Dexus has been given the green light to proceed with its proposal to transform Brisbane’s Eagle Street Pier into a premium business and leisure destination. The Palaszczuk Government has approved Dexus to move to a full feasibility study of redeveloping the complex and surrounds into a new Waterfront Precinct under the Market Led Proposal Program.
Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said the proposal includes a precinct featuring two new towers on the Eagle Street Pier site with the potential for commercial use, residential apartments, a hotel and retail spaces.
“Should this project reach final approval, this will be a city-shaping development, a world-class mixed-use riverside precinct with public space at its heart,” Mr Dick said. “Our government is supporting this proposal because we support jobs, and this project would represent a $1.4 billion investment in Brisbane with the potential to support around 740 jobs per annum over the life of construction.”
Mr Dick said the proposal would see up to 1.5 hectares of public and riverfront open space, including shaded public terraces stepping down to the river and a new, wider Riverwalk section that would continue the alignment along the river with the recently announced botanic gardens Riverwalk project.
“Eagle Street Pier is an important, much utilised and much loved location in our city, and our government supports this proposal moving forward because we want to see it continue to thrive, as well as improve access to the Brisbane River from the Brisbane CBD,” he said. “The ambition of the proposal is to revitalise Brisbane’s premier dining hub and give back the waterfront to the Brisbane community, creating a place that celebrates Brisbane’s sub-tropical climate and delivers a global standard business address and tourist destination in the heart of the CBD.” The project is currently at stage three of four stages, and Dexus is currently working to complete the Final Binding Offer which will cement the project.
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