It has been a few months now since we have had a renewed look at the Queens Wharf development and the latest when it comes to this game changing project set to alter the face of Brisbane. 

 Preliminary site investigation works for the multi-billion dollar project have now begun and a great deal more is now known about development. In this edition of Market News, we bring to you the latest on Queens Wharf and the impact it is set to have on our shining city.

 When Queens Wharf was announced to the public back in November, so was the driving vision behind the project, further cementing exactly why it is such an important development for our State Capital.

“Queen’s Wharf Brisbane has the capacity to realise Brisbane’s growth and profile aspirations by delivering a truly-place defining precinct with significant transformational impacts on Queensland’s economy, jobs, tourism, visitation, liveability and image.”

Destination Brisbane Consortium

Looking at the many architectural renders available for the project is like stepping into a thoughtfully designed, impressive, futuristic dreamscape.  In terms of design alone, we currently have nothing like this development in all of Australia.  It will draw the eyes of the world onto our fair city and for all the right reasons.

Queen's Wharf Brisbane will be the hub that connects the defining parts of the city – the Botanic Gardens, the Queen Street Mall, the Cultural Precinct, South Bank, the Parliamentary Precinct and the Brisbane River. The redevelopment area is state-owned land, located between the Brisbane River and George Street and between Alice and Queen Streets.

A major coo for Queens Wharf is employment opportunities it will create.  More than 2000 construction jobs will be created via the project and over 8000 operational jobs.  That means another 10,000+ people working in our CBD, many of these also likely to want to live/work/play/eat in the immediate area – fantastic news for local businesses and property investors as this huge injection of tenants into the Brisbane CBD is likely to create exciting momentum when it comes to increasing property values, increasing rental income and decreasing vacancy rates. 

 The key will be realising this future opportunity now and securing properties in the CBD before the onflow of the development starts to impact on property values and we see things start to escalate.

However it is not only the new jobs and potential impact on property values that are causing a stir. There are many benefits to consider when it comes to the new development:

• more than 12 football fields of redeveloped and enhanced public realm
• a new pedestrian bridge to South Bank
• an iconic signature “Arc” building, includingaspectacularfeatureSkyDeck, withrestaurantsandbarsfullyaccessibletothepublic
• five new premium hotel brands - including the Ritz Carlton and Brisbane's first 6 star hotel
• three residential towers
• a new department store
• around 50 food and beverage outlets
• a riverfront moonlight cinema
• a Queensland Hotel and Hospitality School partnership with TAFE Queensland
• $272 million payments to the State
• a guarantee of $880 million in casino taxes for the first ten years of operations
• $1.69 billion annual increase in tourism
• $ 1.39 million additional tourists per annum
• $4 billion to the Gross State Product.

Time line for Queens Wharf 

The timeline for the Queen’s Wharf Brisbane developmentis:

2017 - Anticipated start of construction activities following completion of 1WS (1 William Street skyscraper) Likely activities include the removal of non-heritage buildings, then start of underground car park construction

2018 - Commence foundations for core development area

2019 - Foundations, car park completed Heritage work commences

2020 - Core development starts to take shape as construction progresses above ground

2021- Internal fit out commences of IRD (Integrated Resort Development) buildings

2022 - Opening of core integrated resort including hotels and all public realm areas. Conversion begins of Treasury building and beneath Queens Gardens to create a retail zone that links Queen Street Mall to the heart of the precinct

2024 - Anticipated opening of the repurposed Treasury building

Interested in seeing the beautifully prepared video fly-throughs for the project and get a feel for exactly how it will look in the midst of the CBD? Click here to access. 

Brisbane is on the verge of very exciting times ahead.  Make an appointment with Hannah on 0419 782 133 to find out how you can secure your piece of Brisbane now.