Goldfields Starts $280m, 16-Storey Office Tower in Fortitude Valley
The James Street tower moves from approval to construction nine days after the Reserve Bank lifted rates, with its reported value now $20 million lower.
Queensland development from the approval to the collapse: Brisbane, Gold Coast and Sunshine Coast towers, the growth corridors, build-to-rent, the 2032 Games pipeline and the builders who don't make it.
The James Street tower moves from approval to construction nine days after the Reserve Bank lifted rates, with its reported value now $20 million lower.
The third recut of the Elizabeth Street site in three years swaps an office-led scheme for apartments and a hotel above a public rooftop garden.
The site has carried at least four different approved or proposed schemes since 2021. This one is almost entirely two-bedroom apartments.
The Games authority has one consortium in the next round for the 2032 centrepiece, with the early contractor process to finish in the new year.
The developer paid $70 million for the former Nobby's Outlook site in 2024. Early works are under way ahead of the sales launch.
A boutique block on Brisbane's bayside, from a developer also converting an office building in Spring Hill.
Four months after its May peak, Brisbane is now 5.4% off the top, and the number of homes changing hands has fallen faster than anywhere else.
Investors put in $25,000 to $200,000 each. The offending came to light through reports to ASIC, not through any disclosure by the developer.
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