By J.K.Dineen | San Francisco Business Times
Universal Paragon Corp. has unveiled a plan to build 4,500 homes and 6 million square feet of office and research and development space on the Brisbane Baylands.
The developer introduced the 30-year, 12.4 million-square-foot plan at a Brisbane City Council meeting on Monday.
The redevelopment of a capped landfill and defunct train yards would triple the population of Brisbane over the next 30 years and turn the sleepy town of 3,600 residents into a significant research and development hub. It calls for 5.1 million square feet of residential, 748,000 square feet of retail, a 706,000-square-foot hotel, 2.7 million square feet of office space, and 2.9 million square feet of research and development.