Stage One of Albion Exchange, a new transit-orientated development which has been in the pie line for several years now, has been given approval by the Brisbane City Council. The approval comes after significant consultations with the council, residents, businesses and community groups.
Developer Geon is understandably excited by these events: “Geon is delighted with the news, believing this project will provide much-needed transport, retail, accommodation and lifestyle upgrades to the local area, and will bring Albion – one of Brisbane’s fastest growing city-fringe suburbs – to life,” says Property Senior Development Manager Tim Rossberg.
The new development has been given the go-ahead at a crucial time for the suburb, considering it is expected to welcome another 4,000 residents by 2036.
Albion Exchange will have a large focus on health and lifestyle services, which when combined with the new retail precinct, will help fill a lot of gaps currently in the Albion area. The approved designs include 3,691 sqm of public green and open spaces, which is roughly 61% of the site area. Those who live in the new apartments within the development will have access to an additional 2,000 sqm of communal open space. As a whole, the development will also include a number of elements to make it easier for residents of all types to access and use. This includes wider stairs and pathways, larger lifts with the capacity for multiple wheelchairs/prams/bikes, and more shaded areas. Cyclist access to and around the precinct is also a focus, with dedicated resident, employee, commuter and visitor bike paths, and integration with the North Brisbane Bikeway.
What do you think about the new Albion Exchange development? Let us know in the comments below.