VIDEO: Developer ticks Ipswich off construction target list
IPSWICH is on developers' target lists.
A Coles Express store, eight shops and 140 homes rising from the rubble at the old Bremer high school site is well on its way for completion next year and a potential sample for what is to come in the next five years.
Citimark joint managing director Robert Pullar said the $48 million housing and shopping development was the company's most successful project.
He said the company was the force behind previous developments in the Ipswich region but there was potential for more sights to be transformed.
"This is probably Cititmark's most successful development on our books at the moment," Mr Pullar said.
"I think the response we got from our sales program was representative for the need in terms of the demand for housing in the Ipswich area and recognition of Ipswich as a high standard of living for residents."
Citimark has already sold all 76 housing lots in stage one and expect first home owners to move in by May while Coles and the shopping centre is set to open in March.
All eight shop leases are close to being finalised while 75% of stage two, 66 home lots, is sold and expected to be filled by February.
"As developers we are a little bit more conservative about how we look at things so we didn't expect it to sell out so quickly in the first stage," Mr Pullar said.
"Moving the project ahead of schedule is representative it has exceeded our expectations.
"Ipswich is one of the growth opportunities within the greater Brisbane area that I can't see that evading at all.
"That is going to accelerate over the next five years and the recent state government plans of how they see Ipswich is very much on key with where the public see it too.
"The whole Ipswich City Council area is on our target list to be developing residential and retail."
Citimark won the tender for the site after Ipswich City council took on the land when Bremer high school moved campuses in 2011.