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HS Brisbane Property
0419 782 133
+61 (0) 7 3254 0888
sales@hsbrisbaneproperty.com.au
PO Box 15301
Brisbane City East
Queensland 4002
Australia

2020: The Year of Major Construction Projects Transforming Our City

There’s no denying Brisbane is experiencing a huge boom in major construction. Take a drive or walk through the city and you see the progress. 

Brisbanedevelopment.com have released their Top 15 Major Projects of 2020 and the list is impressive. The major construction projects that are currently underway, or in the pipeline shows a city that is well on its way to monumental transformation into a World City. 

The publication has listed the below 15 major projects, in order of impact the project will have on the city, not the dollar value. 

  1. Brisbane Live. The flagship inclusion in the $2 billion Brisbane Live development proposal is a 18,000 seat entertainment arena, plus the Roma Street Precinct which is set to rival the United States of America's LA Live Complex. This complex would be the most connected piece of infrastructure out of this list; underground rail and bus connections, as well as surface level connecting to current rail network. 
  2.  Queen’s Wharf development. The $3.6 billion development will cover 26 hectares across land and water which includes a casino, hotels, 50 new bars, cafes and restaurants, and parklands.
  3.  Cross River Rail. The $6.8 billion project will include a 10.2km railway from Dutton Park to Bowen Hills, including 5.9km of tunnels running under the CBD and Brisbane River and four underground stations.  The project is expected to be operational in 2024, and will create 7,700 jobs throughout the construction phase.
  4.  Woolloongabba Station. Refurbishment of the Gabba stadium with connections to a new mixed-use precinct near the station. 
  5.  Brisbane Metro. $944 million high frequency busway which will include a fleet of 60 electric buses. Each vehicle can carry 150 passengers or 180 in event mode. The service will run along dedicated busways and operate 24-hours on the weekend.
  6.  Victoria Park. The concept plan has been derived from 5400 ideas from the public along with advice from experts, and features many elements including; 1.4 h­ectare lake, wetlands, boardwalks, sports facilities, urban farm, children’s park and water facilities, and various cultural elements. 
  7.  River Reach Masterplan. Draft plans are in place to upgrade 1.2 kilometres of waterfront in the eastern CBD.
  8.  Brisbane Waterfront. A $2.1 billion plan to redevelop Eagle Street Pier.
  9.  Green Bridges. Four new pedestrian bridges have been proposed. The Kangaroo Point to CBD cycle and pedestrian bridge is the first to progress, current at the business case stage.
  10.  New Runway at Brisbane Airport. Due to open in July this year. The site is 360 hectares with the new runway being 3.3km long.
  11.  Brisbane International Cruise Terminal. The $158 million new terminal will ensure larger, and greater numbers of ships can dock in Brisbane.
  12.  Brisbane Quarter. Three tower project which includes the newly opened W Hotel. 
  13.  443 Queen Street. Currently in construction phase for a new 51-storey tower.
  14.  West Village. Mixed-use urban renewal development in West End. The residential element has been completed, with the retail element now under construction. 
  15.  New Performing Arts Venue (NPAV). $150 million addition to the Queensland Performing Arts Centre (QPAC) management portfolio that will include a 1500-1700 seat theatre.  

Hannah Schuhmann said we are on the cusp of a development jackpot here in Brisbane. Couple this with predicted population increases and you have a prime property investment location. Quality CBD apartments in great locations are still great value, but this surely won’t last. Be sure to attend out Twilight inspections tonight (Thursday) at 5-5.30pm at ‘Felix,’ and 6-6.30pm at ‘212 on Margaret.’

 

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