A brand new shopping and lifestyle precinct set to launch at North Lakes

2 December 2016.


THE developers behind Fortitude Valley’s James Street and Southport’s Brickworks developments are planning their next trendy shopping, commercial and lifestyle precinct — in the heart of one of southeast Queensland’s fastest-growing regions.

Pointcorp and The George Group will take over a 1.72ha block of land in the North Lakes CBD, owned by Moreton Bay Regional Council, for an undisclosed sum, for their next project.

The land — opposite Westfield North Lakes and next to the council’s $45 million state-of-the-art library — will soon be known as Laguna North Lakes and will include boutique shopping and dining laneways, a 140-room hotel, commercial office tower, tavern and function space.

The developers have listened to the community requests of a water play area in the suburb — opting to include an aquatic centre with lap and recreational pools as part of their $250 million investment.

Patrick George, director of The George Group, said North Lakes was a sensible choice following the recent opening of the Redcliffe Peninsula train line, and last month’s opening of Ikea and Westfield North Lakes expansion.

 “Through Laguna, we want to create a fresh and exciting oasis in the heart of the North Lakes CBD where people can gather, relax, and enjoy a range of offerings including retail, hospitality, fitness and lifestyle all in one contemporary-designed precinct.

“With a major office tower, a 140-room hotel, and function and events centre, we’re also looking to create the perfect environment for businesses and conference organisers away from Brisbane’s CBD.”

Pointcorp director Chris Vitale said the Laguna development would show how southeast Queensland was “growing up.

“We already have a number of significant residential investments in the Moreton Bay region, and are very excited about this investment in the heart of North Lakes,” he said.

Moreton Bay Regional Council mayor Allan Sutherland said North Lakes continued to attract significant local and international investment.

“Over the past few years, North Lakes has quickly established itself as one of southeast Queensland’s most sought after shopping destinations, with Queensland’s only Costco, a brand-new Ikea store, and recent 60-store extension of Westfield North Lakes,” Cr Sutherland said.

“Now with the $1 billion Redcliffe Peninsula Line open to the public, this area is more accessible to locals and visitors than ever before. Laguna will be a welcome addition to the North Lakes success story, and will provide the already bustling CBD with a unique entertainment and lifestyle precinct sure to attract people from all over.”

Laguna North Lakes will include:

  • 5000m2 of retail and hospitality laneways
  • New office tower offering six floors and 10,000m2 of commercial space
  • Open green space
  • Gym, health and wellness centre
  • Aquatic centre with lap pool, recreational pool, learn-to-swim area and zero depth facility for toddlers
  • Tavern and function space
  • 140-room hotel overlooking internal gardens
  • Basement car parking
  • Childcare centre

The announcement of Laguna was recently featured in the Courier Mail.

Written by Jamie-Leigh Mason, North Lakes Times