Interest growing in property surrounding Townsville’s CBD stadium site

first_imgConcept designs for Townsville’s long-awaited North Queensland stadium. Designed by 9Point9 and Cox Architecture. Picture: SuppliedINTEREST is growing in property surrounding Townsville’s $250 million CBD stadium site, with the project set to spark a surge in development. It comes after $10 million residential and commercial development Vantage on Palmer was approved on the back of renewed confidence in the city. Townsville developer and North Queensland Cowboys chairman Laurence Lancini said astute investors would be looking at opportunities in connection with the stadium. An artist’s impression of stage one of Vantage on Palmer, a $10 million residential and commercial development by local developer PDS QLD.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“You will see an uplift of valuation of properties and you then start to get associated amenities develop around the entertainment centre like food and beverage and hotels,” he said. “You will start to see a revitalisation around the area and people will start spending money on houses.“In five years’ time we are going to look back and say this stadium and everything around it is the best thing that has ever happened to this city.”It is hoped early work at the stadium site will start this year.James Cook University is already planning to partner with the Cowboys to move their sports exercise program alongside the stadium. The world-class facility would also likely include a commercial element made up of private sport and health-related operators.Colliers International Townsville managing director Peter Wheeler said there were several parties interested in development opportunities the stadium will bring. “We are dealing with people with a keen interest in the CBD or fringes since the stadium was announced and a number of properties have changed hands or been contracted during that period,” Mr Wheeler said.“I think we’ll see a lift in interest when construction does start on the stadium.”Townsville Chamber of Commerce president Troy Popham said he was “nervously optimistic” about the opportunities offered by the stadium.“I’ve heard some major accommodation brands have looked at the opportunity but for that to come (the stadium) really needs to be an integrated project,” he said.“I think this is the calm before the storm and once you see movement and action that will drive business confidence.”last_img read more

Mystic River Restoration Forum Takes Place in July

first_imgThe Mystic River Restoration Forum, to be run by the Conservation Commission, Department of Planning & Community Development and Department of Public Works, will take place on Thursday, July 6, in the main room of the Senior Center in Arlington, MA. The meeting aims to provide a project update and an opportunity to gather public input to help assist in the developing community participation for the project.The project, scheduled to begin later this year, will create a native riverbank (riparian) habitat and improve storm-water quality.This scheme will restore the riverbank through slope stabilization, the removal of a broken concrete head wall, natural ecosystem enhancement and water-quality improvements.The project will also include participation from the surrounding community in plantings, developing educational signs along the existing adjacent footpath and stewardship of the newly restored habitat.[mappress mapid=”24196″]last_img read more