Current projects
Capalaba Town Centre Revitalisation Project
Council, partnership with RIC and development partner Shayher Group, is delivering an exciting multimillion revitalisation of a 1.55-hectare site in the heart of Capalaba. This exciting Project will transform the area behind Capalaba Central Shopping Centre into the urban heart of Capalaba. The $250 million project will see the delivery of a masterplan that incorporates a commercial precinct and exemplar public spaces including community assets such as a new library, customer service centre, arts centre and community hall.
The project will accommodate an employment hub, supported by an innovative public realm, a diverse mix of dining, retail and entertainment uses to create a day/night economy and bring much-needed infrastructure to improve connectivity.
Weinam Creek Priority Development Area redevelopment, Redland Bay
The new Marina Redland Bay within the Weinam Creek PDA will deliver more parking and improved access to the Southern Moreton Bay Islands, attract visitors, create jobs and drive economic development in the area. Delivered in stages, this catalyst project will transform the Marina into a vibrant waterfront precinct with more parking, improved infrastructure to reduce traffic congestion, shopping and dining outlets , new walkways and more open space.
4-10 Doig Street, Cleveland
Redland City Council transferred this 6,724m2 site to Redland Investment Corporation in 2015, to help revitalise Cleveland's CBD. RIC subsequently facilitated the sale of the site, which fronts Doig and Waterloo Streets and is being developed into an integrated aged care service.
Cleveland Plaza and Bloomfield Park
In December 2017, RIC purchased Cleveland Plaza as a strategic purchase of an important commercial site in Cleveland’s business district, as a long-term income producing asset. The purchase aligns to Council corporate plan strategy for economic development and the Cleveland Revitalisation Strategy.
In 2023, RIC purchased the neighboring property 66 Bloomfield Street, Cleveland (Bloomfield Park). This strategic purchase is an income producing asset which may further support Council’s economic development strategy for Cleveland’s revitalization. The purchase of Bloomfield Park settled on 17 January 2023.
For more information about RIC's projects, visit the Redland Investment Corporation website
Completed projects
Edge 521
RIC’s Edge 521 is a boutique, high-quality two-storey townhouse development, set on 3,559sqm, backing onto 16,650sqm of nature reserve. RIC engaged environmental consultants to undertake a vegetation rehabilitation program involving planting new trees, removing declared pests, weeds and exotic pests to rejuvenate the 16,650sqm of undeveloped land and provide an improved koala habitat for the retained conservation area. This boutique development featured 13 high-quality two-storey townhouses and provided a valuable boost for the economy and community, providing a range of jobs for local trades during the construction period.
2-16 and 18-22 Wynyard Street, Cleveland
9-11 Oaklands Street, Alexandra Hills
Redland Investment Corporation completed its Ava Terraces townhouse development on this site in July 2018. Ava Terraces townhouses feature modern architecture, spacious interiors and provides easy access to adjoining parkland, shopping amenities, childcare centres, schools, bus services and major road connections.
110-112 Queen Street, Cleveland