Queen’s Wharf Brisbane expects to receive an additional 1.4 million visitors each year after opening the project scheduled on April 2024.
In the latest note of project update, Destination Brisbane Consortium Project Director Simon Crooks said, “With 375 tonnes of steel lifted into place to complete the final piece of Brisbane’s newest attraction, we will now focus on completing the Sky Deck structure and hospitality features that sit on the upper terrace of the Sky Deck as well as the internals of The Star Grand hotel.”
Queen’s Wharf Brisbane development is being delivered by Destination Brisbane Consortium – a joint venture led by The Star Entertainment Group, alongside its Hong Kong-based partners, Chow Tai Fook Enterprises and Far East Consortium, creating thousands of jobs, including close to 2,000 construction workers on-site at peak and thousands through supply chains.
Queen’s Wharf Brisbane will transform the CBD with four new luxury hotels, including The Star Grand, more than 50 new restaurants and bars, around 1,500 residential apartments, and more than 12 football fields of public space, including stunning artworks and the restoration of nine heritage buildings.
Queen’s Wharf Brisbane was scheduled to open in the second half of this year. However, in early June, the developer Star Entertainment decided to postpone the project to 2024.
The overall project had previously been estimated at AU$ 3.6 billion ($2.37 billion), some AU$ 2.6 billion ($1.71 billion) of which involved the integrated resort. However, given bad weather and the pandemic contributed to construction delays, pushing estimates for the IR segment cost up to AU$2.9 billion ($1.91 billion).
Star Entertainment’s recent woes have also forced it to raise some $531 million in equity, including from its Queen’s Wharf partners, in order to prop up the company as it forges ahead.