Yeerongpilly Renewal

A major urban renewal project in Brisbane’s south continues as the first residential stage of the $850 million development project has launched to market. Spanning a 14-hectare site, Yeerongpilly Green, described by the Queensland government as “an exciting urban village” is under way by developer Consolidated Properties Group and CVS Lane Capital Partners.

The regeneration project, located five-kilometres from Brisbane’s CBD, will comprise 28,000sq m of commercial space, an 8750sq m retail and dining precinct, and 1.8 hectares of parkland space, with plans for 1200 dwellings to be constructed. Consolidated Properties, led by Don O’Rorke, won the government tender to develop the Brisbane riverside site in 2015. The first stage of the planned $250 million shopping hub at the heart of the urban renewal project is now under way with a $10 million restoration program for two heritage-listed properties, The Institute and The Stables.

Following the restoration, The Stables building will serve as an “experience centre”, incorporating a new Yeerongpilly Green sales and display suite. When completed, the precinct will be home to 3000 new residents, and a range of commercial and retail businesses. Woolworths has also been announced as the anchor tenant for the 5,000sq m retail district and will create close to 100 new jobs once completed.

The launch to market of three boutique buildings marks the first public release of the residential stage. Park House and Garden House, which are both five levels in height, comprise 35 and 56 apartments respectively. While Green Terraces will comprise ten, three-bedroom residences. O’Rorke said the Yeerongpilly project is in-line with the company’s plan to focus on residential development in established urban areas. “After 40 years in development it’s my view that we need to be enriching amenities and social infrastructure through redevelopment in our existing communities, rather than contributing to sub-urban sprawl,” he said.

Minister for State Development, Manufacturing, Infrastructure and Planning, Cameron Dick said the recent completion of more than five hectares of parklands, new pedestrian-friendly pathways and new roads at Yeerongpilly Green had put the development on show to the public.