CONSTRUCTION will begin on the multi-million-dollar redevelopment of Australia Fair shopping centre next month.
Owners YFG Shopping Centres today announced the revamp would greatly extend the scope of works already underway at the adjacent new precinct, Australia Fair Metro.
It’s understood the second stage of renovations, which is set to commence late next month, will cost around $25 million and will take 12 months to complete.
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The redevelopment will include the unveiling of a stylish fresh façade fronting Scarborough Street and the ground floor to be upgraded from the Scarborough Street entrance to the existing Tap and Grind Café.
Managed by Retail First, the refurbishment will include an entire renovation of Coles supermarket and boost its modern appeal for customers in line with upgrades already completed by major tenants, Kmart and Event Cinemas.
Australia Fair general manager Ramon Otten said the Centre was committed to providing an ‘all-new’ retail experience for shoppers.
“Australia Fair was first built in the early 1980’s and is proud of its long-standing role as an integral part of the Southport community,” Mr Otten said.
“We are delighted to announce the first stage of the redevelopment works.
“Australia Fair is located within one of the country’s most exciting and dynamic locations, and as the Gold Coast prepares to welcome the eyes of the world for the Commonwealth Games in 2018, we are thrilled to reveal a greatly enhanced offering to the community and our visitors through this major redevelopment project.”
Coles will commence construction of its new-look supermarket in the coming months. The supermarket will become one of the most up-to-date stores in the country, with an expanded layout of 4222sqm.
Coles will expand into the Fig Tree Food Court to bring shoppers an exciting space featuring an in-store butcher and seafood specialists along with qualified bakers.
The supermarket will remain open for trading during the upgrade.
Kmart Australia has also recently upgraded its store to the very latest format, while the newly rebranded Event Cinemas has also undergone a stunning transformation.
A host of other national retailers are either relocating or investing in new fit-outs to complement the contemporary finish of the mall, including City Beach and Ally Fashion.
Management is also currently securing an enhanced offering of new retailers which are set to be announced at a later date.
New amenities on the ground floor will open by the end of the week in preparation for the overhaul of the ground floor concourse.
The announcement comes as the exciting new dining precinct, Australia Fair Metro, takes shape at the site of the Centre’s former west wing, offering a unique mix of retail, dining and services linked via a walk-bridge from Australia Fair.
Set to become a centrepiece for the refreshed CBD area, Australia Fair Metro offers landscaped, outdoor areas for families and friends to unwind and enjoy al fresco dining against a backdrop of retail stores.
The first stage of the Centre’s refurbishment is a major tenet in the revitalisation of the broader Southport region.
It will capitalise on infrastructure initiatives including the G:Link light rail network and the new world-class Chinatown precinct.
Marked as a priority area for re-development, Southport has attracted a total of $5 billion in private and public investment on initiatives which aim to boost the location as a key business, leisure and retail hub.
Construction of the revamped Australia Fair is expected to be completed by mid next year.