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Development Update

Updated - 18 June 2020

Dexus is excited to announce that its $2.1 billion transformation of the Eagle Street Pier and Waterfront Place precinct into Brisbane’s premium business and leisure destination is a step closer after lodging development plans with Brisbane City Council. 

Waterfront Brisbane is a significant private investment for Queensland which will create jobs and boost tourism. The project – which includes two new towers, riverfront dining, retail outlets and public plazas with a widened and upgraded Riverwalk for pedestrians and cyclists – is estimated to create more than 1,000 construction jobs over the next decade, with an additional circa 900 operational support jobs once construction has completed.

Waterfront Brisbane is a key project in Dexus’s $11.2 billion development pipeline which is focused on delivering city-shaping projects. 

The Eagle Street Pier building will make way for two towers of 49 and 43 floors across a combined 120,000 square metres of office space and a vibrant active retail and public space. The positioning of the towers on the site will enable views from the city to the river that have been lost for 30 years to re-emerge. 

Dexus is making a significant investment to create a public and open space that is accessible 24/7 with a bustling retail and café strip, a new river link connecting the city to the water and direct access to the widened Riverwalk for cyclists, pedestrians and wheelchairs. 

The project will now be assessed by Council in accordance with the Planning Act but is consistent with the Council’s draft City Reach Waterfront Master Plan. 

Subject to all development approvals, construction on the Eagle Street Pier site is anticipated to commence in 2022, with the first tower being delivered in 2026. Eagle Street Pier will continue to operate as normal at this time through to the commencement of construction.

The Waterfront Brisbane proposal includes: 

- Two towers of 49 and 43 floors on the Eagle Street Pier site 
- 9,000 square metres of riverside public open space (the equivalent of a football field) 
- Expansive, shaded terraces with lush, subtropical landscaping 
- A widened and upgraded Riverwalk with a circa 280-metre waterfront promenade and a minimum six-metre-wide thoroughfare allowing safe transit through the precinct 
- A river link providing cycle and wheelchair connectivity between Eagle Street and the river. 
- New moorings for commercial craft, including river taxis, and a new Citycat terminal will contribute to the riverfront ambiance 
- Improved pedestrian amenity with wider Eagle Street footpaths 
- Fresh and convenient mix of dining options 
- Improved access to and views of the river 
- 7-day a week destination 
- The renovated heritage listed Naldham House