GURNER™ will move ahead with plans to deliver its landmark FV project in Brisbane's Fortitude Valley following development approval by Brisbane City Council earlier today.
Designed by Elenberg Fraser, the $600 million development will include 900 apartments across three towers, including a 90 room 4.5 star hotel and ground floor retail precinct which includes restaurants, retail and office space and a 3,000 square metre residents-only resort-style Private Club.
The triangular site is a 5,000 square metre island site bordered by Brunswick Street, Alfred Street and Barry Parade, with uninterrupted views to the city, river, bay and mountains.
GURNER™ plans to launch the first stage, the Flatiron building, to existing VIP clients shortly and is anticipating registrations of interest to commence around September 2014, with a public launch to follow later in the year.
Construction is anticipated to commence in early 2015 and take two years to complete.
Lord Mayor Graham Quirk said the project is a significant investment in Fortitude Valley which has not seen development activity in many years.
“All three towers will provide much-needed long and short term accommodation facilities, while new restaurants and high end stores will help facilitate the growth of Fortitude Valley’s day time economy.”
Gurner said that through the landmark project, which has been compared to New York’s iconic Flatiron building, he is committed to honouring the unique qualities of Fortitude Valley, as well as creating a piece of world-class architecture for the city to be proud of.