Sydney developer Vanguard is planning to submit a development application to Logan City Council for a $160 million mixed-use development in Springwood.
The company purchased the approximately 11,313 square metre site from the Watson family, a Logan City development group, through Stephen Kidd of Ray White Commercial.
The plans for Watland Plaza feature a cinema complex, medical centre, gymnasium, serviced apartments, residential apartments and a substantial restaurant focused retail complex. The development will feature the region’s first four-star hotel.
Watland Plaza aims to bring a quality destination to the area of Logan so its residents would no longer have to travel to Brisbane or the Gold Coast for “one-stop” restaurant and retail offerings.
Located at 3406 Pacific Highway, Springwood, the plaza is expected to be a substantial development.
Kidd said updated plans to be lodged allow for a 10-level mixed use complex on the hill-top location, which has excellent exposure to the Pacific Motorway and coastal views.
“The developers are planning a cinema complex of between 2500 square metres and 3000 square metres,” Kidd said.
“The plans also include an 80-90 room hotel, more than 100 residential apartments and 2,700 square metre of restaurant space. With up to 20 restaurants at the one convenient location, it is our intent to offer a gustatory wonderland to Logan’s residents.
“Easily accessed from both sides of the M1, on-site parking for almost 600 cars will be provided over five levels for patron’s convenience.
“Discussions are well advanced with a cinema chain, hotel operators, serviced apartment operators and student accommodation providers.”
In April 2012, the Logan City Council granted preliminary approval for the development of a mixed-use project on the site.
Kidd said the developers are seeking final approval for the $160 million development of about 15,000sq m of mixed-use floor space.
“This development is ideally positioned in the fast population growth corridor suburb of Springwood,” he said.
“The Springwood commercial precinct is one of several major commercial precincts which make up Logan City, though the only one which has direct exposure to the large volumes of traffic travelling between Brisbane and the Gold Coast.”