Earthworks have commenced on 15 Green Square Close, Fortitude Valley which is being developed by The City of Brisbane Investment Corporation Pty Ltd (CBIC). The $123 million dollar CBIC is an investment entity set up by the Brisbane City Council to provide further revenue for Brisbane ratepayers, a similar investment vehicle as the Queensland Government’s Queensland Investment Corporation. Last year the Brisbane Times reported that the CBIC recorded a $34m profit which will go back into the BCC budget.
15 Green Square Close is a 12 storey commercial tower and has been designed by Cottee Parker Architects. The tower is expected to achieve a 5 star green star sustainability rating. It is situated in the Green Square office precinct which has a large Brisbane City Council commercial office presence.
Stats:
- Total GFA: 20,065 sqm
- Total NLA: 16,302 sqm
- Total Car Spares: 148
- Site Area: 2,519.3 sqm
- DA Code: A003020638
