Overview
- Stockwell has bought the Parmalat/Paul’s Milk Factory land on Montague Road and on Tuesday lodged a development application for the first stage, which covers an owner‑occupier tower at 108 Montague Road.
- The developer’s concept calls for a multi‑stage precinct over up to 15 years, including apartment towers, built‑to‑rent housing, a 400‑room hotel, temporary Olympic activation areas, and an entertainment strip the firm calls the “Beer Mile.”
- The site sits inside the Montague Road Provisional Priority Development Area so Economic Development Queensland will assess the application rather than Brisbane City Council, a change the state says will speed delivery of housing and venues.
- Premier David Crisafulli publicly backed the proposal to use the site for Games medal ceremonies and new homes, while local parents and community groups warned that schools and other local services are already under strain from rapid inner‑city growth.
- Reporting notes a remaining factual gap about when the factory will close, with some coverage saying July and other reports saying September, and most major elements of the plan still require formal EDQ approval.