Developers Pellicano and Perri Projects have received masterplan approval for a $600 million redevelopment of a landmark site at Woolloongabba in Brisbane that will ultimately be home to 2,000 residents.
The South City Square urban renewal project will include six residential high-rises, one hotel, retail facilities and open space.
Pellicano Managing Director Nando Pellicano said Brisbane City Council’s approval of the masterplan confirmed the projects partners vision.
“Currently planned to be a seven-year project, we are excited to announce that construction across stage one is already underway with the project’s first residential offering currently slated for completion in April 2017,” he said.
On completion the project will include more than 850 apartments, a 144-room hotel, 13,000sq m of retail including a full-line underground supermarket and an eight-screen boutique cinema, along with provisions for a medical centre, health and wellness precinct, childcare centre, central marketplace, cafes, restaurants and landscaped surrounds.
The project has been designed by Woods Bagot, DBI, Six Degrees and Oculus. South City Square has been planned around a 5000sq m publicly-accessible city square, representing about 25 per cent of the entire site. A further 20 per cent of the site is dedicated to further public landscaped areas and subtropical plantings, creating a lush green environment.
“Woolloongabba is currently undergoing a period of unprecedented gentrification so we see the development of South City Square as a key destination and lifestyle precinct that will service the suburb’s growing population,” he said.
“Our vision for South City Square is one that encompasses world-class architecture, combined with incredible amenity offerings and a central city square that boasts some of Brisbane’s best restaurants, bars and retail offerings.
“We are currently negotiating with a number of key retail tenants that align with our vision for the precinct, and we are committed to the early delivery of a number of key retail and lifestyle assets.”
In addition to the master plan’s approval, stages one, two and three have also received development approval with 118 apartments all sold and stage two recently launching.