5500 new student beds follow student accommodation initiative
21 July 2015
Lord Mayor Graham Quirk’s Student Accommodation Initiative, which offers a reduction of infrastructure charges for purpose-built, high quality student accommodation has seen a flurry of new proposals put forward, since it was announced in February.
Brisbane City Council has just approved the largest student accommodation proposal so far, with an extra 700 beds, which is just one of 16 proposals that have been approved or are currently being assessed.
Cr Quirk said the development application at 363 Adelaide Street was the third to receive approval under the initiative and would see 700 new beds come online by mid-2016 with construction now underway.
“In February I offered a reduction in student accommodation infrastructure charges to help stimulate quality, purpose built student accommodation in inner Brisbane.
“As a result we have 16 development proposals that have been put forward and are at various stages, and may deliver accommodation for an additional 5,500 students,” Cr Quirk said.
“This initiative is about boosting suitable accommodation for our students and taking pressure off the existing housing market, by encouraging good quality and centrally located accommodation for our students.
“Currently there are 75,000 international students in Brisbane, generating $3.77 billion each year, making international education the city’s biggest export market and creating more than 20,000 full time jobs.”
Cr Quirk said the initiative was available for developments in areas already zoned medium and high density residential or zoned as ‘centres’ that were located in the CBD and inner city locations within a 4km radius of the GPO, with high transport accessibility and onsite management.
“The latest approval for the 16 storey ‘Boeing House’ involves a conversion into a mixed use premises for student accommodation and will allow for five retail tenancies fronting Adelaide Street and Wharf Street at the ground floor,” Cr Quirk said.
“The development will feature 365 student accommodation rooms with 700 beds, 188 bicycle spaces, recreational and meeting spaces, an outdoor terrace, lobby areas, laundry facilities and indoor gym.
Cr Quirk said the development was closely located to public transport services and would provide university students with easy access to universities and other education institutions and entertainment destinations including the Queen Street Mall and the Botanic Gardens.
“This project is a great opportunity to provide high quality student accommodation in the CBD with well-deserved areas for recreation and is close to services required by students.”
The existing car parking located in the basement area does not form part of this development and will continue to provide public car parking.
For more information about the Lord Mayor’s Student Accommodation Initiative visit brisbane.qld.gov.au.