A CONTROVERSIAL high-rise development next door to heritage-listed Customs House will go ahead after the latest court appeal in the year-long saga was dropped.
The University of Queensland, custodian of the 1845 CBD building, yesterday announced it had reached an agreement with the developer, Cbus Property.
Chief among them were alterations to the profile of the new 47-storey building to preserve views, a smaller car park and minimal pruning of a nearby fig tree.
UQ chief operating officer Greg Pringle said the agreement was a result of collaborative discussions.
“We are pleased that Cbus Property have agreed to change the profile of the building, by reducing the external car parking area,” he said in a statement.
The development was approved by Brisbane City council in December 2015.
UQ appealed against the council’s approval in May, with the case landing in the Planning and Environment Court.
In July, the court found the council’s approval was legitimate.
In September, UQ submitted an appeal to the Supreme Court.
Cbus CEO Adrian Pozzo said he was looking forward to getting on with sales and construction of the $375 million project.
“443 Queen Street will set a new benchmark for apartment living,” he said.
“The design celebrates the Queensland climate, with natural light and ventilation throughout and gardens on every level, and we’re excited to be finally underway.
“A development of this nature has never been done in Brisbane before and 443 Queen Street will become iconic and synonymous with Brisbane’s relationship to the river.”
Mr Pozzo said interest from prospective buyers had been strong.
UQ said Cbus would be required by the development approval to seek Brisbane City Council approval for any pruning of the fig tree.
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