Brisbane City Council is set to give the go head for Taiwanese based developer Shayher Group to redevelop Brisbane’s former Supreme and District Court site at 304 George Street, at the City Hall today.
The $800 million redevelopment has been dubbed an ‘iconic’ new site for the city and will see the construction of a large scale infrastructure project consisting of three towers- the largest integrated Brisbane CBD development.
The development will include an 82 storey, 274-metre tall apartment building on the North Quay side, a 32-storey, five-star hotel on the corner of Ann Street and North Quay, and a 39-storey commercial tower on the corner of George and Ann Streets.
Lord Mayor Graham Quirk said the development will bring an economic boom to the city, as it will provide at least 5000 new jobs and international exposure to Brisbane, further defining it as a new world city.
The former Supreme Courts were original constructed in the 1800s, and then were rebuilt after they burnt down in the 1970s.
Demolition of the old court buildings are hoped to start in early 2014, with completion aimed for 2018.