Springfield’s First Apartment Building Completed

It might look alone, but this new residential tower is a sign of the times. It is Springfield’s first apartment tower called Park Avenue.

Proclaimed to be a city the size of Darwin by 2030, the Greater Springfield Town Centre Concept Plan strategises to accomodate 2.6 million square metres of office space and 22,855 residential dwellings.

The very first is now completed with all 66 of its apartments now settled.

The $200 million Park Avenue project is part of an 8 stage development masterplanned by Plus Architecture, which will see a total of 605 apartments delivered across Springfield Central site in the coming years.

“Partnering with Plus Architecture, we are significantly expanding the range of housing products on offer across this new Queensland city,” said Chairman of Springfield Land Corporation, Maha Sinnathamby.

“Park Avenue represents an exciting next step in the evolution of Greater Springfield, as an alternative to the Brisbane CBD, with greater housing and work choices, highly-evolved infrastructure and significant government investment.”

Now complete, Stage One is being touted as not only a major milestone for Greater Springfield but an overwhelming success story for the satellite city with the valuations underpinning presales maintained across all 66 apartments.

“We can now confidently say, with our valuations coming through on par, that confidence in the Greater Springfield economy is growing and our economic plan is working.”

Conceived as a mix of both owner occupier and investor product, Park Avenue’s superior vision, architecture and quality are combining to achieve higher investment returns for purchasers.

Drawing inspiration from the traditional Queenslander house with expressed external framing and generous balconies, Plus Architecture created an elegant building with emblematic character and lifestyle comfort.

“We are proud to have introduced apartment living to Springfield and plan to replicate this early success in Stage Two, which we are now in the process of designing,” said Plus Architecture Director, Danny Juric.

“We expect that Greater Springfield’s market will remain strong in 2017, particularly for new apartments. Buyers and tenants alike are continuing to seek out well-appointed residences in high amenity locations with direct access to infrastructure, transport and employment – all of which have been proactively considered in the planning of this nation building project,” added Sinnathamby.

About Greater Springfield

Greater Springfield is one of Australia’s fastest emerging new cities with a current population of approximately 33,000 people, which is expected to grow to 105,000 residents by 2030.

Twelve billion dollars has been invested in Greater Springfield so far and the emerging city is experiencing approximately $600 million in construction expenditure per annum, with total investment on completion expected to be in excess of $85 billion.

Greater Springfield is located in Queensland, Australia and has a total land area of 2,860 hectares (7,067 acres). Approximate travel times by car are: 30 minutes from south-west of the Brisbane CBD, 35 minutes from Brisbane’s domestic and international airports and 50 minutes from the Gold Coast.

The award-winning nation building project is centred on health, education, and information technology, and is driving a steadily increasing population, employment and dwelling demand.

Setting a new benchmark for masterplanned communities, Greater Springfield is already emulating world’s best practice, proudly boasts the prestigious FIABCI Prix D’Excellence Award for ‘World’s Best Master Planned Community 2010’.

Significant infrastructure, public amenities and commercial developments already in place in Greater  Springfield include:

• Strong public transport access, including the $1.2 billion Springfield Rail Line and transit hub
• Vast public open space, with major parklands incorporated in the Greater Springfield master plan
• State-of-the-art health facilities, including the $85 million, 80 bed Mater Private Hospital and Cancer Care Centre, which is part of the Council approved 1,200 bed public & private hospital campus
• Extensive education facilities, including the University of Southern Queensland campus (which recently completed a $45 million expansion), 10 private and public schools, and 11 childcare centres – in total, catering for over 14,000 students or approximately 44% of the city’s population
• Major retail destinations, including the Orion Springfield Central shopping centre (which recently completed a $154 million expansion)
• New commercial office buildings, including the $72 million Queensland headquarters of GE