The city of Brisbane in Queensland Australia has announced a competition for a local builder to design and construct a block of multi-use public housing that will be known as the “Crawl Block” in Brisbane. The project will be located in the south inner Brisbane area at the corner of Barcelo and Stradbroke streets and is targeted at low income people who are seeking a low cost solution to sub-divide their modest dwellings into two or three rental units. This project is part of the City State’s strategy of building in outer areas, especially those with high crime rates and a lack of retail space.
The Crawl Block project will consist of three apartments blocks with retail, office and parking facilities on the ground floor. The upper floors are fully amenity ready including an eight-storey tower and an eight-story skybridge to connect the apartment block to the rest of the site. The project is being developed by Macquire Metrics Limited, a private developer of affordable residential dwellings and facilities for business. The company is also managing the financing for the project.
|Released Date||July 12, 2019|
|File type||SRT(Zip file)|
This multi-use public housing development will have a significant impact on the surrounding community. When fully completed, it is expected that the majority of residents of the blocks will live in high-rise apartments with short walk ways to shopping and restaurants, as well as having convenient transportation to nearby city centres and schools. This approach to developing a community draws residents who already have the active lifestyle needed to participate in the vibrant city life. Although the Crawl Block project involves low-rise buildings, which should be appealing to buyers seeking luxury living in an urban environment, property values and resale value of this part of the Brisbane Riverland is expected to generate strong equity returns for investors.