Opportunity: Fortitude Valley

Eclectic and cosmopolitan, Fortitude Valley is experiencing strong growth in the residential and commercial sectors.

Central and accessible

  • One kilometre from Brisbane’s Central Business District (CBD)
  • Fortitude Valley Train Station provides easy access
  • Frequent bus services, including City Glider
  • Story Bridge provides access for cars and pedestrians to Kangaroo Point
  • Convenient to major arterial roads linking to North and South Brisbane
  • M3 Pacific Motorway is just minutes away

Local trends

  • Startups and creative industries
  • Innovative buildings, spaces and laneways
  • Vibrant nightlife and restaurant scene
  • Boutique retail
  • Café culture

Precincts

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  1. Brunswick Street Mall – entertainment and multicultural dining
  2. Chinatown Mall – exotic supermarkets, fashion and restaurants
  3. Emporium – boutique hotel, retail and dining with a European village feel
  4. James Street – light industrial turned leafy urban hub with local galleries, boutiques and design showrooms
  5. Arts precinct – Judith Wright Centre of Contemporary Arts and galleries
  6. Howard Smith Wharves – riverside landmark with gardens, hotel, exhibition centre and dining to open in 2018-19

Driving opportunity

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Population growth

Generating additional demand for goods and services

 

  • One of the fastest growing suburbs in Brisbane, with the population expected to grow more than 5% each year
  • Projected to have a larger population than the Brisbane CBD by 2031
  • More than 65% of working-age population under the age of 35
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Development activity

Bringing more people to live and work in the area

 

  • 567 dwellings approved in the 12 months ending December 2017
  • $600 million FV Flatiron and Valley House project to feature 900 apartments, hotel and retail at Alfred Street
  • THE CALILE luxury resort in James Street
  • Proposed $400 million commercial development at 801 Ann Street
  • 900 Ann Street the $92 Million corporate Aurizon headquarters
  • Proposed $140 million Valley Metro redevelopment
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Infrastructure projects

New roads, transit, school, hospitals and other major infrastructure projects create opportunities for business

 

  • Brisbane’s first vertical high school proposed by 2020
  • Proposed ‘Festival Hall’ music venue to hold 3500 people
  • $110 million Howard Smith Wharves Revitalisation Project to provide a new riverside parkland and commercial development
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Talented people

Access to a skilled workforce

 

  • 37% with bachelor degree level of education (compared to 32% for Brisbane Local Government Area)

Who has taken the opportunity?

  • Felons Brewing Co., Mr Percival’s and Greca Restaurant opened in the Howard Smith Wharves waterfront dining precinct (2018)
  • Arc Hardware Incubator opened in Brunswick Street to provide access to equipment for resource-intensive start-ups (2018)
  • 24-hour gastropub, Beirne Lane, opened in the revitalised T.C. Beirne Building on Brunswick Street Mall (2018)
  • Japanese inspired restaurant, Honto, opened in Alden Street (2018)
  • Blute’s Bar opened in Brunswick Street (2018)
  • Tesla opened its first Queensland electric vehicle showroom (2017)
  • David Jones launched its first Queensland boutique-style store in James St (2017)
  • The Precinct, a Queensland Government innovation and startup hub, located between the Brunswick Street and Chinatown Malls (2017)

Planning frameworks

More information