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First Look at $750 Million Albion Train Station Revamp



brisbane development

Brisbane-based developer Geon Property has lodged plans for stage one of the $750 million Albion Train Station precinct redevelopment.

The project, dubbed Albion Exchange, is a ten-stage project set to be delivered over 15 years with community consultation on the future masterplan to commence shortly.

The site has been earmarked for redevelopment for a number of years by the Queensland government as an opportunity to “improve connectivity and public transport facilities to better service the local community”.

A $28.7 million upgrade of transport facilities and access to the Albion Train Station has also been tied into the proposal creating a genuine transit oriented development.

Stage one will feature a new food and beverage destination, health and wellbeing offerings, and two new multi-level residential buildings over a commercial and retail podium.

The first of the two residential buildings will reach 30-storeys and provide 203 apartments, while the second building will reach a height of 23-storeys with 130 apartments with a total gross floor area of 31,836 square metres.

brisbane development

The site is positioned above the existing Albion Train Station, making it a genuine Transit Orientated Development.Image: Geon Property

The 4,900sq m site sits immediately south and above the existing Albion Train Station, stretching as a spine from the Albion Overpass through to the former Albion Fire Station located on Merehaye Street.

“Albion Exchange is set to become Brisbane’s latest mixed-use project and will create a vibrant community heart for the inner-northern suburbs,” Geon Property senior development manager Tim Rossberg said.

“Albion Exchange is a unique inner-city development which will further the suburb’s modernisation by creating an energised and connected destination.”

Albion is currently one of Brisbane’s fastest growing areas with the suburb’s population estimated to grow by more than 4000 residents by 2036.

brisbane development

The project aims to connect the east and west of Albion, which is currently segregated by the train line.Image: Geon Property

Community feedback sessions for stage one have been well attended, with the local community showing a high level of interest in the level of amenity and public space offered by Albion Exchange.

“The size and quality of public amenity in our Stage One proposal will transform the inner-city transit node into a green public sanctuary, with a strong emphasis on community interaction and exchange, legibility and accessibility,” Rossberg said.

“Over sixty-five per cent of the stage one site area will be dedicated to public space for the community.”

The proposal also includes 4,900sq m of new green open space and a public plaza connecting the east and west of Albion Road as well as 573 car parks and 461 bicycle parks.

The end of the city’s train line at Ferny Grove is also set for a major transport, retail and residential project.

In Brisbane’s CBD, Roma Street Station has also benefited from plans to create Brisbane Live! entertainment district, a 17,000-seat venue that will be built above the new Roma Street underground station.

Construction for Albion Exchange will start in early 2020, subject to development approval.

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Brisbane Development Site Available for First Time in a Century



Brisbane Development Site Available for First Time in a Century

Expressions of interest are being sought for two nearby development sites that are being offered to the market for the first time in over 120 years at Broadwater Terrace and Marine Street, Redland Bay, Queensland.

The total site size of 1.933ha comes with 36 existing titles, and consists of a northern “island site” parcel and a southern parcel, with purchasers able to buy either one or both sites.

The asset, zoned medium density residential, is being marketed by Ray White Special Projects Queensland’s Andrew Burke and Matthew Fritzsche and Ray White Commercial Bayside’s Nathan Moore and Jonathon Burrowes.

“The last time this land parcel was available to the market, planning for the construction of the Story Bridge hadn’t even begun, so this really is a once-in-a-century opportunity,” Burke said.

“Across the road the northern parcel of 1.7 hectares comprises an ‘island site’ forming the amalgamation of 32 existing titles, which are partly utilised for residential housing and partly utilised for farming purposes.

“The individual allotments are estimated to range in size between circa 450sq m and circa 815sq m.

“The southern parcel of 2,343sq m comprises the amalgamation of four adjoining allotments, forming a corner site with frontage to both Marine Street and The Esplanade. The site is improved with two dwellings.

“Any multi-storey would be provided with significant views of the bayside.”

“The total site has two existing development approvals, the first of which is for a material change of use for a 28-unit apartment building,” Fritzsche said.

“The second approval is on a portion of the northern parcel for mixed use apartment building/tourist accommodation comprising 90 units, shop, and refreshment establishment.

“The sites are also within walking distance to the Redland Bay Marina, as well as the Redland Bay Hotel, cafes, shops, banks and an IGA.”

“Redland Bay is a picturesque suburb and sits just 40km south west of Brisbane CBD and is just 10km from Cleveland.

Brisbane Development Site Available for First Time

Ian Gordon said the land was of great historical significance to his family, with their great grandfather David Slawson originally purchasing the site around the turn of the century.

“David Slawson was a pastry cook who left Kingston upon Thames in England and started a pastry shop beside T C Beirnes in the Valley,” Gordon said.

“He was quite successful at this and is mentioned in the book, History of Queensland. He also ran and owned the Redland Bay Hotel and catered for guests to stay on holidays.

“His daughter Florence Slawson inherited the land and later married Charles Gordon, who became the Shire Clerk of the Tingalpa Shire before the Redland Shire existed.

“Charles then became the Shire Clerk of the Redland Shire when it was named. The land was farmed along with other parcels, growing small crops, custard apples and bananas.

“The ownership later transferred to my uncle Robert Gordon and my father Jack Gordon who was Councillor and Deputy Chairman for the local council for a period of 30 years.

“I’ve since farmed the land for approximately 40 years growing bananas. There have been five generations who have lived on this land.”

Expressions of interest close on Wednesday, 6 March 2019.



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Developer Demand for Brisbane Suburban Sites



Developer Demand for Brisbane Suburban Sites

A development site in Brisbane’s south has been snapped up by privately-owned residential aged care operator TriCare for $10.8 million.

The 4.069-hectare property in Rochedale was owned by a local family for more than 27 years.

JLL’s Sam Byrne brokered the deal, located at 20 Ford Road, via an expression of interest campaign which attracted five competitive bids.

“We received over 80 enquiries from local, interstate and off-shore developers,” Byrne said.

“The purchaser, privately owned residential aged care and retirement living operator TriCare, moved swiftly to acquire the landholding which neighbours their proposed retirement community.”

Since the rezoning of Rochedale, Byrne says a major transformation of the suburb has taken place with multiple new housing estates proposed and completed, attracting further attention for development.

Rochedale’s population is forecast to triple by 2036 according to government statistics.

“The suburb’s median house price is in excess of $1million; this is the same range as some of Brisbane’s most affluent suburbs such as Hamilton and Hawthorne,” Byrne said.

Brisbane Suburban Sites

In Brisbane’s east, developer Estates Co. has purchased two development approved sites totalling 2.23 hectares in Hemmant which sits 10 kilometres of the Brisbane CBD.

The Brisbane-based developer snapped up the properties, at 261 and 273 Hemmant-Tingalpa Road for $5 million and have approval for 36 home sites ranging from 400sq m to 600sq m.

The purchase follows on from Estates Co. acquisition of 30 Oswald Street Hemmant for $4.715 million around 12 months ago, with plans for a total of 68 residential lots.

Colliers International’s Jason Dao brokered the deal.

“Estates Co. has developed other projects in the surrounding area and has an excellent understanding of key infill sites, targeting these sites as the last available flood free land in the area,” Dao said.

Estates Co. said both projects will be developed in the first quarter of 2019.



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Yeerongpilly Green Urban Renewal Project Forges Ahead



Yeerongpilly Green Urban Renewal

Consolidated Properties Group has commenced the retail component at its $850 million Yeerongpilly Green development in south Brisbane.

The first stage of the planned $250 million shopping hub at the heart of the urban renewal project is now under way with a $10 million restoration program for two heritage-listed properties, The Institute and The Stables.

Woolworths has also been announced as the anchor tenant for the 5,000sq m retail district and will create close to 100 new jobs once completed.

The Yeerongpilly Green development will comprise more than 5,000sq m of retail, commercial buildings, five hectares of parkland, a 103-room boutique hotel, country club, and 1,200 dwellings for 3,000 new residents.

Yeerongpilly Green Urban Renewal

Following the restoration, The Stables building will serve as an
“experience centre”, incorporating a new Yeerongpilly Green sales and display suite.

“The $5 million building will be completed mid-2019 and will be used as an experience centre incorporating a sales and display suite ready for our sales launch on 3 August at which our first 91 apartments and 10 townhomes will be formally released,” Consolidated Properties chairman Don O’Rorke said.

Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said the recent completion of more than five hectares of parklands, new pedestrian-friendly pathways and new roads at Yeerongpilly Green had put the development on show to the public.

“Around 90,000 people recently attended the Brisbane International tennis tournament and I’m sure they would have been delighted with the progress and change this urban renewal project has brought to the area,” Dick said.

“With new parklands, new pedestrian-friendly pathways and new roads complete, Yeerongpilly Green is already putting on a show, and this highly-anticipated retail precinct with the new Woolworths will form the heart of the project and provide the shopping experience an urban renewal project of this scale merits.”

Around 50 or so buildings once stood on the 14 hectare site which runs along the Brisbane River between the Queensland Tennis Centre and Yeerongpilly Railway Station, with only a few heritage buildings still remaining which will be incorporated into the project.

Construction for the entire project is anticipated to take over 10 years and will generate around 6,600 construction jobs with The Palaszczuk Government committing $30 million towards the creation of parks, plazas and infrastructure at Yeerongpilly Green.



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