Construction starts on Armstrong Creek Town Centre
- By Peter Gordon
- •
- 29 May, 2019
Our clients who have purchased in Armstrong Creek will appreciate this article. The Town Centre is a major drawcard for residents.
A $60 million shopping centre project is the first step to creating the Armstrong Creek Town Centre, which will become the retail, leisure and entertainment hub of Geelong’s south, developer Andrew Welsh said.
Mr Welsh, a former Essendon footballer, heads property developer Welsh Group, which recently acquired its latest property at 500-540 Surf Coast Highway, allowing it to start construction on the shopping centre.
The first stage has a Coles supermarket and 25 speciality shops, including cafes and restaurants.
Bulk earthworks had already begun, with shopping centre construction to start in coming weeks.
The developer would also rebuild Burvilles Rd, which separates the town centre and Geelong Lutheran College.
The centre expected to open in late 2020, along with fast food and bulk goods retail outlets fronting the Surf Coast Highway, which are the subject of a planning application with the council.
Welsh Group now owns 40ha of land within the Armstrong Creek Town Centre precinct.
“The Armstrong Creek Town Centre will be the first major commercial project in this region delivered by Welsh Group and will include a range of retail, leisure and entertainment, residential and community facilities, bringing an array of services and employment opportunities to the growing community,” Mr Welsh said.
He said Armstrong Creek Town Centre was modelled on similar projects at Rouse Hill in Sydney or Springfield in Brisbane.
“It’s a suburb within a town centre. It’s not your traditional drive in straight into a car park and retail, it’s a mixed use suburb within Armstrong Creek.
“It’s exciting to see the quality that’s going to be there to make a destination that’s not just retail but community services, the library and residential components.”
Mr Welsh said other precinct landowners were planning retirement living, while the council owned the site for the future train station and a surrounding civic hub.
The mixed use component was a 15-year project to be built in stages timed as the population grows, he said.
“Once more population comes there is hotels, serviced apartments, we’re talking to a couple of different groups around university co-sharing in areas, there is large format locations for bigger footprint home uses, so it’s a huge long-term project.
“Stage one will initially service about 58,000 people and provide in excess of 1100 ongoing jobs, with the suburb set to rapidly increase to over 110,000 residents by 2036,” he said.
Welsh Group has appointed Colliers International agents Mike Crittenden and Adam Lester to manage leasing for the shopping centre and freestanding sites on the Surf Coast Highway.
Mr Welsh said Colliers had a strong relationship with local operators but were getting national and international operators wanting to be a part of the town centre because they’d seen how Rouse Hill and Springfield town centres had operated.
Article courtesy Realestate.com 3 May 2019
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Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).
Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.
Time magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time magazine?). But they might be onto something.
Time points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.
Time’s most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).
A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.