The Queensland state government has given Peet approval for its Greater Flagstone Development Scheme, a residential and town centre development that will ultimately deliver up to 11,500 dwellings.
Peet managing director Brendan Gore said the plans for Flagstone City, 38 kilometres from Brisbane, included a 200-hectare town centre with major retail centres, commercial office, mixed industry and health and education.
“Peets plans for the town centre include 100,000 square metres of retail floor space, 90,000sqm of commercial floor space and another 60,000sqm of bulky goods floor space,” Mr Gore said in a statement.
“In addition, a total of approximately 60 hectares has been set aside for mixed light industry.”
“This town centre in Greater Flagstone will be part of a major employment hub, delivering an estimated 35,000 jobs.”
Peet is developing Flagstone City in partnership with MTAA Super.
Mr Gore said the company would continue to work with Queensland’s Urban Land Development Authority and the Logan City Council, as well as the local community, to deliver a range of housing styles at affordable price points.