Work has begun on the first stage of the $850 million Yeerongpilly Green Riverside community, supporting 631 construction jobs.
Construction is expected to be finished in mid-2023.
Deputy Premier and Minister for State Development Steven Miles was onsite to turn the first sod together with Consolidated Properties Group and CVS Land Capital Partners who will deliver the project.
Miles said: “The commencement of construction of the first stage is a major milestone that will deliver 83 apartments and 10 luxury terrace homes, together with a Woolworths retail centre, café and dining precinct, specialty stores and commercial offices which will support 631 jobs during construction.
“Projects such as Yeerongpilly Green Riverside help address land supply challenges, catering for Queensland’s booming population whilst creating local jobs.
“The Yeerongpilly Green Riverside master plan, which includes up to 1,200 homes, will generate around 6,600 construction jobs, including 335 apprentice jobs and 1,000 full-time long-term jobs on completion – providing a major boost to Queensland’s COVID-19 Economic Recovery Plan.”
Member for Miller Mark Bailey said Economic Development Queensland (EDQ), in partnership with the developer, invested over $30 million to deliver the parks and public infrastructure.
Bailey said: “Yeerongpilly Green is a great example of how we are investing in our local communities and supporting job creation for Queenslanders.
“We have created a pedestrian spine between the Yeerongpilly Railway Station and the Pat Rafter Tennis Arena and parks as well as other infrastructure including roads, verges, landscaped public spaces and all services necessary for a modern master planned community.”
Consolidated Properties Group chairman and chief executive officer Don O’Rorke said the start of construction follows years of hard work on approvals, design and community consultation.
O’Rorke added: “Yeerongpilly Green Riverside has been holistically designed to include everything a community could want from health and wellness services through to shopping, public transport, parkland and premium homes that complement the local environment.
“It delivers a destination on Brisbane’s southside away from the hustle and bustle of the CBD with well-known food and beverage operators creating bespoke dining experiences alongside Yeerongpilly Green Riverside’s heritage buildings.
“The residences have really resonated with buyers, which can be seen from the 90 per cent pre-sales achieved so far.”
CVS Lane chief executive officer Lee Centra said that the start of construction at Yeerongpilly Green Riverside was a major milestone for what is a nationally significant urban regeneration project.
Centra continued: “The vision for Yeerongpilly Green Riverside has been to transform an underutilised 14-hectare site, only seven kilometres from the Brisbane CBD, into a major residential, retail and commercial destination, and it’s very pleasing to see that vision taking shape.
“With Brisbane’s growth set to accelerate in the next few years in the build up to the 2032 Olympics we’ll see increased demand for quality mixed used lifestyle precincts and so the project is very well positioned.”