This article is from the Australian Property Journal archive
ECONOMIC Development Queensland has formally approved plans for the $3 billion Queens Wharf development which will transform 27.3 hectares of waterfront land riverbank sites into a casino, resort and residential precinct.
The developer, Destination Brisbane Consortium, comprises Star Entertainment Group, Chow Tai Fook Enterprises and Far East Consortium and was announced as preferred proponent in 2015. Demolition works began last year.
The site encompasses 12 hectares of state-owned land, with the balance to be reclaimed from the Brisbane River. It will comprise towers of up to 74 storeys and 265 metres high, with around 1,600 hotel rooms, casino, resort, more than 50 new bars, restaurants and cafés, 2,000 apartments, and a new pedestrian bridge connecting the CBD and South Bank.
Of the 13 existing buildings on the site, eight are heritage listed and will be retained as part of the development.
Completion is expected in 2022.
State Tourism Minister Kate Jones said as many as 2,000 construction workers would be on site and as many as 10,000 workers linked to the Queens Wharf once operational, with Brisbane’s only casino would begin attracting an estimated 1.4 million addition annual visitors.
Australian Property Journal
