The precinct surrounding Albion train station is getting a $750 million development upgrade, transforming the area into a up market retail and transport hub. It is an exciting transformation for the Albion area and will no doubt have a positive impact on prices for new and off the plan apartments for sale in Albion.
A part of the Palaszczuk Government election commitment, the project has received the green light to go ahead, with Transport and Main Roads Minister Mark Bailey saying an agreement had been signed with Brisbane property developers, Geon Property, to revitalise the Albion site through a Transit Oriented Development (TOD).
The plan is to create a multi million-dollar accessibility upgrade at the station. Over a fifteen year period, this will include integrating the Albion train station with nearby residential and commercial buildings and vacant land, to create an “exciting community asset”, Bailey said.
Artist’s impression of Albion Train Station TOD Precinct Redevelopment
“By unlocking the potential of the 3.5-hectare site through a partnership with the private sector we will deliver enhanced public transport infrastructure for the local community.”
The proposed transit orientated development, according to Geon Property, aims to help the revitalisation of Albion by positioning the site as a community hub. This hub will provide new residential accommodation, office space, shopping and dining facilities, and $28.7 million worth of upgraded transport facilities and public access to the Albion train station. This will happen in conjunction with the planning currently underway by Queensland Rail for an upcoming accessibility upgrade of Albion station. This upgrade, due to begin in late 2019, could include raised platform sections for improved access, new platform access with lifts, a hearing aid loop, signage and tactile flooring surfaces.
Geon Property is currently working on design options to be submitted to Brisbane City Council as part of standard development application processes. The designs put forward will try to respect Albion’s surrounds and support State Government planning objectives for transit-orientated developments (and isn’t that a mouthful):
The detailed design, development application and approval process will take about 12 to 18 months.
As Ben Griffin, Geon Property Managing Director, said: “Redeveloping Albion train station allows us to deliver a truly world-class transit oriented development. This project will be more than just a property development – our vision is to create a precinct that is a genuine destination.” He went on to note that the project will be “defined by a seamless integration of high-quality apartment living, retail, food and beverage outlets with genuine character, modern commercial offerings and vibrant public open spaces.”
“It will offer access to Brisbane’s transport networks, integrating with one of South East Queensland’s busiest train lines, connecting to the bike way network and providing accessible parking options.”
Albion is a key train hub for Brisbane and is extremely well connected for public transport, so this revitalisation project will complete the Albion Mill site redevelopment that has been underway for many years now.
Other news on Albion:
https://propertymash.com/news/articles/apartment-towers-in-albion-may-increase-to-20-levels/
We would love to hear your thoughts on this project.
Have you visited this project recently, or perhaps you live nearby or bought in a neighbouring building? Tell us what you love about this project, or perhaps what you don't.