The John Holland construction group is set to break ground on the enormous commercial redevelopment of the iconic landmark waterfront precinct at Eagle Street pier in the Brisbane CBD. This project is the brainchild of property giants Dexus in partnership with the Dexus Wholesale Property Fund (DWPF).
The Eagle St pier dining precinct was constructed back in 1989 and has been a staple of the Brisbane Golden Triangle business district ever since. Home to some of the most well renowned restaurants in Brisbane, such as George’s Paragon, Naga Thai, Coppa Spuntino, Rico Bar & Dining and Madame Wu’s, the Brisbane waterfront district will now make way for demolition to be replaced by 2 new commercial office towers, entertainment precinct and public leisure spaces. The project has been estimated to cost $2.5 billion and will aim to transform the tired and aging riverfront area into a world class business and lifestyle hub in line with Brisbane “New World City” ambitions.
The existing dining precinct is set to be replaced by a new retail and dining area, with enlarged riverside walking and amenity zones for a smoother, and easier riverside connectivity.
The dual towers have been designed by the Brisbane based Fjmt and Arkhefield, with tower 1 on the north end to be constructed 1st, before tower 2 will be delivered at a later date. Tower 1 will become the tallest Brisbane CBD office tower, soaring to height of 236m.
“The masterplan has evolved to the current proposal which envisions a variety of generous new public spaces, including a new riverfront events lawn flanked by two new commercial towers, a market hall, and low scale dining precincts.” said design firm Arkhefield.
Leasing has already begun on the office towers, with heavy hitting forms such as Colliers, Deloitte, Minter Ellison and Gadens already eyeing up space in the luxury office development. It has been reported that over 45% of the 1st towers office net lettable space has already been committed to, signalling the strength of Brisbane’s new and modern office product coming to market.
The construction is reported to be a 5-year delivery time frame, with a schedule consisting of the basement, riverwalk, public realm, retail pavilions, common podium, and the north tower. Dexus and John Holland will work with the local council to minimize traffic and surrounding business disruption during the process.
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