The Australian project at the Queen’s Wharf moved from excavation to construction phase.
Australia.- The Queen’s Wharf project is finally moving forward, as the development modes from the excavation to the construction phase. The €3.1 billion project will feature four hotel and residential towers.
Tourism Minister Kate Jones said that the first crane will be used to build one of four hotel and residential towers, and another will follow next week. “When you have up to ten tower cranes on the city skyline, that’s a great thing,” she said.
Jones added that the €3.1 billion project will create long-term sustainable jobs in Brisbane. It will also be a game-changer for Queensland’s tourism industry, the Minister said. When completed in 2022, the project will feature four luxury hotels, 50 new bars and restaurants and 2000 residential apartments.
The idea started developing in early 2016 with the demolition of non-heritage government buildings. “Each year we expect it to inject tens of millions of dollars back into the local economy,” says Jones, as reported by Canberra Times.
The casino will be located above the main floor area. Star Entertainment Group General Manager Geoff Hogg talked about concerns that public access would be limited. Some people believed that in order to enter the space they would be forced to walk the gambling floor. “The casino is actually located above the main floor area, so literally you would only need to go through that if you were actually choosing to go to the casino,” he said. “Everything else is accessible by different ways… people will be able to access the whole precinct.”
Star Entertainment reviewed its investment
Last year, Star Entertainment Group reviewed the size of Brisbane’s Queen’s Wharf project investment by €400 million, which will be shared equally with joint venture partners. The Star is targetting €2 billion in total project costs, half of that number to be covered by the company.