The long-anticipated redevelopment of Albion’s former flour mill site has taken a step forward, with the 5,586m² parcel of land now listed for sale. The property, known as ‘The Albion’, is being marketed by Colliers on behalf of Woolworths and already comes with a development proposal for a mixed-use precinct comprising 456 apartments, a supermarket, and additional retail offerings.
Located at 60-78 Hudson Road and directly adjacent to Albion Train Station, the site has long been identified as a significant urban renewal opportunity. Under the current proposal, the development would feature two towers rising up to 18 storeys, connected by a shared podium accommodating retail uses at ground level. Among the commercial tenancies would be a full-line 4,000m² Woolworths supermarket, a BWS, and a café.
The architectural design has been prepared by Cottee Parker Architects, and integrates public access through to the adjacent station, a move likely intended to maximise the site’s transit-oriented credentials.
With demand for new apartments in Brisbane continuing to outpace supply—especially in inner-ring locations—Colliers expects strong interest from a mix of developer profiles, including build-to-sell, build-to-rent, and institutional investors.
Colliers Queensland Residential Director Troy Linnane said that Brisbane’s apartment market fundamentals remain compelling, pointing to the city’s growing status as Australia’s second most expensive capital city housing market.
“The development site market in Brisbane has excellent fundamentals which are seen as having the best growth prospects of any city on the eastern seaboard,” Linnane said.
While interest in Brisbane’s build-to-rent (BTR) sector has traditionally been led by private operators delivering smaller-scale projects, this trend appears to be shifting. Colliers Residential Capital Markets National Director Robert Papaleo believes BTR projects with transport accessibility and pre-committed retail elements are particularly attractive to institutional capital.
This trend is backed by recent transactions—Colliers recently handled the sale of another Woolworths-owned site at Kangaroo Point to Mosaic Property Group for $18.25 million, with strong sales reportedly achieved since the project’s launch in late 2024.
Retail-led development appears to be central to the strategy behind ‘The Albion’. Colliers Head of Retail Middle Markets James Wilson described the proposed Woolworths supermarket and BWS as key drivers of amenity in the precinct.
“The café, supermarket and bottle shop would provide much-needed amenity to the rapidly evolving Albion precinct,” Wilson said.
The listing comes as Albion continues to attract increased attention from developers, aided by its inner-north location less than 5km from the CBD and direct train access. The site is also positioned within proximity to employment hubs such as Brisbane Airport and the Royal Brisbane and Women’s Hospital.
The development opportunity is being offered through an expressions of interest campaign closing at 4:00pm AEST on Thursday 27 March 2025.
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