A NEW $400 million waterfront community is a step closer after the Queensland Government last week announced it will work exclusively with Leighton Properties to finalise a detailed proposal to design and build apartment, retail and commercial buildings at Northshore Hamilton.
Deputy Premier and Minister for Infrastructure, Local Government and Planning Jackie Trad said the announcement of the project would support approximately 500 jobs during construction, with the proposed development to include more than 700 apartments and retail and business space.
"Northshore Hamilton is one of Australia's largest urban renewal projects, stretching along 2.5 kilometres of Brisbane riverfront land and the revitalisation of this under-utilised, inner city area will create a new residential and retail hub for the community that will be a boost for Brisbane's economy," Ms Trad said.
"With over 700 apartments planned, there will be a permanent residential population for businesses to service, as well as visitors to the planned parkland and new community swimming pool."
The State Government will invest $20 million to develop a shared public precinct and boost community infrastructure, including a new community swimming pool that will be integrated into the overall design and serve as a key centrepiece for the precinct.
"The design team consists of notable Malaysian architect Ken Yeang, whose firm has received over 70 awards in 25 years including the Prinz Claus Award (Netherlands) and the Aga Khan Award for Architecture (Geneva)," the Minister said.
Ms Trad said Economic Development Queensland (EDQ) ran a two-stage competitive bid process for the site.
"Understandably this rare opportunity to develop a two hectare parcel of land on Brisbane's riverfront attracted top-tier developers, all bidding for the chance to turn it into something special," Ms Trad said.
Leighton Properties Project Director, John Campbell, said they were excited to be announced as the preferred developer for the site.
"We put a lot of thought into the public parkland and how to integrate it into the design of the apartments – and I think the result is quite unique," Mr Campbell said.
Earlier in May, Northshore Hamilton was the recipient of a national award at the 2015 Property Council of Australia / Rider Levett Bucknall Innovation and Excellence Awards.