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THE second stage of the $2.9 billion RNA Showgrounds has been unveiled, with plans for an international hotel and retail precinct.
King Street will feature 40 stores and food outlets, while connecting St Pauls Terrace and Gregory Terrace.
RNA chief executive Brendan Christou says the project is a game-changer for the Showgrounds, opening up the site all year round.
“This once in a lifetime legacy building project will ensure the showgrounds become a world class events and lifestyle destination project, while at the same time preserving the site’s heritage for future generations to enjoy,” Christou says.
“King Street, the hotel, the residential, retail and commercial offerings will form the central point of the regeneration where the best retail, events, entertainment and commerce will combine.”
A $50 million four star Rydges Hotel will take pride of place in the mixed-use development, complete with conference facilities and restaurants.
Lend Lease project director Andrew Hay says it’s important to recognise the site’s heritage, while delivering contemporary public facilities.
“King Street will bring creative, passionate traders together with familiar retailers who collectively meet the everyday needs of residents, office workers and visitors,” Hay says.
The project is expected to create 1400 jobs and generate more than $300 million a year for the Queensland economy.
Stage one of the regeneration project commenced in 2010, comprised of the Royal International Convention Centre, residential apartments The Green and commercial tower Kings Gate One.
Stage two is under construction and is slated for completion in 2016.
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