8 March 2016
One of Brisbane’s largest inner city urban renewal projects, the $600 million South City Square, will create an urban oasis in the heart of Woolloongabba.
Developers Pellicano and Perri Projects have been granted masterplan approval for their 2.14ha development site on the corner of Logan Rd and Deshon St which will include six residential high-rises, one hotel, a host of retail and open space.
Pellicano’s managing director Nando Pellicano said Brisbane City Council’s approval of the masterplan confirmed the projects partners vision.
“Currently planned to be a seven-year project, we are excited to announce that construction across stage one is already underway with the project’s first residential offering currently slated for completion in April 2017,” he said.
As well as offering more than 850 apartments and a 144-room hotel the site will have 13,000sq m of retail including a full-line underground supermarket and an eight-screen boutique cinema, along with provisions for a medical centre, health and wellness precinct, childcare centre, central marketplace, cafes, restaurants and landscaped surrounds. In addition the project will deliver 1500 underground car spaces.
Designed by a hat includes Woods Bagot, DBI, Six Degrees and Oculus, South City Square has been planned around a 5000sq m publicly-accessible square, representing about 25 per cent of the entire site. A further 20 per cent of the site is dedicated to further public landscaped areas and subtropical plantings, creating a lush green environment.
Pivotal to the developers’ vision for the site is their commitment to retaining ownership and management of the retail and commercial spaces under their residential management arm, City Square Property Management.
This will position them as the largest investors across the site and therefore committed to the precinct’s ongoing development and establishment as a thriving retail and lifestyle offering.
Perri Projects’ managing director David Scalzo said South City Square would reinforce Brisbane’s coming of age as a new world city.
“Woolloongabba is currently undergoing a period of unprecedented gentrification so we see the development of South City Square as a key destination and lifestyle precinct that will service the suburb’s growing populations,” he said.
“Our vision for South City Square is one that encompasses world-class architecture, combined with incredible amenity offerings and a central city square that boasts some of Brisbane’s best restaurants, bars and retail offerings.”
“We are currently negotiating with a number of key retail tenants that align with our vision for the precinct, and we are committed to the early delivery of a number of key retail and lifestyle assets.”
In addition to the master plan’s approval, stages one, two and three have also received development approval with 118 apartments all sold and stage two recently launching.
South City Square is set to become home for over 2000 residents once completed.