Brisbane’s $1 billion landmark residential and mixed-use development Queen’s Tower is actively seeking delivery partners following DA signoff from Brisbane City Council.
The development at 545 Queen Street, encompasses world-class design, luxury residences, premium short-term accommodation and a new shopping and dining precinct, with construction anticipated to commence in 2018-19, once current building leases expire.
Queen’s Tower Development Manager, PDS Australia executive chairman Sameh Ibrahim said the development approval demonstrated confidence in Brisbane’s residential market, with the site owner seeking delivery partners who also have expertise in developments of Queen’s Tower’s size and scale.
“The team is incredibly excited to receive Development Approval from Brisbane City Council on this landmark project,” Mr Ibrahim said.
“Queen’s Tower is a highly significant project for Brisbane, with the team looking for partners that have a track-record in high quality construction on developments of this size and scale.
“The site’s owners have always maintained a strong commitment to delivering this project, and as a result, Brisbane is set to receive a landmark tower which has been meticulously designed, and one that will contribute to the evolution of Brisbane city.
“There has been much debate around the apartment market, however we believe the transformation of this site, from commercial to a residential mixed-used precinct, will significantly activate the site and clearly aligns with the city’s projected growth.
“Queen’s Tower will form part of the high rise residential precinct already established in the CBD’s north eastern corner, sitting on the 2,735m2 island site between Queen, Adelaide and Macrossan Streets.
“Construction will commence once existing site leases have expired in 2018-19, and in the meantime office space within the existing building is available.
“The team at Urbis has been instrumental in ensuring Queen’s Tower met Brisbane City’s planning objectives and be a development that contributes to Council’s goal of transforming Brisbane into a New World City.”