This article is from the Australian Property Journal archive
STOCKLAND has received the green light for the $830 million Birtinya Town Centre masterplan development on the Sunshine Coast.
Set on 18 hectares, Stockland plans to develop a subregional retail town centre, a new civic plaza, walkable waterfront along Lake Kawana and open green space – all integrated with commercial, health related research facilities and high density residential.
CEO Mark Steinert said the masterplan approval defines the shared vision for a vibrant mixed use precinct for the $5 billion Oceanside community on the Sunshine Coast.
“With the regions’ above average population growth, 130,000 residents are forecast to live within the main trade area by 2031. 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,” Steinert said.
Stockland Queensland general manager Kingsley Andrew said the Birtinya Town Centre masterplan is the next big catalytic project for Oceanside bringing together commercial, apartments and mixed use development with open green space to create jobs and drive future investment across the Sunshine Coast region.
The development is estimated to generate significant local employment for the region with more than 550 jobs during construction and more than 14,600 new full time jobs on completion.
The first stage of the town centre masterplan is the $87 million Stockland Birtinya shopping centre, with works expected to commence before Christmas.
CEO of commercial property John Schroder said Stockland Birtinya will be the heart of this vibrant and thriving future town centre featuring a flagship Coles and Aldi supermarket, two mini-majors, an open-air, late night dining precinct, some 30 specialty retailers and 522 car parking spaces.
“Upon completion of the first stage next year, this new centre will service a primary trade area of 15,000 people, offering a diverse dining, entertainment and retail offering. It will be a great place for convenience shopping, having a coffee along the waterfront or meeting friends for dinner and drinks,” Schroder said.
Stockland will also develop a service station and two drive-thru tenancies adjacent to the shopping centre in the first stage of development. A second stage of the shopping centre will be developed in future stages taking the total retail to 20,000 sqm.
Australian Property Journal