Construction has begun on a major new residential development at the former TAFE college site in Yeronga. The $185 million project will deliver 281 new homes, including affordable housing units and retirement living apartments.
The 3.1-hectare site will be transformed into a mixed-use precinct with residential, retail, community facilities and public green spaces. The development is a public-private partnership between the state government, Brisbane Housing Company, Retire Australia and property developer JGL.
Designed by Archipelago, the project will feature 169 retirement living apartments, 37 townhomes, 75 affordable housing units and over 4,000 sqm of public open space. The precinct will also include a new Yeronga Community Centre funded by the state government to the tune of $40 million.
Premier Annastacia Palaszczuk hailed the development as a model example of government and the private sector working together.
“This project will deliver a range of important housing options for the community, including private, social and retirement homes,” she said.
Housing Minister Meaghan Scanlon said the development aligns with the government’s record $3.9 billion investment into social and affordable housing across the state.
Yeronga Heart Director Bill Bennett announced details of the new Parkside Yeronga development.
“Economic Development Queensland and Yeronga Heart are working together to deliver the new community envisaged in the Parkside Yeronga Master Plan,” he said.
Mr Bennett emphasised the development’s prime location, adding that future residents will benefit from established road and public transport access as well as new facilities within the precinct.
He stated the diverse housing options will allow the development to serve a broad spectrum of residents.
The project is expected to create 532 construction jobs over four years. The mixed-use community aims to revitalise the former TAFE site and meet diverse housing needs in the growing suburb.