The Newman Government has finalised the sale of the former Brisbane Supreme and District Courts in George Street, allowing for the largest single development to date in the Brisbane CBD.
Housing and Public Works Minister Tim Mander said the Government had sold the site to the Shayher Group to redevelop into a mixed-use precinct including a 5-star hotel.
“The legal precinct in George Street has undergone a huge transformation in recent years with the completion of the eye-catching new Queen Elizabeth II Courts of Law complex which opened in late 2012,” Mr Mander said.
“The redevelopment of the old site on the corner of Adelaide and George Streets will further rejuvenate the area and provide much needed 5-star accommodation for visitors to Brisbane.
“It is very rare that a site of this size that backs on to the Brisbane River becomes available for development.
“Shayher Group will commence early site works as soon as possible, creating approximately 5,700 direct and indirect jobs over the life of the project.
“When considered with the construction of 1 William Street, the redevelopment will add further stimulus to the construction industry.”
Shayher Group spokesman Peter Sia said it was hoped the redevelopment, which includes a hotel, office block and residential towers, would also feature a fitting nod to the site’s past.
Mr Mander described the development as exciting and said it was expected to be completed by 2018.
“In fact it will be the biggest single development to date in Brisbane’s CBD,” he said.
“What is planned here is a mixed-tenancy development which will comprise of a 70-storey residential tower, a 30-storey office block and an 18-storey, five-star, world-class hotel which will have at least 190 rooms.”
Mr Sia said while construction would start as soon as possible, more work needed to be done on the design.
“Even though they (the planned buildings) are good looking they are very much conceptual and we want to better the design by bringing international architects to work together with local architects to make the buildings more iconic for Brisbane,” he said.
Mr Sia would not reveal the end value of the multimillion-dollar development but said he expected the value to be “quite high”.
As a requirement of the sale, developer Shayher Group was required to deliver a residential and serviced apartment tower with a gross floor area of approximately 65,000 square metres.
In addition, there will also be a commercial office tower of about 45,000 square metres.
Ms Stuckey said new hotels in Brisbane will help the State Government achieve its target of $30b in overnight visitor expenditure by 2020.
The soon-to-be redeveloped Supreme and District Courts Building in George Street was built in the 1970s, replacing the original building built in the 1800s which was destroyed by fire.
The original building was designed by the Colonial Architect, FDG Stanley and was built by the Petrie Construction Company in the 1870s.
The design and height of the development is yet to be finalised, however an artist’s impression has been released showing several conceptual towers ranging in height.
In December 2011, the then Labor government announced a tender process to sell off the site and recommended that the proposal should include a new Brisbane theatre to replace the old Regent Theatre which was recently demolished to make way for a now defunct office tower proposal.
Brisbane Development will keep you updated as soon as final plans are revealed.