FROM REDLAND CITY COUNCIL
Redland City Council has partnered with global powerhouse Shayher Group to deliver an exciting community precinct in Capalaba Town Centre.
Redland City Mayor Karen Williams said Council had signed a development agreement with Redland Investment Corporation (RIC) and Shayher Group to revitalise the principal activity centre to be the commercial, entertainment, cultural and civic heart of Capalaba.
“The agreement for the commercial hub of Capalaba will see delivery of a $250 million project that incorporates exemplar public spaces including community assets such as a new library, customer service centre, arts centre and community hall,” Cr Williams said.
“This will be complemented with a renewed public realm that is activated and innovative, using best practice architecture and sub-tropical design.
Cr Williams said Shayher Group had extensive experience delivering mixed-use developments such as the Brisbane Quarter precinct, redeveloping the former CSIRO site in Indooroopilly and developing the former Government landholdings in Northshore Hamilton.
Redland City Council engaged RIC to implement Council’s vision for a vibrant Capalaba Town Centre.
RIC Chief Executive Officer Peter Kelley said they ran an extensive Expression of Interest campaign calling for proponents from the private sector.
“The Capalaba Centre Master Plan, adopted by Council in 2010, identified key areas of need at Capalaba, which holds tremendous potential as the entry into Redlands Coast,” Mr Kelley said.
“The key areas included an active town square, a need to improve pedestrian movement and repositioning Capalaba as a primary employment, transit, and mixed-use development centre.
“Shayher Group presented an exciting and dynamic proposal that will bring much-needed infrastructure and improve connectivity, creating a mixed-use precinct in Capalaba.”
Shayher Group Managing Director John Lin said they were proud to be part of the landmark project.
“We envision bringing the Redlands Coast community together by accommodating major employment and community facilities, complemented by an innovative and high-quality public realm and village green,” Mr Lin said.
Division 8 Councillor Tracey Huges said she supported plans to revitalise the area.
“Capalaba is home to a growing number of families, so it’s important this project protects the local community feel of the area while also delivering much-needed activation,” Cr Huges said. “This project will breathe new life into Capalaba and boost the local economy.”
The next stages of the Capalaba Town Centre Revitalisation Project will include detailed design and development applications in 2023.