Issue 70 I The Property Development Review

THE PROPERTY DEVELOPMENT REVIEW

A LANDMARK VERTICAL REDEVELOPMENT OPPORTUNITY - WALTONS TOWER SITE, FORTITUDE VALLEY

240 Brunswick Street, Fortitude Valley, QLD 4006 • 4087sqm inc leasehold and freehold • Prime TOD location beside Fortitude Va • Existing DA for a 30 storey tower A Landmark Inner-City Development Opportunity in Brisbane's Olympic Growth Corridor For the first time in a generation, The Waltons Tower site presents a transformative opportunity to acquire a council-flagged landmark asset across seven titles in the heart of Fortitude Valley. Delivered with Vacant Possession, this is a rare "shovel-ready" proposition. A Blueprint for Vertical Growth · Existing Approval: A current Development Approval (DA) for a 30-storey tower provides a strong foundation, allowing for the removal of three internal structures while retaining the key street- front heritage elements that define the building's iconic presence. · Future Vision: Cottee Parker Architects has prepared a conceptual scheme exploring how the retained street-front fabric could support multiple towers rising above the base (STCA) .

While conceptual, the scheme vividly demonstrates the site's capacity to once again become the Valley's most prominent vertical landmark. Key Investment Highlights · Landmark Status: A council-flagged, iconic building poised to anchor a safer, more vibrant, activated, and people-friendly Fortitude Valley. · Prime TOD Location: Directly beside Fortitude Valley Train Station (Qld's second-busiest hub) with 7,000 pedestrians daily and direct walkway access. · Substantial Landholding: Seven titles comprising 3,489m² freehold + 598m² long-term leasehold (to 2070)-a total of 4,077m².

Contact: Glenn Gracie +61 418 732 072

March / April 2026 – 93

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