Insider view of the Queens Wharf Redevelopment
There is no doubt that the redevelopment of Queen's Wharf will significantly boost the Brisbane property market and attract more tourists and investors to Queensland's cultural capital.
The redevelopment includes five hotels, 50 restaurants, a new casino and the equivalent space of 12 football fields in addition to a an iconic arc-shaped building with a ballroom, publicly accessible sky deck, and a moonlight cinema.
Andrew Coronis, the managing director of Coronis, said he was delighted Echo Entertainment won the bid to build the new casino complex for multiple reasons and compared the development to that of Brisbane's South Bank in the late 1980s.
"Their proposal to build a worldwide iconic facility will transform and activate the Brisbane CBD and permanently put the city on the map, just like EXPO 88 did," said Coronis.
"Not only will the new development connect the city and South Bank to create a holistic premier destination, it will also improve the liveability and desirability of the area.
"The combination of three new residential towers and a retail precinct in the current Heritage-listed Treasury Casino will create a new fashionable hub which will attract tourists and investors to Brisbane, instead of the Gold Coast, Melbourne or Sydney."
In terms of what this will do for the real estate market, Coronis said it will provide a huge boost of stock for agencies to sell and then also the flow on effect from investors wishing to lease their properties.
"I think it will also drastically improve the reputation of Brisbane and help attract more investment from southern and international buyers, particularly from the Asian market," he said.
Check out the architectural flythrough below which offers an amazing perspective of the Queen's Wharf redevelopment.
Video courtesy Queensland Economic Development