Work has begun on the first stage of the $850-million Yeerongpilly Green Riverside community.
The first stage includes 83 apartments, 10 terrace homes, a Woolworths, dining precinct, commercial offices and retail space.
The Yeerongpilly Green Riverside masterplan includes 1200 homes and 2ha of parkland, and will create about 6600 construction jobs.
Economic Development Queensland invested $30 million to deliver parks and infrastructure as part of the wider project connecting the train station and tennis arena.
Ninety-five per cent of stage one has been sold for a combined total of $77 million.
Consolidated Properties Group chief executive Don O’Rorke said it had been years of work to get the project online.
“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,” O’Rorke said.
“It delivers a destination on Brisbane’s south side 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.”
CVS Lane chief executive Lee Centra said the start of construction at Yeerongpilly Green Riverside was a major milestone for the urban regeneration project.
“The vision for Yeerongpilly Green Riverside has been to transform an under-utilised 14ha site, only 7km from the Brisbane CBD, into a major residential, retail and commercial destination, and it’s very pleasing to see that vision taking shape,” he said.
“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.”
Construction of the first stage is expected to be completed in mid-2023.
