A subsidiary of the Brisbane-based Morris Property Group has submitted a revised development application for a 27-storey office tower in inner-city Brisbane.
The proposal for an office tower replaces the original application for a 30-storey residential tower by the property group in February 2017. A new architect, NRA-Co-Lab, has been appointed.
Located on a prominent corner in Wharf Street, Spring Hill, the site offers three street frontages. The new scheme features 24,416sq m of NLA and two ground floor retail tenancies. The tower comprises a basement, lower and upper ground sections, a four-level podium and 20-storeys of A grade, 5-star Green Star accredited office space.
The developer was likely encouraged by new figures showing promising movement in Brisbane’s commercial market – with forecasts predicting Brisbane’s commercial market will achieve double-digit prime rental growth by year-end 2020.
[Related reading: Brisbane’s Office Market a Viable Alternative]
Morris Property Group development manager Brodie Lister spoke to The Urban Developer last year following the development application at 343 Albert Street.
"There is always demand for larger floor plates and [premium grade] buildings in good locations. The Brisbane commercial market has been in a soft cycle for a number of years due to factors including the mining investment slump/maturity, the shift in state government departments and new towers built on speculation.”Morris Property Group development manager Brodie Lister
[Related reading: 30-Storey Mixed-Use Tower in Brisbane Proposed to Replace Suncorp]
The proposed development’s site coverage is 73.75 per cent, substantially larger than the 60 per cent identified by the Spring Hill Neighbourhood Plan.
“Based on the requirements of the Neighbourhood Plan, the acceptable GFA would be significantly smaller and would not be appropriate for A grade commercial space,” the proposal argued.
“The development provides improved public benefit at the street level through high quality public realm and streetscape improvements, as well as a public outdoor space including new planting and seating.”
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