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Fortitude Valley railway station hub set for $500m upgrade

Image © http://www.brisbanetimes.com.au/content/dam/images/g/s/g/6/2/b/image.related.articleLeadwide.620x349.gsij2e.png/1478659773912.jpg

Plans have been lodged with Brisbane City Council to revitalise one of Fortitude Valley's most run-down locations with a $500 million residential, retail and business hub.

If approved, two towers – a 30-storey residential and a 24-storey office tower – would be built adjacent to Fortitude Valley railway station.

Designed by Architectus, the residential tower would house 207 apartments, while the commercial tower would include 35,067 square metres of office floor space and 1560 square metres of retail space.

The existing Transport House would also be refurbished as part of the Valley Metro master plan.

The retail area at the station entrance would also be completely revamped, subject, developer LaSalle Investment Management said in a statement, to ongoing negotiations with Queensland Rail.

LaSalle Investment Management international director Ian Mackie said he hoped the half-billion-dollar development would revitalise a tired precinct.

"We're looking to create a safer, more vibrant environment to breathe new life into the precinct," he said.

"The Brunswick Street station is the gateway to the Valley for thousands of commuters a day, but the precinct around the station is in desperate need of renewal."

Mr Mackie said LaSalle hoped the integrated development would appeal to both commercial tenants and residents.

"Most of the commercial development in the Valley is up to a 15 minute walk from public transport, but we clearly don't have that problem," he said.

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