Artist’s impression for illustrative purposes only

Project Vision

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 has received development approval from Brisbane City Council.

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
  • 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

Artist’s impression for illustrative purposes only

New views to the river will be created from Mary Street.

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.

Dexus is making a significant investment at the river level to create a public and open space that is accessible 24/7. This will provide additional public realm, a bustling retail strip featuring cafes and direct access to end-of-trip facilities. New moorings for commercial craft, including river taxis, and a new CityCat terminal will contribute to the riverfront ambiance.

Waterfront Brisbane creates a vibrant precinct that supports the local economy and small businesses.

Creek Street will link directly to the Riverwalk, providing easy access for cyclists, wheelchairs and pedestrians, and views to the river from street level.

The Benefits

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 B ridge.

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.

Timing

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 2026.

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.

Artist’s impression for illustrative purposes only

Timeline

(Indicative Only)

NB: Construction timelines are subject to planning approvals.

Historical map of Brisbane covers the areas of Spring Hill, West End, Kangaroo Point, and the Central Business District. ca. 1863 (ISBN: PODMA001, SLQ)

Click to enlarge

Eagle Street Wharves, Brisbane, Queensland, ca. 1880 (image 185472, SLQ)

Buildings and wharves off the Town Reach of the Brisbane River ca. 1880 (image 185473, SLQ)

Precinct History

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

The Proposal

What is Waterfront Brisbane?

Waterfront Brisbane is a Dexus project approved by Brisbane City Council to transform Brisbane’s Eagle Street Pier and surrounds into a leading premium business and leisure destination.

Dexus is making a significant private sector investment to revitalise this key Brisbane riverside destination with the new and improved City Reach Riverwalk, more greenery, and more access to public open space and amenity.

Waterfront Brisbane will provide a future-focused office environment that responds to post COVID working habits. The CBD office space has a long-term future and will continue to evolve.

The aim is to create a place that celebrates Brisbane’s river and sub-tropical climate and delivers a global standard business address and visitor destination in the heart of the CBD.

The project includes two new towers on the Eagle Street Pier site, riverfront dining, retail outlets and public plazas with a widened and upgraded Riverwalk for pedestrians and cyclists.

To complement the commercial development, up to 9,000 square metres of new and revitalised public realm spaces will be created for workers and visitors to enjoy. Upgrades to the existing private jetty facilities will support river tourism and the delivery of a new CityCat terminal will enhance public transport connections.

A new, wider Riverwalk section with improved links from Eagle Street, will create a vibrant active river level destination with unrivalled views of the Storey Bridge.

Waterfront Brisbane is all about creating a destination area along the river for business people, locals and visitors.

What buildings does the project include?

Dexus will construct two new buildings and retail pavilions including:

  • Two new towers (a combined 120,000 square metres of office space) on the existing site of the Eagle Street Pier restaurant complex, designed to global benchmarks of sustainability and amenity
  • Additional restaurant and convenience retail space

The footprints of the new towers will be set back from the river, with low rise retail pavilions along the river edge. The aim is to give back the waterfront to the Brisbane community and create a place that celebrates Brisbane’s sub-tropical climate.

Are you still looking to close Eagle Street?

Waterfront Brisbane does not require the closure of Eagle Street. Pedestrian amenity will be improved by the creation of wider footpaths, enhanced landscaping and awnings together with additional kerbside pick-up and drop-off facilities.

How tall will the new buildings be?

Brisbane City Council has approved the towers to be 49 and 43 storeys respectively.

Buildings on the site are permitted up to approximately 70 storeys consistent with existing buildings in the CBD area and Brisbane City Council City Centre Neighbourhood Plan zoning.

Will the heritage building Naldham House be protected?

Naldham House is currently under renovation, with plans to retain it as an integral part of Waterfront Brisbane. The building celebrates the heritage of the site as a key gateway to the city and centre for trade over the past 150 years, recognising the site’s history as the early wharves and produce markets for Brisbane. The plans provide Naldham House with a view to the river and will be able to be seen from the Riverwalk.

Will any buildings be demolished to make way for the development?

The existing Eagle Street Pier restaurant complex will make way for the construction of public terraces, the new Riverwalk and the two new office buildings and associated retail pavilions.

Why is the Eagle Street Pier restaurant complex being demolished?

The Eagle Street Pier building and surrounds was constructed to be a temporary offering and has well and truly outlived its original intent.

Eagle Street itself looks awkwardly into the back-end operations and loading bays of the restaurant precinct and the location of the building and the way it provides access to its greatest asset, the river, needs improvement.

Waterfront Brisbane will open up the river with beautiful spaces and walkways, along with enhanced dining and shopping destinations. The design of the public spaces will reflect the site’s history as the trading centre of early Brisbane and the sub-tropical climate that Brisbane is known for.

What would happen to the restaurants, bars and cafes that operate at Eagle Street Pier?

Eagle Street Pier is well known and loved and continues to be a successful destination 30 years after it was opened, however it is in need of renewal to ensure that Brisbane remains a globally competitive destination.

The existing precinct will be rejuvenated as Brisbane’s premier riverfront destination, with enhanced dining and convenience retail options. Dexus is working closely with the existing retailers regarding future options.

Will the proposed development now encroach onto the river?

Waterfront Brisbane proposes an enhanced, wider Riverwalk. There may be some areas of the new Riverwalk where a supporting structure will be built out over the river, however the towers will be generally no further into the river than the existing Eagle Street Pier basement and retail tenancies.

Will there be any adjustments required to the riverbed leases?

The master plan includes Dexus’s existing riverbed lease areas, with no increase of area required.

The Queensland Government has agreed to convert part of Dexus’s long term leasehold interest (about 1,800 square metres) to freehold to allow delivery of the masterplan. The 1,800 square metres of land reflects a 12 metre extension of the current freehold boundary and remains under the existing Eagle Street Pier basement structure.

The balance areas of the existing riverbed leasehold interest remain unchanged.

Is the project being built on principles of sustainability?

Yes. Waterfront Brisbane will deliver market leading sustainability outcomes. This includes next generation workplace and revitalised riverfront public spaces and sub-tropical design that contributes to the health and wellbeing of its users.

Waterfront Brisbane will be an active and green transport hub with facilities for cyclists and pedestrians, including end-of-trip facilities, electric car charging and car share facilities.

Dexus has a strong track record in delivering buildings that are environmentally sustainable including internationally recognised 1 Bligh Street in Sydney, which set a benchmark in innovation and environmental design, and 480 Queen Street in Brisbane, featuring the first public park within an office building in the Southern Hemisphere.

Dexus’s sustainability approach and achievements have been globally recognised. Dexus was named the most sustainable real estate company in the world according to the Dow Jones Sustainability Index in 2019 and has regularly achieved leading results in other benchmarks such as the GRESB, the Principles for Responsible Investment, and CDP’s Climate Change A-List.

Will there be measures to mitigate the area from the potential of flooding?

Yes. The project will be designed and built in accordance with the current Regional Flood Model and designed to mitigate the impacts of flooding, vastly improving resilience of the site to flooding.

Construction period

How long will Waterfront Brisbane take to develop?

The construction will be a staged delivery and it is anticipated that the main site works on Eagle Street Pier will commence in 2022 with the first tower expected to be completed by 2026. The second tower is likely to be built at a later stage.

Will the Riverwalk be closed during construction?

The delivery of the Waterfront Brisbane scheme will require temporary closure and diversion of the Riverwalk. Riverwalk will close when construction commences in 2022 and reopen in 2024.

Dexus has committed to providing an alternate route for pedestrians and cyclists during the construction through Eagle Street.

The Benefits to Brisbane

What will Waterfront Brisbane deliver to the community?

Waterfront Brisbane will provide a future-focused office environment that responds to post COVID working habits.Waterfront Brisbane presents a unique opportunity to transform Brisbane’s Eagle Street area into a new premium business and leisure destination where pedestrians and cyclists will have enhanced connection to and along the river.

It will open up the river with beautiful spaces and walkways, along with a new dining destination. The design of the public spaces will reflect the site’s history as the trading centre of early Brisbane and the subtropical climate that Brisbane is known for.

The riverside destination will include a new, improved Riverwalk including a six metre shared promenade – at the level of the Brisbane River, rather than above it.

How much public space would there be?

Waterfront Brisbane will include up to 9,000 square metres of new and revitalised public realm , and a larger civic space will be created for workers and visitors to enjoy. Upgrades to the existing private jetty facilities will support river tourism together with delivery of a new CityCat terminal providing enhance public transport connections. Its design will reflect the site’s history as the trading centre of early Brisbane and its sub-tropical climate.

What are the improvements to the Riverwalk?

Active transport will be enhanced with the new Riverwalk delivered by the Waterfront Brisbane project. The section of Riverwalk in front of Eagle Street Pier will be widened from two metres to six metres. Multiple ramp access points near Riparian Plaza and at Waterfront Place will allow cyclists to ride between Eagle Street and the river. It will remain a zone that is shared by pedestrians and cyclists.

How many jobs will Waterfront Brisbane create?

Waterfront Brisbane creates a vibrant precinct that supports the local economy and small businesses. It is estimated that the project will support over 1,000 construction jobs over the next decade, with an additional circa 900 operational support jobs once construction has completed.

What are the benefits to business?

For the retailers, the aim is to create a seven day a week destination venue to improve the viability of the businesses located there.

Creating a destination with strong river connectivity, more public open space, and a shady, sub-tropical environment will increase the vibrancy of the precinct and encourage people to stay longer.

Other businesses in the area will enjoy the benefit of a better work environment, making it easier to attract and retain staff.

What are the benefits to tenants in surrounding buildings?

Tenants will benefit from being part of a precinct that provides a better experience for their employees.

More public open space, better connectivity to the river and a safer Riverwalk will make Waterfront Brisbane a more desirable place to work.

Waterfront Brisbane will be a pedestrian-friendly precinct with many community benefits including:

  • 9,000 square metres of riverside public open space
  • safer walking and cycling
  • fresh and convenient mix of dining options
  • improved access to and views of the river
  • 7-day a week activation
  • a widened and upgraded Riverwalk
  • lush sub-tropical landscaping
  • restoring the river connection for a renovated heritage-listed Naldham House (formerly the Polo Club)
  • enhanced worker and visitor experience.

Traffic and Transport Changes

What road changes are proposed?

No changes are proposed. Eagle Street will remain open and public transport routes are unchanged.

How will cyclists using the Riverwalk be affected by the development?

The approved Waterfront Brisbane will greatly improve the existing experience for cyclists, allowing cyclists and pedestrians to co-exist more comfortably through a new wider Riverwalk, and enhancing connectivity to the Botanic Gardens Riverwalk upgrade and the CityCycle network.

Waterfront Brisbane will be an active and green transport hub with facilities for cyclists and pedestrians, including end-of-trip facilities, electric car charging and car share facilities.

Proposed changes to the Riverwalk will mean that section will be closed for up to two years. A safe route around the construction site for pedestrians and cyclists will be provided at all times.

How do I find out more about the project?

If you would like to register to be included in future consultations please email info@waterfrontbrisbane.com.au or call 1800 957 850.

Will the development now encroach onto the river?

The commercial towers are located within the existing built form of Eagle Street Pier. The upgraded Riverwalk, some retail tenancies, public realm and private wharf facilities will remain within the Dexus sublease. The approved works are within the areas owned or subleased by Dexus.

Previous project proposals

In the previous announcement, 1.5 hectares of public and riverfront open space was mentioned? Why has open space been reduced to up to 9,000 square metres of public realm?

The Dexus proposal announced in March 2018 included 3.4 hectares of Dexus’s land holdings and the proposed closure of portion of Eagle Street. The revised concept, approved by Council, does not include a closure of Eagle Street and is focused on revitalisation of the existing Dexus’s land holdings at Eagle Street Pier and Waterfront Place. The reduction in the site area and exclusion of the road closure reduced the overall area of the masterplan.

The Queensland Government facilitated the creation of extra public open space by converting long term leases and providing the opportunity for Dexus to position two new towers on the existing Eagle Street Pier site.

Dexus

Who is Dexus?

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.

Which buildings does Dexus own in the area?

Dexus manages and has ownership in 480 Queen Street, 12 Eagle Street (Blue Tower and The Annex), 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.

Contact

For queries or more information about the Waterfront Precinct:

Or use this form:

    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, 12 Eagle Street (Blue Tower and The Annex), 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.