Property consultancy and estate agents Colliers has put a prominent development site in Fortitude Valley on the market. The 3,154 sqm site at 44–100 Barry Parade has development approval (DA) for dual towers of 27 and 37-storeys comprising 490 apartments and retail space.
The site – which is being marketed by Colliers’ development experts Brendan Hogan and Troy Linnane on behalf of Deloitte’s Tim Heenan and Sam Marsden, acting as Receivers and Managers – has been positioned as a key connection between Brisbane’s CBD and its northern suburbs.
Designed by architects Rothelowman, the development includes a mixed-use, residential-led scheme and offers proximity to Howard Smith Wharves, Eagle Street, James Street Precinct, and Queen Street Mall.
Colliers Queensland Residential Director Brendan Hogan highlighted the strong demand for housing in Brisbane due to population growth in Southeast Queensland (SEQ). He noted that opportunities for inner-city residential development sites are increasingly scarce.
“With limited new apartment supply coming to market and unmet demand, this type of development, offering one-, two- and three-bedroom apartments is a much-needed piece of the critical housing supply shortage.
“We are expecting to see strong interest from local, interstate and offshore developers.
“The development site market in Brisbane has excellent fundamentals with Brisbane seen as having the best growth prospects of any city on the eastern seaboard of Australia.”
Brendan Hogan, Director – Development Site Sales, Colliers
Colliers Queensland Residential Director Troy Linnane said this site offered a significant opportunity to develop a scheme that will shape Brisbane’s inner-city.
“Offering a three-street frontage island site with preserved view corridors to the CBD, Story Bridge, Brisbane River, Spring Hill and New Farm, this is an excellent offering.
“Alternative development outcomes may include Build to Rent or purpose-built student accommodation (PBSA) (STCA), which would complement the stageability of the approved Build to Sell project.
“It is very rare for a ready-to-go approved prime residential development site on the border of the CBD to hit the market, and we expect to see competitive market interest.”
Troy Linnane, Residential Director, Colliers
The site features a three-street frontage and preserved view corridors of the CBD, Story Bridge, Brisbane River, Spring Hill, and New Farm. Mr Linnane pointed out its flexibility for different development outcomes.
Colliers’ exclusive listing is offered for sale via an on-market expressions of interest (EOI) campaign closing Thursday 10 April 2025 at 4pm (AEST).
