The Brisbane City’s much-loved Eagle Street Pier proposal ‘Waterfront Precinct’ is a $1.4 billion proposal by development company Dexus. The proposal presents the opportunity to transform the area into even more of an alluring waterfront precinct gem, the envy of major cities the world over. It offers 1.5 hectares of open public space, better access to the Brisbane River, wonderful new dining opportunities and first-rate retail prospects. Manicured gardens, two new towers, easy cycling and leisurely strolling are central to a concept which will attract national and international businesses and visitors, as well as enhancing leisure and life for locals.
The proposal seeks final approval from the Queensland State Government but is enthusiastically supported by Minister for State Development, Cameron Dick who emphasises the positive economic and lifestyle possibilities for city and state.
The project’s more significant aspects of this mixed-use precinct will be:
- Riverfront outlets for dining and retail
- Eagle Street closed to traffic
- Wide and shady riverside walks
- Cycling-and pedestrian-friendly provision
Lord Mayor of Brisbane, Graham Quirk, has outlined Brisbane City Council’s support for the proposal which it hopes will provide a crucial commercial and employment hub for the financial sector. Detailed planning entails modelling of the traffic impacts of closing off Eagle Street and assessing the likely benefits for Brisbane’s public transport, cyclist and pedestrians. The public will be consulted on all such impacts. This includes the option to create a larger precinct than originally proposed. It envisages the possible widening of Market Street, the re-routing of traffic via Charlotte Street and the absorption of Eagle Street.
The intention is primarily to enhance Brisbane as a global address by complementing the stunning Dexus proposal with other city-enriching waterfront developments and, by achieving this, to improve future flood resilience. It must go through a Market-led Proposal Process (MLP) of 4 stages, always involving community consultation. Now at Stage 2 the Dexus project will take an estimated 6 years to complete once it gets through all MLP stages.