Brisbane’s Courier Mail has revealed that News Corp Australia, is proposing a large urban regeneration project in Bowen Hills called Millennium Square. It is in partnership with PricewaterhouseCooper’s (PwC) Real Estate and Architecture firm, Archipelago. Jason Scott, Managing Director of Newscorp, Australia, says it will be, “a world-class media hub”. Archipelago’s master plan, presented by Fairweather Architecture, envisages a high-rise precinct with 9 buildings ranging from 10 to 40 storeys in height and incorporating 1700 apartments.
Millennium Square will cover 4 hectares and is estimated to cost $2 billion. It has been called “a city within a city.” It will be bound by Abbottsford Road, Campbell Street and Mayne Road. Hudd Street will be extended to Abbottsford Road to link a new public plaza to the Millennium Square precinct. A range of associated amenities is part of the media hub.
The proposal details 2 stages. Stage 1 is planned to be a 44,000 square metre commercial office tower. It will accommodate offices for The Courier Mail and Sunday Mail, The Australian, Sky News, News Regional Media and life-style magazine, Quest. Additionally, it is planned to include tenancies for other media, knowledge and technology enterprises.
Stage 2 will most probably commence soon after the year 2020. It entails numerous individual proposals. A subterranean retail centre is part of the master plan. There will be restaurants, bars, cafes, specialty stores, supermarket and a cinema in addition to the towers. New landscaped gardens with ease of access to a redeveloped Bowen Hills Station will be also be facilitated.
It is hoped the project will commence toward the end of 2018. Robert Cavallucci, PwC Real Estate Managing Director feels that Millennium Square is an opportunity to be part of “Brisbane’s most significant transit-oriented development.” It is one of a series of exciting private enterprise-led, government-supported projects aimed at transforming Brisbane making it a stunning, economically vibrant New-World city which will attract international business, and overseas, inter-state and local visitors, and ensure productive employment opportunities for many years ahead. It is in accord with Brisbane Council’s Future Blueprint which enunciates 8 principles to make the city a vital living and working experience for its people and business communities.