Artist’s impression for illustrative purposes only
Waterfront Brisbane is a city-shaping development for the Queensland capital.
The $2.1 billion transformation of the Eagle Street Pier and Waterfront Place precinct into Brisbane’s premium business and leisure destination received development approval from Brisbane City Council in 2020.
Waterfront Brisbane is set to deliver a global-standard business and tourist destination that aims to maximise its prime riverside location with enhanced open spaces and amenity and a revitalised premier waterfront dining hub.
Dexus’s commitment to a significant investment in public infrastructure and open space aligns with the council’s Rivers’ Edge Strategy.
The approved design incorporates:
- two new towers with a combined 120,000sqm of office space
- an enhanced retail offering
- substantial improvements to the riverwalk
- large public plazas opening on to the river
- a widening of the riverwalk to at least six metres for the full length of the site
- ramping to allow cyclists ease of access to street level
A Vibrant Riverfront
Waterfront Brisbane delivers on many opportunities from Brisbane City Council’s City Reach Waterfront Master Plan.
When the Eagle Street Pier building makes way for the two new towers, views from city to the river that have been lost for 30 years will re-emerge.
Active transport will be enhanced with the new Riverwalk delivered by the Waterfront Brisbane project that connects the city to the water and provides direct access to the Riverwalk for cyclists, pedestrians and wheelchairs.
Cyclists and pedestrians will enjoy a waterfront promenade about 280 metres long with a minimum six metre wide thoroughfare allowing safe transit through the precinct.
Waterfront Brisbane will become a pedestrian-friendly precinct with many community benefits including:
Enhanced user and visitor experience
Significant private sector investment in long-term infrastructure embraces the river, incorporating two new towers, riverfront dining and retail outlets and public plazas.
Improved views of the river
The transformation will create new vistas to the river from Mary Street and Creek Street and give space to the restored Naldham House. This heritage listed building is currently under renovation and being revitalised as part of the project.
Widened Riverwalk provides access
Active transport will be enhanced with the new City Reach Riverwalk delivered by the Waterfront Brisbane project. The new Riverwalk provides improved accessibility for active and public transport through a new CityCat terminal, a pedestrian friendly Eagle Street, nearby bus network, linkage to Albert Street Station and the proposed Kangaroo Point Green Bridge.
Bustling retail strip
Waterfront Brisbane creates a vibrant precinct that supports the local economy and small businesses. Dexus is making a significant investment at the river level to create a public and open space that is accessible 24/7 featuring cafes, fresh and convenient mix of dining options and direct access to end of trip facilities.
New moorings for rivercraft
New moorings for commercial craft, including river taxis, and a new CityCat terminal will contribute to the riverfront ambiance, delivering a new riverfront destination and city gateway precinct for city workers, residents and tourists.
New riverlink connects the city to the water
Creek Street will link directly to the Riverwalk, providing cycle and wheelchair connectivity between Eagle Street and the river and views to the river from street level.
The construction of Waterfront Brisbane will be a staged delivery with the works on the Eagle Street Pier site to commence in 2022 and the first tower expected to complete by 2027.
The Riverwalk will close when construction commences in 2022 and reopen in 2024. Safe pedestrian and cycle access past the site during this time will be a priority.
The second tower will be built at a later stage.
The precinct has had a colourful history and acted as a key gateway to the city and centre for trade over the past 150 years.
Eagle Street’s earliest incarnation was as the shipping wharves where many coastal passenger and cargo ships would come in to Brisbane, right up until 1960 when they fell into disuse.
In their final years, the redundant Eagle Street piers were used for car parking and eventually demolished to make way for new development.
The area underwent a renaissance when Eagle Street Pier was built in 1989, transforming it into Brisbane’s premier riverfront dining and entertainment precinct.
Waterfront Brisbane will celebrate the heritage of the site through the heritage listed Naldham House, currently under renovation, and through recognition of the history of the site as the early wharves and produce markets for Brisbane.
Questions & Answers
Dexus is an Australian Real Estate Investment Trust, with $36.5 billion funds under management. It is the nation’s largest owner and manager of prime grade commercial property, including over $4 billion of investments across the office, retail and industrial sectors in Queensland.
Dexus invests only in Australia, and directly owns $16.5 billion of properties, with a further $15.5 billion of properties managed on behalf of third party clients.
Dexus manages and has ownership in 480 Queen Street, 123 Albert Street, 171 Edward Street and the buildings that will be directly impacted by the Waterfront Brisbane project including Waterfront Place and the heritage listed Naldham House all of which will be retained for the Waterfront Brisbane development and Eagle Street Pier which will make way for two new towers.
Disclaimer: The information provided in this document is given in good faith and is derived from sources believed to be accurate. Dexus gives no warranty or guarantee and does not make any representation or warranty as to its accuracy, timeliness, completeness or suitability. Dexus and its directors, employees and associates do not accept any responsibility arising in any way for errors in or omissions from the information in this document and do not accept any loss or damage as a result of any person relying on any information in this document, including without limitation any information provided by any third parties or for forecasts or forward-looking statements.