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Brisbane Live! Entertainment Precinct Gets a Funding Boost

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Brisbane Live! Entertainment Precinct Gets a Funding Boost

Plans for a 17,000-seat entertainment arena to be built above the new Roma Street underground station has received a boost from the Queensland government.

Deputy Premier and Treasurer Jackie Trad announced on the weekend that $5 million will be committed to developing a business case for the Brisbane Live proposal which would be developed in conjunction with the $5.4 billion Cross River Rail project.

“Brisbane Live!” an open-air precinct like Melbourne’s Federation Square, would be built above the existing Roma St rail lines under the Cross River Rail Delivery Authority in partnership with AEG Ogden’s Harvey Lister.

The business case is expected to take approximately 6 months to complete and will assist the Queensland government in determining whether value-for-money can be achieved by developing the Brisbane Live proposal.

Brisbane Live! Entertainment Precinct Gets a Funding Boost

The business case will be jointly prepared by Building Queensland and the Cross River Rail Delivery Authority, which is doing the master planning work for the Roma St precinct.

The Delivery Authority will invest the $5 million in the development of a detailed business case which will examine construction cost, economic benefits, delivery and procurement options.

The Cross River Rail will build a new underground rail station at Roma Street Parklands as part of an underground link from Annerley to the RNA Exhibition Grounds at Bowen Hills.

Jackie Trad said that the project was demonstrative of the potential that Cross River Rail has to transform Brisbane.

“Brisbane Live is a proposal for a 17,000-seat world class entertainment arena, similar to the LA Live complex, which would become Queensland’s premier entertainment venue hosting international live entertainment and world class sporting events,” Trad said.

“Brisbane Live is a very exciting proposal that will deliver decades of economic and employment opportunities in what is an underused part of the city.”

Brisbane Live! Entertainment Precinct Gets a Funding Boost

AEG Ogden’s Harvey Lister said he was proud to be partnering with the Government in the development of the business case under an Early Operator Engagement agreement, utilising AEG Ogden’s expertise.

“We’re thrilled the Queensland Government has engaged AEG Ogden under an Early Operator Engagement agreement with Cross River Rail Delivery Authority,” Lister said.

“As a proud Queensland company, AEG Ogden has confirmed its commitment to this project by offering to provide access to the extensive work we have already undertaken for the development of the Roma Street precinct, and our expert advice and information into the Business Case for no fee.

“Brisbane Live will deliver much needed economic development and employment opportunities, virtually unprecedented urban renewal, and be a showpiece venue for the entire State.”

Jackie Trad has called upon the Federal Government to put up funding for Cross River Rail with the Federal Budget to be handed down on Tuesday.

Source: theurbandeveloper.com

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Developments

Major Development Opportunity Hits the Block in Inner Brisbane

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Major Development Opportunity Hits the Block in Inner Brisbane

Major Development Opportunity Hits the Block in Inner Brisbane

Major Development Opportunity Hits the Block in Inner Brisbane. An outstanding opportunity for investors and developers to secure a freehold 3-storey unit block in the heart of Brisbane’s Spring Hill has come to market.

The 12-apartment block, located at 25 Fortescue Street, Spring Hill occupies 809sq m of MU1 mixed-use regular shaped land.

The property provides long-term development potential with the benefit of prospective rental income.

The offering is improved by a brick and tile multi-unit apartment block. The 3-storey building provides accommodation for 12 two-bedroom residential units with parking available on site for each unit.

The property has a height limit of up to 7-storeys (subject to council approval).

According to WG Architects, the property could have a potential total gross floor area of 2,480 square metres.

If aggregated with a neighbouring property to form a land area of over 1,500sq m, the land parcel becomes code assessable to 15-levels.

Spring Hill is located on Brisbane’s northern fringe with excellent amenity and access to the CBD, Fortitude Valley, Inner City Bypass and the Story Bridge.

Located 2km north of the CBD, Spring Hill continues to attract buyers with its unique appeal.

Acting as a direct supporting precinct to the Brisbane CBD, Spring Hill is well-serviced by road networks, all forms of public transport, as well as numerous cafes, restaurants and shops.

Benefitting from the enormous interest in near and inner-city living, Spring Hill sits north of the CBD bounded by a railway line next to Gregory Terrace, Wickham Terrace, parts of Ann Street and St Pauls Terrace, and Warry and Kennigo Streets.

The site is directly north of the CBD and only minutes away from services and facilities, as well as the nightspots of Fortitude Valley.

Spring Hill is one of Brisbane’s few areas that successfully combine residential living with commercial and professional activities.

Spring Hill is continuing with the makeover that started more than 10 years ago. Many older homes have been immaculately restored or new, architecturally-designed homes have been built in their place.

The area attracts renters who want proximity to the city and this assures the area of continuing investment potential.

The suburb is particularly popular with Brisbane’s professionals and attracts strong interest from those who want the benefits of near-city living.

Major Development Opportunity Hits the Block in Inner Brisbane

The following major development projects are all within close proximity to 25 Fortescue Street and are anticipated to benefit the property and immediate area.

  • Valley Metro, a $500 million commercial development to be built above the Brunswick Street/Fortitude Valley train station.
  • The 22ha Brisbane RNA Showgrounds is currently undergoing a major $2.9 billion rejuvenation program transforming it into a thriving inner city hub, delivered in partnership between LendLease and the RNA.
  • Herston Quarter, Australian unity is beginning the delivery of Herston Quarter this year. The centrepiece of the $1.1 billion masterplan will be the Specialist Rehabilitation and Ambulatory Care Centre (“SRACC”).
  • Howard Smith Wharves, A $110 million development, approved by Brisbane City Council in 2015 and currently under construction, will reactivate 3.4 hectares of riverside land underneath the Story Bridge, including restaurants, an overwater bar, 1,500sq m exhibition space, a 164-room five-star hotel and multiple event spaces.
  • Brisbane Live, a recently priority-listed infrastructure project, the $2 billion Brisbane Live is a proposed 17,000-seat entertainment precinct over Roma Street train station that is anticipated to emulate the award-winning LA Live complex in the United States.

Closing date for offers is 4pm Wednesday 21 November.

 

Major Development Opportunity Hits the Block in Inner Brisbane

929122bf-42e5-45ec-be0e-f502a978531c

 

Robert Dunne

Director
Commercial Sales

Phone : 07 3002 8806

Mobile: 0418 888 840

  

 

3e1c6488-8dac-4409-9d89-3a020f923d66

 

Tim Packman

Executive
Commercial Sales

Phone: 07 3002 8903

Mobile: 0431 470 873

Reference:  theurbandeveloper.com
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Developments

Brookfield Lists Masterplanned Former Quarry Site

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Developer Brookfield Residential Properties has listed its 49.1-hectare quarry site at Keperra, in Brisbane’s north-west.

The site, located at 1004 Samford Road and 469 Settlement Road, is largely cleared and vacant and is currently operating as a quarry.

Brookfield has controlled the Keperra site for over a decade completing $300 million-plus worth of subdivisions.

The developer now looks to take advantage of an extremely rare infill land holding within a suburb bursting with lifestyle amenity, health and education options.

A significant portion of the site is elevated, providing potential residences with extensive suburban and bushland views.
A significant portion of the site is elevated, providing potential residences with extensive suburban and bushland views.Image: RPS Group

A development application and concept plan, for a masterplanned community, prepared by RPS Group, received approval last October.

The approved application would allow up to 700 low-medium density and medium-density residential buildings built across five stages.

Approximately 65 per cent of the site is proposed to remain as open space, as bushland, landscaped parks, active recreation and conservation reserves.

 

The site has development approval for low to medium density and medium density residential.Image: RPS Group

The surrounding area has seen significant investment spending on projects such as the 6,000sq m expansion to the Everton Park North West Hospital, $770 million expansion of the Enoggera Barracks and the $355 million refurbishment of Westfield Chermside Shopping Centre.

Keperra Railway Station is located within 900m of the quarry site as well as adjoining connections to Samford Road and Settlement Road, which connect Keperra to the Bruce Highway and Gympie Arterial Road.

Colliers International’s Brendan Hogan and Adam Rubie are running an expressions of interest campaign which closes November 14.

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Developer Unveils Plans for Brisbane Vertical Retirement Village

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brisbane village

National retirement village developer RetireAustralia has revealed plans for its first retirement apartment project in Brisbane.

The eight-storey development will comprise 183 contemporary independent living apartments and 35 state-of-the-art high level care apartments.

The project is located in Lutwyche, six kilometres north of Brisbane’s CBD.

The boutique development, named Fancutts Retirement Living in honour of the site’s history, will comprise more than a football field of space at 2,500sq metres devoted to community areas and facilities.

RetireAustralia CEO Alison Quinn said the development is one of a number of new communities underway to help improve the critical undersupply of quality seniors housing across the country.

“RetireAustralia has an excellent reputation as a national retirement village operator and we are excited to be delivering our first new retirement apartment project in Brisbane,” Quinn said.

brisbane village

RetireAustralia’s plans for a vertical retirement village set on the Fancutts Tennis Centre site in Brisbane’s inner-north.

The developer, which has 27 communities across Queensland, New South Wales and South Australia, picked up the Lutwyche site from former tennis champions Daphne and Trevor Fancutt earlier this year for $13.6 million.

“The project has been named in recognition of the site’s history as the Fancutts Tennis Centre and Academy, while also honouring the Fancutt family who have been an integral part of the local community for generations, and we’re proud to welcome Daphne and Trevor Fancutt as ambassadors for the project,” Quinn said.

Designed by Marchese Partners in collaboration with the University of Stirling in Scotland, the boutique development will include a new care offering to become standard across the company’s new development projects.

This includes state-of-the-art features to enable residents to remain independent as they age, along with a diverse range of services, including private and government-funded care.

Other Queensland aged care development projects in planning include Aveo’s 16-storey retirement tower on the Gold Coast, which will accommodate more than 150 seniors, Denmac Nominees’ 12-storey retirement facility in Brisbane’s inner north suburb Windsor, and Japara’s $30 million aged-care facility in Robina.

Expressions of interest are now open for Fancutts Retirement Living with construction expected to commence by mid-2019.

Source: theurbandeveloper.com

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