INFRASTRUCTURE

New $200m development gets underway on Gold Coast

NOT everything in the bricks-and-mortar realm of the digitally disrupted world of retail is shrinking.

At least, it seems, not within the Brisbane-Gold Coast growth corridor.

Work has begun on what is being touted as becoming one of the biggest large format retail precincts in Queensland at the rapidly growing northern end of the Gold Coast.

The $200 million development to be known as Home Focus Pimpama will have more than 53,000sq m of floor space when completed.

Hardware giant Bunnings has already been secured as a major tenant in the homemaker centre, subject to development approval.

Guzman y Gomez, the global casual-dining restaurant chain, is another key tenant that has pre-committed to the first stage of the project.

The large format retail precinct — at Exit 49 on the M1 motorway — is being developed by the Gold Coast-based Baycrown Group, which bought the 24.8ha site at Yawalpah Rd, Pimpama, in 2014 for $14.18 million.

New $200m development gets underway on Gold Coast 2

Artist’s impression of an aerial view of the $200 million large format retail development, Home Focus Pimpama.

Baycrown’s managing director, Olivia Van Asperen, said the group was excited to be creating the new retail precinct and being a part of the growth of the local community.

“Pimpama is recognised as one of the fastest growing areas in southeast Queensland,” she said.

“Stage one of Home Focus Pimpama consists of 28,017sq m of retail floor space with more than 60 per cent already pre-committed.”

Bunnings is looking to open its new warehouse outlet late next year and there will be about 30 other tenancies ranging in size from 200sq m to 2000sq m in stage one.

Ms Van Asperen said the Baycrown had been working with Paul Ziukelis Architects to masterplan and design the homemaker precinct, which will also feature pedestrian and bicycle linkages and 1200 carparking spaces.

She said an upgrade of Yawalpah Rd to four lanes fronting the Home Focus Pimpama site had created high connectivity and visibility from the M1 and a new link road through the project, named Nexus Drive, would further assist traffic flow in the area.

New $200m development gets underway on Gold Coast 1Artist’s impression of the $200 million large format retail development, Home Focus Pimpama.

CBRE’s Andrew Brimson and Sam Macgregor have been appointed as exclusive leasing agents for the project.

Mr Brimson said about 16,500sq m of tenancies in stage one had been pre-committed.

He said along with Bunnings and Guzman y Gomez, leasing deals had been struck with BP Australia, Wild Bean Cafe and Hype Health Club.

“We are into the expressions of interest phase to lease the balance of the stage one tenancies and have a number of national retailers interested in the centre,” Mr Brimson said.

“Given the significant residential development surrounding Home Focus Pimpama there will be a large number of households in the project’s prime catchment area, making for an extremely attractive and strategic location for major large format retailers.”

Baycrown is also in the process of planning a Home Focus-style project in Melton, Victoria.

REVEALED: Location of new Gold Coast train station

The State Government has today revealed the location of a brand new Gold Coast train station.

Minister for Tourism Industry Development Kate Jones said that the new station will be built on the Old Pacific Highway at Pimpama, just south of the new shopping centre.

“We have been listening to the Gold Coast community and we are very excited to announce we have chosen the location of the new Pimpama train station,” the Minister said.
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Government Commits $351m to Gold Coast Light Rail 2

The Queensland state government has announced a $351 million commitment towards the next stage of the Gold Coast Light Rail that would connect the southern Gold Coast to the remainder of the line.

Stage 3A will extend the existing route by seven kilometres from Broadbeach South to Burleigh Heads and includes eight new train stations.

Premier Annastacia Palaszczuk expects it would take around three years to build Stage 3A, with the possibility of trams operating to Burleigh Heads by 2023.

Government Commits $351m to Gold Coast Light Rail 1

But $709 million is needed to build the third stage. And what the Queensland government has announced is almost half, with the Premier calling on federal funding to increase its current $112 million commitment to the Gold Coast extension.

Palaszczuk says state government is “all aboard” to build the project’s third stage, but called for a “fair funding deal” from federal government to get the project on track.

The current commitment federal government has made to the Gold Coast project’s third stage is $112 million, or 16 per cent.

“What we’re asking the Morrison government to do is commit $269 million to the project which is the same proportion funding arrangement (38 per cent) they invested in stage one.

Government Commits $351m to Gold Coast Light Rail 2

 

  • Stage 1 – The federal government committed 38 per cent of total costs.

  • Stage 2 – The federal government committed 22 per cent of total costs.

  • Stage 3A – The federal government has committed 16 per cent of total costs.


The prime minister is scheduled to be in Queensland this week for the Council of Australian Governments (COAG), where the premier says the two will discuss the project’s funding further.

In the five years since its first operation more than 42 million passengers have used the G:link service. During the Commonwealth Games more than one million tram trips were taken.

The third stage of delivery is expected to create 760 jobs during construction.

 

 

 

Source: theurbandeveloper.com

Gold Coast development Sunland files revamped The Lanes Residences development application

THE height of a $1.3 billion luxury mini-city planned for a major Gold Coast development site is going up.

Developer Sunland has filed revised plans for its four-tower The Lanes residences project, planned for a Clear Island Waters site ahead of its release to the market in coming months.

According to the new plans, the height of the towers will slightly increase by around half a metre.

The design of the towers have changed.
While they will still be classified as two 10 and 12-storey buildings, the height increase means the buildings will legally be a level taller.

It also means the project will go before councillors for approval later this year.

 

 

Source: www.goldcoastbulletin.com.au

City-Deal-a-58bn-‘Game-Changer’-for-Southeast-Queensland

South-east Queensland could be green-lit for the biggest “city deal” in Australia, with a $58 billion proposal to guide its growth, and the prime minister announcing his support for the major plan.

With a focus on supporting diverse sectors within the region including housing and planning, tourism, manufacturing and education, the SEQ City Deal could also pave the way for government-owned land to be opened for development.

Read more

A $30 billion pipeline of private and public development will be rolled out on the Gold Coast over the next decade, putting paid to criticisms it would suffer a post-Commonwealth Games slowdown.

Nearly $20 billion in housing and apartment projects will meet the city’s ongoing growth, while a further $10 billion in public and private infrastructure is either underway or planned for the city post Commonwealth Games. Read more

coomera-indoor-court

Coomera Indoor Sports Centre, the venue that will host the Gold Coast 2018 Commonwealth Games (GC2018) Artistic and Rhythmic Gymnastics as well as the Netball competition.

This is a wonderful facility that will be a lasting legacy of the Commonwealth Games, and just one more reason to call the Gold Coast home.
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Thriving Coomera community announces new school

PARENTS living in Coomera Community will soon have a new Catholic school to choose from that has a connection with Australia’s first saint.

The new Catholic Prep-to-Year 12 school will be named St Joseph’s College and is expected to open on a 10ha site on Kerkin Road South in 2019.

Read more

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picnic-creek-state-school-opens

Welcome to Picnic Creek State School

The innovative design of our new $40 million school re-imagines the traditional classroom environment by embracing contemporary learning,
to include flexible learning options, all-weather outdoor teaching spaces and integrated technology. Read more