The mixed-use precinct is being developed by State Development Corporation in partnership with White & Partners Sydney.
The project will be known as The Aviary will be an urban community precinct that will include residential, retail, hospitality, office spaces, shared outdoor spaces and new streetscape.
The mixed-use precinct, located at the corner of High Street and Sherwood Road, is expected to meet increasing demand from Brisbane businesses seeking a presence away from the CBD.
State Development Corporation managing director Ross McKinnon said that if businesses had learnt anything from COVID-19, it’s that they don’t all have to be working in the city to maximise productivity.
Once completed, the 9000 square metre site will also have 150 residential apartments, about 30 retail shops and a large office tower, as well as a fresh food market, an elevated outdoor dining precinct, cinemas, and services such as a fitness/wellness centre, medical centre and childcare facilities.
The precinct has been designed by award-winning Brisbane architecture firm Nettleton Tribe, known for major urban planning projects including Brisbane’s recently developed Montague Markets at West End.
The development will also see upgrades to High Street with the creation of a dedicated bus lane along the site’s frontage for the busy Toowong bus stop and road improvements will be made at the corner of Jephson Street and Sherwood Road. The upgrades will significantly improve traffic flow in the area and will ensure the long-term growth of Toowong.