A prominent development site at 70-82 Wickham Street in Fortitude Valley has launched to market with concept plans for towers up to 40 storeys, positioning developers to meet Brisbane’s growing need for apartments ahead of the 2032 Olympic and Paralympic Games.
Colliers Queensland‘s Brendan Hogan and Troy Linnane have been appointed to sell the site known as Landmark Brisbane, spanning 2,416 square metres across three street frontages. The property sits at the convergence of Brisbane CBD, Fortitude Valley and New Farm, placing it at the heart of the city’s most dynamic lifestyle, employment and growth corridors.
Concept plans prepared by architects Cottee Parker outline development scenarios of 25 and 40 storeys, delivering more than 350 apartments under both build-to-sell and build-to-rent scenarios, subject to approval. The site currently hosts a two-storey retail and commercial complex.
Gateway Location Near Howard Smith Wharves
Hogan said the development site is positioned close to Howard Smith Wharves, Brisbane’s premier riverfront dining and entertainment precinct, and only a 15-minute walk to the Victoria Park Olympic precinct. This proximity to Olympic infrastructure adds appeal for developers looking to capitalise on the Games-driven demand for accommodation.
Inner-city Brisbane is experiencing acute undersupply of apartments, with vacancy rates below one percent and prestige developments in the inner-city are setting new benchmarks, with some luxury projects now commanding upwards of $20,000 per square metre. Market analysts currently rank Brisbane’s growth fundamentals as the strongest among eastern seaboard capitals, driven by persistent undersupply and interstate migration.
360-Degree Views and Strategic Position
The proposed tower heights unlock potential for 360-degree views, offering future residents uninterrupted outlooks over the CBD, Story Bridge, and Brisbane River. The surrounding Fortitude Valley precinct is undergoing rapid gentrification, underpinned by premium residential developments, lifestyle-driven demand and strong population growth.
Linnane said South East Queensland’s population growth is driving unprecedented demand for inner-city apartments, making high-quality development sites in prime locations increasingly scarce. The site’s gateway positioning, river and skyline views, and proximity to the Olympic precinct create a once-in-a-generation opportunity to develop a world-class project.
Strong Market Interest Expected
Colliers has already seen strong market interest from a range of local, interstate and offshore developers, as well as institutional investors and high net worth individuals. The expressions of interest campaign for the Fortitude Valley development site closes March 19, with multiple parties expected to compete for the opportunity.
The site joins other major Fortitude Valley development sites currently on the market, including a Barry Parade property with approval for dual towers of 27 and 37 storeys comprising 490 apartments. The cluster of development opportunities reflects Fortitude Valley’s position as a key growth area for Brisbane’s residential market ahead of the 2032 Games.
Published 16-February-2026.
