Destination Brisbane Consortium’s $3 billion Queens Wharf Brisbane casino resort has had its plan of development (PoD) application approved by Economic Development Queensland.
The proposal is expected to deliver a whole-of-precinct solution which will inject massive economic benefits for the Brisbane and Queensland economies. It will provide more than 2000 new jobs during the construction phase, with another 8,000 jobs created once the precinct is operational.
Destination Brisbane Consortium is predicting up to 1.39 million new visitors annually who are expected to boost Queensland tourism by an estimated $1.69 billion.
Destination Brisbane Consortium is predicting up to 1.39 million new visitors annually.
The developer, Destination Brisbane Consortium is a private investment consortium comprises three partners – lead partner, The Star Entertainment Group (50 percent shareholder), and two Hong-Kong based partners, Chow Tai Fook Enterprises (25 percent) and Far East Consortium (25 percent).
The proposed development will include a casino, five hotels, 50 bars and restaurants, 2,000 apartments and many retail and shopping areas. A new pedestrian bridge will connect South Bank and the arts precinct with the integrated resort development and city centre. It will also include enormous green and public spaces.
The site also sits where some of Brisbane’s oldest heritage buildings are located, and the developer will be preserving those through adaptive re-use of those buildings. Already three non-heritage government buildings have been reduced to rubble. All eight heritage listed buildings will be retained.
The proposed development will include a casino, five hotels, 50 bars and restaurants, 2,000 apartments and many retail and shopping areas.
Destination Brisbane Consortium Project Director Simon Crooks described the development as having an immeasurable impact on the city: “Queen’s Wharf Brisbane will be a transformational city-changing project for Brisbane, it will see an under-utilised area of the CBD brought back to life with new purpose and exciting energy.”
The area slated for redevelopment is massive, with the equivalent of 12 football fields of public space allocated. “The development sits over 12 hectares of riverfront land and is the largest redevelopment project in Queensland,” says Crooks.
“When excavation begins this year it will be the largest CBD based excavation project in Queensland’s history. Around 450,000m3 of material will be removed as part of the superstructure’s basement excavation,” he continues.
At its deepest point, the excavation stands at 26 metres below street level, with the total perimeter measuring 650 linear metres.
This stage of the development is estimated to take around 18 months to complete.
“Destination Brisbane Consortium recently had the Plan of Development for Queen’s Wharf Brisbane approved, which means the excavation and shoring work will soon begin,” says Crooks.
This stage of the development is estimated to take around 18 months to complete.
“When construction begins, more than 140,000m3 of concrete will go into the development and around 22,000 tonnes of reinforcement steel. From the scale of these broad measurements, it is clear to see this is a development on a super-scale.
“Destination Brisbane Consortium expects to commence the tendering process for the main works in late-2018,” says Crooks.
In October last year Destination Brisbane Consortium commissioned Proof Research to undertake a community sentiment survey about the Queen’s Wharf Brisbane development, with results released in January 2018. It found 84 percent of people believe Queen’s Wharf Brisbane will give new life to that area of the city and that 79 percent think it will benefit the Queensland economy. A vast majority of those surveyed viewed the development as adding value to Brisbane with 74 percent believing it will improve Brisbane’s image while 72 percent think it will enhance Brisbane’s cityscape and result in something Brisbane can be proud of.
To learn more about the project visit www.queenswharfbrisbane.com.au.
Leave a Reply