Dexus Pushes Ahead with Stage 2 of $2.5bn Waterfront Brisbane

Just six months after breaking ground on the landmark riverfront project in Brisbane, Dexus has announced it is progressing to the next phase of construction. 

The dismantling of the iconic Eagle Street Pier was almost complete with 7600 tonnes of material cleared from the site, 95 per cent of which is due to be recycled or reused. 

John Holland Group has been on site since January this year to deliver Brisbane’s tallest office tower that aims to “deliver a global-standard business and leisure destination”. 

It follows the dismissal by Brisbane Planning and Environment Court of a challenge to the development by neighbours at the 53-storey, Harry Seidler-designed Riparian Plaza at the end of last year that threatened to delay the project.

The project is owned jointly by Dexus and Dexus Wholesale Property Fund, and is due for completion in early 2028. 

Dexus project director Matt Beasley said they had partnered with a Brisbane-based design studio, Five Mile Radius, to reclaim and reuse construction waste and create furniture to be installed in the Waterfront Brisbane precinct. 

“Repurposing material from the site was a central part of the project’s sustainability objectives,” Beasley said. 

“We have been able to harness leading-edge technology and innovative supply chains to minimise the development’s environmental impact.”

▲ The dismantling of Eagle Street Pier is almost complete with 95 per cent of waste due to be recycled or repurposed.

 
Acting Premier Steven Miles said the start of groundworks was a significant milestone in the creation of a city-shaping project.

“Queensland is in a golden decade of opportunity in the lead up to the Brisbane 2032 Olympic and Paralympic Games. It’s significant developments like this one that will unlock investment, create jobs and put Brisbane on the map as we’re in the global spotlight,” Miles said.

Deputy mayor Krista Adams said Waterfront Brisbane would contribute to Brisbane City Council’s vision for the City Reach of the river.

“We want to revitalise the iconic Brisbane River and Waterfront Brisbane’s strong river connectivity will deliver vibrant retail and public space for locals and visitors alike,” Adams said.

When reopened, the transformed riverwalk will be a minimum of 6m wide, and in some places up to 14 metres. 

It will incorporate a new riverfront retail precinct, bike and scooter parking, access to terraced lawns and gardens with enhanced connections to Eagle Street.