ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Silverstone Lodges Plans for 9-Storey Medical Facility

4af48343-ba04-4efe-8ecc-d0d28cdd5e79

Silverstone Developments is planning a purpose-built medical facility in Brisbane's fringe CBD suburb of Spring Hill.

The Brisbane-based developer has lodged a development application for a 6,100sq m commercial mixed-use development on a 1,745sqm site at 525 Boundary Street.

Silverstone bought the site of the International Hotel late last year for $5 million. The hotel, built in 1883, was formerly known as The Diggers Arms Hotel.

The site is located opposite the St Andrews War Memorial Hospital in a strong education precinct.

Silverstone development manager Luke O'Dwyer said the proposed development, designed by PDT Architects, would retain and incorporate the existing building on site.

The 9-storey commercial building will feature five levels of medical space as well as an ambulance bay and hospital-sized lifts.

The building's basement and podium will hold up to 153 parking spaces.

Related: Silverstone’s Fortitude Valley PCYC Tower Approved

525 Boundary Street Brisbane
▲ An artist impression of the rooftop garden at the building Silverstone is proposing. Image: PDT Architects


“We have specifically upgraded the building features to separate ourselves from a typical Spring Hill refurbishment,” O'Dwyer said.

O'Dwyer said Silverstone was yet to launch any marketing but remained confident of a strong uptake after being approached by three separate medical tenants hoping to agree terms.

Silverstone holds a diversified portfolio of commercial, retail and residential projects, as well as a growing book of managed development investments.

The Spring Hill development adds to its pipeline of near-city Brisbane projects and follows the group’s recent sale of a retail development at Rochedale.

Late last year, Silverstone entered into an agreement with the Queensland government for the redevelopment of the PCYC and and a 12-storey commercial development in Fortitude Valley.

The developer also has plans for an $80 million tower as part of Metro’s 800-apartment project in Newstead.

If given the go-ahead by council, construction of the medical facility will begin early next year with completion within an 18 month window.

ADVERTISEMENT
TOP STORIES
CONTRIBUTE TO THE CONVERSATION
Show Comments
advertise with us
The Urban Developer is Australia’s largest, most engaged and fastest growing community of property developers and urban development professionals. Connect your business with business and reach out to our partnerships team today.
Article originally posted at: https://theurbandeveloper.com/articles/developer-lodges-plans-for-medical-facility