This article is from the Australian Property Journal archive
PROPERTY fund manager ISPT has appointed Woods Bagot as the masterplan architect for its major Brisbane mixed-use precinct at 150 Elizabeth Street.
Woods Bagot was selected after a competitive design review and pitch process, with the firm and ISPT having worked on projects including Victoria University, 405 Bourke and the masterplan at 100 St Georges Terrace in Perth.
“Having collaborated with the Woods Bagot team on a number of projects in recent years, we are excited to partner with them again to redefine the Brisbane skyline and elevate 150 Elizabeth to a dynamic, interconnected urban precinct that celebrates the city’s rich heritage,” said Tom Waters, head of development – office, industrial, retail and mixed use at ISPT.
150 Elizabeth Street will comprise the Wardle designed 42-storey office tower and a 12,000sqm retail offering across three levels, a sky garden on level nine with a landscaped podium, green spaces and community areas.
“The collaboration with ISPT on the 150 Elizabeth precinct offers us a unique opportunity to reimagine how thoughtful design can facilitate a thriving urban icon for Brisbane locals while setting a global benchmark for people-centric development,” said David Lee, principal at Woods Bagot.
“It will bring together a host of experiences in a harmonious way that serves as a celebration of the site’s civic history, while preparing it for a long and fruitful future.”
The precinct is set to incorporate the existing 155 Queen Street building, Wintergarden Shopping Centre, Hilton Hotel and the heritage listed Regent Theatre, alongside the existing development site fronting Elizabeth Street.
With the Harry Siedler-designed hotel, currently the Hilton Brisbane, to be retained and refurbished and will form part of the precinct.
“The process of pulling the precinct elements together had the feel of an ‘urban surgery’. Key city streets provide multiple access points to the building, with urban links provided through retail commercial and hospitality,” said Domenic Alvaro, global design leader at Woods Bagot.
ISPT is targeting 5.5 Star NABERS energy and 6 Star Green Star Buildings rating for the precinct.
“Our vision for 150 Elizabeth is to create a landmark destination in Brisbane’s city centre with the precinct is poised to become a world-class example of Woods Bagot’s innovative design principles, delivering on our vision of creating a unified and sustainable precinct,” added Waters.
ISPT has been moving away from retail assets towards the health and life sciences sectors, most recently offloading Dee Why Grand shopping centre in Sydney’s Northern Beaches for $60 million.
