Plans to transform Northshore Hamilton into a world-class riverfront precinct, which will be the future home of the Brisbane Athlete Village for the Brisbane 2032 Olympic and Paralympic Games, have been accelerated.
Deputy Premier and Planning Minister Steven Miles has approved a development scheme amendment for the Northshore Hamilton Priority Development Area, adjoining the Brisbane River and suburb of Hamilton.
The amendments follow public consultation and ensure development at Northshore Hamilton continues to meet community expectations and factors in the Brisbane Athlete Village.
"An additional 1.2 kilometres of this prime waterfront location will be transformed into a vibrant, mixed-use precinct for the community," Mr Miles said.
"It will be one of the biggest contributions of Brisbane riverfront parkland since South Bank was established.
"A new commercial heart will be located along Macarthur Avenue to take advantage of increased foot traffic and maximise the invaluable new riverside parkland.
"This development will cement Northshore as a world-class lifestyle, recreation and events destination.
"These changes also provide for the future planning of the Athlete Village for the Brisbane 2032 Olympic and Paralympic Games – and the long-term economic and community benefits to follow.
"This city-shaping project presents an incredible opportunity to showcase Brisbane's iconic waterfront to the world and deliver a long-lasting legacy for the state."
Covering 304 hectares, Northshore Hamilton is Queensland's largest waterfront urban renewal precinct. It will support a mix of retail, residential, entertainment, cultural and commercial uses.
Developing the Athlete Village within this area means Northshore will host 10,000-plus athletes and team officials for the Olympic Games and more than 5000 for the Paralympic Games.
"The development scheme will facilitate investment in Queensland's future, delivering new roads, road upgrades and a new public realm to be enjoyed during Brisbane 2032 and beyond," Mr Miles said.
The Deputy Premier said Northshore Hamilton would also help meeting housing demand.
"It's estimated Northshore Hamilton will have over 14,000 dwellings and be home to over 24,000 residents, to help meet south-east Queensland's fast-growing population" Mr Miles said.
"Following the Games, the Athlete Village will convert to housing and commercial property, providing more than 1750 apartments, along with commercial and retail space."
Priority Development Areas (PDAs) are parcels of land within Queensland identified for development to deliver significant benefits to the community.
The development scheme is the regulatory document which assists with planning, carrying out, promoting, coordinating and controlling land development within the PDA.
The amendment to the development scheme takes effect today (Friday 28 October 2022) following the online publishing.