News
March 1, 2021

Luxury Retail Precinct – $3.6 Billion Queen’s Wharf, Brisbane City

The Queensland State Government have announced that the Queens Wharf redevelopment currently under construction by Destination Brisbane Consortium will house a world class luxury fashion shopping precinct.

Destination Brisbane Consortium (DBC) announced it has secured a deal with retail giant DFS which boasts a portfolio of 750 of the world’s most sought-after brands.

Steven Miles, Deputy Premier and State Development Minister visited the site to inspect the progress of construction, which is on track to open from late 2022.

“The $3.6 billion Queen’s Wharf Brisbane development is supporting thousands of construction jobs”.

“This is another milestone in the world-class development that will transform Brisbane’s CBD, boost tourism and create thousands more jobs when complete”.

“The development will feature 50 bars, cafes and restaurants, a casino, four world-class hotels, up to 2,000 residential apartments, the Sky Deck, moonlight cinema, the Neville Bonner Bridge and now around 6,000m2 of luxury retail floorspace”.

“The historic Printery Building on George Street will transform to deliver a shopping haven introducing more than 100 prestigious brands”.

“Where other parts of the world have slowed these types of projects, construction has continued on Queen’s Wharf throughout the COVID-19 pandemic,” Mr Miles said.

Cameron Dick, Treasurer and Minister for Investment outlined that the deal was significant milestone for DBC in the development of its $3.6 billion integrated resort development.

“The presence of a retail name like DFS will enhance Brisbane’s allure for international and national luxury-brand shoppers”.

“The big names of New York, Paris and Milan will be available right here, which is a great win for Queensland”.

“In a post-COVID world, this resort and casino will be a drawcard for an estimated an additional 1.4 million international, interstate and local annual visitors”.

“Once Queens Wharf is up and running, it will provide jobs for more than 8,000 Queenslanders at one of Australia’s most sought-after destinations”.

“The construction workers on this massive project also deserve congratulations for their ability to keep the project going right through the impacts of COVID,” the Treasurer said.

Grace Grace, Member for McConnel outlined that she was looking forward to the staged opening from late-2022.

“This retail precinct will add a layer of luxury to our CBD”. “It will mean international and national luxury-brand shoppers will be heading to Brisbane and taking advantage of all our wonderful city has to offer”.

“What’s more, the retail and hospitality jobs that go with this development will boost employment opportunities for locals”, Minister Grace said.

Matt Bekier, CEO of the Star Entertainment Group outlined that the ground-breaking deal would further underpin Queen’s Wharf as Australia’s future international tourism and leisure hotspot.

“The hallmark of a world-class integrated resort is its diversity and quality of offerings”. “Queen’s Wharf will have a rich collection of attractions – including the DFS luxury retail precinct – to keep locals, interstate and international visitors coming back time and time again,” Mt Bekier said.

DFS – part of the Moet Hennessy Louis Vuitton (LVMH) Group – will create its largest shopping footprint in Oceania at Queen’s Wharf.

In total, DFS will create around 6,000m2 of luxury retail floorspace – part of nearly 40,000m2 of retail, food and beverage and entertainment floorspace to be delivered across the Queen’s Wharf precinct.

DFS’ suite of luxury brands and stores will become fully operational as part of a staged opening of Queen’s Wharf from late-2022.

Queen’s Wharf Project
– Covers more than 26 hectares of land and water
– Nearly 10% of the Brisbane CBD
– 750 Luxury Retail Stores
– 50 new restaurants, bars and cafes
– Five premium hotel brands
– The Ritz Carlton Brisbane
– Brisbane’s first 6 star hotel
– 12 football fields of public space
– Sky Deck positioned 100 metres above ground
– Designed to offer 360-degree views of the river and city
– Three residential towers offering 2,000 residence
– Repurposed heritage buildings open to the public
– A new pedestrian bridge to South Bank (the Neville Bonner Bridge)
– High-end retail department store
– World-class casino and gaming facilities to replace the existing casino.

Project Companies
Developer: Destination Brisbane Consortium
Joint Venture lead: Star Entertainment Group
Venture supporters: Far East Consortium and Chow Tai Fook Enterprises
Builder: Multiplex
Lead Design Architect: Cottee Parker Architects

Timeframe
2019 – Excavation Complete and Construction to start
2020 – George St level reached
2020 – Waterline Park, Neville Bonner Bridge
2021 – Internal fit out of the resort
2022 – Hotels, Restaurant, Bars and Public Space expected to open
2024 – Ritz-Carlton Hotel and Department Store expected to open

Article Source from: http://www.yourneighbourhood.com.au/luxury-retail-precinct-3-6-billion-queens-wharf-brisbane-city/

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