The owners of Capalaba Central shopping centre and Redland City Council are investigating a make-over for a 2 hectare block based on the shopping centre and library.
Redland City Council will talk with shopping centre owner the Shayher Group to develop a plan - which is in its early stages - for the commercial area.
Mayor Karen Williams said that with an extensive resume of projects across the south east, the company was well placed to deliver for the project.
"Shayher Group has extensive experience in delivering exciting projects such as the W Hotel in the Brisbane Quarter precinct, the former CSIRO site in Indooroopilly and the former Government landholdings in Northshore Hamilton, so having their experience and expertise attached to this project is exciting," Cr Williams said.
"They are also the current owners of Capalaba Central, which forms a key part of the project area, so we know they are committed to the community and making sure the project delivers the best results for the Redlands."
Cr Williams said the Shayher proposal was attractive because it put public amenities at the heart of the project.
"We have been working on this project for a number of years and from the beginning it has been about creating a town centre that was easier to get to, easier to travel around and more attractive for people to stay longer," she said.
"The Shayher proposal is focussed around public space, placing the focus on outdoor communal areas like alfresco cinema and dining areas designed to attract people to enjoy our naturally wonderful lifestyle.
"The proposal also includes a new library and community centre, which will be complemented by a new town centre that is safe, activated, innovative and environmentally sustainable, using best practice architecture and sub-tropical design."
A key objective was to provide better transport and pedestrian access.
"Anyone who has visited the Capalaba CBD knows the layout is piecemeal and disconnected," she said.
"In 2010 council adopted the Capalaba Centre Master Plan, which formed the basis for this project and showed us that for Capalaba to be a primary employment, transit and mixed-use centre with an after-hours economy it needed an active town square and better pedestrian movement.
"The Shayher proposal does that by providing better traffic flow and safer pedestrian access that connects the shopping precinct with nearby community facilities.
"We have also been speaking with the Department of Transport and Main Roads about developing better located and designed bus terminals as part of this project, as well as the possibility of it being used for transport projects such as the Brisbane Metro in the future."
Council will talk with Shayher to develop a plan for community feedback.
