A $250 million development program at Yeerongpilly Green is forging ahead with today’s launch of the retail precinct for the southern Brisbane urban renewal project.
Acting Premier and Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said the shopping hub would be at the heart of the $850 million Yeerongpilly Green development as he announced supermarket giant Woolworths as a major tenant anchoring the hub’s 5000sqm of retail space.
"Woolworths commitment is the catalyst for development of Yeerongpilly Green’s village centre, which will be a major drawcard for prospective purchasers looking to secure a home in the first stage of this vibrant riverfront community," he said.
"This supermarket will also generate around 100 jobs for the local community once completed.
"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.
"The recently opened new public park and pedestrian concourse was well-used by tennis fans as a perfect link through the renewal project from Yeerongpilly Train Station to the Queensland Tennis Centre, Ken Fletcher Park and Tennyson Reach, and traffic has been flowing well through the new road from Softstone Street to Fairfield Drive, after King Arthur Terrace was closed for reconstruction.
"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."
Mr Dick said, when completed, Yeerongpilly Green will be home to 3000 new residents, a range of commercial and retail businesses, including a boutique hotel, and 2.4 hectares of parkland and open space.
"Construction over 10 years will generate around 6,600 construction jobs, including 335 apprentice jobs, and 1,000 full-time long-term jobs on completion," he said.
"The Palaszczuk Government has invested $30 million into the creation of parks, plazas and infrastructure at Yeerongpilly Green, which will benefit residents, Brisbane locals and visitors, and we are extremely proud to have backed this economy-boosting project and the jobs it is generating for Queenslanders."
Member for Miller Mark Bailey said the urban renewal project is already a contributing strongly to the local community.
"It’s fantastic to see this project evolve and the Palaszczuk Government has ensured the public areas are of an extremely high quality," he said.
"The local community is excited by the notion that once this great new retail precinct is open, they will be able to enjoy the ease of shopping for groceries or grabbing something to eat or drink at their doorstop."
In preparation for the shopping hub and first stage of the new community, Consolidated Properties has also begun a $10 million restoration program for two heritage-listed properties – The Institute (brick building) and The Stables (timber building).
"The renewal project is conserving Queensland’s past, and we are pleased to see the restoration and refurbishment of the heritage Queenslander building beginning to take place," Mr Bailey said.
Consolidated Properties Executive Chairman Don O'Rorke said today is a very special day for Yeerongpilly.
"Not only are we announcing Woolworths commitment to anchoring our village, we are also commencing development of one of two Heritage buildings," he said.
"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."
