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Pimpama’s new $100m shopping centre

Pimpama, goldcoast, goldcoast investor, infrastructure

PROPERTY veteran Norm Rix expects the welcome mat to be out in January for the first customers to his biggest venture in a 60-year career, the $100 million Pimpama City shopping centre.

The developer yesterday said that he was determined to make the district centre “something really special” but that it would not be his swan song.

“I know I’m running out of time at 82 so it’s full steam ahead with Pimpama City,” he said.

“I’m sure other opportunities will come along and I won’t be able to say ‘no’.”

Final planning approvals for the 18,000sq m Pimpama City were gained last week.

The centre is to be anchored by blue-chip majors Coles, Aldi and Best and Less.

It is in the heart of a suburb named by the Housing Industry Association as the nation’s No. 1 residential hotspot — its population grew 35 per cent in 2015-16.

Norm Rix (centre) with Max Christmas and Bob Ell expects Pimpama will buzz with the new centre

Mr Rix said this growth would ensure Pimpama City would “buzz”.

“It will be a beehive for not just Pimpama but for Jacobs Well and indeed Ormeau,” he said.

Pimpama City’s first two stages are under way on the 16ha balance of a larger site assembled since 2010 through purchases from Mirvac, the Main Roads Department, the city council, and a mortgagee to developer Mike Moorhead.

Some of the ex-Moorhead today is home to Kings College, which is poised to name a community hall after Mr Rix.

An aerial of Pimpama City

Stage one of Pimpama City will consist of a Coles Express service station, a Zarraffa’s coffee outlet, Subway and other food outlets, a Pitstop convenience centre, laundromat, six-bay car and boat wash, and three dog-wash facilities.

The second stage, apart from the majors, will include 26 speciality stores, a Chemist Warehouse, KFC, Hungry Jack’s, National Australia Bank, Jetts gymnasium, a medical centre, and parking for 700 vehicles.

The 1810sq m Aldi outlet will be a new format one that will include fresh food and produce.

Mr Rix said he expected the second stage to be open by September next year.

He said he was still finalising plans for the 7ha balance of the Pimpama City site, with options including bulk-goods outlets, quasi-government tenants, a private hospital, and a retirement home.

The developer’s first retail foray was the Ashmore City centre, which he sold for $30.7 million in 1998.

He subsequently has built three Pitstop strip centres and four years ago completed the $70 million Coomera Grand at Upper Coomera.

Originally Published: www.goldcoastbulletin.com.au

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Brisbane

Infrastructure Australia Approves $2bn in Queensland Upgrades

Infrastructure Australia Approves $2bn in Queensland Upgrades 3

More than $2 billion worth of planned upgrades has been given the green light by Infrastructure Australia, after the business cases for three Queensland projects were approved.

Infrastructure Australia, the nation’s independent infrastructure advisor, added the Queensland projects to the priority list, which is the pipeline of nationally-significant proposals for governments at all levels to choose from.

The three new priority projects:

  • The Bruce Highway – Cairns Southern Access Corridor. Stage 3: Edmonton to Gordonvale.
  • M1 Pacific Motorway (Eight Mile Plains to Daisy Hill) and;
  • M1 Pacific Motorway (Varsity Lakes to Tugun).

“Being included as a Priority Project on the Infrastructure Priority List shows that a proposal has undergone a rigorous business case assessment and been proven to have significant benefits for the community,” Infrastructure Australia chief executive Romilly Madew said.

“[The] Priority List identifies close to $4 billion worth of nationally-significant projects for Queensland, which are critical to improving both productivity and quality of life,” Madew said.

Infrastructure Australia Approves $2bn in Queensland Upgrades

Bruce Highway upgrade

The Bruce Highway proposal would create a four-lane highway between Edmonton and Gordonvale.

A portion of the road that has recorded high crash rates.

“Between 2007 and 2012, 79 crashes were reported along this section, almost double the rate reported on similar roads across Queensland,” Madew said.

Infrastructure Australia Approves $2bn in Queensland Upgrades 1

M1 Eight Mile Plains to Daisy Hill upgrade

Up to 150,000 vehicles travel daily on this section of the M1, and due to southeast Queensland’s growing population, this figure is forecast to grow to more than 200,000 by 2041.

The proposal would widen an 8.5 kilometre section of the motorway, improve local busways which Madew says would relieve congestion in the area for the next 15–20 years.

“The project also supports active transport through the provision of an extended cycleway,” she said.

Infrastructure Australia Approves $2bn in Queensland Upgrades 2

M1 Varsity Lakes to Tugun project

This proposal aims to improve a congested section of the motorway that connects northern NSW and the Gold Coast.

“Increased traffic volumes are causing a high number of accidents and worsening travel times, impacting on local residents travelling to work as well as tourists, tour operators and freight vehicles,” Madew said.

“Widening the motorway in both directions will reduce congestion along this vital corridor, and support the Gold Coast’s economic development.”

Madew said that being included on the Infrastructure Priority List supports better project selection.

“By ensuring Australia’s governments are presented with the best available evidence when making funding decisions,” she said.

 

 

Source: theurbandeveloper.com

 

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Brisbane

Government Signs Off on $5.4bn Cross River Rail

Government Signs Off on $5.4bn Cross River Rail

A multi-billion dollar construction contract has officially been signed for Brisbane’s Cross River Rail, guaranteeing the delivery of the south east Queensland major infrastructure project.

Pulse Consortium signed the contract with the Queensland government in an agreement that will deliver tunnelling works, the project’s new underground stations and ongoing maintenance for the infrastructure project.

The Pulse Consortium, selected as the preferred proponents in April, is made up of ASX-listed CIMIC Group, Pacific Partnerships, CPB Contractors, and UGL with international partners including DIF, BAM, and Ghella Investments & Partnerships.

Major construction will kick off later this year as scheduled, beginning with the demolition of the Roma Street Transit Centre.

CIMIC Group chief executive Michael Wright said they would use an integrated approach on the $5.4 billion project.

“We will finance, design, construct and maintain the new tunnels and rail stations, in partnership with the state government,” Wright said.

Government Signs Off on $5.4bn Cross River Rail 1

The engineering giant, CIMIC Group, announced it will see approximately $2.73 billion in revenue from the project.

“CIMIC Group has led the development of the project’s proposal, with lead sponsor Pacific Partnerships providing 49 per cent of the equity finance, with the remaining 51 per cent to be provided by DIF, BAM PPP PGGM and Ghella Investments & Partnerships.”

CPB Contractors will deliver the design and construction in a joint venture with Ghella, BAM International and UGL.

UGL will also provide maintenance services on the project across 24 years.

Queensland Deputy premier Jackie Trad described the move to lock in the companies as a “key milestone”.

“Our commitment to this project will see tunnelling construction kick off next year too,” Trad said.

Government Signs Off on $5.4bn Cross River Rail 2

By 2036, state government anticipates south east Queensland will be home to nearly five million people.

Currently, Brisbane’s network includes a single rail river crossing with all lines running through the same four city centre stations.

Trad said the infrastructure project, which is without federal funding following the re-election of the Coalition government, will “unlock this bottleneck”.

Plans for Cross River Rail include the delivery of four new underground stations at Boggo Road, Woolloongabba, Albert Street and Roma Street, with upgrades to Dutton Park and Exhibition stations.

The project is forecast to create 7,700 jobs during construction and with plans to be in operation by 2024.

 

 

Source: theurbandeveloper.com

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Cairn

Queensland Plans New Underwater Hotel

Queensland Plans New Underwater Hotel

An eco-tourism experience will see visitors sleep three metres beneath the ocean’s surface in a new sustainable “floating” hotel planned for the Great Barrier Reef.

A new three-level pontoon on Lady Musgrave Island has been announced, which will feature an observatory and underwater hotel.

Plans for the project include an underwater observatory with UV lighting, for visitors to experience the reef at night, bedrooms will have 360-degree underwater views of the reef, as well as upper decks to cater for diving, snorkelling and environmental data collection.

Queensland Plans New Underwater Hotel 1

Underwater hotels around the world include the delayed Shimao Wonderland Intercontinental in Shanghai, still under construction.

While the Mantra Resort in Zanzibar in Tanzania will set visitors back $1500 a night (lead image), and the ultra-luxury Conrad Rangali Island underwater hotel in the Maldives, which sits five metres below the surface, costs its guests up to $11,710 a night.

Underwater plans for the southern area of the Great Barrier Reef’s new hotel take a smaller and environmental approach.

The pontoon is planned to be 36 metres by 12 metres and offer accommodation for up to 24 people, expected to cost visitors up to $550 a night.

“All the decking on the pontoon is made from recycled materials and every lineal metre of our decking has 50 recycled milk bottles in it,” Lady Musgrave Experience managing director Brett Lakey said.

“So there’s great longevity of our lagoon and for our Pontoon design.”

Queensland Plans New Underwater Hotel 2

The state government said it will provide $1 million toward the project through its $36 million tourism infrastructure fund, announcing it would partner with Lady Musgrave Experience to deliver the pontoon.

“We know that tourism is now worth more than a billion dollars to the southern great Barrier Reef, and we want to see this continue to grow because it means jobs locally,” tourism minister Kate Jones said.

Jones said the development would attract an extra 160,000 visitors to the region each year.

“And drive more than $1.8 million in visitor expenditure.”.

Construction is expected to commence in August with plans to open to the public in April 2020.

 

 

Source: theurbandeveloper.com

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