From the Devine website, which shows that three towers are planned:
"Devine Limited has recently obtained control of a 7,252sqm parcel of land in the Brisbane CBD directly opposite the Botanic Gardens."
"A circa 54 storey high-rise development incorporating a 120 - 150 room 6 star boutique hotel approximately with circa 70 first class residential units ranging in size from 250 - 800sqm gross and valued at between $3 million to $15 million each. The development is located on the corner of Alice and Albert Streets opposite the Brisbane Botanical Gardens.
The building is currently in the initial schematic design and we have run an international design competition which we believe will produce a visionary landmark design. Submissions have already been received from some of Europe’s finest architects. We have also run an international tender seeking expressions of interest from leading hotel operator-managers and have 12 responses from national and internationally renowned organisations in the field.
The Park Hyatt
Promotional Video: Click http://www.youtube.com/watch?v=q_ECTk24lxg to see Devine's proposal.