News dalla rete ITA

22 Ottobre 2020

Australia

GREEN LIGHT FOR $450M BRISBANE DEVELOPMENT

A proposal to transform a former Stockland retail and commercial centre in Toowong in Brisbane's inner western suburbs into a $450 million mixed-use precinct has received the green light from the Brisbane City Council. Local development firm State Development Corporation and White & Partners Sydney – the private investment arm of the White family, founders of real estate agents Ray White – acquired the site for about $40 million in March last year with plans to bring new amenities to the riverside suburb. To be called The Aviary, the project, on a 9000-square-metre site on the corner of High Street and Sherwood Road, will offer 150 residential apartments, around 30 retail shops and a large office tower. The Aviary will also include a fresh food market, an elevated outdoor dining precinct, cinemas, and services such as a medical centre and childcare facilities. “The significant growth of mixed-used developments is a result of community demand for self-sufficient hubs based on walkability and convenience,” Ross McKinnon, Founder and Managing Director of State Development Corporation declared. “If businesses have learned anything from COVID-19, it’s that we don’t all have to be working in the city to maximise productivity. Construction on The Aviary is expected to start in 2021 and be completed in 2023. The precinct has been designed by Brisbane architecture firm Nettleton Tribe. (ICE SYDNEY)


Fonte notizia: AFR