“Turbit Nominees, with the consultation of Urbis, have proposed a new commercial tower at 343 Albert Street with the intention of providing a central premium office grade building to the Brisbane CBD.
The building will replace the existing Suncorp Tower, with plans to demolish the building on council approval of the Albert Street proposal.
The building is designed by Guida Moseley Brown Architects and developed by Morris Property Group in partnership with Amalgamated Property Group.
According to Morris Property Group development manager Brodie Lister, office buildings like 343 Albert Street are currently underrepresented in the Brisbane market and in demand by tenants.
“There is always demand for larger floor plates and ‘PCA Premium Grade’ buildings in good locations. The Brisbane commercial market has been in a soft cycle for a number of years due to factors including the mining investment slump/maturity, the shift in State Government departments and new towers built on speculation.
“The building proposed on 343 Albert focuses on a larger 1,500sq m NLA floor plate and the offering of another Premium Grade office tower in Brisbane CBD,” Lister said.
343 Albert is being developed at an exciting time for Brisbane and the development team hopes to add value to Brisbane’s optimistic future.
“The Brisbane CBD growth story is amazing with the Shayer Groups redevelopment, Howard Smith Wharves project, Queens Wharf project, the Cross River Rail project and the AEG Brisbane Live Proposal,” Lister said.
343 Albert Street
The development includes:
- 30-storey tower
- Three basement levels inclusive of 165 car parking spaces and end-of-trip-facilities
- Vehicle access via an existing access from Roma Street into the basement car parking levels
- Addition of three short-term stay and drop-off parking spaces along Albert Street
- A child care centre
- Indoor sport and recreation facilities
- Food and drink outlets
- Function facilities
- Office spaces
- Retail facilities
- High Impact Industry use (stand-by generator).
The integration of childcare and indoor sport facilities into 343 Albert are a sign of how commercial offerings are adapting to modern needs.
“Childcare is an important factor for any working family and in fact will be the defining factor for some employment choices.
“Small or large corporates or government departments all place equal importance on how/where childcare services can be accessed by their employees.
“Much in the same way as the distance to transport or lunchtime amenities like conference facilities, gymnasium or food & beverage offerings are viewed. Agglomerating these uses into a mixed-use tower makes commercial sense,” Lister said.
The 49,684 square metre site is currently home to the 25-storey “Suncorp Plaza” commercial tower, which was erected in 1971, remaining the city’s tallest building until the construction of the AMP Centre in 1978. The owners plan to demolish the existing structure.”