Newstead set for new commercial centre
The Brisbane City Council has just received an exciting new commercial development application, with a proposal lodged over the vacant block at 166-188 Breakfast Creek Road, Newstead, next to the Bunnings.
The main 3,686 sqm block of land was offloaded by Bunnings in 2017 for $13,475,000. It was bought by Associated Finance Pty Ltd, whose directors Martin Ward, Sophie Moore, Keith Thornton and Denis Stark are part of the ASX-listed Eagers Automotive giant.
Designed by Arkhefield, the eight floor building features almost 19,000sqm of lettable area, a child care centre, day spa, ground floor retail tenancies and a lush rooftop terrace within the leafy, subtropical commercial scheme.
“The intent of the development is to support the continued growth and revitalisation of the Breakfast Creek Precinct, and of the gateway to the inner city more broadly," the application from Mewing Planning Consultants read.
The proposal sits five commercial floors atop a striking podium, and is capped off by a heavily landscaped terrace that includes an artificial lawn space and a stage/band platform. Each commercial floor also contains river-facing balconies which are oriented to capture the views of Breakfast Creek, Newstead House and the Brisbane River.
Designed by Arcadia, they noted their intention to use a lighthouse as the basis of their landscape narrative - aiming to have the building serve as a beacon for those entering Brisbane City from the north along Kingsford Smith Drive.
The building would certainly be a nice addition on the block which has been vacant as long as I can remember, and serves as a reminder that Newstead is booming across every sector.
Developments in Newstead
Mirvac have recently released their latest tower in their billion dollar Quay Waterfront Newstead development.
The latest tower, Sky Precinct, located alongside the Brisbane River, join's previously completed stages Pier, Park and Unison as part of the grander Waterfront Newstead community.
