Australian property group Stockland has received development approval for the construction of an $830 million masterplanned town centre on Queensland's Sunshine Coast.
Stockland released a statement saying that they were ready to start construction before Christmas.
The development will cover an 18-hectare area on Queensland’s Sunshine Coast, creating a new town centre at Birtinya. The centre will comprise a 20,000sq m shopping centre, 60,000sq m of commercial space, entertainment premises, residential and hotel offerings, walkable waterfront along Lake Kawana and open green space.
The Birtinya Town Centre will also be integrated with commercial, health related research facilities and high-density residential.
The first stage will be the $87 million Stockland Birtinya Shopping Centre.
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“Our vision for the Birtinya Town Centre is to deliver a true people’s place, with lifestyle amenity for the community now and into the future,” Stockland managing director Mark Steinert said.
“With the regions’ above average population growth, 130,000 residents are forecast to live within the main trade area by 2031.”
The town centre will be centrally located on Kawana Way adjoining the Sunshine Coast Health Precinct, which incorporates the Sunshine Coast University Hospital, Sunshine Coast University Private Hospital, and the Sunshine Coast Health Institute.
The town centre will also be linked to Birtinya Island, Bokarina Beach and the Business Village via cycle ways, walkways, boardwalks and bridges.
Upon completion of the first stage next year, the new centre will service a primary trade area of 15,000 people, offering a diverse dining, entertainment and retail offering while providing 14,600 new full time jobs.
Stockland has committed to a 5 Star Green Star rating for the shopping centre, featuring solar panels and end of trip facilities among other sustainability measures.