Properties is planning another tower in Northshore Hamilton near the site of the Brisbane 2032 Olympic Athletes’ Village.

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Brookfield Residential Properties is planning another tower in Northshore Hamilton near the site of the Brisbane 2032 Olympic Athletes’ Village.</p><p>Six two-storey townhouses and 186 apartments are planned for building 19 on Macarthur Avenue, Hamilton. Childcare, office, retail offerings and a tourist facility are slated for the building’s commercial floorspace.</p><p>The Cottee Parker-designed 16-storey tower sits atop a four-storey podium and recreation deck on the 3384sq m site currently home to the Brisbane Cruise Terminal Building.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/905eafb3-9eb2-47a2-8ae6-f48fcf65354d.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ The latest Brookfield tower planned for Northshore Hamilton and the current developments under way. Image: Cottee Parker</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Brookfield has <a href="https://www.theurbandeveloper.com/articles/brookfield-gets-green-light-for-1000th-portside-hamilton-apartment">won approval </a>for more than 1000 apartments in the area including the recently-completed building 16 A-B Gallery House, approved 18 Olandia and launched 17 Rivello.</p><p>Other developments in the area include Wentworth Equities<a href="https://www.theurbandeveloper.com/articles/wentworth-significantly-redesign-650m-hamilton-towers"> triple-tower development</a> at 19 Hercules Street and towers surrounding the Portside Wharf open mall. </p><p>The Hamilton Northshore priority development area will eventually encompass 304-hectares along the Brisbane River.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/2355dfa8-29e7-4027-8ff4-4f96e4a00c2b.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ A first look of the Brisbane 2032 Olympic Athletes Village located around Eat Street along the river.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The region currently used for commercial warehouses and parking will also soon be home to the Olympic <a href="https://www.theurbandeveloper.com/articles/green-bridge-to-connect-olympic-village-to-cbd">athletes’ village</a> which will house 10,000 athletes and team officials. </p><p>The athletes village will be located further east towards the 2017 developed Eat Street Northshore shipping container hospitality site.</p><p>After the games the precinct would be converted to accommodate residential offering, including aged care, retirement living, social and affordable housing, key worker, hotel, build-to-rent and market accommodation.</p><p>The area is expected to generate $500 million in private sector investment.</p></div></div></div></div></div>

Brookfield Residential Properties is planning another tower in Northshore Hamilton near the site of the Brisbane 2032 Olympic Athletes’ Village...

Oympics Queensland

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>A collection of 32 prominent business and sports personalities have urged premier Annastacia Palaszczuk to commit to south-east Queensland&#x27;s bid for the 2032 Olympics, which is due by the end of the month. </p><p>The state government previously unveiled soft infrastructure plans and confirmed the bid would go beyond just Brisbane to involve other parts of the state.</p><p>In an attempt to fast track the process, Brisbane lord mayor Adrian Schrinner has written an open letter to the premier encouraging the bid in order to bring the “world’s most spectacular event” to the region.</p><p>The open letter is signed by business leaders such as Brisbane Airport Corporation chief executive Gert-Jan de Graff, Aria Property Group founder Tim Forrester, Hutchinson Builders chairman Scott Hutchinson as well as sporting figures Darren Lockyer, Ian Healy and Duncan Armstrong.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/27dca0a9-f1d3-4ef8-9477-f9097ed8e84d.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ Queensland has until the end of December to decide whether it will officially bid to host the 2032 Olympic games.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Schrinner explained that nearly 85 per cent of the proposed venues for Queensland&#x27;s bid currently exist, pointing at the outlay of 2020&#x27;s hosts, Tokyo, which is spending upwards of $37 billion on its own Olympic preparations.</p><p>Premier Annastacia Palaszczuk and prime minister Scott Morrison are both on the Olympics taskforce that is putting together the potential bid, alongside Brisbane lord mayor Adrian Schrinner and Australian Olympic Committee boss John Coates.</p><p>“We are not talking flow on benefits for years—it will be decades—you only need to look south to Sydney to see the lasting positive legacies of hosting an Olympics Games,” Brisbane lord mayor Adrian Schrinner said.</p><p>“We are not talking about millions of dollars in investment—it’s billions.”</p><p>The government’s own research estimates more than $22 billion in flow-on benefits for Brisbane and the regions from staging the Olympics, while there will also be a direct cash injection of $2.7 billion by the International Olympic Committee (IOC) once selected as the host city.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/ceb92e3e-0cc8-422a-9e5e-0e39248d345d.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ Sport and business leaders have called on Premier Annastacia Palaszczuk to make the commitment after signing an open letter written by Brisbane&#x27;s Lord Mayor Adrian Scrinner, addressed to premier Palaszczuk. </span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Earlier this year, a new 80,000 seater stadium was proposed in alignment with the potential bid, sounding out Victoria Park golf course as the potential location. </p><p>Parkland alongside Ballymore along with the Roma Street railyards, could also see $2 billion worth of redevelopment plans fast-tracked in order to create new sporting arenas, while Suncorp Stadium and the Gabba would be used for secondary sporting events.</p><p>“We believe that our state and region have more than adequately shown an ability to host major events and deliver results that far exceed the expectations of organisers and participants,” Schrinner said.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/754a31db-6fe9-47c3-a65d-156b6a12ce9a.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ Schrinner believes the lingering memories of the successful Sydney Olympics in 2000 will convince Australians of the merit of a serious bid for the 2032 Games. Image: Associated Press</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>“We get to build and keep lasting infrastructure, gain world-wide attention and reap the economic benefits through tourism and investment for decades to come.”</p><p>The final assessment on whether the bid would be viable, and whether it would potentially include any events held across the ditch, is set to be made to state cabinet before the end of the year.</p><p>The decision by the International Olympic Committee would not need to be made public until 2025 with the bidding process normally placed by 2023, with China and Russia looming as the main rivals.</p><p>The initial bid will be assessed by the IOC executive committee, before finally being signed off by the more than one hundred IOC delegates.</p></div></div></div></div></div>

Brisbane lord mayor Adrian Schrinner has written an open letter to the premier encouraging an Olympic bid for 2032.

Southport Sharks is aiming to be part of Brisbane 2032 Olympics unveiling a new “boutique stadium” for 8000 to 10,000 people and a triple tower residential development.

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Southport Sharks wants in on the Brisbane 2032 Olympics, unveiling a new “boutique stadium” for 8000 to 10,000 people and a triple-tower residential development.</p><p></p><p>Although the latest stadium was not listed in the <a href="https://www.theurbandeveloper.com/articles/brisbane-olympics-2032-development-infrastructure-projects">official Olympic venues</a>, the Sharks stadium designs were also created by Urbis.</p><p></p><p>The project would be built on the existing club site on Musgrave Avenue at Southport, to the north of the Griffith University Gold Coast campus and the Gold Coast Hospital.</p><p></p><p>The masterplan showed a new stadium, female facilities, outdoor entertainment venue, aquatic centre, basketball courts, a soccer field and netball courts.</p><p></p><p>A residential development with “opportunities” to add build-to-rent, retirement and affordable housing across three towers, would be built on the existing carpark.</p><p></p><p>The 13.5ha site capitalises on existing transport infrastructure created during the 2018 Commonwealth Games.</p><p></p><p></p><p></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/886cacf2-6958-4f49-adad-75ceb0079c41.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ Southport Sharks will be home of its senior football teams in both the VFL and QAFLW competitions.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Southport Sharks chief executive Dean Bowtell said the plans also propose new facilities to support business, events and broadcasting as a leading sports tech sector.</p><p></p><p>“In the lead up to the 2032 Olympic and Paralympic Games, we are very focussed on the opportunity for Southport Sharks to be a cornerstone of Queensland’s emerging sports tech sector,” Bowtell said.</p><p></p><p>“We will keep building on our assets and the capabilities of our team, both on and off the field, to partner with other organisations in areas like athlete management, data analytics, wearables, fan engagement, stadium experience, esports and media, to position the precinct as the leading centre for sports tech in Queensland.”</p><p>Development across the Gold Coast has heated up since the start of the pandemic with <a href="https://www.theurbandeveloper.com/articles/gold-coast-housing-market-update">properties increasing in value $400 a day</a>. </p><p>One of the <a href="https://www.theurbandeveloper.com/articles/major-development-projects-gold-coast">biggest projects in the city</a> is in Southport, a 108-storey super tower by Azzura Group.</p></div></div></div></div></div>

Southport Sharks is aiming to be part of Brisbane 2032 Olympics unveiling a new “boutique stadium” for 8000 to 10,000 people and residential towers

The Queensland regional quarantine facility will be built by Wagner near Toowoomba Wellcamp Airport.

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>The Queensland government is pushing forward with a regional quarantine facility despite failing to secure Commonwealth funding for the project.</p><p>The landowner, Wagner Corporation, has started early works on the 1000-bed facility near Toowoomba Wellcamp Airport, which will be open for use by the end of this year.</p><p>The announcement follows the state putting an immediate pause on interstate hotspot arrivals to Queensland’s hotel quarantine on August 25. </p><p>The facility was announced early this year, however, the federal government did not support the plans, instead proposing its own 1000-bed facility near Brisbane Airport, which the state government agreed to 10 days ago.</p><p>The Wellcamp plans would be modelled on the Howard Springs development designed by AECOM with greenspace corridors, balconies and recreation facilities.</p><p>People needing to quarantine would be transported by bus or helicopter to the Toowoomba site, which would also have space for police and health professionals to stay on site.</p><p>The cost of the project was deemed commercial-in-confidence but “worth it”, according to the state government, as the last lockdown cost the state about $1 billion.</p><p>The state would lease the facility from Wagner for one year with the option to extend it by two or three years and the potential for the nearby airport to be utilised further.</p><p>Premier Annastacia Palaszczuk said the project was a “no brainer”.</p><p>“We are going to have this facility starting to be up and running by the end of the year with 500 beds, and 1000 beds by the first quarter of next year,” Palaszczuk said.</p><p>The premier said using the site during the Brisbane 2032 Olympics was also a “good idea”.</p><p>Deputy premier Steven Miles said the facility would help Queensland to continue to open up and avoid expensive lockdowns.</p><p>“It’s clear there is an urgent need for alternative facilities in Australia,” Miles said.</p><p>“We need a facility like this urgently, and the Wellcamp proposal will be ready months before any other proposed facility in Queensland.”</p><p>Wagner Group chairperson John Wagner said work head begun.</p><p>“We are working through the final design criteria to make sure we have the best fit-for-purpose regional accommodation facility for return travellers that there is in the country,” Wagner said.</p><p>“It will create a lot of local employment (for) our local producers, just by the fact we have to produce 3000 meals a day.”</p></div></div></div></div></div>

Wagner Corporation has started early works on the 1000-bed, fit-for-purpose Queensland quarantine facility near Toowoomba Wellcamp Airport

What the Games Means for Brisbane’s Property Market 

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>With the newly-announced <a href="https://www.theurbandeveloper.com/articles/brisbane-host-city-2032-olympic-games">Brisbane Olympic Games</a> some 11 years away, the flow-on effects are likely to be gradual and centred around significant infrastructure upgrades and the associated medium-term uplift in jobs and longer-term improvements in transport efficiency</p><p>The most significant positive influence on the housing market is likely to be seen in the years leading up to the 2032 Olympics, rather than during the four weeks of the Olympic and Paralympic games themselves. </p><p>Large infrastructure projects tend to have a positive influence on housing prices, with the extra requirement for workers creating additional demand for housing during the construction process. </p><p>Large projects also tend to leave a legacy of a permanent housing demand uplift, either through additional employment or via other benefits such as improved transport options and travel efficiencies related to transport infrastructure projects as well as additional amenity introduced to the area including social and retail outlets. </p><p>As more detail comes to light about where these projects will be located we should get a better understanding of the housing market opportunities, however, the obvious candidate for an uplift in demand is Woolloongabba and the surrounding suburbs. </p><p>The proposed billion-dollar overhaul of the Gabba stadium is set to be the epicentre of Olympic activity. </p><p>Along with the Cross River Rail terminal and plaza, this precinct is likely to see a lift in desirability. </p><p>The area is already popular with investors, with around two thirds of the housing stock in and around Woolloongabba being rented. The proximity of the Princess Alexandra Hospital and Mater Hospital provide a permanent level of localised housing demand, along with easy access to the Brisbane CBD, universities and Southbank precincts. </p><p>Currently, Woolloongabba unit prices are at the lower end of the inner south unit markets with a median unit value of $458,000; about $94,000 lower than Kangaroo Point’s median unit value, $85,500 lower than West End and $38,000 lower relative to South Brisbane. </p><p>The lower price point combined with upcoming capital investment on infrastructure are likely to be a popular combination with investors and developers alike. </p><p>Other areas set to benefit would be the proposed sites for athlete villages, earmarked for Hamilton and Robina, along with areas set to benefit from transport infrastructure upgrades including the Gold and Sunshine coasts via upgrades to the M1 Pacific Motorway and Bruce Highway which could be accelerated. </p></div></div></div></div></div>

The Olympics should work as a positive influence on Brisbane housing market conditions...

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Plans for the Roma Street Cross River Rail Priority Development Area have been approved to include a new indoor arena to host swimming and water polo at the 2032 Brisbane Olympic Games.</p><p>Deputy Premier Steven Miles said the plan would provide “exciting opportunities” for the future of the area and would also include more parkland, and a mix of social and affordable housing to a maximum height of 12 storeys. </p><p>“Hosting the 2032 Games will mean a 10-year pipeline of construction jobs, trade and investment opportunities, and legacy projects that will benefit Queenslanders for decades to come,” Miles said.</p><p>“The Roma Street precinct will include a new indoor arena, as well as more publicly accessible open space for people to enjoy.”</p><p>An additional 2ha of public space will be added to the Roma Street Parklands along with new residential buildings along Parkland Boulevard, which would include a mix of social and affordable housing.</p><p>Cycling and pedestrian paths would connect to the <a href="https://www.theurbandeveloper.com/articles/olympic-games-brisbane-property">Olympic </a>indoor arena next to the heritage former Roma Street Railway Station, which has been earmarked for adaptive reuse. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/dfdd4ac7-3b53-4042-a49a-f725cc658842.png" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ More residential buildings will be built along Parkland Boulevard, including social and affordable housing to a maximum height of 12 storeys. </span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Queensland minister for transport and main roads Mark Bailey said the precinct would be an integral part of the 2032 Olympic and Paralympic Games with the delivery of an indoor arena for swimming and water polo events.</p><p>It was originally pitched as the <a href="https://www.theurbandeveloper.com/articles/queensland-unveils-brisbane-live-precinct-development-strategy">Brisbane Live arena</a>, a 17,000-seat entertainment venue pegged for Brisbane&#x27;s CBD.</p><p>The Cross River Rail underground station is expected to serve 46,000 daily commuters and will connect to bus services to create the state’s busiest transport hub.</p><p>Tunnel-boring machines are close to breaking through at Roma Street with underground blasting currently under way to excavate in preparation. </p><p>A ministerial spokesman confirmed the first tunnel boring machine, Else, was expected to break through in the next week, while the second, Merle, was expected five or six weeks later.</p><p>“The huge underground cavern for Cross River Rail’s new Roma Street station is almost fully excavated,” Bailey said.</p><p>“Crews have been working up to 33m below ground to excavate the 280m-long cavern.</p><p>“More than 130 workers have been involved in this part of the Cross River Rail job, getting the site ready for the arrival of the project’s ... tunnel-boring which are currently making their way beneath the CBD.”</p><p>The Roma Street Cross River Rail PDA covers about 32ha as a gateway to the city centre. </p><p>It also includes provisions for a new public plaza beside the new Cross River Rail station building.</p><p>When complete, the $5.4-billion rail project will include a 10.2km  rail line from Dutton Park to Bowen Hills, including 5.9km of tunnel under the Brisbane River and city centre.</p><p></p></div></div></div></div></div>

Plans for the Roma Street Cross River Rail Priority Development Area have been approved to include an Olympic arena for swimming and water polo... 

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Towers on stilts will punctuate Brisbane’s skyline in the future as the Brisbane City Council prepares to shake-up planning provisions in a new masterplan. </p><p>The council has released an interim Brisbane City Centre Masterplan to reinvigorate the city’s “engine room” and kickstart its economy with a more walkable and welcoming CBD.</p><p>Speaking at a Property Council launch event, Brisbane’s deputy mayor Krista Adams outlined 15 key priorities for the next 18 months that she described as “low-hanging fruit”.</p><p>Adams also foreshadowed changes to building provisions in the 2032 masterplan, shifting away from podiums and setbacks to towers on stilts to provide more ground-level activation, public realm, and to emulate Melbourne’s laneways.</p><p>“The revised city centre masterplan is a short-term strategy … it will help bring the CBD back to where it used to be pre-Covid,” Adams said. </p><p>“We have gone about 32 per cent down in the Queen Street Mall on pedestrians at the moment, and that has been pretty consistent for almost a year. </p><p>“The health of the city is really contingent on having people in it.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/41b67265-e155-4c0a-9837-4fea0d2f6846.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ CBD streets could be temporarily closed for events as part of the Brisbane City Centre Interim Masterplan.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Adams said the plan would focus on “beefing up” the events calendar and investigating a “streets for people” concept where CBD streets could be temporarily closed for an event. She also expressed her support for a more vibrant night-time economy where you could “buy shoes at midnight”.</p><p>Adams said the 2032 City Centre Master Plan would build on the 2014 Buildings That Breathe planning provisions to incorporate further green initiatives including green steel, green concrete and more outdoor spaces.</p><p>“There have been 18 new towers in the CBD since 2014 … and there <a href="https://www.theurbandeveloper.com/articles/major-development-projects-brisbane">continues to be strong approvals for construction in the CBD</a>,” she said.</p><p>“We’re not prepared to sit back and wait for our city to recover and that’s why we are stepping in with this roadmap to reignite the CBD as a vibrant destination where everybody wants to be.”</p><p>The City Centre Master Plan Stage 1 details 15 priority actions across five themes—welcoming, connected, animated, beautiful and unlocking potential—to be delivered over the next 18 months.</p><p>These concepts include a year-round program of activities and events, <a href="https://www.theurbandeveloper.com/articles/brisbane-olympics-albion-park-paceway-demolished">activating planned Olympic and Paralympic “live sites” </a>to show major sport matches and cultural events, enhanced public transport, pedestrian and cycling infrastructure and facilitating <a href="https://www.theurbandeveloper.com/articles/consolidated-properties-lodges-plans-toowong">sub-tropical design of buildings</a>, streets and <a href="https://www.theurbandeveloper.com/articles/victoria-park-transformation">public spaces to make the city centre greener and cooler</a>. </p><p>Property Council Queensland executive director Jen Williams said interim measures such as pop-up events and empty shopfront activations would help to revitalise Brisbane’s CBD.  </p><p>“As it is not yet clear which of the social trends emerging over the past 18 months will be structural and which are temporary, an interim action plan is needed to help build momentum while life returns to normal,” she said.</p><p>“The property council looks forward to working in partnership with Brisbane City Council on the delivery of stage 1 of the masterplan, and contributing to the development of a new masterplan over the coming years.”</p><p>Next year the Brisbane City Council will call for ideas to feed into the Brisbane City Centre Masterplan 2032, which will be released in 2023. </p></div></div></div></div></div>

Towers on stilts will punctuate Brisbane’s future as the Brisbane City Council shakes up planning provisions to reinvigorate the CBD...

BRISBANE OLYMPICS