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LaSalle Moves Ahead On $500m Valley Metro Revamp

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The next phase of the $500 million Valley Metro and Fortitude Valley station redevelopment will improve commuter access for the more than 25,000 people who pass through the centre each day, global fund manager LaSalle Investment Management says.

The masterplanned redevelopment incorporates the Architectus-designed Fortitude Valley Rail Station alongside commercial and retail assets.

Fortitude Valley station, often labelled as “dark” and “difficult to access” is one of only four stations that are serviced by all passenger train lines in Brisbane’s network.

The redevelopment, being overseen by LaSalle, will now “reinvigorate” the previously under-activated area by transforming it into a mixed-use precinct.

▲ LaSalle have outlined plans for a Woolworths, Hoyts cinema and other retail and dining options as well as upgrade the Brunswick Street facade. Image: Supplied
▲ LaSalle have outlined plans for a Woolworths, Hoyts cinema and other retail and dining options as well as upgrade the Brunswick Street facade. Image: Supplied


The $500 million Valley Metro redevelopment includes two new towers in the masterplan, a 23-storey commercial tower comprising 35,000sq m—as well as 1,560 square metres of retail, and an adjacent 30-storey residential tower providing 207 dwellings.

Soundproofing of apartments has also been factored in to ensure the new residents and the Valley's nightlife can coexist peacefully.

As part of the second phase of construction, commuters will now see the entrances of the train station revamped with an upgraded Brunswick Street facade providing a double height canopy entrance to create an “airy, seven-day-a-week environment”.

The renovation of Transport House, which took nine months to complete, removed the decades-old façade and replaced it with floor-to-ceiling glass.

The refurbishment revived the 9,000sq m of commercial office space within the nine-storey tower and provides full end-of-trip facilities.

LaSalle’s senior vice president of development Simon Juniper said the building's overhaul rejuvenated the under appreciated transport hub.

“Where we once had a 1970s block at Valley Metro, this building now represents the fresh contemporary face of the Valley,” Juniper said.

“It is light and bright and built for ongoing environmental efficiency and sustainability.”

Both Valley Metro and the Fortitude Valley station are at the centre of Brisbane council's massive urban renewal area.

Within Brisbane's Fortitude Valley there are currently 642 apartments under construction across three projects, with a further 3,700 across 16 projects in planning or proposed.

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Article originally posted at: https://theurbandeveloper.com/articles/global-fund-manager-unveils-valley-metro-redevelopment