UPDATE: Fraser Coast councillor Daniel Sanderson has welcomed news work will start next month on Stockland more than doubling the size of its Hervey Bay shopping centre.
The councillor, who is in charge of the city and town centre development portfolio, said the announcement was excellent news and something worth shouting about.
"It is a great sign of confidence in the future of the Fraser Coast," he said.
"It will help us to strengthen our economy and attract visitors from the Wide Bay hinterland to the Fraser Coast."
Mayor Gerard O'Connell said the development, along with the $87 million St Stephens Hospital expansion, would create hundreds of jobs on the Fraser Coast.
"It will also help focus the national spotlight on the Fraser Coast, our potential and a place to invest," he said.
EARLIER: Stockland plans to more than double the size of its Hervey Bay shopping centre with a $115 million redevelopment scheduled to start next month.
The company said it had also lodged a second development application, which was outside the scope of this redevelopment project, to include an additional supermarket, cinema complex, restaurants and additional specialty stores, taking the centre to more than 50,000sq m.
Stockland said the existing redevelopment plan would see it create the premier shopping and entertainment destination in the region, with more than 36,000sq m of floor space and incorporating a new 500-seat cafe-style food court complete with outdoor dining and natural lighting.
The redeveloped centre would feature the Fraser Coast's first and only Kmart discount department store, a new full-line Coles supermarket and about 70 new specialty retailers and three mini-majors, taking the total number of retailers in the centre to more than 110, the company said.
Stockland group executive and chief executive commercial property John Schroder said Stockland Hervey Bay would become the biggest and best shopping centre between the Sunshine Coast and Central Queensland.
"This redevelopment will deliver an exceptional shopping experience to residents and visitors to this beautiful coastline and we're committing a significant investment to this important project," he said.
The centre would remain open for business as usual during the 18-month construction project and Stockland would work closely with its lead contractor, Lend Lease, to ensure the smooth and safe continuation of retail trade while construction is underway, Schroder said.
The redevelopment was expected to generate more than 250 local jobs during the 18-month construction program and more than 600 new retail jobs by the time the redevelopment was completed towards the end of 2014, he said.
Stockland managing director Mark Steinert said the redevelopment demonstrated the group's ongoing commitment to enhancing returns by creating market-leading shopping centres in key growth corridors.
At a glance
- $115 million redevelopment
- Construction scheduled to start April 2013 and expected to be completed at by mid-to-late 2014
- The redevelopment will increase the size of the centre from 15,600sq m to more than 36,000sq m
- First Kmart discount department store on the Fraser Coast
- Redevelopment to include a full-line Coles, 70 additional speciality stores, three mini-majors and 500-seat cafe-style food court
Design to incorporate the highest environmental standards and expected to gain a four-star green star rating
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