Vicinity has received approval from Brisbane City Council for a city-shaping development that will transform Buranda Village into a modern, mixed-use precinct for the local community to live, work, shop and play.
The $750 million project includes a retail and dining village, office and other commercial spaces, subtropical landscaped public realm areas, more than 620 apartments and up to 50,000m2 of commercial area.
Vicinity’s General Manager of Mixed Use Development, Truman Dare, said, “Buranda Village is an exciting project that unlocks over 105,000m2 of development opportunity and we’re excited to achieve this important milestone in bringing our vision to life.
“The development plans for Buranda Village are the result of over two years of careful planning and research to ensure the project best meets the needs of the community, today and in the future.
The sustainability focus is extended into the design of customer experience
“Our vision is set to transform Buranda Village into an integrated retail and mixed-use precinct that complements the area’s changing demographic and forecast population growth and its prime location just a few kilometres from Brisbane CBD, next to the Princess Alexandra Hospital, and proximate to the planned Olympic Games’ sites.
“The approved plans include the introduction of more than 620 apartments and three commercial buildings to accommodate health services and office space. A new lifestyle precinct will be framed by a 10,000m2 open-air retail and dining precinct, inspired by Brisbane’s suburban village centres and sub-tropical climate.”
Sustainability is an important consideration with the project targeting both a 5-Star Green Star and 5-star NABERS energy rating, while also achieving carbon neutrality for the retail common areas.
The project will create close to 580 jobs during the construction phase and more than 3,200 jobs long-term
The sustainability focus is extended into the design of customer experience, from sustainable, green travel via e-bikes and EV charging stations, to the use of subtropical landscaping and outdoor community spaces to reduce heat impacts.
Expected to begin construction in early 2024, the plan will deliver significant economic benefit, creating close to 580 jobs during the construction phase and more than 3,200 jobs long-term.
