The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
UPCOMING EVENT - INDUSTRIAL AND LOGISTICS SUMMIT 16 OCTOBER, SYDNEY
INDUSTRIAL AND LOGISTICS SUMMIT - TICKETS NOW ON SALE
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OfficeDinah Lewis BoucherWed 07 Aug 19

Silverstone Inks Deal on Brisbane Redevelopment of 458 Wickham Street

0e7493dc-7e41-4476-b6df-7c8066d556fd

Silverstone Developments has entered into an agreement with the Queensland government for the redevelopment of the PCYC and and a 12-storey commercial development in Brisbane’s Fortitude Valley.

The two parties agreed to develop a new facility on a portion of the site at 458 Wickham Street, located two kilometres from Brisbane’s CBD, lodging a development application to Brisbane City Council last week.

Silverstone Developments managing director Troy Daffy described the development as an important local project.

“We’re looking forward to continuing our involvement in the local area by delivering an exciting new space for the iconic PCYC Fortitude Valley,” Daffy said.

The developer, which has delivered heritage-building refurbishments in Fortitude Valley and inner-city suburbs Teneriffe and Spring Hill, also has plans for a commercial office development on the remainder of the Wickham Street site.

Plans for 458 Wickham Street to become a four-storey glass-paneled building.


Subject to approvals, construction is slated to commence later this year, with the completed rejuvenation slated for mid-next year. The Fortitude Valley’s PCYC has been in operation since 1965.

Development and planning minister Cameron Dick said the deal was an opportunity to upgrade ageing infrastructure.

“Government in consultation with PCYC Queensland ran a competitive bid process, seeking private sector participants to deliver the new PCYC Fortitude Valley facility,” Dick said.

Dick expects the development will create 162 jobs during construction, and will be financially backed by Silverstone developments.

This week Sydney fund manager Millinium Capital announced plans for a $180 million international university campus and 30-storey tower comprising student accommodation, co-living and co-working space at Fortitude Valley's 240 Brunswick Street and 11 Overells Lane.

OfficeInfrastructureAustraliaBrisbaneConstructionPlanningPlanningSector
AUTHOR
Dinah Lewis Boucher
More articles by this author
ADVERTISEMENT
TOP STORIES
a land lease community home in white at a gemlife development, a type of home which could be the answer to the housing crisis
Residential

‘We are the Solution’: Land Lease Shake-Up Stirs into Life

Renee McKeown
5 Min
Korean coliving hero
Exclusive

Disconnection by Design: Why ‘Untech’ is the Next Big Amenity

Clare Burnett
5 Min
Global Shifts Redraw the Map for Australia’s Office Market
Exclusive

Office Eyes Slowdown as New Stock Supply Becomes a Trickle

Vanessa Croll
7 Min
Salta MD Sam Tarascio
Exclusive

Why Salta Won’t Break Ground on $400m Pipeline

Leon Della Bosca
7 Min
Exclusive

Precinct Proposals Bloom as Brisbane Middle-Ring Sheds its Past

Phil Bartsch
8 Min
View All >
Industrial

Centennial’s Paul Ford: From Vision to Industrial Vanguard

David Di Marco
a land lease community home in white at a gemlife development, a type of home which could be the answer to the housing crisis
Residential

‘We are the Solution’: Land Lease Shake-Up Stirs into Life

Renee McKeown
Legal

Court Freezes Assets as $160m Property Scheme Unravels

Vanessa Croll
From Main Beach apartments to Southport towers, projects are frozen while receivers trace investor funds and builder cla…
LATEST
Industrial

Centennial’s Paul Ford: From Vision to Industrial Vanguard

David Di Marco
3 Min
a land lease community home in white at a gemlife development, a type of home which could be the answer to the housing crisis
Residential

‘We are the Solution’: Land Lease Shake-Up Stirs into Life

Renee McKeown
5 Min
Legal

Court Freezes Assets as $160m Property Scheme Unravels

Vanessa Croll
2 Min
Darwin Sentinel Industrial East Arm Deal hero
Industrial

Sentinel Property Expands NT Portfolio with $57.4m Buy

Phil Bartsch
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/-developer-inks-deal-with-qld-gov-on-brisbane-redevelopment