A Queensland company has been selected to redevelop a former heritage rail station into a mixed-use urban precinct.
Silverstone Developments signed on to purchase more than half of the 2.4-hectare site at Yeppoon’s Station Quarter.
The company was selected from a national tender process due to its diverse portfolio of commercial, retail and residential projects.
Member for Keppel Brittany Lauga said Silverstone’s proposal would create a high-quality mixed-use retail and commercial space for the community.
“This 1.5-hectare redevelopment will support local jobs and boost Yeppoon’s future prosperity,” Lauga said.
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“The remaining land on the site will be transferred to Livingstone Shire Council for future community uses.
“Silverstone is currently working with council on a masterplan that is expected to further transform this underutilised site.
Livingstone Shire Council Mayor Bill Ludwig congratulated Silverstone Developments on it successful tender.
“The redevelopment of the former rail station precinct aligns with this community and council’s vision for the region identified in the Livingstone Community Plan: Towards 2050,” Ludwig said.
“Renewing this site will unlock its full potential. Development will strike a balance between maintaining and protecting our history while stimulating local employment and attracting private sector investment into the region.”
Silverstone Developments Development Manager Wade Fraser said the company is incredibly proud to be embarking on this project and sees it as an opportunity to realise the potential of the site that has been underutilised for many years.
“It is rare to get such a large blank canvas in the CBD of a regional town like Yeppoon and we are looking forward to working closely with the city’s stakeholders in delivering this special piece of the city,” Fraser said.
“We believe in Yeppoon as a growing regional location. Above average population growth, economic improvements year-on-year, and an involved community indicate its current and future status as a flagship Queensland coastal location worthy of public and private investment.”
Once the contractual due diligence period is over, Silverstone will be required to submit a development application to council.