Work has begun on what is being touted as becoming one of the biggest large format retail precincts in Queensland — a 53,000 sqm Homemaker Centre at the rapidly-growing northern end of the Gold Coast.
NOT everything in the bricks-and-mortar realm of the digitally disrupted world of retail is shrinking.
At least, it seems, not within the Brisbane-Gold Coast growth corridor.
Work has begun on what is being touted as becoming one of the biggest large format retail precincts in Queensland at the rapidly growing northern end of the Gold Coast.
The $200 million development to be known as Home Focus Pimpama will have more than 53,000sq m of floor space when completed.
Hardware giant Bunnings has already been secured as a major tenant in the homemaker centre, subject to development approval.
Guzman y Gomez, the global casual-dining restaurant chain, is another key tenant that has pre-committed to the first stage of the project.
The large format retail precinct — at Exit 49 on the M1 motorway — is being developed by the Gold Coast-based Baycrown Group, which bought the 24.8ha site at Yawalpah Rd, Pimpama, in 2014 for $14.18 million.
Baycrown’s managing director, Olivia Van Asperen, said the group was excited to be creating the new retail precinct and being a part of the growth of the local community.
“Pimpama is recognised as one of the fastest growing areas in southeast Queensland,” she said.
“Stage one of Home Focus Pimpama consists of 28,017sq m of retail floor space with more than 60 per cent already pre-committed.”
Bunnings is looking to open its new warehouse outlet late next year and there will be about 30 other tenancies ranging in size from 200sq m to 2000sq m in stage one.
Ms Van Asperen said the Baycrown had been working with Paul Ziukelis Architects to masterplan and design the homemaker precinct, which will also feature pedestrian and bicycle linkages and 1200 carparking spaces.
She said an upgrade of Yawalpah Rd to four lanes fronting the Home Focus Pimpama site had created high connectivity and visibility from the M1 and a new link road through the project, named Nexus Drive, would further assist traffic flow in the area. Read more..
Read Full Article: Home Focus Pimpama: $200 million Gold Coast retail development underway | The Courier Mail
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