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LEIGHTON Properties has been appointed to develop a $400 million waterfront community at Northshore Hamilton.
The developer will finalise a detailed proposal to design and build a series of apartment, retail and commercial buildings at the precinct.
State government will invest $20 million in the project, which is expected to create about 500 jobs during construction.
Deputy Premier and Minister for Infrastructure, Local Government and Planning Jackie Trad says the investment will be used to deliver a new community swimming pool.
"Northshore Hamilton is one of Australia's largest urban renewal projects, stretching along 2.5 kilometres of Brisbane riverfront land and the revitalisation of this under-utilised, inner city area will create a new residential and retail hub for the community that will be a boost for Brisbane's economy," Trad says.
"Hundreds of jobs will be created during the construction phase of Leighton's proposed development and their design proposal also includes space for approximately 18 retail and service businesses.
"With over 700 apartments planned, there will be a permanent residential population for businesses to service, as well as visitors to the planned parkland and new community swimming pool."
Economic Development Queensland conducted a two-stage competitive bid process for the site, before selecting Leighton Properties.
Project director John Campbell says the team was excited to be chosen as the preferred developer.
"We put a lot of thought into the public parkland and how to integrate it into the design of the apartments and I think the result is quite unique," he says.
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