Charter Hall Group has partnered with global real estate investor, QuadReal, to acquire one of the largest remaining Brisbane CBD development sites, located within the heart of the North Quay renewal precinct.
Charter Hall has lodged two Development Applications (DAs) with Brisbane City Council for 309 North Quay – a significant, 6,400 sqm infill site located in the Roma Street Urban Renewal Priority Development Area. The development will further enhance the North Quay precinct of the CBD.
The proposed project, which comprises a DA for a single 50,000 sqm commercial tower and a separate DA for two smaller commercial towers of 23,000 sqm and 36,000 sqm each, will act as a catalyst for urban renewal of the surrounding sites, including Roma Street Station and the proposed Brisbane Live.
Charter Hall’s Regional Development Director, Bradley Norris, said 309 North Quay represents a unique opportunity to contribute to the revitalisation of the Roma Street precinct.
“Continued investment from the Queensland Government and Brisbane City Council in this area of the CBD, particularly in key city-shaping projects including Cross River Rail and Brisbane Metro, will see Roma Street transform and we are excited to play a part with the development of 309 North Quay,” Mr Norris said.
“While our initial priority will be the development of the first single tower, we have made the decision to lodge a separate DA for the two tower schemes at the same time, to provide ultimate flexibility in managing occupant requirements.”
The single tower scheme provides an opportunity for large, campus-size floor plates of over 2,700 sqm within the CBD, with a 1,550 sqm outdoor garden terrace at the top of the podium available for use by all tenants within the building, which features meeting areas, function spaces and recreational opportunities with expansive river views.
The outdoor space will deliver on the design ethos of providing a people-friendly building, which embraces the natural environment to enhance productivity and wellbeing of its occupants.
The two-tower scheme, which can be developed via a staged approach, will benefit from a large central public space conceived as a canopied, wide pedestrian laneway of cafes and pop-up venues.
Designed by leading Brisbane Architectural firm, Blight Rayner, the proposed design of the three towers distinctively express subtropical architecture.
Blight Rayner Director, Michael Rayner, detailed that it will be the first buildings in the City to be climatically protected by an external sunblade system that accurately responds to different faced orientations, thus generating a visually iconic subtropical city architecture reinforced by organic form.
“With increased revitalisation of the city’s fringe precincts, we’re looking forward to contributing to the site’s redevelopment potential and taking advantage of its proximity to existing and future infrastructure and transport,” Mr Rayner added.