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17 April 2012

Redevelopment surging ahead with 8-storey building next Project will bring back CBD heart




A SECOND, eight-storey tower in the massive Icon Ipswich project is on the drawing board as the billion-dollar redevelopment surges ahead.

The Ipswich City Square redevelopment on the corner of Brisbane and Bell Sts has been called the rebirth of the city centre.

The first stage of the project is a nine-storey office tower with 18,000sq m of office space and 200 car parks.

The developers Leighton Properties and Ipswich City Properties are preparing to lodge a development application for a second tower.

ICP chairman Paul Tully said tower one was ahead of schedule and interest was building in tower two.

"Tower one is progressing well, with expectation the project will be completed by the third quarter of 2013," he said. "With tower two, we are in the market for tenants and actively pursuing opportunities." He said construction was scheduled to start in the first quarter of next year and it was expected to have eight levels.

The finished multi-stage reconstruction will span four CBD blocks, incorporating 170,000 sq m of commercial, retail, residential and public space.

A Leighton Properties spokeswoman recently said the developer was on the verge of announcing tenants for Icon Ipswich.

Leighton Properties managing director Mark Gray has said that, once built, the Icon Ipswich master plan would "restore the CBD as the pre-eminent commercial, civic and cultural centre for Ipswich and the western heartland." The first stage of redevelopment was the demolition of the old shopping centre.

www. QT.com.au

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