The new $155 million Town Square Redbank Plains has retailers already showing plenty of interest in opening new outlets there.
A number of national retailers have already committed to the site including Coles, Aldi, Target, an expanded Woolworths Supermarket, Eagle Boys, Hungry Jack’s, Burrito Bar, Nando’s, Dominos, KFC, Sushi Kiyomee, S + S Hair Beauty, Express Nails and more than 50 speciality stores.
Another addition to the centre will be the brand new British pub Pig ’N’ Whistle.
The pub will feature an outdoor courtyard, both indoor and outdoor dining areas, private function areas, state-of-the-art kitchen, an extensive range of craft beer and wine on tap and a temperature controlled wine cellar.
WCP Retail Property Consultants principal Warren Cant said there was “a strong demand for large-format casual dining” in Redbank Plains.
“Redbank Plains residents want to dine out and have a good time, without needing to travel too far,” he said.
“We believe Pig ’N’ Whistle will be great for the Ipswich community.”
Construction started on the mammoth extension to the existing Redbank Plains Retail Centre on Redbank Plains Rd in October 2015.
The centre will grow almost five times in size from 5899sq m to 27,000sq m upon completion.
The design is unique, with six specific retail precincts. These include medical, casual dining, professional services and financial, general retail, large format and drive-through restaurant precincts.
Development Manager for Capital Transactions Michael Watson said while there was a lot of buzz about the new retailers, he was pleased to see the existing retailers choosing to stay.
“We are pleased to announce that while the centre is growing, all existing retailers will remain. Eleven of our 18 existing retailers will almost double in size,” he said.
Building is due to be completed in November 2016.
Original article published at www.qt.com.au by Ashleigh Howarth 22/6/16
The Gabba Games – State’s $1b plan to turn stadium into sporting Mecca for 2032
The Palaszczuk government will push ahead with a redevelopment of The Gabba as the centrepiece of its 2032 Olympic Games bid, but it still needs support and a whole lot of money.
The government has rejected lacklustre greenfield sites near Bowen Hills and instead gone across the river to Queensland’s major AFL and cricket venue at Woolloongabba. If the plan goes ahead, and Queensland secures the games, The Gabba will become a building site for five years while an Olympic-class stadium is built.
The Gabba is normally used around 40 weeks in every year. Taking it out of action will require negotiation with a neighbouring school, the Brisbane Lions and Queensland Bulls, along with the Queensland Cricketers’ Club, which has previously been a stumbling block to work on the stadium. It is yet to be seen whether losing a home ground, and maximum revenue for five years, is worth having a larger, modern venue to return to.
While the International Olympic Committee favours using existing venues, thereby reducing the cost to host cities, Palaszczuk is intent on asking the Commonwealth to help fund a complete rebuild. There is no funding agreement yet, let alone architectural plans, but Palaszczuk suggested the new stadium could cost $1 billion.
Palaszczuk said another 8,000 seats could be added to The Gabba, taking its capacity to 50,000, serviced by the nearby Cross River Rail station currently under construction. It would be higher than the existing stadium, to allow for pedestrian overpasses across nearby roads to funnel patrons directly into the new venue.
That would give The Gabba more seats than the old QE2 stadium, which currently has capacity of 48,500, but fewer seats than Suncorp Stadium (52,500). It would have better transport connections than the Nathan venue and in the circular format that suits athletic events and the Olympic opening and closing ceremonies.
“The Gabba has been home to our sport since 1895,” Palaszczuk said.
“A home for the 2032 Olympic Paralympic Games could be its crowning glory.”
“We’ve hosted the AFL here, we’ve hosted cricket here, but for the Olympics, this is front and centre – opening and closing ceremonies, athletics, you name it, it’s going to be the best,” she told Nine’s Today program.
Palaszczuk told parliament a key factor in deciding to use The Gabba was being able to utilise the adjacent Cross River Rail station. She noted the rail project was being delivered with “not one dollar from the Commonwealth” but her office was not in a position to clarify whether the $1 billion would include any rail station components.
The Gabba was built in 1895 and has undergone two substantial renovations and refurbishments since 1993.
The last major redevelopment was completed in 2005 when a 24-bay grandstand built for $128 million.
The Gabba’s public, corporate and media facilities also received a $35 million upgrade in 2020.
The Labor government will seek financial support from Brisbane City Council and the federal government for the project.
“We do need this, and it’s going to be utilised for the future, so they don’t want white elephants they want workhorses, and The Gabba is definitely a workhorse,” Palaszczuk said.
The International Olympics Committee named Brisbane as its preferred host city in February.
But a final decision rests on detailed discussions with Games chiefs and key commitments from the federal government.
Australian Olympics Committee president John Coates addressed cabinet on Monday, where MPs formally endorsed Brisbane’s candidacy.
“This is still contingent on guarantees that need to be received from the federal government,” Palaszczuk stressed on Monday.
She has had a discussion with Prime Minister Scott Morrison and more talks will occur in the coming weeks.
“We are basically doing years and months of work in a very short time frame to meet the deadlines the IOC has set us,” she said.
The state needed the boost the games would bring, including 130,000 jobs.
“It gives us hope, after going through the pandemic. It gives us hope for the future,” the premier said.
Morrison is expected to have more to say on Queensland’s Olympic plans on Tuesday.
Last month, he told the IOC the Australian government was firmly behind Brisbane to host the games.
But Brisbane is not without rivals.
Earlier this month, South Korea said Seoul had submitted a proposal to host the 2032 games, despite Brisbane’s frontrunner status.
Article Source: inqld.com.au
City Council Backs Brisbane Olympic Bid
He was the sole voice of opposition to Brisbane City Council’s bid to host the Olympics but Greens councillor Jonathan Sri is adamant the negative impacts outweigh the positive.
The council’s confidential meeting this week included briefings from president of the Australian Olympic Committee (AOC) John Coates and the president of the Paralympics Committee Jock O’Callaghan.
The vote to formalise Brisbane’s commitment to the Games has paved the way for a formal bid to host the 2032 Olympic Games. It received bipartisan support with Sri the only dissenter.
Media and the public were barred from the meeting, to protect the locations of potential developments and any impacts it would have on property prices, the council said.
“While hosting undoubtedly offers some positive opportunities, after considering all the available information, I was concerned that the negative impacts upon our city will outweigh the benefits,” Sri said.
“Evidence from recent Olympics points to major cost overruns, significant disruption to residents, superfluous sports infrastructure that’s not as useful long-term as proponents might have suggested, and economic benefits flowing predominantly to major corporations rather than local businesses.”
Sri said taxpayers would have to foot the bill, estimated to be about $900 million, to develop new sporting venues.
An IOC feasibility study highlighted Brisbane’s need for about 20 per cent more sporting facilities.
Sri said the council and state governments were negotiating with the IOC over a new 50,000-seat stadium earmarked for Albion.
The Brisbane bid includes plans for seven new venues across the southeast corner, but that could be reduced to two with the use of existing facilities.
“While some of the infrastructure built for the Olympics can certainly leave a positive legacy and lasting public benefit, it’s almost inevitable that we’ll also spend public money building Olympics-standard sports facilities that we don’t really need and wouldn’t otherwise waste money on,” Sri said.
Brisbane was announced as a preferred candidate in February.
Lord Mayor Adrian Schrinner said the formalised commitment to the Games bid had received bipartisan support which was a “strong result”.
He said the Games presented a good value proposition for the city and he hoped they would receive the green light as early as July, when the Tokyo Games were due to begin.
“Brisbane City Council voted yes to the jobs that will be created, yes to the opportunities this will bring to our city, yes to the opportunity this will bring to our region and our state and yes to the bring forward and fast tracking of infrastructure and investment in our region that will service the needs of a growing population,” Schrinner said.
The final submission from the three levels of government and the AOC is due in April.
Article Source: theurbandeveloper.com
Springfield Goes Global in Search for $15bn Developer
Springfield City Group has gone global in its search for a partner to help deliver its $15-billion Knowledge Precinct that will complete the masterplanned Springfield CBD.
The precinct will be the key commercial area in the Queensland city’s CBD and has been approved for 1.22-million sq m of commercial space and 5340 apartments on 119ha of developable land.
The group has now put out a tender for a global partner, which it expects will garner attention from Australian as well as international firms.
The group’s chairman Maha Sinnathamby said the precinct would be anchored on three key pillars for future economic growth: health, education and technology.
“This (global tender) initiative will turbocharge the development of the Springfield CBD. This project represents a unique opportunity to join us in creating a legacy,” Sinnathamby said.
“The completion of a futuristic city, harnessing innovative thinking, will make a real, positive impact on economic growth and job creation in southeast Queensland.”
Sinnathamby said the SCG had a 29-year track record as the master developer of Springfield City and had successfully partnered with some of the country’s leading property groups to build the masterplanned community, which is 24km south-west of Brisbane.
The Knowledge Precinct is estimated to be worth about $15bn upon completion and could support a city population of more than 145,000 people through the development of Health City, Education City and IDEA City, across the development pillars for economic success.
The city is expected to be valued at about $88bn when completed and Sinnathamby said it was on track to become Brisbane’s second CBD.
The city continues to grow with major stakeholders including the Mater Hospital and University of Southern Queensland developing plans for expansion.
Springfield City Group deputy chairman Bob Sharpless said there was still ample opportunity for development at Springfield as just 25 per cent was currently developed.
“With considerable established infrastructure, 11 schools, residential developments, a hospital, existing local and regional transport links such as highways and two rail stations … we are already well on our way to becoming an economic centre for southeast Queensland,” he said.
“With the right partnership in place we will usher in the next chapter for our city.”
The population of Springfield City is forecast to grow by 5.8 per cent per annum during the next 15 years, tripling its current population to about 115,000 by 2036.
Moelis Australia is assisting the group with its competitive global tender process. Initial discussions are to begin in the coming weeks while an outcome and preferred partner are expected to be announced later this year.
Article Source: theurbandeveloper.com
- Property Management6 years ago
7 Common GST Mistakes On Property
- Residential4 years ago
Ipswich Proves Frontier In Affordable Housing
- Infrastructure3 years ago
Decision on horizon for key marina section of huge North Harbour development at Burpengary
- Market Place3 years ago
How to make $1 million ‘flipping’ houses
- Developments3 years ago
Brisbane and interstate investors drawn to up-and-coming King Street precinct
- Market Place3 years ago
Moreton Bay makes top 10 list of places to invest in property
- Brisbane2 years ago
Queensland leads the way in market recovery
- Developments5 years ago
Caboolture West could be Australia’s next major regional centre