THE Queensland Government last week announced that six developers have been shortlisted to develop proposals for a new CBD high-rise tower at 1 William Street, as part of the government's plan for a renewed Government Administrative Precinct.
Deputy Premier and Acting Treasurer Jeff Seeney said the development of a new commercial office tower would bring a scarcely-used part of the city to life while providing a positive boost to Queensland's construction industry.
Mr Seeney said the request for proposals signified another step forward towards renewing the precinct, adding that the subject land, which is currently used as a car park, has been vacant for decades.
The initial Expressions of Interest process received 13 responses but Mr Seeney said that number has been reduced to six after consideration against the prescribed criteria set.
"Key to this is the development of 1 William Street as a commercial office tower of between 60,000 and 75,000 metres (net lettable area) for potentially private and public sector office accommodation," he said.
Mr Seeney said the Request for Proposal process was expected to be finalised later this month with the government hoping to see activity on the ground by the end of the year.
The shortlisted companies are Cbus, Lend Lease, Brookfield, Westfield, Leighton Properties and Grocon.
Mr Seeney said site preparation work had already commenced to ensure the property was well positioned for construction work to begin immediately once the process has been finalised.
The $2 billion plan to renew the Government Administrative Precinct, which stretches from Queen Street to the Botanic Gardens, and from the river's edge to Albert Street, was announced in May this year and aims to rationalise the government's office portfolio and revitalise the precinct through mixed-use development.