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Redevelopment set to transform vacant Wickham Street site

20 May, 2014

Redevelopment set to transform vacant Wickham Street site

Brisbane City Council is set to approve a $150 million three-tower project that will transform a vacant site in the heart of Fortitude Valley’s commercial precinct into a vibrant new accommodation hub.

The three-staged development includes a 30 storey residential tower featuring 187 units, a 24 storey residential tower featuring 137 units and a 25 storey hotel featuring 189 rooms.

The plans are today (Tues) set to be recommended by Council’s Neighbourhood Planning and Development Assessment Committee for approval at next week’s Council meeting.

Lord Mayor Graham Quirk said the new precinct at 186 Wickham Street would activate the surrounding area while providing much needed residential and visitor accommodation.

“Fortitude Valley has seen renewed momentum in recent years – we’ve had a $9 million refurbishment of the Chinatown Mall a few years ago and we are currently undertaking a $4 million refurbishment of the adjoining Brunswick Street Mall,” he said.

“The Valley is experiencing a billion dollars worth of construction through 23 new buildings that are either under construction or about to commence.

“This development would transform a site that has been empty for 30 years, giving people the chance to enjoy new entertainment, retail, employment and accommodation opportunities with a direct link into the heart of the Valley.

“It will activate the street frontages of Wickham Street and Ranwell Lane through the inclusion of active retail and restaurant tenancies fronting a large public plaza area.

“The development of a public plaza area will include landscaped gardens, seating and art installations, significantly enhancing the existing public realm of the surrounds and creating a lively public meeting space.”

Cr Quirk said the development would help achieve his vision for Fortitude Valley to be recognised as a safe, friendly and modern entertainment precinct.

“These new facilities will further enhance the booming Valley precinct and complement Council’s current $4 million renovation of the Brunswick Street Mall,” he said.

“It will deliver a much-needed modern hotel facility to cater for the area’s ever-increasing number of visitors and provide impetus for further redevelopment and investment in the area.

“As the Valley entertainment precinct continues to grow, developments such as these will play an increasingly important role in attracting visitors from home and abroad.”

[Ends] MAY 20, 2014

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