🏈 Gabba Redevelopment | $2.7b

📍 Gabba Redevelopment | $2.7b

➖ The Gabba will undergo redevelopment to become the main venue for the 2032 Brisbane Olympic and Paralympic Games, hosting ceremonies and athletics events. 

➖ The current stadium will be demolished and rebuilt with an increased capacity of 50,000 seats, female athlete change rooms, expanded entry concourses, dining areas, member spaces, lifts, escalators, media and team facilities, and merchandise stores. 

➖ The site will be connected to the Woolloongabba Station precinct via a new pedestrian plaza, part of the Cross River Rail project. The Gabba will be one of several proposed Olympic venues, including locations in Cairns, Townsville, the Sunshine Coast, and the Gold Coast.

➖ Brisbane Live is a $2 billion entertainment precinct in Roma Street, Brisbane, featuring a 17,000-seat arena at its core, resembling Madison Square Garden. Developed alongside the Cross River Rail, the project includes outdoor amphitheatres, cinemas, restaurants, bars, hotels, and residences. 

➖ The integrated entertainment and transport precinct will be located in the Brisbane CBD, accessible via Cross River Rail and existing transportation services. 

➖ The development will be elevated above railways, roads, and properties, with potential for commercial and residential towers. Originally proposed by AEG Ogden, the project's procurement approach, likely involving private finance, is under consideration by the government. The Brisbane Transit Centre, demolished for the new underground Roma Street Cross River Rail station, was part of the project plan.

Patrick-Charles McLaren

The McLaren Group - Development & Commercial Properties Acquisitions

https://www.themclarengroup.com.au
Previous
Previous

🏥 How Australia's Ageing Population is Shaping Property Development

Next
Next

🏢 Commercial Assets To Watch For 2023