The Queensland government has announced a redevelopment project to transform the parliamentary end of the Brisbane CBD, stimulating the state’s construction sector as a result.
The massive development, which will overhaul a portion of the city, is expected to create 18,000 jobs in Queensland over a five year period, bolstering the state’s building industry.
Government offices will be rejuvenated as part of the plan, with new state and private owned construction developments to be integrated in the development as well.
State deputy premier and minister for state development and planning Jeff Seeney said plans to renew the government administrative precinct has already incited strong interest, with a number of expressions of interest received.
He explained: “On 29 May, 2012, the state government announced the redevelopment of the government administrative precinct, with a view to reinvigorating the precinct and stimulating the construction industry.
“Key to this is the development of 1 William Street as a commercial office tower.”
Works are underway at the vacant site, which is currently used as a car park, with site surveying, transport assessments and geotechnical investigation work being conducted.
The tendering process for the William Street development is expected to begin next month, with construction to commence towards the end of the year.