Yeronga TAFE Masterplanned Redevelopment Breaks Ground

Construction has begun on a major urban renewal project in Brisbane’s south where a former TAFE college site is being transformed into a mixed-use precinct, including 281 homes.

The 3.1ha maspterplanned Parkside Yeronga at Park Road and Villa Street will also include a community centre, small-scale retail and commercial spaces, plus 4000sq m of public open spaces.

Parkside Yeronga Consortium—known as Yeronga Heart—will deliver a 169-apartment retirement living facility, 37 custom-designed town homes, and 75 social and affordable units within the Yeronga Priority Development Area (PDA).

Economic Development Queensland was leading the public-private consortium made up of JGL Properties, Brisbane Housing Company and Retire Australia, the state government said.

The project had attracted about $185 million in private-sector investment and created an estimated 532 construction jobs over four years, said the government, which is investing more than $40 million to prepare the site.

Bellwether Contractors have been tasked to deliver the masterplan civil works, infrastructure upgrades and the creation of serviced and development-ready lots, the government said.

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▲ Partial render of the proposed Yeronga development.

Member for Miller Mark Bailey said the private investment would boost the local economy.

“Parkside Yeronga will be home to hundreds of Queenslanders who will live in a diverse range of housing styles in an area benefiting from a range of pre-existing and new community facilities,” Bailey said.

Yeronga Heart director Bill Bennett said the project would produce well-designed, innovative and affordable housing choices only 6km from the Brisbane CBD.

“Parkside Yeronga will address the area’s growing housing needs, with housing choices ranging from affordable units, terrace homes suitable for a family, to independent retirement apartments with onsite care.

“Future residents will benefit from established road and public transport access as well as new facilities within the precinct,” Bennett said.

Article source: Queensland Property Investor