Cbus Property’s plans for a globally significant premium apartment building at 443 Queen Street have passed their final approval hurdle and marketing of the project.
The Planning and Environment Court today dismissed an appeal against Brisbane City Council’s approval of the project, clearing the way for the creation of Brisbane’s first truly subtropical apartment tower.
Effectively a tower on stilts, the new building will celebrate its location with a large void created at ground level to create new views to the heritage listed Customs House next door and from Queen Street through the site to the Brisbane River and Story Bridge.
It will transform the Customs House precinct by creating a new pedestrian link between Queen Street and the Brisbane River and by linking Customs House to the nearby park.
Cbus Property, the property investment arm of industry superannuation fund Cbus, is presently developing the 1 William Street office tower and regards this new project as one of its flagship residential projects in Australia.
CEO Adrian Pozzo welcomed the court decision and said he was looking forward to getting on with construction.
“443 Queen Street will set a new benchmark for apartment living. The design celebrates the Queensland climate, with natural light and ventilation throughout and gardens on every level, and we’re excited to be finally underway,” Mr Pozzo said.
“A development of this nature has never been done in Brisbane before and 443 Queen Street will become iconic and synonymous with Brisbane’s relationship to the river.”
The tower has been designed by Brisbane firm Architectus, led by Elizabeth Watson Brown, and the internationally renowned and award winning Australian architect Richard Hassell, of Singapore-based WOHA Architects.
Ms Watson Brown said she expected 443 Queen Street to be a transformative building for Brisbane.
“I believe it will be a beautiful place to live but it will also influence future development here and help shape the maturing global identity of Brisbane as a unique subtropical city.”
The building will include 264 premium apartments all enjoying spectacular views of the Brisbane River.
As a result of final approval, selling agent CBRE will immediately resume taking expressions of interest and install a sales suite on site in preparation for a project launch later this year.
CBRE’s Managing Director of Residential Projects Paul Barratt said buyer interest in the apartments has exceeded any project released in Brisbane in the last ten years, due to the quality of the project and its CBD riverfront site.
Buyers can register their interest at the website 443queenst.com.