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01 February 2011

Ipswich CBD redevelopment on track

THE floods had widespread consequences, but Ipswich City Properties says the proposed redevelopment of the CBD has not been affected.

An artist's impression of how Ipswich's redeveloped CBD will look.

THE floods had widespread consequences, but Ipswich City Properties says the proposed redevelopment of the CBD has not been affected.

The highly anticipated, billion-dollar transformation of the Ipswich city heart was announced 10 days before Christmas.

The CBD revitalisation master plan was unveiled by Ipswich City Properties (ICP).

The project was awarded to Leighton Properties, one of Australia's largest property developers, and is expected to attract international and interstate investment.

It centres on the revitalisation of the commercial heart of Ipswich, with a 55,000sq m shopping centre, office precinct and inner-city living for 1000 people.

This core will be surrounded by riverfront public space including a library and car parking, with the master plan based on sustainable design principles and integrated transport links with public transport and the Bradfield Bridge.

The project is designed to support the State Government's decentralisation strategy and its ethos is the long-discussed aim of the city centre facing and embracing the Bremer River.

But ICP chairman Paul Tully said yesterday that the river that rose to 19.45m near the new project would not change it.

"There is no impact on the Development Agreement between Ipswich City Properties and Leighton Properties as a result of the recent flood crisis in Ipswich," he said in a statement.

"No retail shops or commercial premises at Ipswich City Square were inundated by floodwater.

"The lower levels of the multi-deck car park at Ipswich City Square were flooded for approximately one day only.

"All levels (bar two) were fully cleaned and re-opened for customer access on Wednesday, January 19."

Full story: www.QT.com.au

 

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