The Victory Tower approved for luxury development at one of Brisbane’s oldest sites
A historic development in a prime Brisbane City location has just hit a major milestone. Last Friday, Precision Group, the Sydney developer behind Queensland’s Chevron Renaissance and MacArthur Central, announced its plans to redevelop the heritage-listed Victory Hotel have been approved. Here’s what we know about what could become one of the city’s most transformational projects…
One of Brisbane’s oldest pubs is primed to receive a shiny new transformation as Brisbane continues on its bold trajectory of change and growth. Last year, Precision Group announced its project The Victory Tower, a 51-storey luxury hotel on the corner of Edward and Elizabeth Streets. The tower has been designed to stand over The Victory Hotel (or ‘The Vic’, as the hotel is colloquially known), a storied inner-city stalwart and one of the few Victorian and Federation buildings that exist within Brisbane’s CBD.
The 16,000-sqm tower will take a unique architectural approach, being lifted six storeys above a 924-sqm foundation to allow for the iconic Victory Hotel to remain visually and spatially distinct. In response to the city’s hotel room shortage, The Victory Tower will deliver 284 rooms, plus high-end amenities and restaurants, a public rooftop bar with panoramic city and river views, and a sky-high pool on the 40th storey.
Precision Group founder and CEO Shaun Bonétt said this milestone reflects the company’s confidence in Brisbane and its respect for one of the city’s most recognised hospitality landmarks.
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“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.
The company has also already seen strong early interest from hotel operators wanting a hand in shaping a new hospitality destination for the city, which will allow for a more intentional design throughout.
As part of a hands-on approach to long-term ownership and asset management, Precision Group has taken possession of the Victory Hotel operations. With hotel refurbishment and historic restoration works already underway, The Victory Hotel will soon house four seperate venues, including a sports bar and beer garden, a rooftop garden bar, a steakhouse restaurant, and a basement speakeasy-style bar with a gaming room.
The Victory Tower has been designed through a collaboration between architects bureau^proberts and interior designers S. Shyne, who have worked closely with heritage architect Ruth Woods. Together, the team has developed a design that honours the site’s rich history while also offering a contemporary urban landmark that supports Brisbane’s evolving tourism infrastructure ahead of the 2032 Olympic Games.
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