Devine Ltd has teamed up with Marquette Properties to develop a 20 storey office tower on the corner of Albert and Margaret Streets. Designed by Donovan Hill and BVN Architecture, the tower will accommodate around 18,000m2 of office space, a ground level supermarket, ground level cafe and bicycle facilities.
Now approved by the Brisbane City Council, there is a proposed ‘bike floor’ which will be able to store up to 400 bike racks, 600 lockers and around 40 showers while also including a bike ramp up to the second level.
The proposal sill requires pre-commitments however the developers will be targeting the expanding energy and mining sectors which have a fairly large presence in this quarter of the CBD. Devine’s decision to team up with Marquette Properties is in line with Devine’s strategy to focus more on the residential market.
Marquette Properties is the developer of AM60, a newly completed $180 million dollar commercial building located across the road from AM30. AM30 is also situated directly across from the planned Albert Street Cross River Rail station.
Construction is mooted to commence next year. The DA number for this application is: A003220666