SOURCE: Brisbane Development
Date: February 1, 2023
SOURCE LINK: https://tinyurl.com/4mxz2nf5
Construction work for the first stage of the Waterfront Brisbane project, a joint development by Dexus and the Dexus Wholesale Property Fund (DWPF), has officially commenced with builder John Holland Group now on site.
The project is expected to cost around $2.5 billion and aims to develop a business and leisure destination of global standards, leveraging its prime riverside location in Brisbane, Australia.
The Waterfront Brisbane project is poised to revitalise the Eagle Street precinct and create public spaces with river views and improved links between the river and the city streets.
The existing Eagle Street Pier restaurant complex will be replaced by two new office towers and premium riverfront retail, which hopes to become an iconic riverside destination that will include a wider section of riverwalk and improved connections to the city.
The taller north tower is to be constructed first, with the south tower being built at a later date.
Tower 1, also referred to as the North Tower will become Brisbane’s tallest commercial tower ever built (to the roof level), soaring to 236m and beating the current tallest commercial tower, 1 William Street by 10 metres.
The development has been designed by Fjmt and Arkhefield and aims to become a modern precinct for flexible working and socialising.
The Waterfront Brisbane project has received strong interest from organisations seeking a quality future workplace in Brisbane.
Professional services firms such as Deloitte, Minter Ellison, Gadens, and Colliers have already identified it as their future home, with 45% of the first tower’s office space already committed.
The construction program is expected to be delivered over five years and will include the basement, riverwalk, public realm, retail pavilions, common podium, and the north tower.
Dexus and John Holland Group are implementing construction and transport management plans to minimise disruption during the construction process.
The riverwalk will be temporarily closed as part of the construction program, while one south-bound lane on Eagle Street will be closed on weekdays during construction hours. The lane will remain open outside of construction hours on weekdays and weekends.
John Holland Group has set a goal to recycle 90% of the material that leaves the site by sorting timber, metals, and concrete. This approach to sustainable construction is becoming increasingly common in the construction industry and is aimed at reducing waste and preserving the environment.
In addition to minimising disruption and promoting sustainable construction, Dexus and John Holland Group are also committed to keeping the community informed about the progress of the project.
The Waterfront Brisbane app is available on the Apple App Store and Google Play and provides updates on the project’s progress and important information for the community.
With construction officially underway, completion is expected to be around five years.
