Australian real estate investment trust Dexus has unveiled new designs of its Eagle Street Pier waterfront redevelopment following a change in direction from the original concept.
The original concept design involved the complete closure of Eagle Street to vehicle traffic and a wider riverfront boulevard, however, the idea of the road closure was knocked back by the Brisbane City Council.
Under the proposal, Eagle Street Pier will be renamed to ‘Waterfront Brisbane’ and involves the construction of two commercial towers located where the current Eagle Street Pier restaurant precinct resides as well as new restaurants and a waterfront promenade.
As the site involves areas that are state-owned land, the Queensland Government has given Dexus the green light through the government’s new Investment Facilitation and Partnerships framework.
The development value is estimated to be in the vicinity of $2.1 billion and would provide around 7,900 square metres of open space, with around 3,900 square metres being around the Eagle Street Pier area.
Eagle Street Pier was originally built for Expo 88 and is the last remaining slice of riverfront land to be redeveloped since the expo over 31 years ago.
Dexus chief investment officer Ross Du Vernet said Waterfront Brisbane was arguably a missed opportunity for the past 30 years.
“The amenity, the public realm, the access to the riverfront is all going to be transformed to create a world-class tourism and leisure destination,” Mr Du Vernet said.
Now that the Queensland Government has given the go-ahead, it is anticipated that Dexus will begin to submit the actual development applications required next year, with construction slated for 2021 and total completion by 2026.
The Dexus plans are separate from the Brisbane City Council’s draft City Reach Waterfront Master Plan which it unveiled last month, involving the redevelopment of the 1.2 kilometre waterfront stretch of the Brisbane River from Howard Smith Wharves to the new proposed Kangaroo Point pedestrian bridge.
The draft Council plan promotes more green space and trees, public art, decorative lighting, highlighting heritage features and increasing the width of the popular promenade.
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/5Based on 17 rating(s)
Architectural design
Building amenities
Building greenery (Buildings that breathe)
Public realm / Street activation
Sustainability
By 17 reviewer(s)
3tactics
1sardinian
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Suburbs To Benefit From Brisbane Infrastructure Projects
[…] more details here’s the link to the Brisbane Development website. You can download the full Master Plan […]
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Troy Anderson
No way, this is laughable how tacky is this junk and it’s a prime site. Give us something taller, iconic and better public, river access like option 1. How do we stop this.
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Matty
I agree with almost every comment here! Dreadful proposal.
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Ben Colby
Is Dexus kidding? This is horrendous. Should have stuck with plan A. Only one iconic tower is required and far more open public space that integrates with the Brisbane river. These developers need to be held to account and not allowed to build rubbish like this that ruins our city.
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Tony Collins
How about just one slender tower in the middle, set a bit further back or no tower at all. Otherwise, I basically agree with everyone else ‘s comments. Regards.
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Craig Butters
I prefer the previous plan. Are the towers closer to the river because of the refused closure of Eagle St therefore a smaller area to work with?
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Aaron
Very poor outcome for such an iconic location. I hope it doesn’t go ahead in its current form and is vastly improved upon.
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Nathaniel
These towers will ruin the aesthetic feel of this part of Brisbane. It will also cover up the Gold and Blue towers one of Brisbane well known icons. I think this redevelopment should have no towers maybe some parks and five story buildings.
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Helen
Please for the love of god and logic and common sense, give cyclists/scooters a separated path. This is a very busy commuting corridor for ppl travelling to and from work and with the bcc doing nothing to provide safe cycle paths on the roads we r forced to use this and there is nothing worse than trying to dodge tourists and clueless pedestrians.
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