This article is from the Australian Property Journal archive
QIC has submitted a development application for its proposed $750 million mixed-use precinct opposite the Albert Street Cross River Rail (CRR) Station.
The DA submission to Economic Development Queensland marks a major milestone for the 40-storey green village development at 101 Albert Street.
The mixed-use vertical village would comprise next generation workplace accommodation alongside retail and dining concepts and an expansive public and civic space for all round use.
The 101 Albert Street project includes a total site area of 2,500sqm and will include circa 5,000sqm of prime grade office and mixed-use space, with 31 storeys for office use and almost 4,000sqm of outdoor space.
“Even before the announcement of the Brisbane 2032 Olympic and Paralympic Games, Brisbane was transforming into a truly international city with its own architectural sensibility that reflects our unique subtropical lifestyle, forward thinking culture, and deep connection to Country,” said Chris Brown, precincts director for QIC’s Cross River Rail.
“Brisbane deserves a new, city-shaping destination — a design that merges local character with global thinking. As a result, when viewed from the Albert Street Cross River Rail Station and street frontages, the tower will appear as a subtropical vertical garden, with seamless transitions between indoor and outdoor spaces.”
The precinct will also include an integrated tropical foliage theme throughout the remainder of the project, including a rooftop area with outdoor green spaces for occupants such as a rooftop garden.
The Albert Street CRR Station itself will be the first train station built in the Brisbane CBD for over 120 years.
With the location of 101 Albert Street delivering a new arrival experience for the more than 67,000 commuters anticipated to use the station each weekday by 2036, while also impacting the surrounding area.
“The location of the site within the Cross River Rail Priority Development Area and opposite the Albert Street Station creates the opportunity to provide a truly integrated precinct,” added Brown.
The development is expected to unlock further opportunities by enhancing the pedestrian corridors on both Albert and Mary Streets.
“Due to its central address, 101 Albert Street will also be a connector to future developments, including Queen’s Wharf Brisbane, and complements the Albert Street green spine envisioned by Brisbane City Council,” said Brown.
QIC is also targeting a 5-Star Green Star Buildings rating (Australian Excellence), and a 5.5-Star NABERS Energy rating for the project.
With plans in place for the complex to be a fully electrified, gas-free development, alongside wellness features such as over 250 bicycle parking spaces and end of trip facilities.
“Brisbane is having a coming-of-age moment unprecedented in recent decades. Our city is revolutionising before our eyes into a truly global city with its own distinctive character, capable of holding its own on the world stage. At QIC, we’re thrilled to be a part of this metamorphosis,” concluded Brown.
Ahead of the the 2032 games, QIC last year partnered with superannuation fund Australian Retirement Trust to finance new social and affordable housing supply in the state, including up to 1,200 new homes with construction to commence on all projects by 2025.
Subject to approval, construction on the 101 Albert Street project is anticipated to be completed by late-2027.
