RIPLEY TOWN CENTRE CONSTRUCTION UNDER WAY
Written on the 9 February 2017 by Brisbane Business News
THE $1.5 billion Ripley Town Centre that will service the rapidly growing Ripley Valley region in the Western Corridor of Ipswich is set to become a reality with construction under way on the highly anticipated project.
The milestone development will create an exciting new regional hub that will service up to 120,000 people expected to call the Ripley Valley home over the next 20 years.
Ripley Town Centre developer Sekisui House, which is also behind the $500 million Ecco Ripley residential community, announced the start of construction of this highly anticipated project today.
The Town Centre will service Ecco Ripley and the broader Ripley Valley, which is set to become one of largest pre-planned communities in Australia.
The Brisbane-based Hutchinson Builders, one of Australia's largest construction companies, commenced work in February on what is destined to become a thriving new heart for the Ipswich region.
The Ripley Town Centre, which will ultimately comprise a broad range of commercial and retail spaces, a dining precinct, regional transit hub, community and entertainment facilities as well as residential, and is expected to be a major growth catalyst for the Ripley Valley.
The first stage of Ripley Town Centre has a project value of $40 million and will create 100 construction jobs and 100 ongoing jobs on completion in March 2018.
It will comprise a marketplace-style centre totalling 9,400 sqm, anchored by a 3,800sqm Coles supermarket and supported by 20 specialty stores, a medical centre and commercial office space. Tenants have already committed almost 80 per cent of available space in this stage.
Civil works for the Town Centre, including major roadwork's to support the development, were completed last year by developer Sekisui House, the world's biggest residential construction company.
The $10 million in civil works included upgrades to Ripley Road and associated infrastructure, laying the groundwork for Sekisui House's a long-term commitment to Queensland's booming south-east corner and the staged Ripley Town Centre and Ecco Ripley development which has a combined project value of $2 billion.
"The commencement of construction for the Ripley Town Centre is a game-changer for Ecco Ripley and the western growth corridor," says Sekisui House Australia CEO and managing director Toru Abe.
"This is the beginning of what we believe will become an important commercial and community heart for Ripley Valley and South East Queensland for many years to come.
"Ripley Town Centre is a milestone project that will be a catalyst for continued growth of the region.
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