Over the last ten years Brisbane has seen some of it’s most prosperous years in the city’s history. The construction of not only new large-scale infrastructure but also entire ‘livability precincts’ in Newstead, Hamilton, Bowen Hills and West End.
There are many considerable development sites around Brisbane. However some, more than others hold important characteristics which give a site an iconic status
Brisbane’s iconic development sites with potential are based on their location, size and the surrounding environment. Looking towards the next ten years, which iconic Brisbane sites currently don’t have a plan on them, but probably should?
- Parmalat Milk Factory, South Brisbane – The site currently houses the Italian-owned Parmalat milk processing facility. The site has been subject to numerous concept proposals.
- Royal on the Park, CBD – Positioned at 152 Alice Street, Brisbane City, the Royal on the Park is a 7,275 sqm site housing 153 hotel rooms and sits across from Brisbane City Botanical Gardens, a key CBD site boasting never to be built out garden views.
- The Myer Centre, CBD – With the retail landscape swiftly changing, the 31-year-old building is likely to be subject to a major redevelopment as the commercial realities of the site catch up to it.
- 728 Ann Street, Fortitude Valley – Located in the heart of the Fortitude Valley, 728 Ann Street is a large 4,572 sqm elevated carpark site currently owned by LVS Nominees Pty Ltd. In 2013, the site was sold for over $44 million, its positioning makes it an ideal candidate for a large mixed-use entertainment-based development.
- XXXX Brewery, Milton – With every new craft brewery that opens in Brisbane, coupled with higher property values within inner-Brisbane, the days are numbered for the 140-year old XXXX Brewery
A wave of major development and infrastructure projects coupled with an improving economic outlook is expected to create increasing employment, tourism and commercial real estate opportunities in Queensland’s capital.