Brisbane's South Bank gets $650m facelift

ANTHONY John Group has gained support from the Queensland State Government to carry out a $650 million redevelopment of Brisbane's South Bank.

Premier Anna Bligh said the $650 million Transit Oriented Development proposal will deliver a stunning new addition to Brisbane‘s skyline and a true southern gateway to the Parklands.

Bligh said Anthony John Group’s South Point development will be centered on the South Bank Railway Station.

Anthony John Group is best known in Brisbane for its Emporium mixed-use development in Fortitude Valley. Chief executive David Lamond said the proposed South Point development, to be built on the site bounded by Vulture, Grey and Tribune Streets and the South Bank Railway Station, is the last remaining vacant site at Brisbane’s South Bank.

The mixed use development will incorporate a 144 room boutique hotel, 55 luxury residential apartments, three level basement car park and a proposed Art House Cinema.

In addition, a 16 level A-Grade office building will be built featuring 40,000 sqm of space. The building will be registered for 5 Star Green Star and offer the largest floorplates in the Brisbane CBD.

“From a commercial point of view, South Point is marquee. It will deliver the absolute leading edge in design and sustainability. It is based in a terrific location for tenants and staff, enabling employers to provide what workers want in buildings and where they work and thus focus on retaining staff.

“It will be a landmark building which is critical for those businesses requiring an identifiable presence in their respective market.” Lamond added.

“The growth of the city office market has created in South Bank, an alternative for tenants and staff which is without equal in terms of lifestyle and transport options,” South Bank’s chief executive Malcolm Snow said.

“The South Bank City Office Market will deliver on what property commentators and agents have been predicting for years – a corporate environment which seamlessly integrates exactly what workers want – acclaimed parklands, boutique retail, restaurants, coffee shops, excellent amenities including a crèche and direct access to the Brisbane city transport hub.” Snow continued.

Bligh said the development will open up direct pedestrian access to Vulture Street and its improved links to the train station and busway will make South Bank even easier to reach without a car.

She added that 1000 jobs will be created during the construction phase and there will be employment for 3000 people upon completion.

The South Point proposal follows on from the green light this month for the Mill Albion project, which will transform a run-down 1.3 hectare inner-city site into a $280 million village-inspired development based on the Albion Railway Station.

Australian Property Journal