Brisbane's skyline is about to dramatically change as the CBD's newest office tower races up.
The Santos Place development in Tank St is rising a level higher each week, with almost half of the 35 storeys under way.
An engineering consultancy firm has signed up as the anchor tenant in the Santos Place office tower, half way through construction in the Brisbane CBD.
Connell Wagner has committed to 10,000sq m in the building, at 32 Turbot St, in a deal negotiated by Matt Kearney of Colliers International.
With more people buying bicycles than cars, Ross Nielson Properties has decided to ensure its latest development in the central business district caters to the growing number of workers on two wheels instead of four.
The group's Santos Place tower, which is under construction, will have more bike parking spaces than car parking spaces.
The office vacancy rate in the Brisbane central business district is unlikely to start easing until 2009, a report by Savills has found.
The company's Full Floor Availability Report, released in August and revised last month, shows that there are at present 102 floors available in office buildings under construction, totalling 117,000sq m, but most of these will not be ready for occupation until 2009.
Work is expected to start soon on another speculative office tower in the CBD following the awarding of a $130 million construction contract to Hutchinson Builders for the Santos Place office tower.
The Ross Nielson Properties' development at 32 Turbot St in an area which has been labelled the North Quarter precinct of the Brisbane CBD, is a major project for both groups.
Queensland Minister for Public Works, Mr Robert Schwarten, turned the first sod on the site of the Nielson Properties' $270 million Santos Place tower today, marking the start of construction of an architectural link between the city's commercial and cultural precincts.
With the commercial tower to feature public art space within a pedestrian laneway that connects Turbot Street to the Queensland Government's planned Tank Street Bridge, a major public art prize was also announced today, to source an artist to create the sculptural centrepiece for the development.
BREATHING new life into one of Brisbane's grand old buildings, Brisbane Lord Mayor Campbell Newman will today officially unveil the recently refurbished McDonnell and East building.
An important part of the North Quarter precinct, Councillor Newman said the $35 million upgrade of the 94 year old McDonnell and East building meant one of the city's much loved heritage buildings would play an important role in the exciting new plans for upper George Street.
BREATHING new life into one of Brisbane's grand old buildings, Brisbane Lord Mayor Campbell Newman will today officially unveil the recently refurbished McDonnell and East building.
An important part of the North Quarter precinct, Councillor Newman said the $35 million upgrade of the 94 year old McDonnell and East building meant one of the city's much loved heritage buildings would play an important role in the exciting new plans for upper George Street.
BRISBANE Lord Mayor Campbell Newman will today launch the $1.8 billion North Quarter project that will rejuvenate one of the most tired areas of Brisbane's CBD.
Councillor Newman said the precinct development would involve the area between George Street and North Quay, from Turbot to Makerston Streets and incorporate the proposed Tank St Bridge that will link to South Bank.
BRISBANE Lord Mayor Campbell Newman will today launch the $1.8 billion North Quarter project that will rejuvenate one of the most tired areas of Brisbane's CBD.
Councillor Newman said the precinct development would involve the area between George Street and North Quay, from Turbot to Makerston Streets and incorporate the proposed Tank St Bridge that will link to South Bank.
Charter Hall is onselling its commercial tower at 420 George St to a company associated with Ross Nielson Properties in an offmarket deal worth about $17 million.