Geon Property Lodges Development Application
Geon Property has lodged a development application for Stage One of the Albion Train Station Precinct Redevelopment and unveiled the name of the $750 million project – Albion Exchange.
The newly launched development is a ten-stage project with community consultation on the future masterplan to commence shortly.
Geon Property senior development manager Tim Rossberg said, “Albion Exchange is set to become Brisbane’s latest mixed-use project and will create a vibrant community heart for the inner-northern suburbs.”
“Albion Exchange will further the suburb’s modernisation by creating an energised and connected destination.”
Designed by Hames Sharley, Stage One of Albion Exchange will feature a new food and beverage, health and wellbeing, retail and commercial precinct and two new multi-level residential buildings.
Together with a $28.7 million upgrade of transport facilities and access to the Albion Train Station, the proposal lodged with the Brisbane City Council this week also includes 4,900sqm of new green open space, a public plaza connecting the east and west of Albion Road, food and beverage tenancies, outdoor dining opportunities and health and fitness facilities.
Mr Rossberg said feedback sessions on Stage One of the project were well attended, with the community showing a high level of interest in the level of amenity and public space offered by Albion Exchange.
“The size and quality of public amenity in our Stage One proposal will transform the inner-city transit node into a green public sanctuary, with a strong emphasis on community interaction and exchange, legibility and accessibility. Over sixty five per cent of the Stage One site area will be dedicated to public space for the community.
“Albion Exchange will change the face of Albion for the better. It will bring new life to land which is currently underutilised.
“Albion is a suburb on the rise and Albion Exchange is at its heart. Albion is one of the fastest growing areas in Brisbane and by 2036 the suburb’s population is estimated to grow by more than 3,857 residents.
“Albion Exchange will give Albion back its heart and soul. The total redevelopment precinct covers approximately four hectares stretching as a spine from the Albion Overpass through to Merehaye Street.
Stage One – Albion Exchange – sits immediately south and above the existing Albion Train Station, making it a genuine transit oriented development.
Mr Rossberg said, “The Geon Property development team has been shaping the vision for the Albion Exchange precinct for two years, working in collaboration with Queensland Rail and the Department of Transport and Main Roads.
Stage One of the project will include:
- new ticket and office facilities and amenities
- new lift and stair access to station platforms
- replacement of part of the existing park’n’ride car parking with new consolidated undercover facilities
- integration of development with the future North Brisbane Bikeway
- plaza access across the rail corridor connecting Albion east and west
Construction will start in early 2020, subject to development approval.