Karingal Hub shopping centre to get $62 million revamp
MORE shops, restaurants and a ‘town centre’ are at the heart of a huge $62 million redevelopment of a Frankston retail complex. This is what it will look like.
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MORE shops, restaurants and a ‘town centre’ are at the heart of a huge $62 million redevelopment of a Frankston shopping centre.
The Karingal Hub Shopping Centre revamp, ticked off by Frankston Council last week, includes an extra 762 carparking spaces; a new two-level restaurant/cafe; a facelift of existing shops and the relocation of the bus interchange to improve traffic flow and pedestrian access.
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The redevelopment by owners ISPT Super Property, who also own Westfield Doncaster and Barkly Square Brunswick, will create more than 200 jobs during construction and 300 full
ongoing and part-time jobs.
The revamp will provide an additional 13,531sq m retail floorspace, a large ‘town centre’ with an area of 2,500sq m and a community space of 200m.
A multi-deck carpark will have 1140 car spaces.
Hub manager Catherine Polley said they were keen to get to the next stage of the development process.
Chief executive of advocacy group Committee for Greater Frankston Ginevra Hosking said the redevelopment would provide a massive boost to the region.
“The fact private investors have the confidence to make this type of investment shows Frankston is on the move,” she said.
Frankston Mayor Colin Hampton said the investment and jobs boost would improve what was on offer in Frankston.
“This is excellent news that our city is attracting investment on this scale which will bring jobs and visitors to our region,” he said.
“The community will really be able to see the benefits of having a wider retail offering, as well as even more dining options on our doorstep.”
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