Property Development

Planning Update Set to Transform 108-hectare Inner City Precinct

Written by The ReReport
As seen in the Source link, written by theurbandeveloper.com on 2019-06-24 15:45:21

New building heights and increased communal space are the latest updates incorporated into an inner city precinct spanning an area half the size of Brisbane’s CBD.

Pegged as a priority development area by state government, the planning scheme provides for the long-term growth of around 23,000 new homes and one million square metres of commercial, retail and industrial floor space in Bowen Hills.

Under the revised development scheme, new residential developments will now provide 10 per cent of floor area with three or more bedroom dwellings, in a move to accommodate the growing number of families living in apartments.

State development minister Cameron Dick said the scheme responds to “trends in the Australian property market”.

“Providing choice for families who want to live close to jobs and public services including the new Fortitude Valley State Secondary College,” he said.

“ABS data shows up to 15.5 per cent of apartment dwellers are families with one or more children in the greater Brisbane area.”

Related: Brisbane Set for 42ha Inner City Park