Plans have been unveiled for a new $175 million shopping, dining, office and residential precinct at West End with a Woolworths supermarket announced as the anchor tenant.
Montague Markets and Residences will be the latest component of Pradella’s $1 billion Riverside West End community master plan, which is transforming the suburb’s waterfront district. The development will be Pradella’s 14th project in West End and a cornerstone of the exciting Riverside West End development, which is already home to more than 3000 people.
Montague Markets and Residences will see the transformation of Montague Road, which has previously been occupied by warehouses and light industry, into a mixed use retail boulevard which offers exciting prospects for the local community. The lifestyle precinct was approved as part of Brisbane City Council‘s Better Brisbane Initiative which encourages residents, entrepreneurs, business owners, not-for-profit organisations and academics to collaborate on projects that will contribute to reaching the goals of Brisbane Vision 2031.
Construction of the new lifestyle precinct is expected to start in late 2018 with the Montague Markets retail and dining component anticipated to open in mid to late 2020. A new full-line Woolworths supermarket will occupy 3,400sqm on a long-term lease at Montague Markets, which will also feature 1,590sqm of specialty retail across 15 tenancies, alongside a vibrant 1,200sqm landscaped public plaza, central arcade and alfresco dining zone.
Pradella Director Kim Pradella said Montague Markets and Residences represented an integral piece of the company’s vision for the Riverside West End community. “Montague Markets will be an excellent fit for West End with a market-style ambience that extends the suburb’s thriving foodie culture closer to the river,” he said. “It will also introduce the region’s laneway culture to this precinct by extending Tondara Lane for community pop-up spaces and a 200sqm public art piece that will further showcase the personality of West End.”
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