INFRASTRUCTURE & INVESTMENT:
Newstead is undergoing an infrastructure revival, boosted by over $2 billion in infrastructure investment.
NEWSTEAD RIVERPARK $2 BILLION:
The $2 billion Newstead Riverpark urban renewal precinct will turn 17 hectares of riverfront land into a new mixed used development over the next decade. Newstead Riverpark will be a key dining, entertainment and retail destination, as well as a commercial and lifestyle hub, with a central lake and 5 hectares of parklands. As the vision of multiple developers, Newstead Riverpark is a landmark urban renewal for Newstead and Brisbane.
Within Newstead Riverpark, the $1.1 billion Gasworks development will provide a wealth of retail and commercial activities. It is proposed to contain 60,000 sqm of commercial space and 20,000 sqm of retail space, further expanding the existing retail offering. The central public plaza features the iconic gasometer frame, further activating the area and acting as a focal point for community events.
ENERGEX HEADQUARTERS $173 MILLION:
Stage One of the Gasworks development, the 6 storey Energex Headquarters, has been recently completed and employs approximately 1,700 workers. It is Queensland’s first 6 Star Green Star office building, with a net lettable area of 28,600 sqm and twelve ground floor retail stores. Furthermore, Stage Two of the Gasworks development, known as Gasometer 1, contains 8,000 sqm of retail space and 9,100 sqm of A-grade office across four levels.
BANK OF QUEENSLAND HEADQUARTERS $180 MILLION:
Stage Three of the Gasworks development, known as Gasometer 2, will comprise of 23,400 sqm of commercial space, of which 12,500 sqm will be dedicated to the new Bank of Queensland headquarters. The building is a 13 storey A-grade office and more than 1,000 staff has moved in July 2014. A further 1,000 sqm of retail will be developed as part of Gasometer 2, further activating the Skyring Terrace and Longland Street precinct.
AIRPORTLINKM7 4.8 BILLION:
Airportlink is Australia’s largest privately funded transport infrastructure project and was built to relieve congestion in Brisbane’s northern suburbs and improve public transport. It now provides Newstead with increased connectivity to the Clem7 Tunnel, the Inner City Bypass, northern arterials and the International and Domestic Airports.
CLEM7 3.3 BILLION:
The Clem7 tunnel motorway links major Brisbane roads including the Pacific Motorway, Ipswich Road, Inner City Bypass and Airportlink. The Clem7 bypasses 24 existing traffic lights, saving around 15 minutes of travel time and provides an uninterrupted route across the Brisbane River.
CITYCAT & CITYGLIDER:
The CityCat terminal in Teneriffe provides direct connectivity from Newstead to key destinations, including the Brisbane CBD and University of Queensland, via the Brisbane River CityCat network. Furthermore, the CityGlider bus network provides regular bus services between Newstead and the Brisbane CBD.
KINGSFORD SMITH DRIVE $650 MILLION:
The Kingsford Smith Drive upgrade will increase safety and capacity between Brisbane’s arterial road networks. The upgrade will introduce an additional two lanes for vehicular transport improving public transport capacity, as well as delivery of continuous pedestrian and cyclist facilities linking to the highly successful Newstead Riverwalk and on to the Brisbane CBD.
UQ ORAL HEALTH CENTRE $120 MILLION:
The UQ Oral Health Centre is Australia’s largest and most advanced tertiary oral health facility. As part of the UQ Herston Campus, the 120 million OHC facility will include clinical simulation areas, pre-clinical laboratories, lecture and seminar rooms, and research laboratories.
QUT CREATIVE INDUSTRIES PRECINCT, STAGE 2 $80 MILLION:
QUT Creative Industries Precinct Stage Two, located at Kelvin Grove, is currently under construction. It is set to be among the best facilities for dance, drama, music and visual arts students, with a range of studios for sound recording, visual arts, and design.
(Information taken from URBIS NEWSTEAD OUTLOOK – URBIS.COM.AU)