Latest developments: Inside Queensland’s changing skyline
InDaily reveals plans for a bigger bridge to Bribie Island and a new high-rise hotel planned behind the heritage-listed Victory in Brisbane.
Toowong Bridge plans back on the cards
Plans for a new footbridge connecting Toowong to West End are being considered again with Brisbane City Council and the Federal Government each investing $1 million to work on a business case.
By 2046, nearly 100,000 people are expected to live in the suburbs surrounding the proposed bridge, which is more than double the population considered when the original plan was developed in 2021.
Original modelling forecasting 3,900 daily trips for the bridge by 2031, as Toowong also has seen a 20 percent growth in population over the last 10 years.
Cross-river connections have strengthened across the city with the Kangaroo Point and Breakfast Creek bridges, which have exceeded traffic expectations significantly.
The Toowong to West End Bridge is the third and final pedestrian/cycling bridge proposed under the Council’s Bridges for Brisbane program.
Lord Mayor Adrian Schrinner said the bridge would be needed sooner or later as Kurilpa and Toowong continued to experience renewal and growth.
“This bridge can be delivered with the support of other levels of government and we’re already working with the Federal Government to help make it happen.”
Victory Hotel wins approval
The 51-storey luxury hotel tower proposed by Precision Group has been approved to sit behind the heritage-listed Victory Hotel site in Brisbane CBD.
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Plans for the 16,000sqm Victory Tower include 284 rooms, high-end amenities and restaurants and a public rooftop bar with panoramic city views.
With a history beginning in 1855, the Victory Hotel is the CBD’s oldest surviving hotel.
Precision Group CEO Shaun Bonétt said the Victory Tower would contribute to a shortfall of hotel rooms in Brisbane.
“Our vision is to honour that history while giving the site a new future bringing together heritage, hotel accommodation, hospitality, wellness and rooftop experiences in a way that contributes to the city well beyond 2032,” Bonétt said.
Precision Group has taken possession of operations at the Victory Hotel. The development will be designed by architects Bureau Proberts, interior designers S.Shyne and heritage architect Ruth Woods.
Refurbishment and restoration works were underway to deliver the Victory Tower’s four separate venues including a sports bar and beer garden, rooftop garden bar, steakhouse restaurant and basement speak-easy-style bar with a gaming room.
The Victory Tower is scheduled to be completed ahead of the 2032 Brisbane Olympic Games.
Heritage Brisbane asset on market
The heritage office buildings at 200 Adelaide Street, a feature of Brisbane’s CBD since 1932, is being sold.
The six-level office building is on the corner position of Adelaide and Edward Streets, neighbouring Anzac Square and comprises approximately 6,034sqm of net lettable area and 22 car parks.
Knight Frank agents Justin Bond, Matt Barker and Blake Goddard will work with JLL agents Paul Noonan and Jack Sullivan on behalf of vendor LDR Capital to manage an Expressions of Interest campaign.
Bond claimed 200 Adelaide Street was a rare opportunity to buy institutional-grade heritage office assets of this scale and prominence in Brisbane CBD.
New bridge to Bribie plans unveiled
The Queensland Government has revealed its design for a new four-lane Bribie Island Bridge, which it says has been shaped by extensive community consultation.
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Community feedback on the design will be open until Friday, November 27, as geotechnical investigations start this week.
Premier David Crisafulli said the government was delivering on its promise to improve the transport network for Bribie Island.
“We are doubling the traffic capacity with a new bridge, and preserving the old bridge for pedestrians and cyclists,” he said.
“We’ve listened to fears about the ageing two-lane bridge, which were ignored by the former government, which is why we’re progressing our plan for a new four-lane bridge.”
Taiwanese conglomerate enters Australian property market
The Australian arm of Taiwanese digital health conglomerate, Daiken Investment Australia, has bought the office building at 10 Browning Street South Brisbane for $81 million.
It has future development potential with a code assessable height limit of 30 storeys and schemes for 580 to 700 residential apartments as apart of a mixed-use development, subject to relevant approvals.
Colliers Asia Markets Director Tony Wang said Daiken Investment Australia has strategically set its sights on South East Queensland ahead of the 2032 Olympics.
“The acquisition reflects the appeal of Brisbane’s inner-city commercial market to international investors looking for well-located assets with both income and future potential.”
Cairns CBD revival update
The Cairns Commonwealth Centre is undergoing a refurbishment while the adjoining former Energy Queensland building is on the market.
The Cairns Commonwealth Centre has three interconnected buildings spanning Grafton Street, Shields Street and Lake Street and will be redesigned as a contemporary office destination.
104 Grafton Street will be transformed throughout and upgraded to a premium Class A commercial office asset with the surrounding precinct also being fully refreshed.
Knight Frank has recently leased the 2,100sq to Queensland Government tenants on a 10-year lease, as well as been appointed by Energy Queensland to sell the neighbouring building at 109 Lake Street and 106 Grafton Street.
GRAYA reveals $25 million New Farm site
Brisbane development company GRAYA has revealed plans for Ivory, a five-storey private home on a New Farm riverfront site that sold for $25 million in October, 2025.
Development for the home has been approved with construction now underway on what GRAYA predicts could be Brisbane’s first home valued above $50 million on completion.
For 11 months, GRAYA’s in-house team has been working with the owners on the design and construction.
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