The Ferny Grove Station in north Brisbane will see a $140 million revamp as Queensland-based developer Honeycombes Property Group begins delivering a mixed-use complex adjoining the station.
Ferny Grove Central, which has been in the planning phase by Honeycombes in collaboration with the Queensland Government for the past seven years, is a mixed-use development adjoining the Ferny Grove Railway Station.
The project will comprise a 12,000-square-metre retail centre with a new multi-level parking facility for retail customers and commuters. It will also become an emerging residential hub through construction of The Fernery, comprising 82 luxury apartments and a recreational deck for residents. The integrated precinct will include improved pedestrian and cyclist connections throughout.
Honeycombes Property Group and joint-venture partner MaxCap Group have named Broad Construction, a subsidiary of CPB Contractors and part of the ASX-listed CIMIC Group, to deliver the development.
The project is being supported by an $11 million investment from the Federal Government and $9 million from Queensland Government to deliver more than 1,400 car parks.
More than 800 full time jobs will be supported by the development, including about 285 directly tied to the construction project.
Federal Minister for Communications, Urban Infrastructure, Cities and the Arts, Paul Fletcher , said this major infrastructure upgrade for North Brisbane would revamp the Ferny Grove rail station into a vibrant transport hub.
“The Morrison Government is getting on with delivering infrastructure projects that improve congestion and safety for commuters across Australia, making it easier for them to move around our capital cities and ensuring they get home quickly and safely.
“This project brings to 66 the total number of Urban Congestion Fund projects around Australia that are completed or underway. A further 50 are expected to start construction this year,” Mr Fletcher said.
“This is just the latest example of us delivering on our commitment to progress critical infrastructure projects across the country under our record $110 billion, 10-year infrastructure investment pipeline, which is helping to drive Australia’s world-leading economic recovery.”
Queensland Transport and Main Roads Minister, Mark Bailey, said securing hundreds more jobs in Brisbane was crucial to Queensland’s plan for economic recovery.
“As we focus on economic recovery from Queensland’s strong COVID-19 response, jointly-funded projects like this provide significant community benefits and local construction jobs,” Minister Bailey said.
“Building better infrastructure for local communities and commuters is a focus of Queensland’s $27.5 billion pipeline of road and transport upgrades
Federal Member for Dickson, the Hon Peter Dutton MP said there was a huge need for additional car parks at Ferny grove station.
“This project will provide the extra capacity the community needs,” he noted,
Federal Member for Ryan, Julian Simmonds MP, said the project would provide local commuters with safe and convenient access to more park ‘n’ ride facilities and an expanded shopping and entertainment precinct
“The vision for the upgrade is to create a local ‘neighbourhood village’, which could feature food and beverage operators, a supermarket, cinema complex, childcare facility, medical practitioners and other service providers,” Mr Simmonds said.
Honeycombes Property Group Managing Director Peter Honeycombe the Ferny Grove Central project had been seven years in the planning.
“It is immensely rewarding to finally get to the starting line and to start construction on the project today,” Mr Honeycombe said.
“It’s somewhat symbolic that it comes within days of Brisbane being announced as the 2032 Olympics host city with the opportunity to showcase our city and region to the world.
“We see this as a very important urban renewal project for Ferny Grove and for Brisbane’s north-west and we’re passionate about projects that breathe new life into communities and that create a neighbourhood village atmosphere with all modern amenities that people want.”
The Ferny Grove development will provide more than 1400 retail and commuter car parks, 82 residential apartments, shopping and entertainment amenities.
Construction on the commuter car park upgrade is set to be completed by late 2022 and the entire mixed-use TOD expected to be completed by late 2023, weather permitting.
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