New Brisbane development project secures approval

21 December 2020

A $2.1 billion transformation of the Eagle Street Pier and Waterfront Place precinct into Brisbane’s premium business and leisure destination has received development approval from Brisbane City Council.

Waterfront Brisbane is set to deliver a global-standard business and tourist destination that aims to maximise its prime riverside location with enhanced open spaces and amenity and a revitalised premier waterfront dining hub.

Dexus’s commitment to a significant investment in public infrastructure and open space aligns with the council’s Rivers’ Edge Strategy.

The approved design incorporates:

Dexus Chief Investment Officer, Ross Du Vernet said Waterfront Brisbane will unlock the considerable potential of this Brisbane CBD gateway site which has remained under-developed for almost 30 years.

“The project’s scale and central riverfront location will firmly establish Waterfront Brisbane as a world class destination and is set to reshape the daily experience of the many people who visit and work there,” Mr Du Vernet said.

Brisbane City Council City Planning and Economic Development Chair, Krista Adams said the Eagle Street Pier Precinct will be revived to include new public realm, a new riverwalk and new eateries and bars, following Brisbane City Council’s approval to Dexus.

“This approval follows six months of working with the applicant on their plans to enhance the existing riverside destination and deliver a better experience for residents and visitors,” Cr Adams said.

“The Eagle Street Pier precinct was established as a dining precinct more than 30 years ago and this refresh will ensure it continues to provide dining, entertainment and spectacular riverside experiences for future generations.

“As part of the approval, a new 280-metre riverwalk connecting Waterfront Place to the Riparian Plaza will be constructed, replacing the existing aged path. The Dexus proposal presented a great opportunity to upgrade Brisbane’s riverwalk network and increase accessibility to the river.

“The new riverwalk will be funded by Council and delivered by Dexus, with construction set to begin in 2022.”

The existing Eagle Street Pier restaurant precinct will continue to trade before closing to allow construction to start. The first tower is expected to be completed in 2026.

Waterfront Brisbane – key facts

The Waterfront Brisbane proposal includes:

 

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Source:  Dexus - www.dexus.com

Date of Original:  18 December 2020

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