THE first large development site within the former Gold Coast 2018 Commonwealth Games Athletes Village has been sold, marking the beginning of the next phase of the Health and Knowledge Precinct’s development.
The 4365m2 site was snapped up by Griffith University, and will become the home of the University’s Advanced Design Manufacturing & Prototyping (ADaPT) building.
The $80 million facility will use a range of advanced technologies to support the rapid development of prototypes and products for a variety of industries, including biomedical applications.
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Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said the site was just one of 16 that are ready for development and available for health and knowledge related businesses and enterprises.
“This is the first sale of one of 16 sites that are ready for development so it’s a significant milestone for the precinct,” Mr Dick said.
“This land transaction heralds a great partnership between the Palaszczuk Government and Griffith University.”
The Gold Coast Health and Knowledge Precinct is a 10-to-15-year project that is forecast to inject $3 billion into the Queensland economy.
Mr Dick said Economic Development Queensland has been hard at work on a range of initiatives, including Cohort, which provides space for incubators and start-up businesses, along with co-working spaces.
“Buildings formerly used by Commonwealth Games athletes, including a hair salon, convenience store and police station, are now being fitted out for Cohort, and we expect the space to open by mid-2019,” he said.
Member for Gaven Meaghan Scanlon said this is a great first step towards government’s vision for the precinct.
“This is about attracting innovative, new industries and businesses in the health and education sector to the precinct, to diversify the Gold Coast economy and ultimately create a thriving community to live and work in.”
Griffith University Vice Chancellor Professor Carolyn Evans said the new building was a lighthouse development for the Health and Knowledge Precinct.
Construction is expected to begin in early 2020.