STOCKLAND last week announced it has received state and local planning approvals for the proposed $830 million Birtinya Town Centre masterplan development on Queensland's Sunshine Coast.
Across an area of 18 hectares, Stockland plans to develop a subregional retail town centre, a new civic plaza, walkable waterfront along Lake Kawana and open green space - all integrated with commercial, health related research facilities and high density residential.
Mark Steinert, Stockland Managing Director & CEO, said the masterplan defines the shared vision for a vibrant mixed-use precinct for the $5 billion Oceanside community on the Sunshine Coast.
"With the regions' above average population growth, 130,000 residents are forecast to live within the main trade area by 2031.2 Our vision for the Birtinya Town Centre is to deliver a true people's place, with lifestyle amenity for the community now and into the future," Mr Steinert said.
The town centre will be centrally located on Kawana Way adjoining the Sunshine Coast Health Precinct, which incorporates the Sunshine Coast University Hospital, Sunshine Coast University Private Hospital, and the Sunshine Coast Health Institute.
Extensively developed cycle ways, walkways, boardwalks and bridges will link the town centre to Birtinya Island, Bokarina Beach and the Business Village.
The Birtinya Town Centre development is estimated to generate significant local employment for the region with more than 550 jobs during construction and more than 14,600 new full time jobs on completion.
The first stage of the town centre masterplan is the $87 million Stockland Birtinya Shopping Centre, with works expected to commence before Christmas.
John Schroder, Stockland Group Executive and CEO of Commercial Property, said the town centre will be designed to embrace its coastal location with architectural finishes, extensive landscaping and natural ventilation.
"Stockland Birtinya will be the heart of this vibrant and thriving future town centre featuring a flagship Coles and Aldi supermarket, two mini-majors, an open-air, late night dining precinct, some 30 specialty retailers and 522 car parking spaces," Mr Schroder said.
"Upon completion of the first stage next year, this new centre will service a primary trade area of 15,000 people, offering a diverse dining, entertainment and retail offering. It will be a great place for convenience shopping, having a coffee along the waterfront or meeting friends for dinner and drinks."
Stockland will also develop a service station and two drive-through tenancies adjacent to the shopping centre in the first stage of development. A second stage of the shopping centre will be developed in future stages taking the total retail to 20,000 square metres.