$11.4 million has been committed by Brisbane’s Mayor Graham Quirk to transform Brisbane’s Edward Street into a showcase luxury retail street as part of his 2015-16 Budget. A revamp of Edward St was flagged in last year’s City Centre masterplan, but this is the first time money has been pledged and backed with a timeline.
The Edward Street precinct has already established itself as Brisbane’s home for international luxury brands such as Louis Vuitton, Georg Jensen, Rhodes & Beckett, Tiffany & Co. and Oroton among others and this re-vamp will only attract further high quality brand stores.
The Mayor said he was investing $1.9 million in the coming year to commence the upgrade of the Edward Street shopping precinct which was an $11 million three-year project towards resurfacing, kerbside, footpath and beautification works between the Queen Street Mall and Charlotte Street.
“This project is a direct outcome of the City Centre Master Plan 2014 and I am pleased we are about to commence the transformation of Edward Street into a showcase street to complement the new retail precinct that has emerged over the past few years,” he said.
“Brisbane’s CBD retail sector is an established, prosperous precinct for both local and international retailers.
We will support this investment by transforming Edward Street with broad footpaths and tree-lined streets to make it a showcase retail destination for residents and visitors alike.
As more people live and work in our city centre we need to make it easy, safe and comfortable to walk along the street by widening footpath space and to do that vehicular traffic will be reduced to three lanes.”
The Council will work with Edward Street traders, owners and the precinct management group to ensure that we get the best possible outcome for residents and visitors to this exciting area of the City.