Vicinity Plans Seven-Tower Redevelopment at Brisbane Shopping Centre
Retail landlord Vicinity Centres is stepping up efforts to diversify its shopping mall portfolio, lodging plans for a mixed-use precinct of seven buildings at its Buranda Village Shopping Centre in Brisbane’s south-east.
The shopping centre, which opened in 40 years ago, sits on a 2.13ha island site at 264 Ipswich Road, Woolloongabba.
Vicinity is now planning to develop the dated, low-format shopping centre in a visually prominent location into a 8200sq m laneway-based, open-air retail and dining centre precinct featuring medium-rise towers.
Vicinity chief development officer Carolyn Viney said the proposal had been inspired by Brisbane’s suburban village centres and would offer modern, flexible commercial office solutions that catered to the growing “work near home” demand.